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

Thursday, October 13, 2011

Sell stop got hit...lost 30 points...the market is down...
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Bought YM at 11370 with stop at 11340...
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The market (YM) is down as of this time before it opens...

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Wednesday, October 12, 2011

The market (YM) made a hard move upward today as shown from this 5-min. chart.

My target sell limit at 11500 was met but it took a hard consolidation to get into that price level.

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Traded out at 11460...gain 60 points...
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Putting sell limit to 11480...
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Moving the stop to 11430...it's now gaining strength...
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