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

Monday, December 27, 2010

Observe & Trade







I focused on the wrong instrument to trade today.

Whereas, if I explore the other instruments (TF; ES; NQ), I could have made a better trade.

I left my trading table after I exited my YM trade for I felt the volume was nil.

Anyhow, the three instruments made their nice decent move after that.

A very clear low risk trade on the three.