After Nikkei gaining +400 points. I have established a Long position of SIMSCI at 282. SIMSCI does not seem to be strong. Closed trailing stop is placed.
RE: SIMSCI 22-June-2006: Potential Long
In fact, there were two opportunities to establish short position for SIMSCI at 1010am (281.7) and 1140am (281.3) , and these opportunities were proven to be profitable before lunch break. No action was taken as Nikkei and HangSeng were showing strong gain with more than 200 to 300 points gain. With positive regional sentiment, I would rather go Long or simply not trading.
SIMSCI 22-June-2006: Potential Long
It is a positive morning, with 3-digit gain in DJ last nite, both Nikkei and SIMSCI opened higher. Nikkei is trading near +300 point, while SIMSCI is trading around +4 point gain. I am looking for opportunity to enter Long position.
Paper Trade Series: Mini Dow 21-June-2006
It is a excited opening for U.S market. From 1 min chart of Mini Dow,there was a good setup for Long position. Mini Dow futures was trading above 10, 15, and 30 period moving averages and closed above CBL entry level. RSI supported the entry decision by making higher lows. Entry was at 11075 with exit at trailing stop 11114.
RE: SIMSCI 21-June-2006: Long Trade closed
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Position was closed at 277.3. SIMSCI futures failed to push up further after reached 278.1, 0.4 points away from my target. So near ,yet so far. That’s trading. RSI off the high and fell below previous low. And spread of SIMSCI seemed to be abnormal. Europe and U.S futures were turning red as well. I was not comfortable with the situation to Long SIMSCI, sentiment does not support the buyers. position was closed.
I might be wrong, I found no reason to hold on Long position. One trade, 0 point gain.
RE: SIMSCI 21-June-2006: Long Trade
Another reversal trade again. Long position was established at 277.3 which is above previous resistance. My initial target is set at 278.5 which was previous high (resistance area) in 15-min chart. As Nikkei and HangSeng are having small gain and tend to be flat, I do not expect a strong bull run in SIMSCI today.
