9:05 am - FKLI trade #5 is stopped out at 897

Slippage of +0.5 pts. Profit +14.5 pts.

12:11 am - Trail to 897.5

11:10 am - Trail stop to 893

10:49 am - Trail stop to 892.5

3:01 pm - Trail stop to 889.5

10:29 am - Trail stop to 888.5

4:21 pm - Trail stop to 887.5

10:43 am - Trail stop to 887.0

9:08 am - FKLi gap up to 890

Trail stop to 885.5

3:19 am - Trade #5 is trailed to 879.0

12:29 pm - FKLI is triggered long at 882.5

Stop loss at 877.5

10:34 pm - FKLI did not had a 7 bar l/c

There were no short signal yesterday.

10:21 am - FKLI MACD abt to cross down and below 50MA

The short signal is here soon. Be ready to short at 875.5.

Due to the sideway market. SHort when the market pullback abit.

SHort at higher

9:36 am - FKLI MACD is still up.

No long or short signal yet.

THE cash mkt is still weak. The foreigner had cleared out, so what is left is the local funds holding the mkt. If the foreigner don't come, the mkt wud move sideway for a very long time.

The cash has a good support at 880-885.

Weekly pivot
R1 = 916.6
P = 899
S1 = 881.3

To see an uptrend, it has to clear 900 convincingly.

9:34 am - DJIA +200 pts certainly push up thing

The FKLI is directionaless and sometime like +200 pts from DJIA wud make the gap up interesting.

By following the system and not shorting after being stop out for trade #4, we wud avoid big losses. Imagine short at 877 and mkt gap up to 887.

Follow the systems

2:49 pm - Trade #4 stopped out at 877

Loss of 3.5 pts.

9:42 pm - FKLI gap up to 881 and straight to 885

Trail stop to 876.5 for trade #4

4:54 pm - FKLI turn up and down.

Long at 880.5. Stop loss at 875.5

2:28 pm - FKLI MACD is abt to turn up.

Be ready to go long when it cross up. FKLI trading at 22 discount.

10:14 am - Trade #3 is a win on the short side.

Trade #3 was triggered short at 884.5 and got out this morning at 878.5

Profit is 6 pts.

10:42 am - FKLI MACD had turn up

It must clear 896.0

11:09 am - Trade #2 is stopped out at 896.5

Profit +14 pts.

2:55 pm - Trail stop to 896

Trail trade #2 to 896

12:02 pm - Cash is dropping below 200MA

This is a significant event for everything cash falls below 200MA, there is a program selling happening.

11:37 am - FKLI selldown today.

Trail my stop lower to 903. Trade #2 is in the money.

The FKLI is trading at 20-22 pts discount. It can go lower to 25-27 and at 30 pts, arbitraguer wud push the discount back. Watch out to go long for countertrend.

4:17 pm - Short at 910.5 as FKLI had turned down.

Stop loss at 912.5 for Trade #2

1 pm - FKLI get hit today.

I was out from my long position with a small loss yesterday . Again. my atr stop works !

10:16 am - Trading FKLi is tough - market just moving sideway

When FKLI cross up and then it cross down, there is no trend at all not even for 2 days.

12:38 am - FKLI June contract short at 904

Stop loss at 905.5

11:35 am - Trade #20 for June contract executed on 28 May stopped

There was a long signal last Thur - went long at 913.5 and got stopped out before 5 pm at 911.5.

The DJIA had another +180 pts drops. Market gap down extreme. The system got me out before disaster struck.

Think of going short at this point for June contract. The short signal is on. Long to short at pullback from high to minimize loss.

12:33 pm - FKLI is undergoing bullish divergence soon.

Besides, the June contract is at 14 discounts.

10:26 am - FKLI institution rollover is happening.

12:04 pm - Stopped out at 919.0

Loss of -5 pts.

11:38 am - Trade #19 triggered long at 924.5

Stop loss at 919.0

9:59 am - FKLI MACD have crossed up. Long signal is on.

Trade #19 is on. Trying to get in at 924.5

9:54 am - Trade #18 stopped out at 923.0 yesterday

Profit +17 pts.

10:26 am - FKLI wud not go down further other than 916.5

Trail stop to 923.0

8:37 pm - Significant of trade #18

After a huge gap down and loss of 10 point for trade #17, the next trade wins its all back (trade #18 is in the money 16.5 pts) . It is interesting that for every trade that you lose, there is another big winner waiting for you.

