'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, June 21, 2012

Thursday's Short Trade

The market was a little bit choppy early in the open.

But it shown a downtrend move when it crosses the S1 the second time.

That is where the most probable entry on the short side.

From thereon, it went down lower from S3.

I guess the participants are taking their profits.