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

Sunday, December 5, 2010

Observe & Trade


From my previous post, I show the QQQQ chart which is identical to NQ e-mini futures stating that it is better to stay on the sideline for the market is in idle mode.

But as can be seen from this chart concluding the whole trading day was a different story.

It rallies at the last hour, meaning watching the whole market up to completion can make a "miracle"?

That means in trading, having to wait at the last hour makes a difference.