Showing in here a one hour chart from Gold that this humble market participant 'observed' that it might turn bullish because of that 'inverted head and shoulder' pattern (is emerging?). As far as this market observer is concern, it is forming that way. Though it might stall by tomorrow because it's Friday, a profit taking day, but there is a big chance come next week or maybe late Friday before market close it might starts to roll. Let's see, nobody knows, but you know market is unpredictable, it might go anywhere.
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Thursday, March 20, 2014
ES Bull Flag Setup
ES made a nice run again because of the positive jobless report and the existing home sales?, if you missed the consolidation from the triangle formation, you can still put on a trade when it pulled back from the bull flag pattern...
Wednesday, March 19, 2014
Possible Rally For The ES and the Crude?
Shown are the 1-hr chart from the ES and the Crude ahead of the FOMC meeting, I guess a possible rally might emerge after the meeting...the charts area forming a cup with a handle pattern, a bullish signal...
Tuesday, March 18, 2014
Friday, March 14, 2014
Crude Trade Setup
Entry: 9827
Stop: 9816
Target: 9877
Gain: 50 points
Note: Traded Crude in the Globex session and was able to capture the 'meat'...if you are patient, stay sittin' and keep watching the market like a hawk you can make a 'difference', as that famous trading words...'I make my money by sitting'?...
Stop: 9816
Target: 9877
Gain: 50 points
Note: Traded Crude in the Globex session and was able to capture the 'meat'...if you are patient, stay sittin' and keep watching the market like a hawk you can make a 'difference', as that famous trading words...'I make my money by sitting'?...
Thursday, March 13, 2014
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