'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

The market (YM) made a nice move today. It pullback from the open as I mentioned from my previous post.

Actually it made two pullbacks, the second one was the powerful.

It went up till the end of the trading day.

As mentioned from my other post, Mr. Market will rise up from the sickness.

It will come back anyway, no matter how the technicians/gurus can glorify their analysis.

Mr. Market will be there to give opportunities.

It's all up to traders/investors to exploit the offers.

Exited at 10860, gain of 140 points...
Move stop to 10800...
I am incline to move my limit sell 10900 till the end of trading day...move stop to 10740...
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...