'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, September 19, 2011

Like what I've mentioned from my last post, the market (YM) might pop up before the close.

As can be seen from this 5-min. chart, it really pops before the market close.

The bears losses their ground.

The daily chart shows a bullish candle, let see by tomorrow if it will sustain the bullish traction.

Though the market is in the bear side, I can see that in the short term a bullish scenario is unfolding.

I might not post actual trade scenario in the coming days due to tight trading schedule.

It takes a lot of pressure showing real time trades when there are some trades that are being manage.

Will just post some trading ideas/analysis from time to time.