Writing for Better- Trading BlogI will be contributing my analysis work on Stocks and Futures to
Better Trading blog
http://better-trading.blogspot.com/
Please visit the blog for more articles and charts
Have a profitable day. SIMSCI Futures View ended 02-June-2006 This is daily chart of SIMSCI futures.There was a rebound last friday 02-June-2006. However, SIMSCI futures off from the day high of 288.5 and closed below previous day's high. It continuously moving within the downtrend channel. And in fact, immediate resistance appears to be at 289.5.
From directional analysis, sentiment is negative, however it has yet to reach extreme bearish state. It is likely to continue moving within the downtrend channel. No reversal sign of current trend is observed at this point of time.
I will be writing specific day trading opportunity in Better-Trading Blog.
SIMSCI view ended 31-May-2006Before the start of a new trading day, I am looking at daily chart of daily chart of SIMSCI futures. This is daily chart ended 31-May-2006, a negative month for SG market. A gap down yesterday just fulfill my channel view. SIMSCI is consistently moving within the downtrend channel. I see immediate support at 277 area while immediate resistance is found at 290 area.
Overnight rebound at U.S market does not give me a strong bullish feeling yet. It might lift up SIMSCI today, however, the strenght is in doubt.
I will be writting specific trading journal for Better Trading Blog.SIMSCI daily chart snapshot This is daily chart ended yesterday (29-May-2006). It is a nice picture of correction. After touching upper channel, it retreats. The main support is at 200-day moving average. I would prefer to concentrate on short site instead of hoping bull run comes back. Trade with the fact is more realiable. I will be writing specific intraday trading for Better Trading Blog.Have a profitable day SIMSCI & HangSeng 29-May-2006HangSeng
 This is daily chart of HangSeng Futures. Bearish sentiment is still dominating with small improvement. Resistance is found at area of 16330. No significant signs of correction completion.
SIMSCI
Moving average analysis wise, short term trend is still staying below long term trend , however, it starts ticking up from bottom as well. Market sentiment is still negative with slight improvement is observed.
From price action, as shown in the chart, SIMSCI is still moving within the recent downtrend channel. However, it has reached upper channel band.
These observations give me a feeling of short term rally is on its way while it is too early to conclude current correction is completed and uptrend will resume.
I am day trading SIMSCI. Specific trading strategy and analysis will be posted in
Better Trading blog.
Have a profitable.SIMSCI 26-May-2006Regional market lead by Nikkei and HangSeng are doing pretty.
Some trading opportunities appear in SIMSCI. Though, it failed to perform as expected in the afternoon session.
I have written SIMSCI trade for Better Trading Blog.
I will continue to write my market view in this blog and any specific trading opportunity for Better Trading Blog.
Have a profitable day Writing for Better Trading blogI will be contributing my analysis work on Stocks and Futures to
Better Trading blog
http://better-trading.blogspot.com/
Please visit the blog for more articles and charts
Have a profitable day. Re: Short SIMSCI 23-May-2006The mistake of the day is trying to trade out of choppy market. Short position was stop out at trailing stop 287.8. With -0.6 loss. From the 12-min chart of SIMSCI it is indeed choppy. The decision to get into the trade on either side was wrong. Here is 12-min chart.
Have a profitable day Short SIMSCI : 23 May 2006It is a choppy day with negative bias. I am interested in looking at Short side for the afternoon session. Short level 287.2 with initial stoploss 288.6.
Have a profitable day
Re: SIMSCI intraday : ShortIt was a very bearish day. And market moved in the way that I did not get my price setup correctly. Basically I did not have a chance to establish a position.
Here is the 15-min chart
Have a profitable day SIMSCI intraday : ShortSentiment setup is completed. I am looking at SIMSCI short position for the afternoon session. Currently, there is no clear price action setup. I am waiting for the opportunity to establish short position. Have a profitable day. SIMSCI & HangSengHangSeng Futures  It is not bullish enough to end current correction, while at the same time, though HangSeng is experiencing short term downtrend, down trend strength is weak.
