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

Tuesday, May 15, 2012

Tuesday's Trade Setup

The market zigzag today and can't find any probable trade almost the whole trading day.

Except in the last couple of hours before closing wherein it shows a clear short trade.

Soorting the market as shown form the top arrow and covering the position into the close is the only trade I can spot from today's market.

It's a pretty hard market today, considering the participants are at a loss if the take a long or short position.

Let's wait for the FB's IPO, maybe the market will surge.