RE: SIMSCI 10-Jul-2006: Long position: Trade closed
July 10, 2006 – 11:09 amThe 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: Long
Entry: 290.3
Exit: 290.2
P/L: -0.1
After the failure of flag pattern, a double tops pattern is formed. I am watching for another trading opportunity.
From the desk of Tradergav.com
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Tags: SIMSCI
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