Archive for July 17th, 2006

RE: TIMSCI 17-Jul-2006: Short trade closed

Monday, July 17th, 2006

Short position of TIMSCI was established at 258.2. Initial stop was set at 259.8 which was subsequently triggered. One trade closed with -1.6 point loss which converted into -1.37R loss (uh! ugly). I should not have allowed the trade to be place since the initial ...

Day trading for 17-Jul-2006

Monday, July 17th, 2006

Day trading view: TIMSCI is having some upward movement in an existing downtrend. I am not interested in chasing the bull. Instead, I am looking for opportunity to establish short position if the downtrend is not violated. SIMSCI, bearish. Nice downtrend. It is ...

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