'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, October 28, 2011

Putting sell limit at 12185...
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The market, YM, starts to climb up the ladder...moving the stop to 12140...
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The market is consolidating tightly...a little bit choppy...let's see if the trade will turn out profitably...
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Moving the stop to 12131 to make a positive outcome in case the trade go south...
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Bought YM at 12130 with stop at 12110...let's see how it goes...
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Not a good sign...trade failed...lost 25 points...will wait for the next location...
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Putting sell limit to 12200...
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