Archive for June 2nd, 2006
Friday, June 2nd, 2006
It has been a week that I did not post any article about stocks trading. In fact, current singapore stocks market does not excite me much. I position myself as a swing trader for stocks and day trader for SIMSCI futures. Currently, I can't find any good setup for stocks. ...
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Friday, June 2nd, 2006
[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. ...
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Friday, June 2nd, 2006
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 ...
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Friday, June 2nd, 2006
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 ...
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