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

Monday, October 10, 2011

The market (YM Futures) is gaining ground from this 5-min chart from the Globex market.

Looks like a positive outcome today is possible due to some encouraging news coming from Europe.

The best way to trade for a long position today is to wait for a pullback after the open and analyze the price action.

Gauging the S/R price is the right area to put on a trade.

Let's see the action if there is a probable to trade, otherwise, we'll stay on the sideline.