'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, April 23, 2012

QQQ (NQ) Short Trade Setup

The market tumble today and made a short quick entry from this 1-min. chart of NQ Futures similar to QQQ etf.

In this kind of market environment, applying quick trade is the only way to take the market offers.

The short entry was at the upper arrow and the cover position is at the lower when it tries to recover.