'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, March 10, 2013

Friday's market trade

Friday's market was not that kind of a tradeable one unless you do scalping.

But i did find one that can be traded upon.

With the chart below, though this is after the fact, but at least we can find an education for future trading.

The market drops hard when it surge before the open but did find resistance within the pivot line.

Opening for an entry after the participants lunch break.

Notice the uptrend line, it shows a higher lows.

The exit is within the R1 level.

This is just for our educational trading development.