Today could present a good opportunity to go on long side in some cases but only for the day.
General market reading
One vital factor one must keep in mind while making a bias for the day is that many times or most of the times the news, factors, events that were initiated day before but whose effect was not felt at that particular moment may appear as a retarded effect. This factor can cause an otherwise perfect direction day to turn to other side and when that happens you should know if the trend continues after lunch.
To give you a clue on longer term in brief consider these days of June as of April of this year. Even though we do not seem to have any direction there are more possibilities of a bullish side as many people are expecting it. Yes there would be few bullish days during next few days but focusing only on general market indexes can be risky. There are opportunities but good for day trades.
If you must go overnight keep a watch on positions on 17th and 18th and possibly a stop loss or tighter control. In my personal reading 18th can be a very volatile and risky day. We should reach a peak around that time or between 21 to 23 June.
There is an element of unexpected or anything-can-happen time from 18th to 25 June so go with caution and focus on a few assets that are familiar to you.
Frankly for a day trader focusing on day's energy is very important.
Key hours that could trigger reversals or some worthy moves
June 15, 2010 9:05 AM CST 10.05 est
June 15, 2010 9:52 AM CST 10.52 est
June 15, 2010 10:45 AM CST 11.45 est
June 15, 2010 1:14 PM CST 2.14 est
June 15, 2010 2:48 PM CST 3.48 est
How to make real profits
Stocks: I am now studying selected individual stocks and focusing on them is much more interesting than just gambling or putting all your time on predicting general indexes trends. Real profits are not always possible by only doing indexes unless you are doing micro timing futures. To make it really consistent profits it is vital to specialize on a few stocks or sub-sectors that make sense to you.
I can help as I said before in giving an analysis that you wont ever find anywhere else. My analysis factors in some technical analysis too but if by your own tech
and or fundamental/basic analysis you have some assets post here and we could find key pivot dates in concrete. Of course general markets direction is important but real profits are made when we focus on few commodities that we specialize or sectors/sub-sectors of stocks that we understand.
Communication and feedback
I know blog writing is a passive business but some interactivity is essential or necessary as this blog is shared between us to exchange some views too. I do not believe in reading too much or too many channels, media, sites. I will even suggest to avoid reading common or very popular trading sites specially the views as they always confuse real traders mind.
Focus on methods that always give you consistent results. Read others just to clarify any doubts.
I believe in looking at news, views and bla bla to see what others think but all this must be filtered and keep the junk away to form a real pure opinion.
It is also important to plan in advance to succeed including for day trades.
I invite you to post your views, ideas or suggestions on specific assets and we will analyze them. My view can give you 70 to 90% of more probability thus adding some value. If I see confusion or doubts I say so.
Wishing the best for your success in trading. It is most important to keep your portfolio alive and in balance. Some losses are at times good because we prepare ourselves better. Idea is to not over trade but trade wisely.
BP: I still dont see much chance but 23rd June to 25th June can produce some change so watch out just before that.
Gold: Not yet.
Comments: Thank you Mbeider, Gin, Yushan and Reza for your positive thinking and good vibrations. Thank you for your encouragement and feedback.
+ Please ask inquire suggest or answer specific questions on the general aspects or specific assets. It will help you and a few others. When a few other people benefit from your suggestion you get a vibratory credit somewhere that ultimately helps you.
+ You may like to read comments for Forecasting and analysis on many key commodities or assets/stocks.
+ If you want to quote this blog on any forum please kindly quite the whole URL http://astralguide.blogspot.com
I moved to http://smartvolume.wordpress.com
-
It was a pain to work with blogspot, yesterday I gave up.
So. here is the link:
http://smartvolume.wordpress.com/
Good luck!
1 year ago
Posts
TIP : If you have any longs I will suggest that you cover them or protect them on 17th At about 10 AM cst or 11 AM est.
ReplyDeletethank you so much for the valuable input~~ ur timing is always very useful.
ReplyDeletecan i ask if you have any comments on the oil prices?
Dear Yushan
ReplyDeleteIn fact Crude oil has been bit isolated from the main markets for fundamentals but Crude should remain strong from today till 17th.
Then there is a spike on 22 to 24 June BUT any wise trader must cover by 24th or a deep valley awaits from 25th.
Hope you can benefit from this information. However be very careful because oil is fire energy and it moves fast and drops faster than anything and in the process can burn too.
NATURAL GAS
ReplyDeleteIt would be good to get out of any position today. I had UNG sold at minor loss. Purchased as a test in April. I know technically NG has great indicators but its a very slow play.
thank u astralguide~~ today indeed is a very positive day, both index and oil up a lot. I know Jupiter co-operates with oil, and ur comment confirmed its up trend recently. look forward to more of your comments on market. xx
ReplyDeleteThanks astral
ReplyDeleteMy comments FWIW
I used yesterdays rally to start shorting near the close and will add if we see any upside today/tomorrow. My next bottom pivot date appears to be 6-23/24, which is also the fed announcement.
However, the end of June might be a basing period as I see another hi in mid July.
Again FWIW and all that.
Hello Gin
ReplyDeleteThat was a good move. To short it may be good idea to wait and see specially 17th. Your projected dates are pretty close.
For July we will have to tread carefully. Let us think about it.