8:34 pm - Trade #18 is triggered short at 940 on 18 May

Short at 940 when MACD cross down. Today, cash experience its biggest fall. I think there wud be more fall. If short, maintain position, else look to short back at 922.5

Stop loss at 923.5

9:24 am - FKLI gap down EXTREMELY

My stop at 945.5 triggered at 940.0. Due to 200+ pts loss of DJIA, our cash mkt has to go down. This week saw DJIA lost -500 pts due to higher inflation and FEd interest rate hike.

The bullish days (I think is over) and look for opportunity to short on pullback.

I am clearing all my stock portfolio for clients.

Last Black Monday for DJIA to experience 1987 Oct 10 was -500 pts drop. Are we seeing a repeat ?

10:15 : FKLI long position is triggered at 950.5

Stop loss at 944.0

8:40 pm - FKLI came down close to 957 but my stop at 956.5

I survive for today. I hope to do better tomorrow.

Stop is at 956.5

10:59 am - Trade #15 is long at 951

Stop loss at 947.5

9:27 am - FKLI just gap up due to TNB single share

THE MACD has cross up. Long position is on but waiting for a good entry.

I tried to enter yesterday but did not get my price filled at 945.5

Good entry at 950.0/950.0

5:17 pm - FKLI abt to cross up.

Cash took a turn and decide to breakout on the last 1 min.

Tomorrow wud be an interesting day. Look to go long on dips provided MACD have crossed up.

5:01 pm - Cash appearing to be reversal.

Appear a reversal bar at the top.

5:01 pm - FKLI cross down again.

Look to go for long.

4:28 pm - Trade #14 is stopped out at 944.

Break even trade +1 pts.

9:52 am - Move stop higher to 944.0

2:56 pm - Stop at 941.0

9:55 am - Trade #14 long at 943

MACD cross up for May contract.Stop loss at 940.0/940.5

11:14 am - Trade #13 ended with 3 pts profit.

FKLI May MACD had cross down and is trading below 50MA. This is the last day of April contract. Wait for May 2 to trade and signals are mixed.

11:07 pm - Trail stop to 940.0

Trade #13 is in the money.

FKLI is only few points from the historical high at 954.5

9:37 am - FKLI May Contract long at 938.5

Sell stop at 936.5. This is trade #13

4:18 pm - Trade #12 is out at 940

Today, there is a lot of short covering in the morning as the short did not work.

FKLI MACD abt to turn up. At this junction, go for May contract so we can rollover to the next mth.

4:56 pm - Trade #12 is shorted at 938.0

Stop at 941.0

11:03 am - Trade #11 is stopped out at 941

Long at 943 and got out at 941 with a loss of -2 pts.

The FKLI now has turned down - MACD had crossed down and sell signal is on. FKLI is dippg below 50MA.

Daily pivot
R1 = 946.0
P1 = 943.5
S1 = 940.5

12:20 pm - FKLI cross up and long signal

FKLI traded higher and broke up. Trade #11 is long at 943.0

Stop loss at 941.5/941.0

10:42 am - FKLI MACD abt to turn down.

No short selling since it is above 50MA.

10:24 am - There were no long signal on last gap up

MACD cross up but there were no 7 bar line change. So no trade took place.

Although the FKLI gap up to 936 and ran up to 943.

We are seeing some strong resistance at 943/945.

9:52 pm - Trade #10 ended with a loss -1.5 pts

Trade #10 is a loss. Entry long at 933.5 and stop out at 932.0 today.

Daily Pivot for tomorrow is
R1=935.5
P1=931.5
S1=927.5

To go short either take the breakout of 927.5 or short on pullback.

At this point, I may want to short on pullback.

FKLI MACD had crossed down and below 50MA. Signal - Time to go short.

10:12 am - FKLI is ready to cross up

MACD cross up and buy signal at 935.0/934.5

Daily Pivot:
R1 : 934.5
P : 932.0
S1 : 930.0

9:36 am - Wait for MACD to cross up

Long position shud be at 935.5/936.0

10:08 am - MACD has crossed down.

If it break down to 930, this is definitely a short day. I think it wud hold and move sideway before thrusting upward.

