Short order is set at 275.1 level and it was triggered. Lower highs are observed with flat HangSeng. I discounted chances of strong rebound today. Market sentiment shows a flat with negative biased. Intrady Nikkei futures shows a downtrend is being formed as well.

DJ made a come back and closed +7 point after early loss. Some analyst starts calling bottom. I am holding a different opinion. It is still to early to define bottom. Back to day trading business, I am not bullish about SIMSCI today. In fact, it opened high, and subsequently trading below day high in […]

[photopress:simsci_full_day_1.jpg,full,pp_image] At 130pm local time, Nikkei Futures has lost -600 points. This is bearish. I was looking at short SIMSCI at 275.3. The support of market crashes seems to be getting stronger. It was too fast, too furious. With Nikkei losing more than -500 points, the weaker SIMSCI followed with panic. My short order at […]

With DJ sank below 11,000, it is expected to see negative opening in Nikkei then followed by SIMSCI. At this point of time, for intraday time frame, downtrend is being defined. I am looking for price setup to complete in order to establish short position for today.

[photopress:simsci_full_day.jpg,full,pp_image] This is 12-min chart for SIMSCI today From today’s trade, I am convinced to admit that it is still long way to go before I can call myself a good trader. Again, I have made a mistake. I have mixed up trading time frame. After trade execution , I switch to 9-min chart to […]

Short order was triggered at 281.7 as lower high was formed. Market is rather slow. Trailing stop is moving rapidly in order to catch small intraday movement