'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

Was out when i set my buy limit and the trade made a reversal for a lost of 20 points...short trade did not work out...will buy the market again at 12370 for a long trade with stop at 12350...
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Will let the trade play by itself and will put a buy limit at 12320...
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I guess a short trade is more appropriate...sold YM at 12350 with stop buy at 12370...
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Suddenly the market turns to the downside...stop got hit just to offset the commission cost...gain two mere points...
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Move the stop to 12370 to make it safe...
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Bought YM at 12368 with stop at 12340 for a long trade...
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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.

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