As yesterday,
My short position covered due to 15 min closing above 1064.
profit 5.5 point/lot
Result:
2safe, 2 losses, 1 win
For FKLI,
yesterday, sideway trading for FKLI.
triggered my stop.
so tempted to short again.
but follow planning, wait for tomorrow.
protect profit first.
Outlook:
Bearish. if 1078 not break.
Strategy for trading:
If FKLI traded <1067, bearish. Mostly stopped here. Hold short position while cut loss at 1078.
If FKLI traded >1078, bull signal. Stay out, see clearer direction. Wait for entry price.
If FKLI traded 1067 < x <1078. Stay out, wait for confirmation.
If FKLI traded <1055, Short. Sell signal confirmed.
Short position must be cautious at support levels 1050, 1047, 1030, 993.
Things to observe,
Tonight Dow Jones closing
Wednesday, consumer credit report.
Tomorrow early morning Nikkei trading.
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Dow Jones -160++
ReplyDeleteNikkei drop -100++
market should be open lower.
still waiting FKLI to break 1055 in 15min closing.
ReplyDeleteShort signal appeared
ReplyDeleteFKLI 15min closed below 1055.
seems like 1052 fail to breach......have to be cautious.
ReplyDeleteresistance at 1060
FKLI stop triggered.
ReplyDeletelosses in Intraday.
wait and see clearer picture.
such a disappointing trading for me........
ReplyDeletehave to think back