'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, December 22, 2011

The market closed barely just above its opening price from yesterday's trading.

Not quite convincing for the participants.

Partly due to the approaching holidays where most of the traders/investors are on vacation.

But looks like there might be some surprising moves before the year ends.

I can sense there is an upside breakout for the market, in the short term possibly.

But most of the big moves happened in the overnight session while the major participants are still snoring.

Let's see from today's regular what might be the reaction.

Wednesday, December 21, 2011

Sold at 12045 for gain of 50 points...
Putting sell limit to 12050...
Trade is gaining ground, move the stop to 12000...
Bought YM at 11995 for a long trade with stop at 11970...
Exited the trade at 12015 for a 25 points gain...
Put sell stop to 12033...