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.
Blog and Rants
SIMSCI 05-Jul-2006
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 the day, at least, I see local market crowd are still in pretty positive buying mood. When leading markets are closed, this small crowd of market participants do help in moving the intraday market.
No setup is formed, yet.
RE: SIMSCI 04-Jul-2006: Long trade closed
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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 these two trades. This is absolutely disappointing performance.
One trade closed. +0.1 point
I am looking for another entry opportunity.
RE: SIMSCI 04-JUL-2006: Long position
Long position has been established at 292.9.
SIMSCI 04-Jul-2006: Potential Long
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.
RE: SIMSCI 03-Jul-2006: Short position: Trade closed
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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 with +0.1 points gain.
This SIMSCI Futures 10-min chart of morning session.
