'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, February 6, 2011

Observe & Trade









A very volatile market early in the open up to around lunch time last Friday.

TF made a double bottom or a "W" pattern.

YM and ES made a similar move.

NQ was the right one to trade as can be seen from tight consolidation.

Friday, January 28, 2011

Observe & Trade









A down market today due to Middle East problem.

A short trade in the open from any of the four core index is a sure paycheck for the day.

Monday, January 24, 2011

Observe & Trade









A dramatic surge from the whole market index today.

Any of the four core index can make money in trading today.