'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 21, 2011

Trade is gaining ground...move the stop to 11995 to make it safe...
Price action looks positive...will reverse the trade to long at 11990 with stop below at 11925...
The market losing its steam...shorted the YM at 11985 with stop at 12000...let's see if will work...

Tuesday, December 20, 2011

The market rallied today.

Santa still has money to buy the market, probably he uses his piggy bank.

Hopefully his money from the piggy bank will last till the end of this year in buying the market.



Monday, December 19, 2011

The market went down after a positive open due to some downgrade ratings issued by the S&P.

Plus some negative news that came from Asia.

Not a good sign for the market before the year ends.

Stop got hit for a break even...market is very volatile...HFT are in the market aggressively...
Cancel sell limit and move the stop to break even...will try to see the price action... possibly will hold the trade for a longer time frame...