'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, September 30, 2011

Left my trading table after I set up my sell limit and it triggers for a gain of 60 points...my observation was right on the trade...
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Moving sell stop to break even, 11000...
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Putting sell limit at 11060...
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Will test the market on a long side at 11000 with sell stop at 10960...
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Buy stop got triggered...lost 25 points...not really a good day to trade...
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I can see YM is forming a head and shoulder pattern...a sign that the market is going down...
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Sell short at 10975 with buy stop at 11000...
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