'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

Trade is gaining ground, looking to exit at 12130...let's see if it will work...
A pattern like this usually breaks out till the conclusion of the market, let's see if it will...just bought one contract at 12090...

By Barry Ritholtz - December 7th, 2011, 10:30AM
A friend sends this quote, which I really like but have been unable to verify:

“Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.”-Jim Trotter
Can any one confirm that is a real quote by Mr. Trotter?
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.