This is a quick trade. My target for short position was reached at 290.7 which is the top of intraday support area. One trade closed with +0.7 points gain.
chart will be posted later.
RE:SIMSCI 07-Jul-2006: Short position
Short position of SIMSCI was established at 291.4 after a descending triangle is formed. Close trailing stop is used as market is rather undecisive
SIMSCI 07-JUL-2006
‘You lost some, You win some’, that was what happened to DJ. It lost around -70 point previous days, and gained around +70 points last nite.
In the first hour of trading SIMSCI was undecisive. I have yet to see a clear direction for today.
Take stock 07-Jul-2006
I am pretty lazy in stocks trading. One interesting counter appears in my screen.
China HongXing.
It shows me some good price setup to LONG for the coming week.
RE: SIMSCI 06-Jul-2006: Long trade closed:Chart
[photopress:SIMSCI_10_trade_closed.jpg,full,pp_image]
RE: SIMSCI 06-Jul-2006: Long trade closed.
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.
