'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, January 4, 2012

Putting sell limit to 12340...
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Volatility is in the works...
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Bought YM again at 12310 with stop at 12300...
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Exited at 12320 for a gain of just 25 points...
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Moving the stop to 12265...
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Bought YM in the Globex at 12295 with stop at 12258...
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The market gap up in the first trading of the year and stay that way till the close.

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