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!

Observe & Trade

YM is consolidating tighly (in the Globex) on small bars.

Seems ready to pop up before the open.

It is sitting above 20MA from my 5-min. real time chart.

It's the execution stupid!

It's the execution stupid!

Observe & Trade

TF market is consolidating tightly in the Globex as of this time.

All four main core indexes are moving upwards smoothly.

Looks like same scenario like yesterday.

I am particularly watching/trading TF partly because a one point move can make fast money ($100.00 for a contract).

That's why for a small move like that mean a big business for "us (me)" small retail traders.

Observe & Trade

Was not able to monitor the whole market up to the close today due to some personal issues.

Anyway, as I was looking all the four core charts today, I may conclude that there were lots of opportunities to trade.

It's just that I was not in the market from start to finish.

I missed a lot of opportunities.

Anyway, no excuses.

As they said, if you missed the first couple of hours in the market..."it's your fault"!

Part VII – Develop A Strategy for Buying | Prudent Trader

Part VII – Develop A Strategy for Buying Prudent Trader

Observe & Trade

It's a hard sell off in the market.

Looks like it won't recover from hereon.

Might stay idle (flat) for a while, maybe up to the close.

Though TF and NQ already risen from the "cave", but it is doubtful to make a move.

Might as well stay on the sideline.