‘Crude futures rise after steeper-than-forecast decline in U.S. gasoline inventories’ ‘Oil prices rise after gasoline inventory shortfall.’ Are these news related to day trading? Well, it might be. At least , I am seeing intraday Dow futures starts to turn down and in fact broken uptrend line. Though I have yet to have complete setup […]

I am looking forward to a ‘do-nothing’ day again for SG futures market. I am not interested in trading in this condition i.e moderate U.S gain, flat opening in Nikkei and low volume in local futures market. It is difficult to find high-R trade in the market with these conditions.

No trade was done for SiMSCi and TimSCi today. It was indeed an boring day, though SiMSCi did have a spike at the last 15 min before market closed. Dow futures was down at the opening, and subsequently spike up. Bulls did not hold the strength, intraday downtrend continues. I am watching for possible short […]

Good morning! I am a silly person. I like to think too much and make things complicated. My objective today is to keep thing simple. Alrite, 3-digit gain of DJ pushed gaps up around Asian markets as expected. I am looking at the tone of regional markets. Pretty positive, Nikkei gains near +300 points and […]

[photopress:TIMSCI_10_min_trade_closed.jpg,full,pp_image] Short position of MSCI Taiwan index futures (TIMSCI) was established at 259.1. Initial stop loss 259.6 was triggered with 1-R loss. “The wrong way to play it would be to attempt to ?pick a bottom,? or fade the market; blindly enter short without waiting for a good spot; getting short without setting a stop, […]