'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, February 6, 2011

Observe & Trade









A very volatile market early in the open up to around lunch time last Friday.

TF made a double bottom or a "W" pattern.

YM and ES made a similar move.

NQ was the right one to trade as can be seen from tight consolidation.
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