Was late to put an entry for did some important matters and the market rallied.
'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, December 6, 2011
Good morning fellow traders, the market is slightly trending up.
It might consolidate for quite a while because of the resistance at 200 MA.
Might be a good time to find the right location for a long entry.
Unless some big news that might influence the market, I don't see any big reaction from the participants.
Let's see how it goes and we'll just keep watching.
It might consolidate for quite a while because of the resistance at 200 MA.
Might be a good time to find the right location for a long entry.
Unless some big news that might influence the market, I don't see any big reaction from the participants.
Let's see how it goes and we'll just keep watching.
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