Friday, 12 September 2014

Pink Floyd

A great group from the past whose great hit was "Another Brick in the Wall" 

Well, today's pic is just another brick in the wall of trading. As you all know by now, my day starts with "envisioning". Envisioning is based upon the past charts and the overnight activity. I then start with an idea of what is happening - this idea will be revised and adjusted as the market unfolds. The pic below gives a view of the usual first trade of the day. It's my favourite trade as I usually execute it very well. Trading markets that have an "overnight close" has an advantage as they usually open out of balance and that move into balance is a great opportunity. The Russell is a similar market. Although it trades overnight, the volume is then is very thin and the future is used to hedge in the RTH. Opportunity.

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