'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, February 2, 2012

The market is on the sideways from the open then drops through mid-trading day.

Looks like the market is suffering from exhaustion and needs some breather.

A choppy trading today where the play is to scalp the market opportunities.

Unless you can watch/read the markets, you cannot make a trade.

Watching the market movement intently and reading the minds of the markets is where you can make a good setup/trade.

It takes a lot of patience!