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

Wednesday, December 22, 2010

Observe & Trade


Will short TF here with a tight stop.

Looks like it's going down further.

Tuesday, December 21, 2010

Observe & Trade


Showing the 5-min. chart from Russell 2000 (TF in the e-mini).

A very smooth upward move.

Missed the big move due to some personal issues and did not stay in the market for long.

It was in my screen before I traded NQ earlier.

By looking at it, its a sure long trade without any noise.

Major participants are already on holidays.

Part VIII - Develop an Exit Strategy | Prudent Trader

Part VIII - Develop an Exit Strategy Prudent Trader

Observe & Trade


Just got back from my trading table after I exited my trade from NQ to do some errands for my old man only to find out that the market went up smoothly.

TF made a big move as shown from this 5-min. chart.


Observe & Trade

Decided to exit NQ at 2230.25 to break even. Doesn't look good!

Observe & Trade


Feels NQ is a buy at 2230.25 with a tight stop below one point.

Observe & Trade

Waiting for the regular market trading time.

Shown previously are traded charts in the Globex trading time.

I'll compare how the regular and the Globex trading time differs.

Certainly, trading in the regular market is very volatile and unpredictable.

In Globex, not much participants but very "boring".

But comparing both, I prefer the latter cause that is where the sure money is.

Trading is to make money anyway, so better to get bored!