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Day trading watch list: 24-Jul-2006

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First hour trading shows a pretty clear picture for SG futures market. Here is the summary. At this point of time, I would only looking at Short opportunity.

Intraday Trend MSCI Taiwan Index Futures MSCI Singapore Index Futures
Longer term
Down
Down
Medium term
Down
Down
Short term
Down
Down
Recent High
261.1
278.8
Recent Low
256.4
276.8
Trading direction
Short
Short

SIMSCI only serves as a reference for the time being. I am not trading SIMSCI for the time being until I see improvement of volume and volatility.

Mini Dow & Gold futures: Short opportunities.

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Mini dow was having a negative opening, and subsequently moving laterally. There was opportunity to established short position, however, with tiny profit. The risk of being stopped out was high.

Gold reversed its initial movement after positive opening. Intraday trend turned down. Shorting opportunity apeared.

Day trading II : 21-Jul-2006

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Looks like we have some action in the futures market today. Here is the summary of current intraday trend during market open.

Intraday trend

Mini Dow

Gold Futures

Intermediate term

Down

Up

Short term

Down

Up

Recent High

11026

644.5

Recent Low

10826

621.2

Chop! 21-Jul-2006

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Well, just as expected in the morning, we had a choppy , boring trading day in SG futures market. No trade was done.
Looking at volume of SIMSCI, I can fully understand why major oversea broking house like Interactive Broker does not bother to offer customers to trade. With just around 2000 contracts traded in a trading day. I guess, there is still long way to go to promote SIMSCI futures trading. I do not incline to relate this to market condition, it is just a matter of industry interest over this product.
Alrite, result reviewed. I got my first negative week. Making two losses in the the first two days of the week, and subsequently caught up by some personal works or did not see rewarding trading opportunity.

Day trading 21-Jul-2006

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I will have to attend a meeting, no trading in the morning. Anyway, here is the view of this morning’s market.

It looks like we are going to have a choppy day.

Intraday trend MSCI Taiwan Index Futures MSCI Singapore Index Futures
Long term
Lateral
Lateral
Intermediate term
Lateral
Lateral
Short term
Lateral
Down
Recent High
267.8
284.4
Recent Low
262.8
276.8

No trade 20-Jul-2006

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No trade was taken today, given the big gap up this morning, there was no riskwarding opportunity to enter SG futures market. Apparently, today might be a good day to do some puntings in SG stocks market. That’s not my game.

My trading performance seems to be stalled. I gotta do something to get out of the current situation.