'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, January 2, 2011

Observe & Trade






Analyzing the multiple time frame for possible short trade.

Showing the 5-min., 3-min., and the 1-min. chart.

By scanning the multiple chart in real time, you can conclude to make a fast short trade on the 1-min. time frame.

A big consolidation on the 1-min. chart can be observed.

From there, you can make an entry at the pivot line and can exit at the resistance level R1.