Trade Initiation for the Day – 13 July 2009

FKLI opened at 1064.  This means our positions qued to long at 1061 will be triggered, while those qued to go short at 1065 will be triggered, whichever touches first.

Update at 8.52 am – FKLI touches 1065 which triggers our que to go short.  Place stop loss 5 points away at 1070 and take profit 5-7 points away at 1060 to 1058.

Update at 10.00 am – FKLI touches our profit taking point of 1060.  So 5 points profit for today!! Early day!!

Performance so far for July 2009 = 15.5 point/contract
Win = 6 times, Lose = 3 times

How do I interpret this?

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