January 3, 2012

12/30/11 Session

Important things first:

To all my readers, I wish you a healthy, happy, spiritually enriching as well as prosperous year 2012.


No trades on 12/30.

Order for 01/03/2012 session:

Buy YMH12 @12,252 with 12,234 stop and 12,288 take-profit.
(Weekly R1 resistance @12,250; gap open @12,352; order entered 01/03 @8:07 am ET)

[ For some background and a disclaimer, please read this post and especially this post. ]

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