The market is not as good as the crowd were expected. With Nikkei moved from positive to negative and Hang open flat, I am in fact not expecting a rally in SG market. Sentiment in the first hour of trading is flat with negative biased. I am looking at possible Short side instead.

[photopress:simsci_12min_full_day.PNG,full,pp_image] It was a dissapointed day. Sentiment changed from positive to flat and then negative. No position was established. To be exact, one opportunity was missed and two were ignored. It is the challenged of real time trading. I do not know what is going to happen at the right side of chart, experience and […]

Sentiment is positive biased. Though not bullish. HangSeng futures turned from negative open to positive while Nikkei futures stays above positive. I am looking for price setup in SIMSCI for intraday Long position.

[photopress:simsci_12_min_closed_trade_1.jpg,full,pp_image] It was rather slow trade. However, it was profitable. Entry at 282.9 and exit at 282.3. It is a very small gain. Exit decision was made as RSI was making higher lows in oversold zone and recent downtrend line was broken. I have considered failure swing in RSI as one of important factor to […]

Short level has been moved up to 282.9. Nikkei extends losses to more than -300 points,12-min chart of Nikkei shows a failure swing of RSI indicator which support my bearish sentiment. SIMSCI has from a descending triangle again. Short position of SIMSCI has been established after market reopen.