'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, February 11, 2011

Observe & Trade









The market went upwards today, seems an abnormal reaction.

Usually a Friday profit taking.

ES, NQ, and TF were all made a smooth ride.

Buying any of them in the open and close it at the end of trading day can make you a big buck.

YM is the only instrument that did not go for a smooth ride.