Monday's Market Action

The market bounces back at the later part of trading.

It opened above from Friday's close only to make choppy/volatile moves almost the whole market hours.

The participants are gauging the market sentiments due to earnings reports and vital calendar market events.

Let's see come trading days ahead if the market will prevail from today's move.

 

 

Friday's Trade Setup

The market tumbled for the second day since yesterday, Thursday.

A follow through from yesterday's GOOG sell off.

A good trade today is to sell in the open and cover in the close as shown from this 5-min. chart.

Not much volatility, all sell off throughout the trading day.

Tuesday's Trade Setup

The market gap up today for the continuing bullish trend from yesterday's market.

The best entry is to buy in the open and monitor its movement till the close.

Good trading environment in today's market.

 

 

Monday's Trade Setup

The market is on the verge of downward movement the past weeks.

For today's market, it gap up in the open only to lose its momentum after an hour or so.

The best entry if within the settlement price as the two ma's crosses over.

It formed a "u" pattern and a cup with a handle bullish formation.

Spotting today's market involves recognition of pattern which plays a vital part in finding a probable trade.

The most probable exit on this setup is when the market closes its session.

Friday's Trade Setup

Today's trade was not quite convincing but the price action and the double bottom pattern made it possible to place a trade.

The double bottom is recognizable within the support level (S1).

The entry is at the arrow below for a long trade when the ma's crosses over.

The exit is at above the pivot line when it starts to lose its steam.

Making a trade when the market is like this especially it's a Friday needs full concentration in watching the price movement.

Price action is all that matters and some kind of precise trading experience.

 

 

Best Trade Setup

The market made a nice move today and the best trade is to buy in the consolidation from the open.

Exit is at the arrow above.

Best trade setup!

Tuesday's Trade Setup

The market gap up today in the open only to lose its strength for the profiteers trying to make money early on.

The best entry is from the pullback below when the ma's cross over opening for a long trade.

The exit is at the arrow above just below the R2 level.