'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

Showing the concluding chart, it breaks out late in the trading day as I mentioned in my previous post.

Had I let the trade run before the close, a gain of 100 points plus profit is inevitable.

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That's it fellow traders, hope was able to share some trade inputs...in your wallet...
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Showing the chart pattern where trade was concluded, entry was at 12090 with the exit at 12130...

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Sold at 12130 for a gain of 40 points...
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Moved the stop to 12100...
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Putting sell limit at 12131...
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Moved the stop to 12080...
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