My stop is at 919. So if I get stop out at 919, I lose 2 pts only.
Rgds,
-Martin Wong-
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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My stop is at 919. So if I get stop out at 919, I lose 2 pts only.
Rgds,
-Martin Wong-
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-
It is a very powerful trend indicator. Below 50MA, prepare to go short and
above 50MA, go long instead.
Rgds,
-Martin Wong-
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-
The FKLI mkt broke the 918.5 and touch 920.
Rgds,
-Martin Wong-
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-
Holding on 914/915. Long Position entry wud be still 918.5+2 pts @ 920.5
pts.
Have Patience.
Rgds,
-Martin Wong-