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

Friday, August 23, 2013

Friday's Crude Trade Setup

A powerful reversal from the Crude market today. Notice that bullish hammer followed by another bullish candle that exactly move up from the hammer candle's closed price. Capturing this kind of move needs a lot of attention from the price action, and you need a wider stop.