'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 11, 2012

I guess a short trade is more appropriate...sold YM at 12350 with stop buy at 12370...
Suddenly the market turns to the downside...stop got hit just to offset the commission cost...gain two mere points...
Move the stop to 12370 to make it safe...
Bought YM at 12368 with stop at 12340 for a long trade...

Tuesday, January 10, 2012

The market made an early surge early in the open and bow down till the close.

Unless you can stay overnight and trade in the Globex, you cannot catch the big move.

Most often, big moves are happening in the overnight session.

Lucky for those in the Asian and European participants, they can easily swallow the real meat that the market offers.

Trade did not work out...lost 15 points...suddenly the tide turns to the other side...
Bought YM again at 12435 with stop at 12420...let's see how will it goes...