[photopress:SIMSCI.jpg,full,pp_image] Ok, this is another ‘do-nothing’day for SG market. There is no rewarding entry level for SIMSCI. It opened high with impressive +8 points gain, however, it was drifting down subsequently and staying flat for the whole trading day. Here I am showing how ugly is the SIMSCI 10-min chart for the day.
Archives for June 2006
SIMSCI 30-June-2006: Potential Long
A three digit gain in DJ. Nikkei gains more than 300 points in the first hour of trading, SG gains around +8 points, pretty bullish day. I am watching for any possible entry to Long SIMSCI. With this type of big gap opening, patience is needed if one is to day trade. It might end […]
No trade 29-June-2006
I did not have any position for TIMSCI today. It was rather volatile and boring. It failed to complete my setup. In fact, after watching TIMSCI for the past few days, I found that it is a little bit tedious to trade this index. Price action goes wild frequently. No setup for SIMSCI. I guess […]
Trading for 29-June-2006: Potential Long TIMSCI, Pattern Pending SIMSCI
Sentiment is rather flat with positive biased. I see the possibility to Long TIMSCI today. After first hour of trading, a ascending triangle is being formed. Setup is yet to be completed. I am watching for possible Long entry. I am slowing down myself in trading SIMSCI futures. Instead of sticking my mind to look […]
TIMSCI 28-June-2006: Long trade closed.
I was looking at TIMSCI this morning. With 3-digits closed of Dow, TIMSCI opened low this morning. After first hour of trading, a descending triangle is formed in 5-min chart. I was looking at SHORT entry at 265.8. I pulled out my sell stop order, as realising RSI formation was not in my favour. I […]
SIMSCI 27-June-2006: TIMSCI looks better
[photopress:TIMSCI_5_full.jpg,full,pp_image] I am having some problem day trading SIMSCI. I should say, it is a little bit difficult to find trading opportunity within the day. First problem lies in volume, for example, in the first two hours of trading today, less than 1000 contracts were traded. Secondly, intraday volatility is not impressive enough to generate […]
