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Gav's trading blog - Perseverance, Consistency, Confidence

Gav

Dummy day trading #2 01-August-2006: Mini Dow: Short trade closed

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Short position of Mini Dow was established at 11134 with initial stop at 11152. Trailing stop was moved to break even point after 1-R gain was achieved at 1117. Mini Dow made a small rebound back, and my trailing stop was triggered! That's today's trading. One trade closed, with no gain. I am thinking if I am moving stop to break even a little too early. Anyway, that's the plan.

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Here is the full picture of the day

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SG Futures market 01-August-2006

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Looking at the 15-min charts of both SIMSCI and TIMSCI. There is nothing really interesting. No clear intraday trend and no setup for day trade. The best decision for today is not to trade.

MSCI Taiwan Index (TIMSCI Futures)

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MSCI Singapore Free Index (SIMSCI Futures)

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Slowness

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If you are reading this entry, you might have encountered some slowness on my blog today. I was trying to figure what?s going on here. Anyway, I have checked out the reason with my hosting firm. In fact, they were working on some upgrading in order to improve the response time. Hey, I am pretty impressed by their prompt reply and customer service.

Now everything should have back to normal. It is interesting to have my own domain. Warn you, there are some works to do to maintain it.

SG Market recap 31-Jul-2006

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Futures is down a little now. Before we get started a new trading day, let's have a look at STI (Straits times index) ended 31-Jul-2006. It is interesting to see STI managed to closed both 50-day and 200-day moving average. And in fact, it closed above recent downtrend line, which appeared to be an resistance area before. Earning season is yet to be over, price action of STI seems to be better for August. I am very keen to see if it manages to advance further above current level. [photopress:STI_31_jul2006.jpg,full,pp_image]

Dummy day trading #1 31-Jul-2006: E-mini Nasdaq composite: Long trade closed

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I was looking for Nasdaq-100 futures to move up further to resistance level around 15550. A nice setup during the opening, I have decided to get LONG above inside bar. Bull failed to impress further and my intial stop was triggered with 1.13-R loss.

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Full picture after market closed

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