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

Monday, November 12, 2012

Monday's Trade Setup

The market was on a slow movement today partly because of the holiday (Veteran's Day), most participants are on vacation.

For the trade today, the market seems it will continue its downside momentum when it opened high only to lose its fire and made a flat consolidation below the settlement price.

Opening for an opportunity to buy within the ma's crossover.

The exit is pointed above (with an arrow).

Patience needs to exercise with this kind of trade.