5:07 pm - FKLI selldown from 4.30 pm onward

It is the usual syndicate to cash out their short position by pushing the price up prior to 4.30 pm and selldown to 910.0 pts.

This makes it difficult to trade with these professional and able to make money from it.

So stay out.

10:04 am - Stop loss trigger at 910

Crude oil hits US70 per barrel. Cash lost 7.1 at 12 noon.

Trade #1 loss -6 pts.

Shud I turn short at this time. Probable not - at least until the expiration of FKLI Aug contract.

5:07 : Trade #1 Long position triggered at 916.0

Stop loss is at 910.0

Results of last 20 trades - Net Profit

The last 20 trades generate RM1390 of profit (1 contract) inc. commission fees over the last 2 mths.

% of Winnings = 55%
% of Losing = 45%
Average Winnings per trade = RM 275
Average Losses per trade = - RM148
Largest Win = RM845
Largest Loss = - RM 280
Profit Factor = 1.85
Reward/Risk = 1.9
Expectency per trade = RM 84.65

As such, I am resetting the trades no to No. 1 again and repeat the results of the next 20 trades.

4:33 pm - Trade #20 stop out at +3 pts profit

Trade #20 is being stop out at 921.5 pts with +3 pts profit.

4:30 pm - FKLI hit high 928.5

Trail stop loss to 922.0 and allow 0.5 pts as buffer. Stop loss at 921.5

1:25 pm - Stop loss for is set at 917.5

If tomorrow open is a gap up, set stop loss at 917.5. May take profit at 25 bars. As 21 Aug, 12 bars has occurred.

4:30 pm - Trade #20 is triggered at 918.5

MACD cross up with 7 bar line chg. Trade #20 is triggered to go long at 918.5 pts.

Stop loss at 912.5 pts.

1:20 pm - Stop triggered at 915.5

Trade #19 end with zero pts loss.

9:45 am - FKLi gap up and begin a selldown

Long position guys trying to cutthroat the markt today.

9:34 am - Trade #19 short position triggered at 915.5

Trade #19 is short as MACD cross w 7 bar line chg.

Stop loss is at 918.5 - Buy stop.

10:29 pm : Gap down and hit 917

Trail stop to 922.5.

Stop out in the afternoon with -1 pt loss. Trade #18 is hit with a loss.

9:55 am - DJIA fell by -120+ pts.

FKLI would gap down and continue to sell down. Trail stop to 922.5. If I get stopped out, it wud be a loss of 1 pt.

5:19 pm : Trade #18 trail stop to 923.5

Trail stop at 923.5

3:04 pm - FKLI hit low of 919.5

Trail trade #18 to stop loss - buy stop at 925.0

Trail stop to 924.5

1:57 pm - Trade #18 is triggered at 921.5

Despite being stop out, my system is calling a short position. As I was not at my terminal, I did not short the FKLI.

Despite it, it is a short position trade. My stop loss is 928.0 pt.

1:52 pm - Trade #17 : My stop is hit at 929

Trade # 17 stop loss is hit at 929.0 After being hit, the FKLI sell down all the way to 920.5 pts. This is trading, you get hit some time and the market goes without you,

Trade #17 Loss -0.5 pt.

I feel "bad" after I have being stop out. But it is ok, as the mkt wud always be there.

5:18 pm - FKLI closed at 924.0

Today low of 923.5.

Trail stop to 929.0

4:05 pm - Cash mkt did hit below 930. Look at what STAR paper is saying today

FKLI index is bullish this week. Interesting ?

FKLI hit low of 924. Can it go any lower ? I do not know.

Trail my stop lower to 930. At this point, my loss will be -1.5 pt.

Rgds,
-martin-

3:09 am : FKLI hit low of 924.5

Watch cash mkt if it break 930.0 today. If FKLI close below 928.0, the trend is down for the time being.

