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.'**
Thursday, September 8, 2011
Will watch YM (DIA) for a pull back and observe if its going to make a move...
Wednesday, September 7, 2011
The market rolled...as I observed buying at the open and close it at the end of trading offered a low risk trade...
I was right with my observation that the trend for the day is on the upward...buying at the pullback in the open and monitor the trade till the close is really a low risk trade...
Hmm...YM went up to my target price at 11350...decided to traded out my position since I left my trading table to do some important errands...I should have just let it go...
Trade out at 11312...don't see any upward...gain at 32 points for $160.00 bucks gain...
Moving the stop at 11300...limit sell at 11350 stays...
Putting a limit sell at 11350...and moving the stop at 11290...
