Well, to be exact, I missed an excellent Short entry for both SIMSCI and TIMSCI this morning. I was away from my screen. I see another possible short entry for the afternoon session, though I have not seen a complete setup yet.

After Germany’s exit from world cup tournament, I had a big plate of spaghetti for my breakfast. Back to business, U.S market was closed for Independence day, mostly clueless asian markets are likely to be a little bit quiet. Well, at least, SIMSCI had a small gap down this morning. I am not bearish for […]

[photopress:SIMSCI_10_min_morning_1.jpg,full,pp_image] Again, I have decided to close the trade at breakeven point. 293, initial target was 293.5. This is the second day in a roll I exited a trade prematurely due to false signals in my exit setup and my mentality problem to move stop to breakeven point too early. I have done badly on […]

Long position has been established at 292.9.

I am looking for opportunity for possible Long position of SIMSCI today. Unless there is any surprising news released, I do not expect huge movement today. Sentiment is rather flat with positive biased. Setup is yet to be completed after first hour of trading.

[photopress:SIMSCI_10_min_morning.jpg,full,pp_image] It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher lows again. Short position closed […]