Traderswin Futures Trading: SIMSCI view ended 31-May-2006

: Name: Traderswin- trading Mushu

I am working to be a better trader everyday and work extremely hard in wealth building. This blog is my trading journal. As simple as that.

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Short SIMSCI : 23 May 2006
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SIMSCI intraday : Short
SIMSCI & HangSeng
It is indeed a disappointed day. Stop loss was t...

Thursday, June 01, 2006

SIMSCI view ended 31-May-2006

Before 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.

Traderswin