TIMSCI short position of 263.8 is covered at 262.1 which was a planned target. In fact, a descending triangle was formed. and the calculated target for descending triangle was around 262 as well. I might missed out bigger profit, however, I would prefer to take profit based on planned target level. One trade closed with […]
Old blog archive
MSCI Taiwan index futures (TIMSCI) 14-Jul-2006: Short position
From 15-min chart, downtrend is established. MSCI Taiwan index futures (TIMSCI) is trading below 12-p, 21-p and 30-p EMA. I am only looking for SHORT position. Short position has been established at 263.8. I have removed all indicators but moving averages to keep myself clear and focus on price action and trend only. I do […]
Trading for 14-Jul-2006: Potential shorts
Great. Another 3-digit loss in DJ last nite. 🙂 From the intraday trend perspective, I would be only looking at SHORT for today. For Nikkei futures, MSCI Taiwan, and MSCI Singapore. This is trade setup. My job now is looking for entry and stop points. I hope the market doesn’t run away without me. I […]
Confession
I had a tendency to put in third trade of the day around 430pm. I did not do that. After realising I was in fact walking towards self-sabotage stage. Self-sabotage basically means I have the tendency to repeat the same mistakes over and over again. I would say it has been an bad week for […]
Take stock 07-Jul-2006
I am pretty lazy in stocks trading. One interesting counter appears in my screen. China HongXing. It shows me some good price setup to LONG for the coming week.
Some thought on the ‘Waves’
I believe there are profitable Elliot wave traders out there. No doubt. Though I have never met any of them yet. In fact, I have met a lot of wave analysts, not trader. I am not an wave trader and I definitely do not have bad feeling towards these wave analysts, I just have the […]
