FKLI 25th Aug 2009

As yesterday,
overnight position 2 level, @1164.5, @1179
cut loss all position at 1184.5
intraday cut loss loss 3 points

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

Outlook,
critical moment,
if can close above 1180.5, bear trend in jeopordy.

strategy,
if FKLI >1180.5 on 15 minute close, cut all short position, turn long, cut loss at previous 15 min bar low.
if FKLI 1174.5 < x < 1180.5, stay calm, don't go in yet.
if FKLI <1174.5 on 15 min close, short signal, short, cut loss at previous 15 min bar high +3 points.

if FKLI <1169 on 15 min close, short signal, short, cut loss at previous 15 min bar high +3.