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 […]

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 […]

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 […]

[photopress:SIMSCI_10_min_1st_trade.jpg,full,pp_image] SIMSCI 2nd trade: Long [photopress:SIMSCI_10_min_2nd_trade..jpg,full,pp_image]

Second trade of LONG position was closed at 291.6. After seeing potential negatvie divergence fo MACD-H, failure swing of RSI, increasing in selling volume, and 12-p EMA failed to cross above 21-p EMA, exit decision was made. In addition, HangSeng closed in negative territory did not give me a good feeling of holding on Long […]