Probably got tired of climbing vertically from yesterday's action.
And as I also mentioned from previous post, it might pause a little bit, and that's what happened from today's activities.
Thursday, July 19, 2012
Thursday's Market Conclusion
The market turn sluggish and quite choppy today.
Probably got tired of climbing vertically from yesterday's action.
And as I also mentioned from previous post, it might pause a little bit, and that's what happened from today's activities.
Probably got tired of climbing vertically from yesterday's action.
And as I also mentioned from previous post, it might pause a little bit, and that's what happened from today's activities.
Wednesday, July 18, 2012
Wednesday's Market Conclusion
The market went upwards in the open and almost maintaining its momentum till the close.
I guess it might pause a bit by tomorrow and will regain its strength in the coming days.
I guess it might pause a bit by tomorrow and will regain its strength in the coming days.
Wednesday's Great? Trade
The market went to a stunning surge in the open and shown is the 3-min. chart opening for a long trade.
Buy in the open and sell above the R1 is the most appropriate trade to make.
Done trading for the day!
Buy in the open and sell above the R1 is the most appropriate trade to make.
Done trading for the day!
Tuesday, July 17, 2012
Tuesday's Reversal Trade
The market gap up in the open only to lose its strength and made a reversal before lunch time opening for a long trade at S1.
The most probable exit is at R1 as shown from this 3-min. chart.
The most probable exit is at R1 as shown from this 3-min. chart.
Monday, July 16, 2012
Monday's Market Conclusion
The market went on the sideways today due to indecision.
The participants are gauging each others throat and waiting who's going to give in.
I guess the bulls are on the upper hand this week unless bad news might crop up from the calendar days that are due.
Let's see how the market behave the coming days.
The participants are gauging each others throat and waiting who's going to give in.
I guess the bulls are on the upper hand this week unless bad news might crop up from the calendar days that are due.
Let's see how the market behave the coming days.
Monday's Breakout Trade
The market open below and made a nice consolidation below the pivot opening an entry for a long trade.
It made a dramatic breakout above the pivot exiting the trade from the previous high last Friday's market.
Nice setup trade!
It made a dramatic breakout above the pivot exiting the trade from the previous high last Friday's market.
Nice setup trade!
Saturday, July 14, 2012
Friday's Market Conclusion
The market made a nice smooth move upwards Friday after weeks of losses.
That makes the market interesting because of the opportunities it offers whether on the up-swing or low swing.
That's what traders prefer, they can exploit the markets breakout leaving the investors eating the dust.
Like this 5-min chart from Friday's market, the chart speaks for itself.
Buying at the pullback and selling in the close is the classic preference for the profitable traders.
No need for too much fancy indicators or expensive expert subscriptions to rely on.
Just monitor the price actions and the trend, whether uptrend or downtrend.
In this case, it's on the uptrend, trade what your see!
That makes the market interesting because of the opportunities it offers whether on the up-swing or low swing.
That's what traders prefer, they can exploit the markets breakout leaving the investors eating the dust.
Like this 5-min chart from Friday's market, the chart speaks for itself.
Buying at the pullback and selling in the close is the classic preference for the profitable traders.
No need for too much fancy indicators or expensive expert subscriptions to rely on.
Just monitor the price actions and the trend, whether uptrend or downtrend.
In this case, it's on the uptrend, trade what your see!
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