Observing the stock market technicals and exploring opportunities to trade
'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
Stop got hit for a break even...
Stop almost got hit...
Moving the stop to break even at 11270...
Buying YM at 11270 on long with stop at 11250...
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...