MSCI Taiwan index futures (TIMSCI) 14-Jul-2006: Short position
July 14, 2006 – 10:42 amFrom 15-min chart, downtrend is established. MSCI Taiwan index futures (TIMSCI) is trading below 12-p, 21-p and 30-p EMA. I am only looking for SHORT position. Short position has been established at 263.8. I have removed all indicators but moving averages to keep myself clear and focus on price action and trend only. I do not expect this decision to deteriorate trading performance. Though I would say, I am still practising this approach. Intraday support area is found at area of 262.
I do not trade SIMSCI futures today, given first hour volume is only around 1,500 contracts traded.
From the desk of Tradergav.com
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