'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 28, 2011

Showing this 5-min. chart of the YM Futures, which continues to go up.

Trading this kind of pattern needs a lot of confirmation considering the market is news driven.

Waiting for a pullback can be the best place to locate an entry.

But I guess the right place of entry is at around 11520 - 11525 for a long trade.

Let's see how it goes for a pullback.