'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 29, 2010

Observe & Trade


Reacting to negative news today and shorting the market in the opening makes a nice quick paycheck.

Like this 5-min. chart from DJ-30 which is identical to YM in the e-minis.

Taking trade by just observing the market is better that analyzing.

Trade what you see as they say.