‘You lost some, You win some’, that was what happened to DJ. It lost around -70 point previous days, and gained around +70 points last nite. In the first hour of trading SIMSCI was undecisive. I have yet to see a clear direction for today.

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After seeing another ascending triangle formed in the afternoon session, I went Long on SIMSCI futures at 291.3. Long trade was closed at 292.3. I do not consider this as a good trade, though It was a profitable trade. As my initial target was at 292.6 which was found as intraday resistance. I exited earlier […]

Long position has been established at 291.3. This is second entry of the day to Long SIMSCI futures.

I just can’t trust the stop order any more. This is the third time my order did not get executed and price moves away from my entry. An ascending triangle was formed this morning around 11am. I have set up a buy order at 289.5. Excellent, market moves up and hit a high of 290.3. […]

Hear is the headline today: “NORTH Korea’s launch of half a dozen missiles yesterday, including a long-range one said to be capable of reaching the United States, renewed security concerns across the region and beyond and raised jitters on financial markets.” DJ closed with -76 loss. We have a gap down in SIMSCI, but it […]