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Short: SIMSCI 29-May-2006 – Updated

by Gav Leave a Comment

Afternoon session (trade closed)

It was pretty fast. Within the first hour of trading, target was hit with 1.7 gain. This is an intraday trading. The trade off is missing bigger profit. This is trading. We focus on our own trading time frame, target, and stop. The chart above is 12-min chart of SIMSCI in the afternoon session.

Morning session (trade setup)

SIMSCI formed a descending triangle with lower highs. An short position was established this morning at 292.1. Position is still open with current stop loss at 292.3, target at 290.4.
This is 12-min chart at opening of afternoon session.

Filed Under: Old blog archive

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Comments

  1. TopTrader says

    at 6:17 pm

    Well done.

    Reply
  2. TopTrader says

    at 12:17 am

    Well done.

    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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