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Tuesday, March 11, 2014
Overnight Trade Setup
Gold made a nice run in the overnight session while most participants are still 'snoring'...
Sunday, March 9, 2014
Tip Alert: Stock For The Long Run
I am showing here my Stock(s) For The Long Run, an idea taken from Prof. Jeremy Siegel's famous book. I have a small position from this shipping company and will consider it as a long term. I am planning to buy some more, maybe for a year or as long as it still a 'buy' price will do so, I am not that a big time investor, I will just buy whatever amount I can have monthly, and will go from there. I have a big belief from this Greek company that it has promising potential to regain its previous high price of $120, or maybe a possible takeover. Below is the monthly and weekly chart, see (research) for yourself if it has a promising outcome...
Thursday, March 6, 2014
Is Trading 'Easy'?
That can be answered depends how you interpret the market based from your own participation. I made this kind of question to my own trading because I do my own trading by myself without the aid of anyone except through my own way of learning. I am not saying/boasting or tooting my horn, it's because I don't have any means to pay expensive seminars, subscribe to expensive tutors or whatever those 'great' traders are espousing that they can beat the market, or those promises that they know how to make a good trade and help you make tons or millions of 'In God We Trust' paper.
That's pure nonsense as far as this humble market observer is concern, though I can't show any kind of that tons of green paper, but based from my own humbling way of participating in the market, when it comes to making trades, trading can be done by you alone, it cannot be done for you, that's for sure. Trading is within you!
So is trading is easy? No it's not, but is 'simple'! With that, you can answer that when you are in the market losing for long, as this market observer can point out. Trading can be done based from your own market observation, reading the minds of the market...as that famous quote from the market speculators always emphasized. It's about understanding the whole market structure, it's about your own way of interpreting how you can participate based from your own way of learning, it is not about how other people's (traders) way of trading - it is about your own way.
It is not how 'sophisticated' you are, I mean those indicators, it is not about how you fill your chart with lots of indicators which 'most' don't understand - only the one who invented it can understand, or if they can/do (I mean the inventor itself), I'm sure they don't use it either (sorry folks). It is not about that vwap...profiling... fibs...tick...rsi...or whatever...those are all for sophistication, the more you 'sophisticate' your trading, the more you make it hard to make a trade, is that not 'common sense'?
So make a trade based from your own way, don't trade other trader's way, because at the end of the day, when the market opens, everybody are scrambling to make green bucks. The best way is to collate great trading ideas, mold them into your own, implement it the way you understand it based from your own way of understanding how the market works, the big question there is 'how the market works', that will be your problem to solve, that will take a long time to 'dig' your 'bonehead'.
Based from my years of losing, desperation, frustration, name (I mean the hardship in the market) it I experienced it, trading the market is simple...but it's NOT THAT EASY!
That's pure nonsense as far as this humble market observer is concern, though I can't show any kind of that tons of green paper, but based from my own humbling way of participating in the market, when it comes to making trades, trading can be done by you alone, it cannot be done for you, that's for sure. Trading is within you!
So is trading is easy? No it's not, but is 'simple'! With that, you can answer that when you are in the market losing for long, as this market observer can point out. Trading can be done based from your own market observation, reading the minds of the market...as that famous quote from the market speculators always emphasized. It's about understanding the whole market structure, it's about your own way of interpreting how you can participate based from your own way of learning, it is not about how other people's (traders) way of trading - it is about your own way.
It is not how 'sophisticated' you are, I mean those indicators, it is not about how you fill your chart with lots of indicators which 'most' don't understand - only the one who invented it can understand, or if they can/do (I mean the inventor itself), I'm sure they don't use it either (sorry folks). It is not about that vwap...profiling... fibs...tick...rsi...or whatever...those are all for sophistication, the more you 'sophisticate' your trading, the more you make it hard to make a trade, is that not 'common sense'?
So make a trade based from your own way, don't trade other trader's way, because at the end of the day, when the market opens, everybody are scrambling to make green bucks. The best way is to collate great trading ideas, mold them into your own, implement it the way you understand it based from your own way of understanding how the market works, the big question there is 'how the market works', that will be your problem to solve, that will take a long time to 'dig' your 'bonehead'.
