FKLI 28th Aug 2009

As yesterday,
still holding, @1164.5 cut loss at 1183.5
1179 took profit at 1173.5, profit 6.5 points/lot
no intraday trade.

Results,
3 safe, 0 con, 11 losses, 7 win.
Average -12 points/lots

Outlook,
resistance at 1168.5, 1166,
expect some rebound today.
but still higher to short.

strategy,
if hourly <1178.5, short, cut loss at 1182
if FKLI <1176 on 15 min closing, short, cut loss at 1182
if FKLI 1171.5 < x < 1176, stay out, better short on rebound.
if FKLI <1171.5 on 15 min closing, mild sell signal, short, cut loss 15 min high+3 points
if FKLI < 1167, sell signal, short, cut loss at previous 2 bar high +3 points