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

Friday, December 10, 2010

Observe & Trade


After intense battle in the opening today, the market settles a bit and this chart from Russell 2000 offers an entry for long.

It's a profit taking day (today, Friday) that's why traders wants to go home with profit.

ES and YM were so volatile early as well as NQ.

TF not much, maybe few participants are still trading (playing) this instrument.

Looks like TF is more quiet to trade than the three.