Trade Initiation for the Day – 29 September 2010

FKLI opened at 1458.5 so our que to go SHORT at 1461 will be triggered, if price touches there.

Update at 9.30 am – FKLI touches our que to go SHORT at 1461, place stop loss 5 points away at 1466 and take profit 5-7 points away at 1456 to 1454.

Update at 10.30 am – FCPO opened at 2718 so our que to go LONG at 2725 or SHORT at 2714 will be triggered, if price touches there.

Performance so far for September 2010 (FKLI) = -14.5 points/contract
Win = 6 times, Lose = 7 times LLWLWLLLWWWLW
Performance so far for July 2010 (FCPO) = 40 points/contract
Win = 8 times, Lose = 6 times WWLWWWLWLWLWW

How do I interpret this?

Disclaimer

Trading Tips for the Day – 29 September 2010

For the September 2010 contract, the resistance level is at 1475 so one can attempt to short at that point, support level is at 1466 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1480 a breakaway trade can be initiated by going long, and if price breaks below 1461 one can attempt to go short. Target profit is between 5-7 points, while cut loss point is 5 points.

As for FCPO NOVEMBER 2010 contract, the resistance level is at 2745 so one can attempt to short at that point, support level is at 2725 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 2756 a breakaway trade can be initiated by going long, and if price breaks below 2714 one can attempt to go short. Target profit is between 10-15 points, while cut loss point is 10 points.

Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 28 September 2010

FKLI opened at 1464 so our que to go LONG at 1466 or SHORT at 1461 will be triggered, whichever touches first.

Update at 10.30 am – FCPO opened at 2718 so our que to go LONG at 2725 or SHORT at 2714 will be triggered, whichever touches first.

Performance so far for September 2010 (FKLI) = -21.5 points/contract
Win = 5 times, Lose = 8 times LLWLWLLLWWWLL
Performance so far for July 2010 (FCPO) = 40 points/contract
Win = 8 times, Lose = 6 times WWLWWWLWLWLWW

How do I interpret this?

Disclaimer

Trading Tips for the Day – 28 September 2010

For the September 2010 contract, the resistance level is at 1475 so one can attempt to short at that point, support level is at 1466 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1480 a breakaway trade can be initiated by going long, and if price breaks below 1461 one can attempt to go short. Target profit is between 5-7 points, while cut loss point is 5 points.

As for FCPO NOVEMBER 2010 contract, the resistance level is at 2745 so one can attempt to short at that point, support level is at 2725 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 2756 abreakaway trade can be initiated by going long, and if price breaks below 2714 one can attempt to go short. Target profit is between 10-15 points, while cut loss point is 10 points.

Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 27 September 2010

FKLI opened at 1456.5, so our que to go LONG at 1455 or SHORT at 1460 will be triggered, whichever touches first.

Update at 10.30 am – FCPO opened at 2755, so our que to go LONG at 2719 will be triggered if price touches there.

Performance so far for September 2010 (FKLI) = -16.5 points/contract
Win = 5 times, Lose = 7 times LLWLWLLLWWWL
Performance so far for July 2010 (FCPO) = 30 points/contract
Win = 8 times, Lose = 5 times WWLWWWLWLWLW

How do I interpret this?

Disclaimer

Trading Tips for the Day – 27 September 2010

For the September 2010 contract, the resistance level is at 1455 so one can attempt to short at that point, support level is at 1446 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1460 a breakaway trade can be initiated by going long, and if price breaks below 1441 one can attempt to go short. Target profit is between 5-7 points, while cut loss point is 5 points.

As for FCPO NOVEMBER 2010 contract, the resistance level is at 2710 so one can attempt to short at that point, support level is at 2692 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 2719 abreakaway trade can be initiated by going long, and if price breaks below 2683 one can attempt to go short. Target profit is between 10-15 points, while cut loss point is 10 points.

Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 24 September 2010

FKLI opened at 1453 so our que to go LONG at 1443 or SHORT at 1458 will be triggered, whichever touches first.

Update at 9.30 am – FKLI touches our que to go LONG at 1443, place stop loss 5 points away at 1438 and take profit 5-7 points away at 1448 to 1450.

Update at 12.30 pm – FKLI touched our profit taking point at 1448, so 5 points profit for today.

Performance so far for September 2010 (FKLI) = -12.5 points/contract
Win = 5 times, Lose = 6 times LLWLWLLLWWW
Performance so far for July 2010 (FCPO) = 20 points/contract
Win = 7 times, Lose = 5 times WWLWWWLWLWL

How do I interpret this?

Disclaimer

Trading Tips for the Day – 24 September 2010

For the September 2010 contract, the resistance level is at 1458 so one can attempt to short at that point, support level is at 1443 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1466 a breakaway trade can be initiated by going long, and if price breaks below 1435 one can attempt to go short. Target profit is between 5-7 points, while cut loss point is 5 points.

As for FCPO NOVEMBER 2010 contract, the resistance level is at 2681 so one can attempt to short at that point, support level is at 2661 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 2691 abreakaway trade can be initiated by going long, and if price breaks below 2651 one can attempt to go short. Target profit is between 10-15 points, while cut loss point is 10 points.

Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 23 September 2010

FKLI opened at 1478 and not long after that touched our que to go SHORT at 1479.  Place stop loss 5 points away at 1474 and take profit 5-7 points away at 1484 to 1486.

Update at 10.30 am – FCPO opened at 2695 and not long after that touched our que to go LONG at 2692.  Place stop loss 10 points away at 2682 and take profit 10-15 points away at 2702 to 2707.

Update at 12.30 am – FKLI touched our profit taking point of 1484, so 5 points profit for today.

Performance so far for September 2010 (FKLI) = -11.5 points/contract
Win = 5 times, Lose = 6 times LLWLWLLLWWW
Performance so far for July 2010 (FCPO) = 20 points/contract
Win = 7 times, Lose = 5 times WWLWWWLWLWL

How do I interpret this?

Disclaimer

Trading Tips for the Day – 23 September 2010

For the September 2010 contract, the resistance level is at 1479 so one can attempt to short at that point, support level is at 1473 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1483 a breakaway trade can be initiated by going long, and if price breaks below 1470 one can attempt to go short. Target profit is between 5-7 points, while cut loss point is 5 points.

As for FCPO NOVEMBER 2010 contract, the resistance level is at 2683 so one can attempt to short at that point, support level is at 2663 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 2692 abreakaway trade can be initiated by going long, and if price breaks below 2654 one can attempt to go short. Target profit is between 10-15 points, while cut loss point is 10 points.

Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.