Observe & Trade*
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.'**
Monday, December 5, 2011
Bought YM at 12157 with stop at 12130...
No sign of a breakout, volatility is high...
After exiting the trade, the market turns higher but in a very volatile fashion...HFT are stepping up...
Trade exited at 12140 for a gain of 26 points...suddenly it drops prior the open...no choice but to exit...
Market is heading higher prior in the open...
Might wait for the regular open to exit and find out the reaction of the market to see if it can exited at high price...
Trade is gaining ground...looking to exit the target price...
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