Observe & Trade*
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.'**
Monday, September 26, 2011
Will move sell limit to 10850 and the stop to break even...
Putting sell limit at 10820...
Will get back at 10720 with stop at 10690...
Trade failed, stop got hit, loss 35 points...
Putting sell limit at 10840...
Bought YM at 10775 with a stop at 10740 for a long trade...
The market is gaining ground as can be seen from this 5-min. chart of YM futures.
Can make a long trade today after a pullback from the open.
That maybe possible because the market is being pummelled the last two or three days or so.
Mr. Market seems ready to fight back.
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