'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, December 29, 2010

Observe & Trade


No convincing trade today from the market (ES; NQ; TF) except this one from YM.

Though not quite tradeable, but there is a potential of probability because the consolidation is above the 20MA.

Other than that, a potential short appears before the close.