Trade Initiation for the Day – 10 July 2009

FKLI opened at 1063.  This means our positions qued to long at 1062 will be triggered, while those qued to go short at 1068 will be triggered, whichever touches first.

Update at 10.27 am - FKLI touches 1062, which triggers our que to go long.  Place stop loss 5 points away at 1057 and take profit 5-7 points away at 1067 to 1069.

Update at 12.10 pm – DONE!!! FKLI touches 1067 which is our profit taking point.  So 5 points win for today!!!

Performance so far for July 2009 = 10.5 point/contract
Win = 5 times, Lose = 3 times

How do I interpret this?

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