Long position has been established at 292.9.
SIMSCI
SIMSCI 04-Jul-2006: Potential Long
I am looking for opportunity for possible Long position of SIMSCI today. Unless there is any surprising news released, I do not expect huge movement today. Sentiment is rather flat with positive biased. Setup is yet to be completed after first hour of trading.
RE: SIMSCI 03-Jul-2006: Short position: Trade closed
[photopress:SIMSCI_10_min_morning.jpg,full,pp_image]
It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher lows again. Short position closed with +0.1 points gain.
This SIMSCI Futures 10-min chart of morning session.
SIMSCI 03-Jul-2006: Short position
Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.
RE: SIMSCI 30-June-2006: Potential Long: No trade
[photopress:SIMSCI.jpg,full,pp_image]
Ok, this is another ‘do-nothing’day for SG market. There is no rewarding entry level for SIMSCI. It opened high with impressive +8 points gain,
however, it was drifting down subsequently and staying flat for the whole trading day. Here I am showing how ugly is the SIMSCI 10-min chart for the day.
SIMSCI 30-June-2006: Potential Long
A three digit gain in DJ. Nikkei gains more than 300 points in the first hour of trading, SG gains around +8 points, pretty bullish day. I am watching for any possible entry to Long SIMSCI. With this type of big gap opening, patience is needed if one is to day trade. It might end up as a boring day with no trade setup completed.
