Thursday, June 29, 2006

Trading for 29-June-2006: Potential Long TIMSCI, Pattern Pending SIMSCI

Sentiment is rather flat with positive biased. I see the possibility to Long TIMSCI today. After first hour of trading, a ascending triangle is being formed. Setup is yet to be completed. I am watching for possible Long entry.
I am slowing down myself in trading SIMSCI futures. Instead of sticking my mind to look for every possible trading opportunity on this tiny index futures, I will only trade if my predefined pattern setup exists. Otherwise, I will just leave it alone.

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