So we have Dow ended with triple-digit gain and Nasdaq snapped losing streak last nite. Nikkei futures opened and trading around +300 points gain. SIMSCI opened with +3 point. It is a positive morning. It is still too early to decide trading direction now. I am watching the market closely now.

[photopress:simsci_full_day_12.PNG,full,pp_image] In fact, it will be profitable for short trades in the afternoon session, however, none of my pattern setup was formed successfully, I did not initiate second trade for today. In fact, I was a bit tired after morning’s first trade. In today’s trade, it showed the importance of intermarket analysis, even for day […]

SIMSCI futures 12-min [photopress:SIMSCi_12_min_morning.PNG,full,pp_image] This is 12-min SIMSCI chart. My LONG order was triggered a little bit higher at 274.3. My initial plan was 274.1, anyway, it was still below my maximum chase level. It was a nice morning, trailing stop had been moving upward, and in fact, by 1230pm my position was already in […]

I was looking at 274.1 to Long SIMSCI (before my trading platform is down for maintainance for half an hour). Nikkei starts second session with slightly positive tone. I see the intraday market is to be flat with positive biased. As at current condition, I am looking at LONG side.

Again , yes again , DJ closed in negative territory. Nikkei and SIMSCI followed as expected. However, it is very interesting to see Nikkei and SIMSCI indeed moving up from low opening. Intraday chart shows me a uptrend is building up for SIIMSCI, though it is too early to conclude now. It gives a feeling […]

The reversal sign of Nikkei futures before lunch break was a false signal. Nikkei futures has been losing -500 points before SIMSCI reopen for afternoon session. I have place a Short order before lunch break at 272.4. SIMSCI is likely to open with gap in the afternoon session. After market reopen, my short order was […]