Target for the second long position is achieved at 291.7 which is below intraday resistance level.
Second trade closed with +1 point.

Trade summary:
Direction: Long
Entry: 290.7
Exit: 291.7
P/L: +1

Nikkei is running strong. I am watching for possible second trade in the afternoon session. That’s all for my morning work. Time for lunch break.

After the failure of first trade, I was looking at second opportunity. An ascending triangle was formed with RSI making higher lows and MACD moving above trigger line. Another main reason to go Long of SIMSCI was rally of Nikkei futures from its low opening. Nikkei managed to recoup its morning losses from -200 points to less than -100 point.

Long position was established at 290.7.

The pattern failed to move as expected, Long position of SIMSCI was closed at 290.2.
This trade was a mistake. I was focusing on pattern formation, and ignored the fact that 12-p EMA is still under 21-p EMA. In fact, setup was not completed.

One trade closed with loss: -0.1 point.

Trade summary:
Direction: Long
Entry: 290.3
Exit: 290.2
P/L: -0.1

After the failure of flag pattern, a double tops pattern is formed. I am watching for another trading opportunity.

SIMSCI futures managed to break above the flag formed since 920am. Long position has been established at 290.3. Intraday resistance seems to be at 292 area.

Well, that’s really too bad for France to lose in penalty. Alright, back to business.
As expected, SIMSCI again gapped down during open, but it is moving up now after opening low. Nikkei is losing more than -200 points. On news front, Nippon market is expecting rate hike in Japan this week.

There should be some actions on SIMSCI futures today, though I have not see a clear direction now. And of course, action can only be after my breakfast.

Today’s objective:
Trade with quality, not quantity.

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