'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, September 9, 2011
Thursday, September 8, 2011
Target sell price at 11350 got hit for a gain of 30 points, +$150.00 bucks... not bad for 10 min. job...I'm leaving my trading table for a doctor's appointment...see you then...maybe later...
Will watch YM (DIA) for a pull back and observe if its going to make a move...
Wednesday, September 7, 2011
The market rolled...as I observed buying at the open and close it at the end of trading offered a low risk trade...
I was right with my observation that the trend for the day is on the upward...buying at the pullback in the open and monitor the trade till the close is really a low risk trade...
Hmm...YM went up to my target price at 11350...decided to traded out my position since I left my trading table to do some important errands...I should have just let it go...
Trade out at 11312...don't see any upward...gain at 32 points for $160.00 bucks gain...
Just for my own observation and the way I can see the trend from my live chart, the market is on the positive trend. Buying long at the open (possibly on a pullback) and let it run till the close has the big potential of a low risk reward...that's how I can see...
Tuesday, September 6, 2011
Today's trade
Showing here the 1-min. chart of DIA which is similar to YM futures.
Enter at 10960 and exit at 11020 for a gain of 60 points, $300.00 bucks for a contract.
Enter at 10960 and exit at 11020 for a gain of 60 points, $300.00 bucks for a contract.
Monday, September 5, 2011
Saturday, September 3, 2011
Last trading day's chart
Shown in here the 5-min. chart of the last trading day of the YM.
A big drop from the regular open, but the overnight session was already on the verge of descent.
Partly due to the unfavorable job's report.
Looking at this chart, the most probable trade is to put a short trade at around 1:00 pm. at point 11300.00.
Exiting at 11200.00 for a gain of 100 points, that's +$500.00 sure bucks for a contract.
A big drop from the regular open, but the overnight session was already on the verge of descent.
Partly due to the unfavorable job's report.
Looking at this chart, the most probable trade is to put a short trade at around 1:00 pm. at point 11300.00.
Exiting at 11200.00 for a gain of 100 points, that's +$500.00 sure bucks for a contract.
As a prelude...
As a prelude to my real time trades that will be posted onwards come next trading day.
My concentration will be on the Dow YM, but you can relate it to the etf's DIA if you don't trade futures markets.
They are almost the same.
Likewise, I will refer to the free stock charts to convey my trades and will use the DIA as the basis in real time.
Or I will show some chart from the Finviz in case, though the chart from there is a little bit delayed.
I can't post my real time chart that I used for my trading because it doesn't permit to. I used Strategy Runner software in my trading, Lite version.
Showing the 5-min. chart from the DIA last Friday's session.
My concentration will be on the Dow YM, but you can relate it to the etf's DIA if you don't trade futures markets.
They are almost the same.
Likewise, I will refer to the free stock charts to convey my trades and will use the DIA as the basis in real time.
Or I will show some chart from the Finviz in case, though the chart from there is a little bit delayed.
I can't post my real time chart that I used for my trading because it doesn't permit to. I used Strategy Runner software in my trading, Lite version.
Reviving my real time trading post...
Been a while not in the blog trading for I am tied up trading full time in my cave.
As a form of relaxation and doing some balance with my endeavor, I will try to post some of my actual trades in real time at the same time sharing my self-taught ideas especially for those who are still in their learning stage of trading futures.
There is no guarantee that I will be right, but my post will just serve as a guide and it will be up to viewers to examine/determine its probabilities.
So see you next trading day in real time!
Sunday, March 20, 2011
Back to trading
Been a while not doing any posting on this blog.
Been occupied with personal stuff and likewise been busy writing trading materials.
I'm almost halfway through with my project, and hopefully I can complete it before the year ends.
It's a one year project and looking forward I can contribute a little to fellow traders.
Been following the market every now and then, and it suffered the past few weeks due to international concern.
But for traders, it's just a normal ups and down for we can change both sides whenever we see some reactions.
Been occupied with personal stuff and likewise been busy writing trading materials.
I'm almost halfway through with my project, and hopefully I can complete it before the year ends.
It's a one year project and looking forward I can contribute a little to fellow traders.
Been following the market every now and then, and it suffered the past few weeks due to international concern.
But for traders, it's just a normal ups and down for we can change both sides whenever we see some reactions.
Tuesday, March 1, 2011
Friday, February 25, 2011
Sunday, February 20, 2011
Friday, February 11, 2011
Wednesday, February 9, 2011
Tuesday, February 8, 2011
Observe & Trade
YM made a good move today.
Buying at the open can make you a payday for the day.
ES and NQ are not quite tradeable.
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
Sunday, February 6, 2011
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