No trade today for there is no convincing setup/location to put an entry, except for some few shorts which are hard to execute per our trading skills.
The market today are for the HFT or the pros.
Not good for the small discretionary traders.
You will get chopped out!
Just wait when the market settles next trading day.
'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, December 2, 2011
The market is trending up after it zigzag from yesterday's regular trading.
It consolidates in the overnight session.
A positive jobs report was the reason the market is reacting positively.
A profitable signal to profit for the swingers who were able to position themselves last Monday.
Today's Friday trading will be the profit taking day.
Expect to make a sell off early in the open.
It consolidates in the overnight session.
A positive jobs report was the reason the market is reacting positively.
A profitable signal to profit for the swingers who were able to position themselves last Monday.
Today's Friday trading will be the profit taking day.
Expect to make a sell off early in the open.
Thursday, December 1, 2011
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