No trade was done for SiMSCi and TimSCi today. It was indeed an boring day, though SiMSCi did have a spike at the last 15 min before market closed. Dow futures was down at the opening, and subsequently spike up. Bulls did not hold the strength, intraday downtrend continues. I am watching for possible short […]
Archives for July 2006
Dummy day trading 25-Jul-2006
Good morning! I am a silly person. I like to think too much and make things complicated. My objective today is to keep thing simple. Alrite, 3-digit gain of DJ pushed gaps up around Asian markets as expected. I am looking at the tone of regional markets. Pretty positive, Nikkei gains near +300 points and […]
Change
I have made some major changes to my system after studying and reading books and blogs recently. The change was not caused by recent losses, after all, I am still in pretty nice profitable situation. 🙂 The reason behind this change is the seek of simplicity. Yes, I was in fact confused by my own […]
TIMSCI 24-Jul-2006: Short Trade closed
[photopress:TIMSCI_10_min_trade_closed.jpg,full,pp_image] Short position of MSCI Taiwan index futures (TIMSCI) was established at 259.1. Initial stop loss 259.6 was triggered with 1-R loss. “The wrong way to play it would be to attempt to ?pick a bottom,? or fade the market; blindly enter short without waiting for a good spot; getting short without setting a stop, […]
Day trading watch list: 24-Jul-2006
First hour trading shows a pretty clear picture for SG futures market. Here is the summary. At this point of time, I would only looking at Short opportunity. Intraday Trend MSCI Taiwan Index Futures MSCI Singapore Index Futures Longer term Down Down Medium term Down Down Short term Down Down Recent High 261.1 278.8 Recent […]
Mini Dow & Gold futures: Short opportunities.
Mini dow was having a negative opening, and subsequently moving laterally. There was opportunity to established short position, however, with tiny profit. The risk of being stopped out was high. Gold reversed its initial movement after positive opening. Intraday trend turned down. Shorting opportunity apeared.
