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

Sunday, August 26, 2012

Friday's Market Trade

The market gap down last Friday's open and made a nice consolidation above the support (S1).

It made a "u" turn from thereon opening for a long trade.

Exit is at the close or within the resistance (R1).

 

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