'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

A "pork" choppy market today as shown from this 5-min. chart...

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Exited the trade at 11190, gain of 50 points...
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YM is surging...moving stop to break even, 11140...targeting sell limit to 11200...
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The market is basing between 11090 and 11150...

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Get back at 11140 with stop at 11110...
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Traded out at 11220, it drops suddenly, just gain 30 points...the market bows out suddenly...
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Reducing my limit sell to just 11250...to much high for the 11300, it's too "vertical" for a short range...
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