FKLI 26th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1175, @1184.5

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
FKLI still seems bearish. but resistance level 1181.5 must not break.
if break 1174.5 if mild bullish, so i'll out partial.

strategy,
if FKLI > 1181.5 on 15min closing, turn long, cut loss at previous low of 15min + 3points.
if FKLI >1176 on high, close half position. wouldn't not turn long yet.
if FKLI 1176 < x < 1167, stay out or short on rebound.
if FKLI < 1167, short signal, short, cut loss previous 2 bar 15min high + 3 points.
if FKLI <1160.5, short signal, short, cut loss previous 2 bar 15min high + 3 points.