'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


Showing a 5-min. chart from QQQQ that can relate to e-mini NQ.

In here, you can place two low risk trade.

From the opening, you can put a short trade due to the negative news coming from overseas.

And after settling down with the trader's indecision, you can enter on long trade in the closing hour as shown.

That's trading, it is about waiting!