'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, January 12, 2011

Observe & Trade



Showing the 5-min. chart from YM (DIA) and NQ (QQQQ) that was just traded.

The market gap up and bought for a long trade when it drops after the open.

Amateur open the market, pros take the opportunity!
Took 7.25 points from NQ ($145.00) and 25 points from YM ($125.00).
Not bad for less than an hour of watching.