I did not have any position for TIMSCI today. It was rather volatile and boring. It failed to complete my setup. In fact, after watching TIMSCI for the past few days, I found that it is a little bit tedious to trade this index. Price action goes wild frequently. No setup for SIMSCI. I guess […]
Trading for 29-June-2006: Potential Long TIMSCI, Pattern Pending SIMSCI
Sentiment is rather flat with positive biased. I see the possibility to Long TIMSCI today. After first hour of trading, a ascending triangle is being formed. Setup is yet to be completed. I am watching for possible Long entry. I am slowing down myself in trading SIMSCI futures. Instead of sticking my mind to look […]
TIMSCI 28-June-2006: Long trade closed.
I was looking at TIMSCI this morning. With 3-digits closed of Dow, TIMSCI opened low this morning. After first hour of trading, a descending triangle is formed in 5-min chart. I was looking at SHORT entry at 265.8. I pulled out my sell stop order, as realising RSI formation was not in my favour. I […]
SIMSCI 27-June-2006: TIMSCI looks better
[photopress:TIMSCI_5_full.jpg,full,pp_image] I am having some problem day trading SIMSCI. I should say, it is a little bit difficult to find trading opportunity within the day. First problem lies in volume, for example, in the first two hours of trading today, less than 1000 contracts were traded. Secondly, intraday volatility is not impressive enough to generate […]
RE: SIMSCI 26-June-2006
[photopress:simsci_full_10.jpg,full,pp_image] I have made a mistake today. Partly due to physical tiredness. I saw opportunity to Long SIMSCI at 280, (in fact, 279.9, if I was sharp enough). I was hesitating for nothing. It was not fear, but, my mind was stalled at that moment. All setup was done, and yet no action. Mistake is […]
SIMSCI 26-June-2006: Likely choppy
Market is likely to be flat for the coming days ahead of Fed meeting. I do not expect a nice trending intraday, instead it is likely to be choppy. I am watching for any potential trading opportunity.
