[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 […]
Blog and Rants
SIMSCI 13-June-2006: Short trade
It was negative, first started from Japan, then HongKong. I am looking at short. In fact, short position has been established at 273.2.
RE: SIMSCI 12-June-2006: No Trade
[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 […]
SIMSCI 12-June-2006: Awaiting setup
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.
Chart Eye: STI daily chart : Ended 09-June-2006
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 […]
Chart Eye: Sesdaq daily chart : Ended 09-June-2006
This is daily chart of Sesdaq. Nothing much has changed. There is no sign of recovery for small cap. Directional analysis shows a continuation of downward movement. Negative sentiment is still hanging in the air for now. Trend characteristics analysis shows intact downtrend with no sign of reversal. I am not interested in any stocks […]
