Mini dow was having a negative opening, and subsequently moving laterally. There was opportunity to established short position, however, with tiny profit. The risk of being stopped out was high.
Gold reversed its initial movement after positive opening. Intraday trend turned down. Shorting opportunity apeared.
From the desk of Tradergav.com
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Looks like we have some action in the futures market today. Here is the summary of current intraday trend during market open.
Intraday trend
Mini Dow
Gold Futures
Intermediate term
Down
Up
Short term
Down
Up
Recent High
11026
644.5
Recent Low
10826
621.2
From the desk of Tradergav.com
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Well, just as expected in the morning, we had a choppy , boring trading day in SG futures market. No trade was done.
Looking at volume of SIMSCI, I can fully understand why major oversea broking house like Interactive Broker does not bother to offer customers to trade. With just around 2000 [...]
I will have to attend a meeting, no trading in the morning. Anyway, here is the view of this morning’s market.
It looks like we are going to have a choppy day.
Intraday trend
MSCI Taiwan Index Futures
MSCI Singapore Index Futures
Long term
Lateral
Lateral
Intermediate term
Lateral
Lateral
Short term
Lateral
Down
Recent High
267.8
284.4
Recent [...]
No trade was taken today, given the big gap up this morning, there was no riskwarding opportunity to enter SG futures market. Apparently, today might be a good day to do some puntings in SG stocks market. That’s not my game.
My trading performance seems to be stalled. I gotta do something to [...]
We have 3-digit gain , over +200 points in DJ last nite. It is likely to have some bullish hangover in Asian markets. SIMSCI volume is building up in the first half an hour, though it is still not impressive. Chart wise, I would prefer SIMSCI over TIMSCI for day trading [...]
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