Blog and Rants

[photopress:simsci_120min_full_day.jpg,full,pp_image] I am doing some analysis retrospectively. However, this is neccessary. I missed a trade today. The main reason was due to weak HangSeng and Nikkei. A nice swing setup was appearing in front of me, and yet I was caught by prejudice of market sentiment. Right or wrong, it depends. I was preventing myself […]

What a boring day. Again, short stop order was not triggered and SIMSCI indeed made a new day high. I have canceled my order and called it a day. With Nikkei lost about -300 points, it seems to be not enough to pull SIMSCI down. All pattern failed to form sucessfully. There might be opportunity […]

Another mind twisting day. After seeing the chart formation, I am looking at short level at 281.4 (modified from 281.1). SIMSCI is too weak to push up further.

It is very interesting to see SIMSCI opened low and moved higher in the first 45 minutes. It looks slightly positive. The drop was obviously contributed by reddish overnight DJ. It is an ambiguous situation now. SIMSCI refused to deep further. I would consider a long position or staying aside (no trade). There is a […]

[photopress:simsci_12_min_full_day.jpg,full,pp_image] Trailing stop was moved to break even point when low of 284.6 is achieved. I was tempted to take profit, however, I decided to have a perfect execution of my plan without any emotional factor. Holding on the position with nearly 0 risk involved. I would admit that, it is tough to resist temptation […]

Sell order was executed at 285.6 immediately after market reopen for afternoon session. However, selling force was not strong. It was hanging in the air with small flunctuation. U.S futures are in negative territory now. Watch out for Nikkei futures reopen at 330pm.