'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 28, 2011

Shorted YM at 12210 with stop buy at 12225...
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Tuesday, December 27, 2011

The market fails to recover from its downside after it surge in the open.

It just turn sideways after it retrace 50% from the high of the day and finish below its opening price.

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Trade close at 12250 for a gain of just 21 points...
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Looks like it is trying to make a comeback...

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YM is now consolidating tightly...not much noise...participants are still on holidays..
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Moving the stop to break even at 12229 to make it safe...
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Will get back YM at 12229 with stop at 12220...
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