Gav's trading blog - Perseverance, Consistency, Confidence
Pattern Trading : Short SIMSCI 25-May-2006
by Gav
This is an intraday pattern trade. First, negative opening of Nikkei and HangSeng gave me a direction of the day. I would prefer trading on the Short side today. A descending triangle was formed which supports the negative sentiment.
Here is a 12-min chart for the morning session.
