Halloween Market

It's the first day of November, a Halloween day, no idea if the market is conducive to trade or participate today, the way I can see from the market today is quite confusing. Maybe there might be a last 'minute' trade before the close, but I think lots of noise might happen early in the market. Though the indices are on the positive trend as of this posting, the futures are in quandary. We'll see how it goes, will just do net surfing for the day and do some/search other activity/interest for some diversion, sometimes we need to take a break/stay away from the market once in a while. Though it's so hard to be away from the market when you are so 'attached' to it (seems better than having a partner?), especially if you sleep and breath with the market, in bad times and in good times, in losing and in winning, love the market is what you do.

!@#$%^&*(+? Setup For Thursday

With this 15 minute chart from Crude, I don't know ever since I learned trading in '07, no idea if I can trade this s#$%@&*...

Addendum: I think it's for Halloween?

 

A Nice Triangle Setup ('Offense') From Gold

Spotted this pattern from Gold late in the overnight session and was able to capture the main move. As if it was the days of the Chicago Bulls era under Phil Jackson's 'triangle offense'. And it was a slam trade today from Gold. Nice triangle formation!

A Golden Surge From Gold

A very interesting move by the Gold early in the session when it surge vertically as shown from the 15-min chart below. It formed a double bottom as shown from the rectangular box before it burst like a gunfire. If you are late with the sudden strike, you can still catch the half move when it pulled back from the 'u' pattern like area. It was consolidating from the 1310 to 1320 range level the past few days as shown from the 5-hour chart (second below), also a box pattern like. Actually it was a bull flag from my observation, but a long/extended one. Though from my point of observation, it was a very risky 'long' trade but it is a valid one (considering lots of negative comments from some pundits), just with a tight stop. And likewise it was seconded by the positive employment reports.

Don't Get Involved In The Market When He Is Not Acting Well

It's late night and can't get to sleep and wanting to find out or should I say how the market works or how it affects or relates to individual(s). It's just the thought of one of 'those' times that you wonder or give some meaning on your own especially if you've been attached to the market for quite a while and still trying to figure out really how the market 'really...really' works. I made those two words repeatable because when you are involved with the (like you sleep and breath with it) market on a daily basis, it is like a cycle that is always repeating same movement that you can't understand. It is like an insane person or a human being having a Parkinson's disease. And all the participants are trying to understand everything on it and they can't detect nor figure it out how to approach an 'insane' market. Most of all will conclude 'that's how the market is', if the market is not that 'insane', there is no market at all, as some will/would chorused. I might agree with that statement that the market is that 'that' insane, because you cannot really 'understand' the market and will never be. The market is a continuing unpredictable 'animal', that will haunt each and every participants because of its notorious or treacherous moves. I am talking here about in the trader's perspective not through investors insights. Trading the market is such a very delicate endeavor especially if you are not that prepared, and if you are treating trading as a ticket to a cash machine. That's a wrong impression. There are many reasons why we traders fail to understand... is that we cannot just trade and get involved in the market all the time. Especially if he is really...really that crazy, or else we will end up one.

Shutdown 'Short' Trade Setup

As the government shuts down, the market went shut down too. And the best way is to capitalized on it. And this 5-min chart from Gold was a no-brainer 'short' trade. Just press the sell button (upper arrow) and press the buy (cover) button (lower arrow), and on your way for a nice profitable trade. That's why watching and observing the market movement is the best way to participate and gain from it. Patience pays off and it's a virtue!

Now Facebook (FB) is Souring

Shown is the weekly chart of the social lovers, the Facebook, known better in the socials as FB. From its IPO in May of 2012 at a price of $42?, its drops to a mere $18 after five months. And from then, and after almost a year of consolidation, it formed a 'cup with a handle' (a Wall Street lingo, that means a bullish trend is in the offing), though the handle was a little bit extended. Looking at it right now it is souring, and Mark Zuckerberg must be 'zucking' his thumb with cash!