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

Thursday, October 6, 2011

Don't have that much time to concentrate in the market today due to lots of interruptions.

The market made a nice move today after the pullback in the open.

My earlier analysis was right on the trade, a long trade after the pullback really made it happened.

The right entry is at around 10:00 am. CT at a price of 10810.

Notice the long legged doji candle almost exactly at that time was really the reversal.

By watching the market closely, you can really spot how the market moves/behaves.

But that takes a lot of time to practice plus the patience in watching the market.