***** Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly at 03 4252 4149 to enroll ! ***** The Importance of Being A "Honest" Trader :-) martin_tf_wong@hotmail.com: Jul 19, 2005

Tuesday, July 19, 2005

5:15 pm - Indeed the FKLI closed above 918.5 i.e. 923.5.

My stop is at 919. So if I get stop out at 919, I lose 2 pts only.

Rgds,

-Martin Wong-

4:31 pm - Just follow your system

If I have backtested thoroughly the system, just follow it and I wud be in
the best place to place my trade.

In this case, I have entered long at 921 away from the rest of the crowd
(mkt is hitting 925). It is comfortable trading from here.

Read Mark Douglas "Trading in The ZONE". This is the area that Douglas is
talking about.

Rgds,

-Martin Wong-

3:34 pm - Watch out for 50MA on the FKLi hrly chart.

It is a very powerful trend indicator. Below 50MA, prepare to go short and
above 50MA, go long instead.

Rgds,

-Martin Wong-

3:32 pm - Broke thru last high 921.5 and tested 922.0

Rgds,

-Martin Wong-

3:09 pm - It is important to see where FKLI wud close today

From the pivot calculation, if it closed above 918.5, it is a good day else the trade wud not work out.

2:51 pm - Trade #9 is on long position. Park at 920.5 and got it 921.

I now parked my disaster stop loss at 915.5. (It remind to put in my buy
stop at 920.5 earlier than 10:51 am, else I wud not have slippage of 0.5 pt. )

I think it is best to put in before the mkt opens.

Rgds,

-Martin Wong-

12:11 am - My long order for 920.5 is with my broker

The FKLI mkt broke the 918.5 and touch 920.

Rgds,

-Martin Wong-

11:26 am : Again the Bollinger Band is narrowing and ATR dropping

The FKLI bands are going to explode. Which way ? I do not know. Just go with
the flow. For short position there's strong resistance at 914/915. That's
leave the long side.

Watch the market.

Rgds,

-Martin Wong-

11:24 am - Watch out for MACD to cross up for Long Position

Holding on 914/915. Long Position entry wud be still 918.5+2 pts @ 920.5
pts.

Have Patience.

Rgds,

-Martin Wong-