Archive for July 10th, 2006
Monday, July 10th, 2006
[photopress:10_min_SIMSCI_whole_day.JPG,full,pp_image]
It was a roller coaster day for SIMSCI. Afternoon session opened with a spike after Nikkei futures gained around 200 points. However, the upward running was not sustainable. Afternoon session did not provide opportunity for short entry for day trading as well. The selling in the afternoon session was supported ...
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Monday, July 10th, 2006
[photopress:10_min_SIMSCI_morning_trade_closed.JPG,full,pp_image]
Well, it is a little messy for the postings today. A little bit too much huh. Here is the chart of SIMSCI for my morning trades.
Did I miss out bigger profit? Yes, I did. Was that a wrong decision to exit the trade? No. It is about plan execution. I ...
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Monday, July 10th, 2006
Target for the second long position is achieved at 291.7 which is below intraday resistance level.
Second trade closed with +1 point.
Trade summary:
Direction: Long
Entry: 290.7
Exit: 291.7
P/L: +1
Nikkei is running strong. I am watching for possible second trade in the afternoon session. That's all for my morning work. Time for lunch break.
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Monday, July 10th, 2006
After the failure of first trade, I was looking at second opportunity. An ascending triangle was formed with RSI making higher lows and MACD moving above trigger line. Another main reason to go Long of SIMSCI was rally of Nikkei futures from its low opening. Nikkei managed to recoup ...
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Monday, July 10th, 2006
The pattern failed to move as expected, Long position of SIMSCI was closed at 290.2.
This trade was a mistake. I was focusing on pattern formation, and ignored the fact that 12-p EMA is still under 21-p EMA. In fact, setup was not completed.
One trade closed with loss: -0.1 point.
Trade summary:
Direction: ...
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Monday, July 10th, 2006
SIMSCI futures managed to break above the flag formed since 920am. Long position has been established at 290.3. Intraday resistance seems to be at 292 area.
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