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

Friday, December 23, 2011

The market rolls...

Showing the concluding trade that was just conducted.

The entry was at the bottom arrow and the exit was at the top arrow.

Notice the entry was at the R1 and the exit was at the R2.

A perfect classic trade of support and resistance.

A smooth trade, no noise!

Probably the HFT are already celebrating their Christmas loot.

Sell limit got hit for a gain of 39 points...
Putting sell limit to 12174...moving the stop to 12145...
Trade is gaining ground...moving the stop to 12140...
Moving the stop to 12125...
Will take a long trade at 12135 with stop at 12110...