'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, November 29, 2010

Observe & Trade


Showing a 5-min. chart from QQQQ that can relate to e-mini NQ.

In here, you can place two low risk trade.

From the opening, you can put a short trade due to the negative news coming from overseas.

And after settling down with the trader's indecision, you can enter on long trade in the closing hour as shown.

That's trading, it is about waiting!

Observe & Trade


Reacting to negative news today and shorting the market in the opening makes a nice quick paycheck.

Like this 5-min. chart from DJ-30 which is identical to YM in the e-minis.

Taking trade by just observing the market is better that analyzing.

Trade what you see as they say.

Sunday, November 28, 2010

The e-mini futures

Trading is all about finding the right niche based from one's individual skill.

It's all about where you're comfortable with.

It's about finding the right approach where your mind or intelligence fit.

There are many ways to explore the stock market but one has to find it's own way where they're suitable for.

It has a lot of considerations, i.e., like the time; (learning) skills and knowledge; capital; and the commitment of course.

But it all comes to what market has to be traded.

Comparing individual stocks; etf's or the futures especially the e-minis.

As for individual who trades by themselves (especially those at home) it is preferable to trade the e-minis.

In the e-minis, you just have to tracked the main four core of the market and if you want, just one market.

These are the S&P (ES); the Dow which is the YM; the Nasdaq (NQ) and the Russell which is the TF.

Selecting one of these four and mastering one market is the right approach as compared with the individual stocks or etf's.

Saturday, November 27, 2010

Keep trading

As experienced the system or the process of trading, one has to work on him/her self the "mind aspect" of any aspiring individual (in trading) to make a good successful trade.

And what are these mind effect or aspects?

I think they are the ones trader's "mind/thinking" during the trading scenario.

Like the trader's emotion - one has to learn to wait and find the right approach in putting a trade. This is hard, but that is trading is all about. Waiting for the right timing and spotting the right location that has a potential to make a gain.

It takes time to psyche oneself in trading, but the desire to make a good trade should be there always. It cannot be done in days or months, and possibly in years.

But I think and I'm sure it can be done!

It's just a matter of "keep" trying.

Wednesday, November 24, 2010

Observe & Trade


A smooth long trade as observed from this 3-min chart from Russell 2000 in relation to e-mini TF futures.

Absence of pros in the market at this holiday can make a good trade.

Less noise, nice profit!

Observe & Trade


The market went on a vertical leap today due to some positive reports.

And also the pros are out for the holiday and the real buyers are there to look for a bargain and went on a "shopping" spree.

This 5-min. chart shown is from QQQQ, aka NQ from the e-mini.

Taking the early buy from the opening can make you a decent profit without any problem with the volatility.

Timing the market is a must!

Observe & Trade


Taking this 3-min. chart from Russell 2000 that can be relayed to e-mini futures TF.

This is a long trade.

Notice the base at 716.00 level and the 20 ema intersection.

This confirms that you can enter at that level with a close stop below.