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Scanning Order and Market Internals before Placing a Trade |
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By Alex Wasilewski
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April 06, 2011
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I've been asked before by traders to talk about what I scan on the screen before I decide to place a trade. There are many different items you can look at to gain more insight before choosing to take a trade. Here is how I setup my screen with different timeframes and charts.
*Please note that this video was previously recorded and price levels referenced in the clip are for demonstration purposes only.
For more from Alex, visit PureTick.com
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency. |
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This website is for educational purposes only. Offers and events from 3rd party vendors are provided for convenience only. Trader Kingdom is not responsible for the content of a 3rd party website or their services.
Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