SIMSCI Futures
 I have yet to see any signal to end current correction. While I am not bearish as well. Curent down trend strenght is weak.
Have a profitable day
It is indeed a disappointed day. Stop loss was triggered at 297.8 with 0.6 loss. In fact , from 15-minute chart, a descending triangle was formed. It was rather bearish at that point of time. Weekend is coming again. Long SIMSCI: 19-May-2006Sentiment is pretty positive to me. My entry setup is completed. I am keeping my Long position in SIMSCI at 298.4 with initial stop loss 297.8 for this afternoon session.
There may be some positive movements for today. Have a profitable day. SIMSCI short order canceledInstead of going south, SIMSCI rebounds in the afternoon. Short order has been canceled as this is meant for intraday trading and setup is not completed. No overnight position is intended.
Have a profitable day Short SIMSCI : 18-May-2006Setiment setup is almost completed. I am looking at short position for this afternoon. It is time to dance with wolves again.
I am looking to short SIMSCI at 295.3 level and initial stop loss at 296.7. Have a profitable day Not so bullish .. yet. SIMSCI , HangSeng : 18-May-2006
This is daily chart of HangSeng Futures. Yesterday's gain did not give me too much bullish sign. Instead, correction doesn't seem to be over just yet. Sentiment indicator is still in negative zone.
This is daily chart of Simsci futures. Similar to hangseng, I am not so bullish now. The straight trend line of recent uptrend seems to be resistance now. Sentiment is still negative.
With Dow Industrial fell another 214 points, how bullish the sentiment can be today? I am watching for intraday trade opportunity today.
Have a profitable day.
SIMSCI trade close : 17-May-2006
This is a small intraday gain , entry 303.6 , exit 304.9 as profit target hit. It is indeed a small bull. Not a bad day,after all. There are wolves in the market. Follow them, never go against them. Wolves, usually hunt in packs, fight for their own benefit without fear. Once target is reached or missing, they retreat and dismiss. The wolf is a carnivore, an animal suited for catching, killing and eating other creatures. Wolves prey primarily on large, hoofed mammals called ungulates. Here is the 15-Min chart. Have a profitable day. Long SIMSCI : 17-May-2006Sentiment setup is pretty positive. Nikkei is up again, with HK is still above +100 points gain. It is time to dance with wolf again. I am looking to long SIMSCI in the afternoon session at 303.6. With stop at 302.
Have a profitable day SIMSCI 15-min chart 16 May 2006
This is a quick trade on SIMSCI 15-minute chart. Negative tone is well set. And my short trade setup is established. Short level at 300 was triggered immediately after lunch break . Trade opened with stop loss at 300.5. Profit was taken at 296.50. The fall is bigger than I expected. Have a profitable day.
SIMSCI 10-May-2006I am only interested in long position of SIMSCI at 317.8 level with stop loss level at 310.6.
Have a profitable day Light Sweet Crude June 06 Contract
Light Sweet Crude June future contract showed another nice swing trading setup on 28 Mar 06 after closed above 66.15. Current stop loss is set at 65.15.
Traderswin
(The trading Mushu)Gold June06 : Nice Swing
Consolidation seems to be finally over. Gold starts to swing up. After breaking short term downtrend line and close above 561.2, it has provided a good setup for swing trade. Short EMAs group start ticking up and moving away from long term EMA groups. This shows trend continuation. Stop loss is currently set at 557.
Traderswin
(The trading Mushu)Gold : Resumption pending
Gold seems to start swing up again, however, I would wait till trend line is broken to confirm resumption of bull run. Underlying uptrend is still holding strong, despite the short term weakness.
It is interesting to watch near term development of green back as well.
TraderswinResearch break...I am off for a research break. No posting will be done till 2006.
Traderswin
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