RE: SIMSCI 05-Jul-2006: Short trade closed Chart

Comments

Historical comments are preserved here. New comments are closed.

1. TopTrader2006-07-06 05:14:00 UTC
   Good stuff!
2. TopTrader2006-07-06 05:14:00 UTC
   Good stuff!
3. jest2006-07-06 06:41:00 UTC
   Hi bro, just curious, there was an indication of a failure swing at 294 and macd divergence plus 2nd rsi downward swing confimation call at about 293.6. U missed a e trade at 293 right? (sry u din supp grids, hard to guage) Why din u decide to get in when both indicators we already calling for a short at that point? I might be an impulsive trader, thats why i would like to hear your point of view. Thanks.
4. jest2006-07-06 06:41:00 UTC
   Hi bro, just curious, there was an indication of a failure swing at 294 and macd divergence plus 2nd rsi downward swing confimation call at about 293.6. U missed a e trade at 293 right? (sry u din supp grids, hard to guage) Why din u decide to get in when both indicators we already calling for a short at that point? I might be an impulsive trader, thats why i would like to hear your point of view. Thanks.
5. Gav2006-07-06 15:35:00 UTC
   Hi Jest, You are right ,there was a failure swing. It was a setup for short position. However, it only met my entry rule around 1130am, 293.6. That was the first entry I missed as I was away from my screen. Second entry, which I managed to get in was around 292.3. Basically, the way I trade consists of two part Setup: decision for direction of trade Entry: Price action rules to establised a position. I will be writing about setup and entry later of the day.
6. Gav2006-07-06 15:35:00 UTC
   Hi Jest, You are right ,there was a failure swing. It was a setup for short position. However, it only met my entry rule around 1130am, 293.6. That was the first entry I missed as I was away from my screen. Second entry, which I managed to get in was around 292.3. Basically, the way I trade consists of two part Setup: decision for direction of trade Entry: Price action rules to establised a position. I will be writing about setup and entry later of the day.