Wait for MACD to cross up and long signal at 940.5/941.0

2:35 pm - Wait for the MACD to cross first

At this stage, it is silly to short the market unless for quick 2-3 points profit.

Wait for the MACD to cross up.

10:36 am - Take profit at 939 as it reach high of 944 today.

Profit of 14 pts for trade #9.

10:52 am - FKLI finally broke thru at 934

Trail stop to 930.0.

Is FKLI finally trending up and breaking new high to 935.0. Wait till it break 937.0 and it is a new high.

10:06 am - Trail stop to 929.0

Trade #9 is in the money.

6:39 pm - Trail stop to 924.5

Just 0.5 pts from B/E

4:56 pm - Trail stop of Trade #9 to 921.5

3:47 pm - Trade #9 is long at 925

Stop loss at 921.0

1:38 pm - FKLI abt to cross up

Set up is here. And be ready for MACD to cross. Buy potential at 925/926

11:45 am - A wider stop of 3.0 ATR before 11 am wud be better

A 3.0 ATR stop before 11am can counter the volatility giving our stop at 926.5 , a 0.5 pts above today high so we wud not be stop out.

10:15 am - FKLI gap up to 925

FKLI April mkt gap up and hit my stops at 926.0

Trade #8 is out with -3 pts loss.

Can a wider gap at 926.5/927 wud do the trick ?

We shall see at the end of today.

4:59 pm - FKLI April hits lower to 921.5

trail stop lower to 925.5/926.0

2:56 pm - Short April at 923.0 for trade #8

Stop loss at 927.5

11:29 am - Cash is turning south.

FKLi MACD had crossed yesterday. We are targeting April contract from now. After MACD crossed down, we can take short signal at 923 for breakout or short on pullback
at 927/927.5.

The order for short is for today which is within the 7 line bar change since MACD cross down.

Daily April Pivot
R1 = 932.0
P = 929.33
S1 = 926.5

12:28 pm - Stop triggered at 932.5

trade #7 is out at 12 pts profit.

9:47 am - FKLI hits higher to 935.5

This is the higher it got since last high. Trail stop to 932.5

5:19 pm - Stop at 930.5

In the money +10 pts for Trade #7

5:07 pm - cash mkt break 932 and above.

It is important that FKLI break 932.5 and higher. Trail stop higher to 930.5

11:25 pm - FKLI still remained at 932.5

Trail stop to 929.5/930.0

5:12 pm - FKLI hits 932.5

Trail stops to 930.

5:02 pm - FKLI hit 931

Trail stop to 928.5

4:54 pm - FKLI hits 929.5

Trail stop to 927.5 for trade #7

4:31 pm - FKLI hits 929 again

Trail stop to 926.5

10:42 : FKLI gap up to 929

Trail stop to 926.5

12:30 noon - FKLI is trading at par now to cash mkt

It still has 5 days to closing and wud see FKLI pullback on Monday before it converge on friday.

12:29 pm - FKLI hits 926.

Trail stop loss to 923/923.5

10:23 am - FKLI hit high at 925

Trail stop to 922.5/922.0

11:26 am - FKLI trade #7 is long at 920.5

FKLI MACD cross up and 7 line change occur for buy signal.

Stop loss at 918.5

8:21 pm - This is the worst that can happen to a trader

THe FKLI market average daily range is 2.5 pts. What a day ? The mkt is moving sideway and the volume is so low at 795 that everyone goes into sleep.

5:48 pm - FKLI trade #6 ended with -0.5 loss

Stop out at 918.5 with entry at 919 for long position.

9:35 am - FKLI hits 919.5

Trail stop to 916.5.

3:41 pm - FKLI hit 918 and MACD cross up

Buy signal is up. Trade #6 is long at 919.0

Stop loss at 915.5

11:18 am - FKLI trade #5 is stopped at 918.0

Loss at 2.5 pts.

3:33 pm - FKLI Trade #5 is shorted at 915.5

MACD had crossed down with 7 bars line change and below 50MA. All short setup and short signal is triggered.

Stop loss is 918.5/919.0

11:58 am - FKLI is not going anywhere

Wait for the setup.

5:02 pm - Stop out at 918

No loss. MACD had turn down. Looks like it is sideway from here onwards.

3:42 pm - Trail stop to 918.0