Instead of shorting at 913.5, I went long at 925 i.e +2 pts above the last high.
A significant event, the daily MACD cross today. So come Monday, there wud be a lot of people looking at this daily chart and said Heh ! it had cross. Time to buy. Wud it go up ? I do not know but time wud tell.
Trade #5 is long at 925. Stop loss is 917.5
Friday, September 09, 2005
Trade #4 : Sell stop at 913.5
If FKLI falls further, short position is triggered at 913.5, below 50MA
10:00 am - Profit objective for Trade #4 hit at 915.5
Small profit for +3.0 pts as I am trading countertrend.
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