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

Tuesday, September 6, 2011

For the second trade, buying YM at 10970 with a stop at 10940...

Today's trade

Showing here the 1-min. chart of DIA which is similar to YM futures.

Enter at 10960 and exit at 11020 for a gain of 60 points, $300.00 bucks for a contract.

Exited @ 11020 for a gain of  60 points, +$300.00...
Buying YM at 10960 long with stop at 10900...
YM is dropping on this 5-min view...


The market is recovering

Monday, September 5, 2011

The market is down

The market was down with the Labor day session as can be seen with this 5 min. chart.