'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, March 25, 2014

Similar Move

The market today moves almost in the same manner? I think they do as shown from charts below.

 
 

About Market 'Change'

I was just talking about this from my recent post about 'change' in the market...

http://seekingalpha.com/article/2107633-when-the-facts-change-then-we-change-investors-should-consider-midas-golds-significant-upside

When Market Change...

What else could you do when the market reverses, except just accept what it do and what it does, like today's market. So when market 'change', you should 'change' too...no need to think further, by just looking at it, you know what it's going to do...

 
 
 
 

Sold ES @1860.00

Not a good sign, exited for a loss...that bar with a long wick tail sends a bearish signal..


Buy ES at 1861.25

 

Gold's Two 'h' Pattern

From this one-hour chart, I guess two 'h' pattern  is enough, a third one is too much? What do you think Gold 'diggers'? I guess for today's session, a sideways or third drop is the battle, but by Wednesday and Thursday, a consolidation for the hard bounce is expected. Let's see.

Tip Alert: Crude's Possible Upside

Shown is the one-hour chart of the Crude prior to Calendar event(s) housing report by 10 am ET. I guess based from this chart, a possible upside for the Crude is possible. Two consecutive 'Darvas' box? is the basis for my observation.