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

Friday, July 27, 2012

Thursday's Trade

The market gap up in the open Thursday's session only to lose its strength till the close.

The only viable trade is the S/R level reference.

The entry for long is at the R1 (the support) and the exit is at R2 (this time the resistance).

When it comes to this kind of formations wherein the market turn sideways, the best option in finding trades is the S/R levels.

Like this one!