Trade Initiation for the Day – 14 July 2009

FKLI opened at 1069.  This means our que to go long at 1065 will be triggered if price touches there.

Update at 9.18 am – FKLI touches our que to go long at 1065.  Place stop loss 5 points away at 1060 while take profit 5-7 points away at 1070 to 1072.

Update at 2.30 pm - FKLI opens at 1070 after lunch break, which means your que to take profit has been done.  So 5 points profit for today!!! Good Trade!!!

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Performance so far for July 2009 = 20.5 point/contract
Win = 7 times, Lose = 3 times

How do I interpret this?

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