Shown is the 5-min. chart to make a short trade.
Friday, July 6, 2012
Friday's Market Trade
The market drops hard today due to unfavorable reports on the jobs market.
Shown is the 5-min. chart to make a short trade.
Shown is the 5-min. chart to make a short trade.
Thursday, July 5, 2012
Thursday's Market Conclusion
Shown is the 5-min. chart of the (QQQ) market activities in today's trading.
Seems a positive sentiment from the participants.
Seems a positive sentiment from the participants.
Thursday's Market Trade
The market drops early in the open only to make a major reversal from the (S1) support line.
The entry for long trade is from the S1 with exit at (R1), resistance level.
The S/R levels plays a major part in trading, they are basis for entry and exit points.
Though they are not conclusive, but they give some clues when to enter or exit.
The important in trading is the price actions.
Shown is the 5-min. chart where the entry and exit are pointed with an arrows.
The entry for long trade is from the S1 with exit at (R1), resistance level.
The S/R levels plays a major part in trading, they are basis for entry and exit points.
Though they are not conclusive, but they give some clues when to enter or exit.
The important in trading is the price actions.
Shown is the 5-min. chart where the entry and exit are pointed with an arrows.
Tuesday, July 3, 2012
Tuesday's Market Conclusion
The market made a nice upwards move today mainly due to the absence of the major market players.
Big opportunities today for the small retail traders for there's not much noise/volatility.
Big opportunities today for the small retail traders for there's not much noise/volatility.
Tuesday"s Market Trade Entry
Shown is the 5-min. chart for today's market.
Not much noise for the participants are already on a holiday.
It will be a short trading day today in time for tomorrow's fireworks display.
Not much noise for the participants are already on a holiday.
It will be a short trading day today in time for tomorrow's fireworks display.
Monday, July 2, 2012
Zigzag Monday's Market
The market moves on a choppy sideways today prior to holiday come Wednesday.
Seems most participants are already on a Holiday break except the programmers.
One can notice the erratic sideways moves the whole trading day.
I can surmise that the market is just consolidating prior to the next big move.
Today's market consolidates mostly within the previous close and above the pivot line.
Seems most participants are already on a Holiday break except the programmers.
One can notice the erratic sideways moves the whole trading day.
I can surmise that the market is just consolidating prior to the next big move.
Today's market consolidates mostly within the previous close and above the pivot line.
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