'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, September 4, 2012

Tuesday's Trade Setup

The market drops hard today due to unfavorable manufacturing report.

After the sell off, the market made a turnaround and recovers.

The best entry is from above the support when it consolidates.

As of this posting, the market is still recovering.

Exit the trade at your target price.