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

Thursday, December 2, 2010

Observe & Trade


As observed, same scenario of the process of trading from yesterday's post.

Buying at the open can make a nice profit.

As can be seen from yesterday's 5-min. chart, after it skyrocketed in the open, it lies flat at 742.50 points.

Buying today at that same point is the right entry.