As yesterday,
Short position still holding
Stop order place at 1070.5
Result:
2safe, 3 losses, 1 win.
For FKLI,
Support at 1052.5 seem strong.
resistance at 1068.5 must not break on 15min closing.
Outlook:
Bearish if 1068 - 1070 not break.
Bear trend confirm at 1052.5.
Strategy:
If FKLI <1052.5, Bear trend confirm, short. cut loss at 1064 ( place stop order in advance)
If FKLI > 1068, Bullish. All outlook turn long.
Things to monitor.
'san po' effect is detected.
tomorrow will be a big swing day.
CI must not break above 1072
Tuesday we have the PPI, Retail sales, and Business inventories.
On Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.
Thursday have weekly Jobless claims and the Philly FED.
Friday Options expiration , Housing starts and Building permits will be released.
No speeches yet posted for the FED.
Nikkei tuesday morning trading.
Subscribe to:
Post Comments (Atom)
Dow Jones +185
ReplyDeletenikkei +122
prepare for market reversal if break 1068.
however, follow my plan, cut loss at 1070. wait for long pricing.
market open at 1069
ReplyDeletemy stop at 1064 stuck.
cancel my order, my stop to 1070.5
As always, Market is really unpredictable.......
ReplyDeletei didn't expect it to swing so high.........only low.....
still need to polish my skill......
anyhow, my 'sanpo' still valid and great!!!!!!!
FKLI, if 15min close lower than 1066.5, mild short signal appear.
ReplyDeletei'll short and put stop loss on previous bar high in 15min chart.
stop triggered. 1070.5
ReplyDeleteloss 6point/lots
ReplyDeleteif hourly chart close below 1071, then i'll start to short, cut loss at high.
ReplyDeletecause break down from rsi hourly support.
FKLI indeed big swing for today..........but i didn't expect it to swing up.
ReplyDelete