CAFFEINATED MARKET
Many times you'll see the market just start moving strongly. Typically you
see some long candles and a series of them. When this happens I refer to this
phenomena as the market is "Going For It". Sometimes you'll see even more
dramatic candles that are really "Shooting" up (or down), and these I refer to
as "Shooting". I often refer to these phenomena as "Caffeinated" because to
me it seems like the market drank some coffee and woke up after a period of
slower movement. Take a look at these charts to see what I mean.
Notice that often these dramatic moves are temporarily paused with a
stagnation, and (as on the chart on the left) the stagnation can be a good time
to exit (joyfully taking your profits). The chart on the right is "Shooting".
This chart is still what I would call "Going For It", though it is certainly less
dramatic. Notice that it starts rounding off loosing steam near the top. This
one is certainly a nice rounded top.
You'll often be in a trade when all of a sudden, without warning, it just shoots
up (or down). It is certainly a pleasant feeling to have made a few hundred
dollars before having a chance to blink your eyes (depending on how many
lots you trade), I personally love it when it happens (and it happens
often). Usually "Shoots" happen in the direction of the prevalent trend after
some brief pauses in the market.
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