This blog website represents my daily trading positions and thoughts on how I trade the futures and commodity and allows others to view and understand the Importance of Being a "Honest" Trader.
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Wednesday, February 08, 2006
11:25 am - After wash up to 928, FKLI prepare to selldown
FKLI 50MA is at 921.5 and FKLi is low at 922.0. However, the MACD is the middle. So there is no setup but a short signal.
Stay out until it cross down and below 50MA.
Yes, this is a good location to short but it is NOT part of MACD setup.
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