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

Tuesday, December 21, 2010

Observe & Trade


Showing the 5-min. chart from Russell 2000 (TF in the e-mini).

A very smooth upward move.

Missed the big move due to some personal issues and did not stay in the market for long.

It was in my screen before I traded NQ earlier.

By looking at it, its a sure long trade without any noise.

Major participants are already on holidays.