'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, June 18, 2012

Monday's Market Trade

The market open below and made a stunning reversal within a few minutes into the open.

Buying at the previous close price level and sell an hour before the market close is the trade for today.

Not much quite volatile in today's market except a major pullback from the R1 level.

It retrace a bit but able to regain its momentum.

You can make a second entry from the pullback and can still make a decent profit if you were not able to catch the "meat" below.

That's why in trading, those who are patient enough to wait can still profit from what the market offers.

Just like this one!