FKLI 27th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1177, @1184.5

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

Outlook,
still bearish.
but resistance at 1176 and 1182.

strategy,
if FKL > 1182 on high, clear all position.
if FKLI > 1176, clear partial position, take profit.
if FKLI < 1167, sell signal, short, cut loss at previous 15min bar high +3 point on high.
if FKLI < 1160.5, sell signal, short, cut loss at previous 15min bar high +3 point on high