
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Friday, January 28, 2011
Tuesday, January 25, 2011
Monday, January 24, 2011
Sunday, January 23, 2011
Thursday, January 20, 2011
Wednesday, January 19, 2011
Observe & Trade



The market is in the red today partly because of the news about the iPad creator.
Showing the 5-min. chart from the three leading core markets.
The Dow (YM) was not that smooth to trade today for its bubbly.
TF, NQ and the ES were on a smooth ride to the bottom.
Trading any of them in the open can make you a nice paycheck for the day.
Tuesday, January 18, 2011
Observe & Trade


A mixed reaction from the core index market today.
DIA (YM) made a nice upward movement in the open and formed a bull flag at 10:00 am.
QQQQ (NQ) open below the previous close but made a triangle formed like for a bullish signal.
SPY (ES) was a little bit choppy and was not a good index to trade today.
Russell 2000 made an ugly move early but recovered late in the close.
Based from observation, there are tradeable pattern today but with cautious play.
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