'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, November 4, 2011

The market (YM) is on the idle level at this time from the Globex market as shown from this 5-min. chart.

A Friday profit taking trading today.

It might trade on the sideways as far I can sense unless there is a positive/favorable news out there that will send the market to the bullish trend.

Let's see how it goes in the regular open.