***** 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 21, 2005

Thursday, July 21, 2005

4:57 pm - Trail my stop to 921.5

4:47 pm - Trade #10 not working out very well !

I wud closed off Trade #10 at the end of the day or first profitable opening on Friday. I have to watch very closely the MACD and 50MA. My stop is at 922 and I wud go long at 923.5/924.

I wud not use a ATR stop here but go out with a small profit.

12:57 noon - Trade #10 is a short position at 918

Rgds,

-Martin Wong-

10:37 am - Trade #9 was triggered @ 924 during 5 pm selldown.

This morning FKLI gap up - difficult to trade as I am not sure as it can go
either way. However, by 10:30 am, it is obvious that it is profit taking
day. Mkt zoom down to 916. Some one is holding a very big size contract. I
bet this guy is hurting if he bought at 920 and above.

Trade #9 : +3 pts. small profit. If you cannot be happy with small profit,
you can never trade well.

Trade #10 is setting up now. However, the short signal set up is not great. You have the low at 916. Place Trade #10 short at 918. Stop at 922. Unless FKLI break 914 or lower, this trade is not profitable. Beside, I am trading counter trend.

BTW, i am having a fever and told some medication. I need to rest else I wud not trade well.

Rgds,

-Martin Wong-