'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 22, 2010

Observe & Trade


The market was down today and showing in here on a 5-min. chart the DIA etf that can relate to YM e-mini futures.

There are two possible low risk short trade here as can be observed.

The descending 20 ema can be based as the confirmation and also by just examining the trading scenario as it unfolds.

Trading is a matter of observing the market movement.

And from there you can base your right entry.

Just take a look at this chart and see how it can easily? make a trade!