1:00 pm - Stop at 932.0

Trail stop to 932.0

11:28 am - Trade #17 is shorted at 928.5

My order is triggered and FKLI has gone lower to 926.5

10:48 am - FKLI did hit 937 and took out those short position

MACD looks to be crossing down and still below 50 MA. ATR stop is 930.5. Watch this level of 930.5.

If this level of 930 is breached for the third time, this is serious.

Second confirmation Bollinger Band is narrowing.

Trade # 17 is going to be short position at 929.5 or above.

FKLi is breaching 930 for the third time and a good sign to go short.

3:51 pm - MACD cross up at 12 noon

FKLI did cross up but did not break out from 937. If it does not break out 937, the market is not going to support it.

The market gap up higher and begin to sell down. This is a FKLI characteristic when DJIA close higher. This is a short pattern setup to short. It did break down to 927.5 and MACD cross up again. So, I cannot really make money from it. The market is moving sideway for Friday. Also no big inst. is coming to hold over weekend position.

3:21 pm - FKLI hit today high at 936. Trade #17 ready at 937

Wud my stop order be taken ? I wud like the FKLI to prove to me.

Rgds,
-martin-

12:24 pm - Stop triggered at 933.5

Trade #16 is hit with a profit +5 pts.

Preparing for Trade #17 for long position at 937.0 if it does come.

Since Trade #17 is counter trend based on below 50MA. I have to take quick profit for this.

Rgds,
-martin-

12:22 noon - FKLI is forming a bowl shape at 930

Watch for reversing up.

Tightening stop to 933.5 stop.

11:38 am - A pivot is formed at 929

A pivot is formed at 929, to go further downtrend, FKLI has to trend lower past 929.

11:33 am - Trail my stop lower to 934.0

If the FKLI moves up or close to 937.0/937.5, it wud signify the 3 days of downtrend is over and buyers are coming back into the scene.

10:25 am - FKLI hit low of 929 and rebounded

Is this a sign of a rebounding ? If cash mkt close lower, then this is the 3 days consecutive down days - giving a chance for rebounding to go uptrend. Do not trend against odds.

MACD cross up at 3 to 4 days. Either today or Friday is the short term reversal. Still I wud think of going short as long as it is below 50 MA.

Trailing stops at 934.5.

10:09 pm - Trade #16 is triggered short @ 938.5

Trade #16 is triggered after 7 bar line change after MACD cross down.

Disaster stop loss is at 945.0 and trail to 937.5 pts.

The FKLI is below 50MA. Think of shorting and I believe the FKLI is reversing to long to short.

3:53 pm - Trade #15 Stop loss triggered

As soon as the market is opened, my stop is triggered at 948.

Loss -4 pts.

Heh ! I am happy with a stop. The question is shud I reverse today ? My backtesting result is no. I wud only reverse if I have more than 20 bars in profits before reversing my position.

Rgds,
-martin-

4:07 pm - FKLI is strong if closed above 949.5/950 today

Looking to see how FKLi wud close today ?

Trade #15: Long position triggered at 951.5

Trade #15 triggered to go long at 952.0. Stop loss 945.0

6:42 pm - Preparing for Trade #15 to setup.

Waiting for MACD Hrly to cross up which shud be above 952.5/953.0
is my long signal.

Rgds,
-martin-

6:39 pm - Trade #13 trailing stop triggered

At 8.45 am today, trail stop higher to 953 and was hit at 9.30 am and reverse, turning short when mkt is selling down. Total profit

Trade #13 profit is +15 pts.

Trade #14 is short at 935.0 and took profit when FKLI hit 949.5 with 3.5 pts.

Trade #14 profit is +3.5 pts.

5.00 pm - Cash vol is hitting above 800+ mil

Sign of foreign funds are in force.

4:55 pm - FKLI is becoming super bullish, Hit 5 year high at 959

Watch for the profit taking, watch out for the MACD cross down. Prepare to take profit at 952.5. Trailing stop is at 952.5.

8:27 pm : Trade #13 executed long at 938

The long signal came early at 9 am and long position established. Stop is at 943.5