'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Wednesday, December 7, 2011

The market is showing some weakness as shown from this overnight session.

There are some not so good news that are coming from Europe.

I guess there might be some random movements in the regular trading.

Let's get to work and keep watching.

Tuesday, December 6, 2011

Showing the market conclusion today.

Overall, it made a nice move!

I can find two good setups here, the one at 1:00 pm. ET. and the other at around 2:30 pm. ET.

Those are low risk entry per our trading parameters.

Was out from trading today due to some pressing attention.

The market made a tight upward consolidation today and found some interesting setups.

Might be in for a next upward breakout and it takes a lot of patience to look for the right entry.


Decided to exit the trade at 12110...not a good environment...wait for the next trading day...
Looks like (the market) having a hard time getting up from the slump...it is consolidating tightly...
Looks like it pulls back...will add one more contract at 12118 with stop 12090...
Bought YM at 12135 with stop12115...