Archive for February, 2009|Monthly archive page
Trade Initiation for the Day
Filed under: Tips of the Day | Tags: FKLI, Futures, KLCI, Kuala Lumpur Composite Index, Trading Ideas
Leave a Comment A long signal was triggered at 889 at 8.50 am. Place a stop loss at 884 while take profit 5-7 points away at 894 to 896.
Trade Initiation for the Day
Filed under: Tips of the Day | Tags: FKLI, Futures, KLCI, Kuala Lumpur Composite Index, Trading Ideas
Leave a Comment FKLI March 2009 contract opened at 891, thus triggering a short signal. Place stop loss 5 points away at 896 while take profit 5-7 points away at 886 to 884.
Update at 3.30 pm – 5 points profit taken at 886!!
Trading Tips for the Day
Filed under: Tips of the Day | Tags: FKLI, Futures, KLCI, Kuala Lumpur Composite Index, Trading Ideas
Leave a Comment A short signal was triggered at 890.5 yesterday from the level given by Trading Tips for the Day but FKLI price did not go down much and was stuck in a range the whole day. Traders could have closed the position with a small profit, even or small lost by the end of the day depending when the position is closed. DJIA was also ranged bound last night but slightly negative sentiment was affecting the market when the housing sales sink unexpectedly.
Expect the KLCI Futures to open lower. We can already start trading the March 2009 contract month as it has become active. So we will be looking at March 2009 contract month. The resistance level is at 891 so one can attempt to short at around that point, support level is at 887 and one can attempt to long around there if the market price opens between these two figures. Target profit is about 5-7 points. If price breaks above 893 a breakaway trade can be initiated by going long, and if price breaks below 885 one can attempt to go short. Updates on trade initiation will follow, stay tuned.
Trade Initiation Update for the Day
Filed under: Tips of the Day | Tags: FKLI, Futures, KLCI, Kuala Lumpur Composite Index, Trading Ideas
Leave a Comment A long signal was triggered at about 8.54 am when FKLI price reached 874. There after the lowest price was 873.5 and it went up all the way, easily netting 5-7 points for traders who took the signals. Another successful day for Trading Tips for the Day!!
Trade Initiation Update for the Day
Filed under: Tips of the Day | Tags: FKLI, Futures, KLCI, Kuala Lumpur Composite Index, Trading Ideas
Leave a Comment Update at 9.10 am – A long signal was triggered at 888. Put stop loss 5 points away at 883 and take profit 5-7 points away at 893 to 895.
Update at 11.15 am - Profit taken!! Another 5 points made!!
