Long position of SIMSCI was closed at 282.4. Volume did not support buyers to push up further, and RSI was forming failure swing. A descending triangle was forming as well. I do not like the situation like this. Closed the trade with small gain. +0.4 point.
I was very unhappy with the liquidity of SIMSCI. Sometimes it does give me the feeling of 'Why on the earth I am wasting my time trading this dummy index futures?'. Look at the daily volume, it is hardly cross 5000 contracts.
I do see opportunity in SIMSCI futures trading, however, given the lack of liquidity, I am considering switching to some other better choice.
This is 10-min chart of SIMSCI as at 3.30pm.
Thursday, June 22, 2006
RE: SIMSCI 22-June-2006: Long Trade Closed
Long position of SIMSCI was closed at 282.4. Volume did not support buyers to push up further, and RSI was forming failure swing. A descending triangle was forming as well. I do not like the situation like this. Closed the trade with small gain. +0.4 point.
I was very unhappy with the liquidity of SIMSCI. Sometimes it does give me the feeling of 'Why on the earth I am wasting my time trading this dummy index futures?'. Look at the daily volume, it is hardly cross 5000 contracts.
I do see opportunity in SIMSCI futures trading, however, given the lack of liquidity, I am considering switching to some other better choice.
This is 10-min chart of SIMSCI as at 3.30pm.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment