It is likely to see a choppy trading day for MSCI Taiwan and potential Long opportunity for SIMSCI, though I would prefer to confirm this after getting more signals, it might end up with choppy style as well. It is earning session again, let’s see how far can SIMSCI go. I will not trade in […]
Archives for July 2006
Market recap 18-Jul-2006
STI closed higher? Ok, it did. It closed higher than yesterday. Good news, it is still below 12-day, 50-day and 200-day EMA. I see some space to move towards recent low, which is 2277 aread. Nothing much about UOB Sesdaq. Still ding-dong between 50-day and 200-day moving averages. Just be patient to watch for development […]
RE: TIMSCI 18-Jul-2006: Short trade closed
It seems like things were not going so well with me this week. Yup, another losing trade today. Short position of TIMSCI was established at 255.6, stop loss has been moved accordingly and it was triggered at 256.8 at the last trading hour of MSCI Taiwan Futures for the day. It seems to be a […]
Futures trading 18-Jul-2006
After watching first half an hour action of TIMSCI (MSCI Taiwan), SIMSCI and Nikkei futures, I will be interested in looking at Short side of TIMSCI. Nikkei Futures is losing more than -200 points, it is a little bit tough for me to be bullish. SIMSCI is having some upward movement, however, I am not […]
Market recap 17-Jul-2006
It is not a nice picture for STI. It , in fact, failed to stay above 50-day moving average and closed below 200-day moving average. And it formed a lower high. It is a bit difficult for me to stay bullish. I would prefer to stay at Short side. In addition, looking at stochastics, it […]
RE: TIMSCI 17-Jul-2006: Short trade closed :chart
This is 15-min chart of MSCI Taiwan Index Futures (TIMSCI). It was easy to observe price set-ups were all for Short. I entered with entry and missing out good profit and taking silly losses. I have been reading money management stuffs from Van Tharp and other web blogs. Thanks to TraderMike who has a well […]
