'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

Trading ideas


Just to show this 3-min. chart from TF wherein the "h" pattern I pointed out in my previous post about the short trade.

Notice the previous close was hit then it bounced.

That was the sign to exit the short trade.

Though it can also short from the R1 but the most probable to confirm was at the "arc" on the "h" pattern.