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

Wednesday, September 7, 2011

Just for my own observation and the way I can see the trend from my live chart, the market is on the positive trend. Buying long at the open (possibly on a pullback) and let it run till the close has the big potential of a low risk reward...that's how I can see...

Market is gaining ground

YM is gaining ground on this 5-min. chart...

Tuesday, September 6, 2011


Showing the second trade, enter at 10970 and got stop at 11000 for a gain of 30 points, $150.00.
Stop got hit for a gain of 30 points, $150.00 gain for a contract...
Moving the stop at 11000
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.