'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, October 7, 2011

The "failed" trade was not on the right timing, especially today it's Friday -  profit taking day.

All traders close their position.

But there is a tendency the market might move up later in the trading day.

Let's just see and watch.



Was early to put on a position to trade, failed to get a confirmation from 1-hr. chart and that is the big mistake.