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

Saturday, July 14, 2012

Friday's Market Conclusion

The market made  a nice smooth move upwards Friday after weeks of losses.

That makes the market interesting because of the opportunities it offers whether on the up-swing or low swing.

That's what traders prefer, they can exploit the markets breakout leaving the investors eating the dust.

Like this 5-min chart from Friday's market, the chart speaks for itself.

Buying at the pullback and selling in the close is the classic preference for the profitable traders.

No need for too much fancy indicators or expensive expert subscriptions to rely on.

Just monitor the price actions and the trend, whether uptrend or downtrend.

In this case, it's on the uptrend, trade what your see!