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

by Gav Leave a Comment

[photopress:SIMSCI_10_position_closed.jpg,full,pp_image]

Filed Under: Rant Tagged With: SIMSCI

Reader Interactions

Comments

  1. TopTrader says

    July 5, 2006 at 11:14 pm

    Good stuff!

    Reply
  2. TopTrader says

    July 6, 2006 at 5:14 am

    Good stuff!

    Reply
  3. jest says

    July 6, 2006 at 12:41 am

    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.

    Reply
  4. jest says

    July 6, 2006 at 6:41 am

    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.

    Reply
  5. Gav says

    July 6, 2006 at 9:35 am

    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.

    Reply
  6. Gav says

    July 6, 2006 at 3:35 pm

    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.

    Reply

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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.

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