'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 19, 2011

Observe & Trade






The market is in the red today partly because of the news about the iPad creator.

Showing the 5-min. chart from the three leading core markets.

The Dow (YM) was not that smooth to trade today for its bubbly.

TF, NQ and the ES were on a smooth ride to the bottom.

Trading any of them in the open can make you a nice paycheck for the day.