'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 28, 2011

Moving stop to break even...11190...
Put sell limit at 11300...
Bought YM at 11190 with stop at 11150...
See how the market behaves when traders explore any opportunities?

No matter how you analyze the market based from its current state of unpredictable directions, any kind of advance mathematical formulas, in my mind it is just a waste of research.

That's how I can size up the market.

There is no exact entry or exit price to trade the market, unless you do it by yourself.

The market is a self-understanding endeavor, to each is own to say the least.

There is no one who can teach you/us how to make money.

Because when the market is open everybody is struggling to make their own.

It's important to study the market based from self-understanding.

Market is a self/individual work, not necessarily relying from others.

Making your own trades based from your understanding is the best way to get involve in the market.


After the market got axed yesterday, it starts to bounce up as can be shown from this 5-min. chart from the overnight trading time.

It's just a typical profit taking operation by the 'short termers' in trading of what had happened yesterday.

It's another trading opportunity again for today.

Let's see what's going to happen...





Tuesday, September 27, 2011

The market (YM) went up climbing the mountain only to get tired and went on losing its sanity and just jump to the cliff with his head first.

That's how the market behaves today, very unpredictable.

It formed like an axe!

Lots of long traders got axed today...