'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, June 19, 2012

Tuesday's Market Trade


The market gap up today and the best entry is to buy at the pullback from the R1 as shown on this 5-min. chart.

The exit is at the R2 as shown in the upper arrow.

A very smooth upward trend from today's market.

The best trade today is to buy in the open, since the overnight session is all on the positive sentiment.