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Swin
Wednesday, August 31, 2005
Long: Nikkei225 September Contract 01-September-05
Nikkei225 September05: I have received a BUY signal for Nikkei225 again. Nikkei failed to perform last two days, however, it managed to stay above support and trendline. I am betting on Long site. Looking for chance to join the uptrend if the trend is strong enough. BUY level will be confirmed after market re-open.
Update: Again, Nikkei failed to reach my buy setup. No position was established. I am looking for great buyer force before establish long position.
Mini HangSeng: I have received a BUY signal from volatility system. Recent fall and consolidation provide a BUY setup for my system. Complete BUY setup will be confirmed after market re-open. I am betting on Long site for Hang Seng trade.
Update: Mini Hang Seng failed to perform. Instead, it drop-33 points. My BUY setup was not completed. Trade was voided.
Nikkei225 September 05 contract: I have received a BUY signal from volatility system. Yesterday's (29-August-2005) fall gives me a setup for buy signal. With weekly uptrend still intact, and Nikkei225 currently well above 22-day moving average support line, these give me a chance of establish a Long position to join the trend if the trend is strong enough to move on. Complete setup will be confirmed tomorrow after market re-open. To me, odds are with Long site for this point of time.
update: Long position was established at 12465 on 30-August-2005. Sold at 12470 on 30-August-2005 as market failed to move higher to break 12485. Position closed.
Nikkei225 September05 Contract: From both weekly chart, Nikkei225 is in intact uptrend. From daily chart, I received BUY signal from 4-point swing system. I am looking for chance to re-join current uptrend. From both weekly and daily chart, Swin-buyer/seller indicator shows buyers are dominating. Complete buy setup will be confirmed after market re-open.
Long: Mini Hang Seng August Contract 29-August-2005
Mini Hang Seng August Contract: From weekly chart, Mini Hang Seng has yet to show any uptrend reversal sign. Buyers are still dominating. From daily chart, buyers' curve is edging up and exceeded previous high while sellers' curve ticking down, buyers and sellers set to merge soon. I have received a BUY signal from my volatility system. Complete setup of BUY will be confirmed after market re-open.
From pattern trading system, should 14815 leve be broken, I will be looking at Sell.
SIMSCI August contract: SIMSCI bounced up at the end of last week, and it is well under moving average resistance. This provides setup for my sell signal. I have received SELL signal from my system. At the same time, pattern trading system is giving a Sell as well. Sell setup will be confirmed after market reopen.
Again, I stay neutral for SIMSCI, Nikkei225, MSCI Taiwan and HangSeng. Big-move system does not give me any signal. I am confused about current market condition. So, sit back and wait. Looking ahead for the coming week.
I stay neutral for MSCI Taiwan, SIMSCI, HangSeng, Nikkei225 and Corn Dec05 . Orders for last few days were not filled as market failed to trigger my trade points. I ended up staying aside of market.
Corn Dec05 contract: From both weekly and daily charts, sellers are still dominating. From daily chart, sellers are edging up. I have received a Sell signal from my system. I am looking for opportunity to join the current downtrend. Sell stop order will be confirmed after market re-open.
MSCI Taiwan August Contract: Long position was not established yesterday (23-August-2005) and buyers are not strong enough to trigger my buy level, a inside day is constructed. I have received another BUY signal from my system, I am still betting on Long site as odds shown in my system. Buy stop order will be confirmed after market re-open.
SIMSCI August contract: From daily chart, It looks good as SIMSCI is reversing. However, from Swin-buyer/Seller indicator, Sellers are yet to make a lower low while buyers are not making new high as well. I have received a Sell signal from my system at the same time. As SIMSCI is trapped between two moving average lines, I am waiting for bigger downward movement to happen before establishing short position. Sell stop order will be confirmed after market re-open.
MSCI Taiwan August contract: MSCI Taiwan started a reverse movement yesterday (22-August-2005), and it failed to form my short setup. I am turning Long. I have received a BUY signal from my system. From Swin Buyer/Seller indicator, Sellers force is gradually decreasing with buyers are making higher lows. Odds are with Long. Buy stop order will be confirmed after market re-open.
Long; Mini HangSeng August Contract 23-August-2005
Mini HangSeng August Contract: After touching 22-day moving average, HangSeng took a bounce. I have received a BUY signal for Mini HangSeng. From Swin Buyer/Seller indicator, buyer force is increasing in the expense of sellers. Odds seems to be with Long site. Buy stop order will be confirmed after market re-open. I am looking at entry point to join the uptrend.
I stay neutral for SIMSCI, HangSeng and Nikkei225. I have yet to received any signal from my system. From pattern trading system, I have obtained a Sell signal for MSCI Taiwan. Read next posting for trade details.
MSCI Taiwan August Contract: From weekly chart, MSCI Taiwan turned into downtrend. From daily chart, I am looking for opportunity to establish a Short position as pattern trading system generates a Sell signal, odds are with Short trade. Sell short order will be confirmed after market open. by swin
I have no trade to be made tomorrow. No signal for SIMSCI, Nikkei, MSCI Taiwan, and HangSeng.
A mistake was made yesterday by forgoing Sell signal of HangSeng. Missing a good trade is as bad as making a bad trade. HangSeng took a dip yesterday, and it is well under my system sell point. Profit was missed. I take this as a mistake.
