'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Monday, November 28, 2011
Showing this 5-min. chart of the YM Futures, which continues to go up.
Trading this kind of pattern needs a lot of confirmation considering the market is news driven.
Waiting for a pullback can be the best place to locate an entry.
But I guess the right place of entry is at around 11520 - 11525 for a long trade.
Let's see how it goes for a pullback.
Trading this kind of pattern needs a lot of confirmation considering the market is news driven.
Waiting for a pullback can be the best place to locate an entry.
But I guess the right place of entry is at around 11520 - 11525 for a long trade.
Let's see how it goes for a pullback.
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