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Tuesday, January 12, 2016

TODAY ANALYSIS

European opening has finished for me with 0 trades.

Today, professionals are not in the game. We can see them with the volumes; for my opinion bars of volume from 600 contracts are the interesting ones for us; because they show us WHERE is positioning the professional.

Besides the absence of the professionals, price has not broken any zone. We have a bullish trend but with no intention (we need big volumes and violent price movements; just like the examples I posted previously).

This, for my trading plan, means "hands up", no trading zone.

We only trade days of clearly trend (bearish or bullish, it doesn't matter) and we operate the stronger side; if the context and the volumes are favorable to us.



As you can see, volumes in 1m timeframe with 500 contracts or less, are not the best scenario to put your money at risk.

We remember our monthly target of 100 points to live of this activity.

Current points January: 31,50 points.

Thank you for reading and good trading.

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