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Before SG market went for lunch break, I have decided to close my SIMSCI short position with a loss at 275.7 even though planned trailing stop was at 276.2. There were signals that contributed to this exit decision. From 9-min chart of SIMSCI, a positive divergence was observed, and it was , in fact, getting stronger. I was very uncomfortable to see positive divergence when having a open short position.
Another strong reason to exit short position was from Nikkei225 Futures. Again, a positive divergence was observed. That was a scary scene. It was preparing to run up. In the event that intraday upward movement started, SIMSCI futures is likely to have a gap up in the afternoon session.
I might be missing out potential profit, but, safety in the market is my objective. Fast decision made. One lost trade with -0.6 loss.
After trade analysis:
Perhaps you can find trading opportunity to long HSI futures.
Perhaps you can find trading opportunity to long HSI futures.
Hi Bryan,
Thanks.
I do notice HSI. I guess same thing happen to hangseng, a gap up after lunch break.
Anyway, I have long SIMSCI again. Another profitable day for me. Though small profit.
Have a good weekend.
Hi Bryan,
Thanks.
I do notice HSI. I guess same thing happen to hangseng, a gap up after lunch break.
Anyway, I have long SIMSCI again. Another profitable day for me. Though small profit.
Have a good weekend.