'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

Putting sell limit at 12571  and let the trade play itself...
Stop move to 12545...
Will try to exit at 12576 if possible...
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...