In fact, it will be profitable for short trades in the afternoon session, however, none of my pattern setup was formed successfully, I did not initiate second trade for today. In fact, I was a bit tired after morning’s first trade.
In today’s trade, it showed the importance of intermarket analysis, even for day trading. SIMSCI [...]
SIMSCI futures 12-min
This is 12-min SIMSCI chart. My LONG order was triggered a little bit higher at 274.3. My initial plan was 274.1, anyway, it was still below my maximum chase level. It was a nice morning, trailing stop had been moving upward, and in fact, by 1230pm my position was already in the money. [...]
I was looking at 274.1 to Long SIMSCI (before my trading platform is down for maintainance for half an hour). Nikkei starts second session with slightly positive tone. I see the intraday market is to be flat with positive biased. As at current condition, I am looking at LONG side.
From the desk of Tradergav.com
Again , yes again , DJ closed in negative territory. Nikkei and SIMSCI followed as expected. However, it is very interesting to see Nikkei and SIMSCI indeed moving up from low opening. Intraday chart shows me a uptrend is building up for SIIMSCI, though it is too early to conclude now. It gives a feeling [...]
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