Trade Initiation for the Day – 16 July 2009

FKLI opened at 1112.  This means our positions qued to long at 1102 will be triggered, while those qued to go short at 1118 will be triggered, whichever touches first.

Update at 9.16 am – FKLI touches our que to go short at 1118.  Place stop loss 5 points away at 1123 and take profit 5-7 points at 1113 to 1111.

Update at 3.05 pm – FKLI touches our profit taking point of 1013.  So 5 points profit for today!!!

Performance so far for July 2009 = 20.5 point/contract
Win = 8 times, Lose = 4 times

How do I interpret this?

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