Today's Market Recap

 The market open up today only to lose it’s steam due to Cyprus problem and maybe due to profit taking. Trading early today is not a good option for in the first few minutes into the open, the market was volatile. Lots of pressure in bringing the market to go down. And the bears were quite successful. I can see a probable short trade from the settlement price when it has a form of ‘h’ pattern. Actually, there are two ‘h’ formation, the last one between the hour of 12:00 to 1:00 pm ET. There is also a pattern of inverse head and shoulder from 1:00 to 3:00 pm ET. Trading early today is not quite advisable and not good. The market today needs some time to develop in determining the trend.

Friday's market trade

Friday's market was not that kind of a tradeable one unless you do scalping.

But i did find one that can be traded upon.

With the chart below, though this is after the fact, but at least we can find an education for future trading.

The market drops hard when it surge before the open but did find resistance within the pivot line.

Opening for an entry after the participants lunch break.

Notice the uptrend line, it shows a higher lows.

The exit is within the R1 level.

This is just for our educational trading development.

 

 

 

 

Market On A Roll!

The market is on a roll for real!

Shown are the charts from the Tuesday's session from the leading indexes.

I guess the bears are in for a long nightmare.

The only way they can recover is to 'day trade' the market.

But for long, they are in for a long haul.

Though the market cannot be underestimated, it is always subject for a surprise drop.

Especially when its time to make profits.

So watch out!

The market starts rolling?

I guess that's what this chart says so.

Whenever the bears tries to take down the market, the bulls are always there to protect the market from falling.

Notice the resistance from the 2700 level, since the start of the year 2013 the market always bounced from that price.

Though it quite move erratically, the market seems showing strength.

Friday's Market Action

Don't have much things to post the past month or so mainly due to the choppiness of the market since it surge big time in the first week of January 2013.

From thereon the market turns to boring mode and if you are not used to it you will hibernate.

But that's how the market is, either you love it or hate it.

And if you lack patience you are not supposed to be in the market.

The market exploded last Friday's session after a month of consolidation.

The best bet last Friday's trading is to buy from the pullback in the open and sell before the close.

Big time money for traders last Friday's market.

I'm sure all of them are oozing in the bar after the market savoring their profits.

Let's see come Monday's session if there is a follow through.

  

Love The Market...Even In Randomness

Been a while not posting any partly due to quite busy trading the markets in random way.

Though the market surge big time early in the New Year but it hardly move upwards.

Sure lots of in-home traders are struggling confronting the market.

Notice some traders blogger are not quite that active giving some advice/ideas as compared years back.

Is that a sign that they are giving up with the ups and downs of the market or they run out of opinions to described the markets going on?

Or some or most in-home traders decided to give up or they found a new job?

Your guess is as good as mine!

As for this struggling wannabe trader, i can say there's no way giving up loving the market.

The market is such a good friend, it gives you opportunities, lots of them.

First your sanity, if you don't know what you are doing you will suffer beyond your imaginable means.

Second, you will lose your wallet and maybe your love ones.

For it consumed your hard earned money and also the most precious of all - your time.

And lastly, after experiencing lots of hardships and debacle on your being, the rewards are forthcoming.

You will learn how to trade the market beyond its randomness and the opportunity sets it.

That's where the time where all your losses starts to recover.

Trading is a process, its like planting a fruit tree that originates from a seed.

You have to nurture that seed until it starts to grow as a tree and starts to bear fruit.

Sometimes it takes time to bear fruits that's why you have to fertilize it.

The Market Surge...Big Time!

The market leap vertically welcoming the year 2013 with a big bang.

Trading Wednesday's market was a bit tricky for it surge early in the open only to lose its steam almost the whole trading day.

Was able to recover late in the trading day regaining its momentum.

For Thursday market, seems it might stall a bit and maybe will just consolidate.

But i guess the strength is still intact and might make a tight move upwards.