'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Wednesday, November 24, 2010

Observe & Trade


Taking this 3-min. chart from Russell 2000 that can be relayed to e-mini futures TF.

This is a long trade.

Notice the base at 716.00 level and the 20 ema intersection.

This confirms that you can enter at that level with a close stop below.