'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, August 2, 2012

Thursday's Reversal Trade

The market gap down today but made a dramatic reversal opening a long trade entry at S1.

To make a safe exit is at below the  R1 as pointed in the upper arrow.

Shown is the 1-min. time frame.

Nice reversal trade!


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