'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, November 10, 2011

MASTERING THE DOW FUTURES, YM

Traded YM Futures in the Globex market at midnight Pacific Time and made 48 points.

The reason YM was traded in the Globex is that there is a tendency it might rally or compensate the losses it incur during the regular trading.

Dow Futures lost around 300 points plus in the regular trading.

Based from my studies, whenever it drops a big points in the regular trading, it will recover somewhat in the Globex.

Shown is the chart that was traded in the Globex, the entry was at 11769 and the exit was at 11831.