Observing the stock market technicals and exploring opportunities to trade
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, November 1, 2011
Move stop to break even at 11675...
Bought YM at 11675 with stop at 11640 for a long trade...
Trend reverses and the stop buy got hit for a loss of 35 points...
Sell short YM at 11665 with stop buy at 11690...
Stop got hit for a loss of 70 points...the market (YM) suddenly drops hardly in the open...
Initiating a position in the Globex market for YM at 11670 with stop at 11600...let's see if it will resist from there and bounce in the open...
The market (YM) is dropping as shown from this 5-min. chart in the overnight market from the Globex. Let's see in the regular open if it will continue. A Halloween market day...