Volatility of SIMSCI provided day trader profit opportunities these days. I have observed a increase interest in SIMSCI trading recently. Popularity seems to be building up.
T-Bond market look attractive to me, study and testing is going on. T-bond will be included in my trading list as soon as testing completed.
Another quiet day for me. I do not receive any trading signal for SIMSCI, MSCI Taiwan, and Nikkei225.
Another sell signal was generated, and again, I have made the decision of letting it go as HangSeng is still moving in strong trend.
I have closed Nikkei225 position @12265 as trailing stop order was triggered. P/L:180 pt. Based on 1 contract trading , this signal gave us profit around SGD 1296 , holding period 7 days.
As I am not gifted to predict future, tomorrow is going to be a day without trading.
It is gonna be another day without action. I stay neutral for SIMSCI, HangSeng, and MSCI Taiwan.
The only signal I have received is a Sell signal for HangSeng. However, from weekly chart, strong uptrend is observed, I choose to stay back from short selling.
SIMSCI After touching 50-day moving average support, SIMSCI did a rebound yesterday (16-August-2005). I do not have any buy or sell signal for the time being. Instead, I would prefer to observe and confirm the setup before taking action.
Nikkei225 I have raised trailing stop to 12265. I have yet to see any trend reversal sign. Though yesterday's close formed a doji, I do not take this kind of pattern into trading consideration.
We stay neutral for SIMSCI and Hang Seng. SIMSCI seems to be trapped into correction phase. HangSeng is still in uptrend, we are waiting for proper entry point. We have raised our trailing stop for Nikkei225 trade to 12150 to protect profit.
We have received a BUY signal for MSCI Taiwan. We are putting our bet on Long site after our analysis shows us odds are with Long.
MSCI Taiwan August Contract: From weekly chart of cash index and Index futures, no trend reversal sign is observed. From daily chart, futures managed to closed above 22-day moving average support. Our system issue a BUY signal. We are putting our bet on Long site, since odds are with Long site if 22-day moving average support is sustainable.
SIMSCI Futures August Contract: SIMSCI failed to perform yesterday (10-August-2005), however, it managed to stay above 22-day moving average support. Uptrend is still intact. This can be observed from both daily and weekly chart. In addition, William Accumulation/Distribution shows a positive sign when price fall to previous low but indicator manage to stay higher (refer to chart, in white). Our system issue a BUY signal for SIMSCI. Odds are with trading Long.
We are looking at 280 level to establish a long position.
Nikkei225 September Contract: From both daily and weekly chart of Nikkei225, uptrend is still intact. After touching 50-day moving average support line, Nikkei225 took a bounce yesterday. Our system generates a BUY signal. Odds are with trading Long site now.
SIMSCI August Contract: Our system generates a BUY signal for SIMSCI. SIMSCI futures bounced after retracing to 22-day moving average support line. From weekly chart, uptrend is still intact. Swin Buyer/Seller indicator shows that bulls are still dominating. Odds are with trading in Long site.
We are looking at 281 level to establish Long position.
SIMSCI August Contract 05-August-2005: From weekly chart , we have observed strong uptrend of SIMSCI. From daily chart, recent pull back provides a chance to long SIMSCI. Volatility system generates a BUY signal. Buy order will be confirmed after market re-open.
SELL:Mini Hang Seng August Contract 05-August-2005
Mini Hang Seng August contract 05-August-2005: From daily chart, we have observed some weakness of current trend. There is a chance that trendline will be broken. Our system issues a Sell signal. Sell stop order will be confirmed tomorrow after market re-open. This is a short term trade.
eCBOT Corn DEC05: System has generated a Sell signal for DEC05 Corn. Again, price has settled just above 50-day moving average support. We are looking at breaking of support line to trigger our sell order.
Sell stop was triggered@241'6 Stop loss was triggered. Position closed. P/L:-2.4
MSCI Taiwan August Contract : Having pulled back till 50-day moving average support line, Futures did a bounce yesterday and managed to close above 13-day moving average. From weekly chart of cash index, MSCI Taiwan is still in uptrend. Our system issues a BUY signal. BUY stop order will be confirmed tomorrow after market re-open.
eCBOT Corn Dec 05 02-August-2005: Volatility system issues a Sell signal. Sell stop order will be confirmed tomorrow after market reopen. From daily chart, Corn managed to closed right above 50-day moving average support line. Successfully breaking of this support might be considered as sign of bearishness.
BUY stop order 242.2. Order was not triggered and eliminated after market closed.
eCBOT Corns Dec 05 contract 01-August-2005: Our system issues a Sell signal for Corns. Sell stop order will be confirmed after market reopen on 01-August-2005.
SIMSCI Futures August Contract 01-August: Volatility system issues a BUY signal for SIMSCI August contract. Both weekly and daily charts of SIMSCI are showing steady uptrend. In addition, from analysis of 3 local banks, the chances are SIMSCI will move in favor of Long site. This supports our system call. Buy stop order will be confirmed on Monday 01-August-05 after market re-open.
BUY STOP order @280.2
Update on 01-August-2005, 6pm Buy stop order was eliminted , as it was not triggered. by swin