After seeing another ascending triangle formed in the afternoon session, I went Long on SIMSCI futures at 291.3. Long trade was closed at 292.3. I do not consider this as a good trade, though It was a profitable trade. As my initial target was at 292.6 which was found as intraday resistance. I exited earlier at 292.3 when seeing spread goes wild. This is another psychological weakness of mine. I never good in read price ticks.

Another positive day for me. One trade closed with + 1 point gain.

Chart will be posted later.

I just can’t trust the stop order any more. This is the third time my order did not get executed and price moves away from my entry. An ascending triangle was formed this morning around 11am. I have set up a buy order at 289.5. Excellent, market moves up and hit a high of 290.3. And my order was not filled at all. I do not want to chase a trade, I cancel the order and leave the market. That was supposed to be a quick pattern trade. And I just missed the profit in this way.

I am watching for second entry opportunity. Of course, this time, only limit order, no more stop order.

Hear is the headline today:

“NORTH Korea’s launch of half a dozen missiles yesterday, including a long-range one said to be capable of reaching the United States, renewed security concerns across the region and beyond and raised jitters on financial markets.”

DJ closed with -76 loss. We have a gap down in SIMSCI, but it is moving up after that. Direction for today is still unclear.
I am watching for trading opportunity now.

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