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
Stop adjusted to break even at 11320...
Putting sell limit at 11350...targeting 30 points...
Buying YM at 11320 on long with a stop at 11300...
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...
