'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, December 1, 2010

Observe & Trade


The market was down and the only viable trade I can observe from the four e-minis I track is the Russell 2000, TF.

From this 5-min. chart, you can make a trade in the mid-trading day as shown.

Looks like a low risk trade considering how volatile is the market.

The other three e-minis are so volatile, YM; ES; and the NQ.