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

Saturday, December 11, 2010

Observe & Trade


Showing the trade completion of Russell 2000 (TF) today from this 5-min. chart.

Entry at 768.60 points on long.

Exit at 777.00 points for an +8.4o points gain.

TF moves $10.00 per 0.10 points, that equals to +84.00 points.

That amounts to $840.00 for a one (1) contract trade.

Not bad for a one contract trade!