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RE: SIMSCI 10-Jul-2006: Long position: Trade closed

by Gav Leave a Comment

The pattern failed to move as expected, Long position of SIMSCI was closed at 290.2.
This trade was a mistake. I was focusing on pattern formation, and ignored the fact that 12-p EMA is still under 21-p EMA. In fact, setup was not completed.

One trade closed with loss: -0.1 point.

Trade summary:
Direction: Long
Entry: 290.3
Exit: 290.2
P/L: -0.1

After the failure of flag pattern, a double tops pattern is formed. I am watching for another trading opportunity.

Filed Under: Rant Tagged With: SIMSCI

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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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