'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

The market went down in today's trading.

I guess Santa had run out of money to buy the market.

He sold all his stakes and the bears are out there celebrating in time for the New Year.



Made a mistake of exiting my trade early for the market went down smoothly without any noise...what a big mistake...

The market drops...

Close at 12185 for a gain of 25 points...
Putting buy limit at 12175...
Shorted YM at 12210 with stop buy at 12225...

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.