[photopress:simsci_full_day_1_2.jpg,full,pp_image] I am twisting my mind again. After closing a lossing short position, I established a long position at 277.3. I did not expect this as a strong run, my profit taking order was set at 278.2 which was triggered around 230pm. with strong presentation in 9-min chart, most likely I am missing out some […]

SIMSCI futures [photopress:simsci_morning_9.jpg,full,pp_image] Before SG market went for lunch break, I have decided to close my SIMSCI short position with a loss at 275.7 even though planned trailing stop was at 276.2. There were signals that contributed to this exit decision. From 9-min chart of SIMSCI, a positive divergence was observed, and it was , […]

Short order is set at 275.1 level and it was triggered. Lower highs are observed with flat HangSeng. I discounted chances of strong rebound today. Market sentiment shows a flat with negative biased. Intrady Nikkei futures shows a downtrend is being formed as well.

DJ made a come back and closed +7 point after early loss. Some analyst starts calling bottom. I am holding a different opinion. It is still to early to define bottom. Back to day trading business, I am not bullish about SIMSCI today. In fact, it opened high, and subsequently trading below day high in […]

[photopress:simsci_full_day_1.jpg,full,pp_image] At 130pm local time, Nikkei Futures has lost -600 points. This is bearish. I was looking at short SIMSCI at 275.3. The support of market crashes seems to be getting stronger. It was too fast, too furious. With Nikkei losing more than -500 points, the weaker SIMSCI followed with panic. My short order at […]

With DJ sank below 11,000, it is expected to see negative opening in Nikkei then followed by SIMSCI. At this point of time, for intraday time frame, downtrend is being defined. I am looking for price setup to complete in order to establish short position for today.