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

Tuesday, December 21, 2010

Observe & Trade




Shown in here from the two 5-min. chart what I was pointing out from my previous two post.

The TF moved by two points. Good for $200.00 bucks for a one contract.

YM moved by 20 points. That's a $100.00 bucks for a contract trade.

Very boring trading time due to "long waiting and no volume trade".

But it's worth, no noise!

Is trading during Globex time better that the market time?

Looks like it but needs a lot of coffee to stay awake!