'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 17, 2012

Stop got hit for a loss of 15 points...I guess the market run out of steam...
Need to move stop to 12465...
I guess the trade will last for more hours...maybe till the close...
A pattern like this usually stays idle till the close.

A lot of shaking going on right now...stop is holding ground...
Bought YM at 12480 with stop at 12450...let's see how it goes...
The market (YM Futures) is advancing smoothly from this (chart) overnight session from the Globex.

It now advances by 100 points plus.

As always, the market make its big move in the overnight session.

Lucky for those from the overseas participants.

I guess it might not make a big move (anymore?) in the regular open, if it does, timing is important to place an entry.