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

Wednesday, November 24, 2010

Observe & Trade


The market went on a vertical leap today due to some positive reports.

And also the pros are out for the holiday and the real buyers are there to look for a bargain and went on a "shopping" spree.

This 5-min. chart shown is from QQQQ, aka NQ from the e-mini.

Taking the early buy from the opening can make you a decent profit without any problem with the volatility.

Timing the market is a must!