• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

  • Home
  • Start Here
    • Back to Basics of Trading
    • Resource For Traders – The Best Tools for Traders
    • Learn Trading Articles
    • Sierra Chart Resource
  • Blog
    • Blog Posts
    • Other learning resource
    • Dummy Collection
    • Harmonic setups
  • About Me

Futures market recap 10-JUL-2006

by Gav Leave a Comment

[photopress:10_min_SIMSCI_whole_day.JPG,full,pp_image]
It was a roller coaster day for SIMSCI. Afternoon session opened with a spike after Nikkei futures gained around 200 points. However, the upward running was not sustainable. Afternoon session did not provide opportunity for short entry for day trading as well. The selling in the afternoon session was supported by volume, which eventually gave back all the gain in the earlier session.

Filed Under: Rant Tagged With: SIMSCI

Reader Interactions

Comments

  1. jest1081 says

    at 9:39 pm

    Exhaustion at 292.5 followed by heavy selldown. could have filled ur short at 291.8? Missed trade? volume was esp strong during the selldown, any indicatives?

    Reply
  2. jest1081 says

    at 3:39 am

    Exhaustion at 292.5 followed by heavy selldown. could have filled ur short at 291.8? Missed trade? volume was esp strong during the selldown, any indicatives?

    Reply
  3. Gav says

    at 11:45 pm

    That was not a missed trade. I did not have opportunity to establish short position. Look at the chart retrospectively, SIMSCI had been drifting down continuously without a pause. No entry point for me.

    Reply
  4. Gav says

    at 5:45 am

    That was not a missed trade. I did not have opportunity to establish short position. Look at the chart retrospectively, SIMSCI had been drifting down continuously without a pause. No entry point for me.

    Reply
  5. jest1081 says

    at 1:00 am

    I tot there was? u are doin realtime right? sorry still din catch ur entry and exit rules but there was a buy up session up to 292.5 before a selldown occurs, it might occur to you that it was also on a lower volume when price started to appreciate before the selldown occurs.

    Reply
  6. jest1081 says

    at 7:00 am

    I tot there was? u are doin realtime right? sorry still din catch ur entry and exit rules but there was a buy up session up to 292.5 before a selldown occurs, it might occur to you that it was also on a lower volume when price started to appreciate before the selldown occurs.

    Reply
  7. Gav says

    at 7:21 am

    I use 10-min chart. Generally speaking, I would wait for the price to pause and a trend is established before I put in a trade. A pause means forming a lower high or higher lows etc for example. I like to see market taking a breath before continue to move in the direction of established trend. Real time doesn’t mean put in a trade while price is still forming. I would wait for price entry rule to be completed (be it close higher than previous high, or two up closes, or pattern completion etc) before put in a trade.

    Reply
  8. Gav says

    at 1:21 pm

    I use 10-min chart. Generally speaking, I would wait for the price to pause and a trend is established before I put in a trade. A pause means forming a lower high or higher lows etc for example. I like to see market taking a breath before continue to move in the direction of established trend. Real time doesn’t mean put in a trade while price is still forming. I would wait for price entry rule to be completed (be it close higher than previous high, or two up closes, or pattern completion etc) before put in a trade.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Tools For Traders

My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

About Me

Footer

Recommend FX Charting

Recommended Training

FXSAnalytics

Copyright © 2023 · Affiliate Disclosure · Privacy