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Gav

RE: SIMSCI 13-June-2006: Poor performance

by Gav Leave a Comment

The reversal sign of Nikkei futures before lunch break was a false signal. Nikkei futures has been losing -500 points before SIMSCI reopen for afternoon session. I have place a Short order before lunch break at 272.4. SIMSCI is likely to open with gap in the afternoon session.
After market reopen, my short order was not triggered as the gap is bigger then my setup price. I have been missing profitable trades recently. And my performance has been deteriorating as well. Wrong judgement calls were made. I am fortunate enough, my wrong judgement call did not cause any loss. However, it is equally bad when missing profitable trades. I have decided to step away from market now to prevent myself from chasing a trade. Fight another day.

Filed Under: Rant Tagged With: SIMSCI

RE: SIMSCI 13-June-2006: Short trade closed

by Gav Leave a Comment

[photopress:simsci_12_exit.jpg,full,pp_image]

I have closed my short position at break even point 273.1, SIMSCI failed to break 272.5 even though Nikkei was losing -300 points. After seeing Nikkei gained strength from -300 point loss, I have decided to exit before lunch break to prevent any gap up in the afternoon session. Gain +0.1

This decision might be wrong and miss out potential profit, however, safety is the priority. I am looking for another opportunity in the afternoon session.

Filed Under: Rant Tagged With: SIMSCI

SIMSCI 13-June-2006: Short trade

by Gav Leave a Comment

It was negative, first started from Japan, then HongKong. I am looking at short. In fact, short position has been established at 273.2.

Filed Under: Rant Tagged With: SIMSCI

RE: SIMSCI 12-June-2006: No Trade

by Gav Leave a Comment

[photopress:simsci_full_day_9.jpg,full,pp_image]
It might be God’s call. My broker’s online trading platform is having some hiccup today. I do not like to trade when trading platform is unstable. This is unnecessary risk. Secondly, all patterns failed to form successfully and Nikkei and HangSeng remained flat most of time. Opportunity was found when RSI moving in overbought zone. I have given up the opportunity to establish Long position. I would call it a day. A boring day. No trade.

Filed Under: Rant Tagged With: SIMSCI

SIMSCI 12-June-2006: Awaiting setup

by Gav Leave a Comment

Sentiment for the first hour of trading is rather flat. There is no clear direction for the day. Nikkei and HangSeng are flat at the moment of writing this posting. From the development of chart now, there might be a chance of Long for intraday trading, though more information is needed to confirm this setup.

Filed Under: Rant Tagged With: SIMSCI

Chart Eye: STI daily chart : Ended 09-June-2006

by Gav Leave a Comment

This is trend analysis of daily chart of STI. Downtrend is still intact, though there was rebound at the end of last week, that did not help much in term of trend change. There is no sign of recovery. Directional analysis wise, there was a slight up turn in directional element, however, it is still below trigger line. Negative sentiment is still dominating.
No reason to consider any BUY for now.

Filed Under: Old blog archive

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