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RE: SIMSCI 11-JUL-2006: 2nd trade: Short trade closed

by Gav Leave a Comment

[photopress:SIMSCI_afternoon_second_trade.JPG,full,pp_image]
It is indeed not so good day to me. I have two losing trades today. Second trade was a SHORT on SIMSCI at 288.9. After the spike of afternoon session opening, SIMSCI looked weak.

Trailing stop was moved to 289.5 and triggered. Instead, a ‘W’ bottom is in the making and RSI starts making higher lows and MACD moving above trigger line.

Second trade closed with -0.6 point loss.

Trade summary:
Direction: Short
Entry: 288.9
Exit: 289.5
P/L: -0.6 points.

That’s all for the day. No trade will be made to avoid any potential emotional trading.

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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