Observing the stock market technicals and exploring opportunities to trade
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, January 10, 2012
Exited the trade at 12460 for a gain of 30 points (60 points for 2 contracts)...
Two contracts for YM at average price of 12430...
Adding another contract at 12420...
Bought YM at 12440 with stop at 12400...
The market is advancing to a positive territory as shown from this Globex overnight session.
Monday, January 9, 2012
The market made an initial move upwards early in the open only to lose its steam afterwards.
Tries to comeback after that just to finish and beat the high of the day.
A tough market to deal with.
Showing the 5-min chart of the YM Futures as the basis of the real time trade that was posted (a little bit delayed as compared to real time chart)...the entry was at 12304 and the exit was at 12335...
