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

Thursday, December 16, 2010

Observe & Trade






Nice rebound today from the three core index market.

The market went down after the open but came back roaring after a couple of hours into the trading.

Notice the similarity of the pattern.

If one goes up, they will go up almost at the same time.
That's the advantage in trading the e-minis.

Just monitor to four index market and you can make a sure profit.

But trading is not just like that, don't trade just for the sake of trading.

Timing is important and pattern recognition is a must.

No confirmation, no trade!