Trade Initiation for the Day – 15 July 2009

FKLI opened at 1084.  This means our positions qued to long at 1076 will be triggered, while those qued to go short at 1087 will be triggered, whichever touches first.

Update at 10.32 am – FKLI touches 1087 which means our que to go short has been triggered.  Place stop loss 5 points away at 1092 and take profit 5-7 points away at 1082 to 1080.

Update at 11.48 am - FKLI touches our stop loss point of 1092.  So 5 points loss for today.

Performance so far for July 2009 = 15.5 point/contract
Win = 7 times, Lose = 4 times

How do I interpret this?

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