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

Sunday, February 3, 2013

Friday's Market Action

Don't have much things to post the past month or so mainly due to the choppiness of the market since it surge big time in the first week of January 2013.

From thereon the market turns to boring mode and if you are not used to it you will hibernate.

But that's how the market is, either you love it or hate it.

And if you lack patience you are not supposed to be in the market.

The market exploded last Friday's session after a month of consolidation.

The best bet last Friday's trading is to buy from the pullback in the open and sell before the close.

Big time money for traders last Friday's market.

I'm sure all of them are oozing in the bar after the market savoring their profits.

Let's see come Monday's session if there is a follow through.