'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

Bought YM at 12090 with stop at 12060...
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...