'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 29, 2011

YM is zigzagging as shown from this 5-min. chart.

That's it for today...trading session is adjourned...trading will resume tomorrow...
Stop got hit for a break even...I guess stop was put too close early on...it was a good trade anyway...no loss...
Putting sell limit to 11624...
Trade looking good...moving the stop to break even at 11580...
Will take another trade for the YM at 11580 with stop at 11560...
Showing the trade setup entry and exit that was just conducted.

The entry was at the lower arrow and the exit was at the upper arrow.

Showing the 1-min. chart of the DIA etf similar to YM futures.