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

Tuesday, November 23, 2010

Observe & Trade


The market was down again today due to negative news coming form Europe and the tension in the Korean peninsula

But for us, traders, we don't care what's the news.

We care only the charts that unfolds every trading day.

We are always looking for an opportunity based from our observation.

Like this chart from QQQQ that can relate to e-mini futures NQ.

It's a low risk short trade.