Wednesday, July 12, 2006

RE: SIMSCI 12-JUL-2006: No trade

The result of guarding the quality of my trading, no trade was made today. It was a choppy day with low volume, I would say. Day volume is just more than 3000 contracts. There were selling at the end of morning session , however, sellers strength were weak. In the afternoon session, though SIMSCI futures started rebounding, a possible entry was at 289.1. I saw few levels of resistance. None of my setup was completed. No trade was done.

1 comment:

TopTrader said...

Nice double bottom breakout is a good entry point, but too late for day trading.