'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

Observe & Trade









A down market today due to Middle East problem.

A short trade in the open from any of the four core index is a sure paycheck for the day.

Monday, January 24, 2011

Observe & Trade









A dramatic surge from the whole market index today.

Any of the four core index can make money in trading today.

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.