'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, May 11, 2012

Friday's Trade Setup

The market made a surprising/stunning move today.

It rises from the deep hole for it was sinking the last weeks.

Today's jumper move/trade was an opportunity to buy in the open.

Shown is the 5-min. chart with the entry for a long trade.