Short position of TIMSCI was established at 258.2. Initial stop was set at 259.8 which was subsequently triggered. One trade closed with -1.6 point loss which converted into -1.37R loss (uh! ugly). I should not have allowed the trade to be place since the initial risk was more than 1R. What was going on here? […]

Day trading view: TIMSCI is having some upward movement in an existing downtrend. I am not interested in chasing the bull. Instead, I am looking for opportunity to establish short position if the downtrend is not violated. SIMSCI, bearish. Nice downtrend. It is likely to trade above 2,000 contracts in the first hour trading. I […]

Ahead of another new week, here is an great article to prepare myself. Master the Four Fears of Trading Merriam-Webster’s dictionary defines fear as “an unpleasant, often strong emotion caused by anticipation or awareness of danger, going on to explain that fear…implies anxiety and usually the loss of courage.” This definition of fear is useful […]

TIMSCI short position of 263.8 is covered at 262.1 which was a planned target. In fact, a descending triangle was formed. and the calculated target for descending triangle was around 262 as well. I might missed out bigger profit, however, I would prefer to take profit based on planned target level. One trade closed with […]

From 15-min chart, downtrend is established. MSCI Taiwan index futures (TIMSCI) is trading below 12-p, 21-p and 30-p EMA. I am only looking for SHORT position. Short position has been established at 263.8. I have removed all indicators but moving averages to keep myself clear and focus on price action and trend only. I do […]