[photopress:SIMSCI_10_min_morning_1.jpg,full,pp_image] Again, I have decided to close the trade at breakeven point. 293, initial target was 293.5. This is the second day in a roll I exited a trade prematurely due to false signals in my exit setup and my mentality problem to move stop to breakeven point too early. I have done badly on […]
Archives for July 2006
RE: SIMSCI 04-JUL-2006: Long position
Long position has been established at 292.9.
SIMSCI 04-Jul-2006: Potential Long
I am looking for opportunity for possible Long position of SIMSCI today. Unless there is any surprising news released, I do not expect huge movement today. Sentiment is rather flat with positive biased. Setup is yet to be completed after first hour of trading.
RE: SIMSCI 03-Jul-2006: Short position: Trade closed
[photopress:SIMSCI_10_min_morning.jpg,full,pp_image] It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher lows again. Short position closed […]
Some thought on the ‘Waves’
I believe there are profitable Elliot wave traders out there. No doubt. Though I have never met any of them yet. In fact, I have met a lot of wave analysts, not trader. I am not an wave trader and I definitely do not have bad feeling towards these wave analysts, I just have the […]
SIMSCI 03-Jul-2006: Short position
Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.
