'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

Moving the stop to 11505...I don't see any breakout...
Looking to exit at 11550...
Trade bounce back...gaining its ground...
Trade still sitting above 100 MA...still has a chance to bounce back...
Trade is fighting for dear life...the momentum is waning...bracing for a disaster...
Moving the stop a little bit below the 100 MA at 11490...to make it more leeway with the volatility...
Adding one contract position at a price of 11510...