'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Tuesday, February 8, 2011

Observe & Trade


TF resembles a kind of a "dragon wave" pattern develop today as shown.

Though a pennant triangle can be considered, but there's not much a nice location to put a trade as far as I can observed.

It's a see saw battle most of the trading day except in the latter part.

Monday, February 7, 2011

Observe & Trade









The market went upwards early in the open and stay (almost) there till the closed.

Buying in the open any of the four core markets can make a good paycheck for the day.

All of them made similar moves.

Trading & Investing Strategy, Trading Ideas

Trading & Investing Strategy, Trading Ideas

Sunday, February 6, 2011

Observe & Trade









A very volatile market early in the open up to around lunch time last Friday.

TF made a double bottom or a "W" pattern.

YM and ES made a similar move.

NQ was the right one to trade as can be seen from tight consolidation.

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.