Based from my years of losing, desperation, frustration, name (I mean the hardship in the market) it I experienced it, trading the market is simple...but it's NOT THAT EASY!
Gold's Triple Bottom
As a gold 'digger' trader, I find this formation from this 1 - hour chart as shown with the squared area a 'triple bottom'. Able to make a trade today when it is showing a positive traction from the price level of 1338. That triple bottom observation was the trigger point that today's gold is going to make a surge, and it proves...
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Thursday, February 27, 2014
Tip Alert: Successful
Decided to exit the trade at the price level of 102.82, considered Long Trade on Crude successful...
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Wednesday, February 26, 2014
Tip Alert: Long Crude
Entry: 102.39
Stop: 101.80
Target: 103.10
Time Frame: 30 minute
Note: Will hold till regular session, let's see if it's going to work...
20140226205018.png)
Stop: 101.80
Target: 103.10
Time Frame: 30 minute
Note: Will hold till regular session, let's see if it's going to work...
Monday, February 24, 2014
What Is A Trading Plan?
Do you have one?
Below is a sample of a Trading Plan.
- Describe your trading strategy, identifying your preferred tools and signal generators ( i.e. half hour candle stick charts, Market Profile, 700 tick chart with ADX, etc.).
- My trading strategy is quite simple but it's not that easy, it is composed of my own way of trading the market based from my own understanding how the market works, with references to my readings of the whole market structure with the aid of few technical indicators, the ma/ema's, S/R levels, patterns, candle stick formations, through the useful means of multiple charts from my 6 - 22'' to 24'' monitors, in that way I can make a clearer view of analyzing/ finding exact location in putting trades. My tools in trading will help me a lot in identifying highly probable trades with positive outcome as much as possible. My trade location is to capture the 'in-between' portion of a trend, based from 5 to 15 minute chart frame.
- My risk reward per trade is based from the point of my entry, with stop 14 ticks below entry point, and a target of 19 to 21 ticks above entry point (the price of my entry will depend on the price leveling of the current state of a product to be traded, case to case basis, but this will be my main risk/reward ratio), this is for long trade, for short trade, it's the reverse.. If in case the market entry was not that convincing or not potentially giving/showing a positive/probable possibility based from my readings at that standpoint, i will exit and will wait for the right timing/next opportunity.
Below is a sample of a Trading Plan.
- What is your trading style? Please go into detail regarding your preferred market states and time frames for trades.
- My trading style is to capitalize on the market's current environment by means of exploring/finding the right location of participation in placing a trade with the highest probability outcome in a short time frame on a daily basis based from my own target profit, through the means of my own way of learning/trading the market via observation, recognizing the patterns, watching/analyzing the price movement through chart/bar formations, with regards to the market on-goings overseas, current market state/environment, calendar events, and also based from my own temperament and tolerance. Through this way, my own agenda and objective in involving with the market is well planned and organized. Included herein is my strict adherence to discipline, and with that, I will treat my trading as my day's job - at all times, and follow the rules and be a responsible 'employee'/ trader.
- Describe your trading strategy, identifying your preferred tools and signal generators ( i.e. half hour candle stick charts, Market Profile, 700 tick chart with ADX, etc.).
- My trading strategy is quite simple but it's not that easy, it is composed of my own way of trading the market based from my own understanding how the market works, with references to my readings of the whole market structure with the aid of few technical indicators, the ma/ema's, S/R levels, patterns, candle stick formations, through the useful means of multiple charts from my 6 - 22'' to 24'' monitors, in that way I can make a clearer view of analyzing/ finding exact location in putting trades. My tools in trading will help me a lot in identifying highly probable trades with positive outcome as much as possible. My trade location is to capture the 'in-between' portion of a trend, based from 5 to 15 minute chart frame.
- Explain your average risk/reward per trade, including both the average stop loss in ticks as well as the average profit target in ticks.
- My risk reward per trade is based from the point of my entry, with stop 14 ticks below entry point, and a target of 19 to 21 ticks above entry point (the price of my entry will depend on the price leveling of the current state of a product to be traded, case to case basis, but this will be my main risk/reward ratio), this is for long trade, for short trade, it's the reverse.. If in case the market entry was not that convincing or not potentially giving/showing a positive/probable possibility based from my readings at that standpoint, i will exit and will wait for the right timing/next opportunity.
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