'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, January 19, 2012

Still in the trade...almost got stop out...

The market is consolidating tightly...looks like trying to get a thrust for a breakout...
Move the stop to 12535...
Trade is holding ground so far despite the shakeout...

Bought YM at 12540 with stop at 12525...
The market is on a roll since 2012 open its first trading day.

A good sign for the market and seems the participants sentiments turns now to positive.

The last two years was a struggle for the investors (long term) and traders (short term) were the ones loving the market.

In the market, you can be both, it's just about how you understand and implement what you know about the markets.

The chart below shows the daily trend, and the way I can implies seems the market will continue its trend the whole year?

That's a daily question unless the perception of the participants changes with regards to market environment.

But for traders, the focus is on a daily basis.


Wednesday, January 18, 2012

The market finish high today.

The bears are no longer in control?, only in the short term maybe.

Nasdaq and the S&P futures market were on a smooth ride upwards today except for the Dow (YM).

The Dow struggled today in mid-afternoon trading and barely get off from its back.