[photopress:simsci_12_min_full_day.jpg,full,pp_image] Trailing stop was moved to break even point when low of 284.6 is achieved. I was tempted to take profit, however, I decided to have a perfect execution of my plan without any emotional factor. Holding on the position with nearly 0 risk involved. I would admit that, it is tough to resist temptation […]

Sell order was executed at 285.6 immediately after market reopen for afternoon session. However, selling force was not strong. It was hanging in the air with small flunctuation. U.S futures are in negative territory now. Watch out for Nikkei futures reopen at 330pm.

With negative biased sentiment. I am looking for price setup for possible short sell opportunity for intraday SIMSCI. Market seems to be very quiet at this point of time.

[photopress:SIMSci_12_min_full.PNG,full,pp_image] This is 12-min chart of SIMSCI. It is indeed a good day. After Short setup failed to form, I observed a Long opportunity. Long position was established at 284.6. Initial target was 287. To be frank, I thought the target was too far away. I was obviously wrong. Target was exceeded. Trade was closed […]

I was waiting for a descending triangle to be formed in order to setup my short position. However, trend reversed. Descending triangle formation was failed, and downtrend line was broken upward. Higher lows formed a uptrend line. A swing trade setup is completed. I am now looking at Long position at 284.6.

The market is not as good as the crowd were expected. With Nikkei moved from positive to negative and Hang open flat, I am in fact not expecting a rally in SG market. Sentiment in the first hour of trading is flat with negative biased. I am looking at possible Short side instead.