'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 12000...
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Bought YM at 11995 for a long trade with stop at 11970...
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Exited the trade at 12015 for a 25 points gain...
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Put sell stop to 12033...
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Trade is gaining ground...move the stop to 11995 to make it safe...
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Price action looks positive...will reverse the trade to long at 11990 with stop below at 11925...
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The market losing its steam...shorted the YM at 11985 with stop at 12000...let's see if will work...
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