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

10:00 pm - Trade #5 is long at 918.0

Stop loss at 914.5. FKLI MACD cross up and long signal is on.

2:35 pm - FKLI is near is 61.8% retracement high of 919

FKLi high was at 918 and near 919.5/920.0. If it can break this resistance, FKLI is trending higher.

4:15 pm - FKLI has broken above 50MA at 912

The FKLI did break upside at the middle of MACD, it maybe due to short covering by EOD trader. The short covering by hrly trader was yesterday.

Yes, we do miss this kind of run.

Upside capped at 919.5/920.0 at 61% retracement

10:02 am - FKLI has broken 910.5

FKLi is the middle of MACD so no buy signal. Let this one thru.

3:08 pm - FKLI has cross up and not break 910.5

FKLI is already in the midst of MACD. No long signal despite there is a long setup

9:51 am - FKLI is showing bullish divergence

As the price is dropping lower, but the MACD is moving higher.

A good setup for long position is in the making.

The long entry is at 911/911.5

9:51 am - FKLI Trade #4 is stopped out

Stop loss at 909. Loss -4 pts.

4:25 pm - Trade #4 is on - Short at 905

stop loss at 909/909.5

4:21 pm - FKLI short setup and short signal on

Short at 905.0

3:17 pm - FKLi selldown to 907.5

FKLi cannot break upside of 912.5

11:42 am - After 4 days of consecutive down days

This is a short covering activities where shortists cover their short position by going long and we see a upsurge in the FKLI.

11:15 am - Cash is currently at 50% retracement of Fibonacci

This is a common pattern of Cash mkt retrace to 50% of the mkt at 911.3

10:54 am - FKLI did cross up and long setup is on

Look to buy if it break 912.5

4:52 pm - FKLI : Look to go long at 915 pts.

The daily pivot is 916.33, R1 = 919.58 and S1 = 913.0

FKLI need to stay about 913 for long setup.

4:35 pm - FKLI has been down for 4 consecutive days

There is a high chance of the FKLI to rebound after 4 days of down. Yes, we did miss the short signal but we do not catch them all the time.

Remember risk and money management to prudent futures trading.

Watch for the long setup and buy signal.

6:35 pm - FKLI could cross up and selldown

FKLI cud not cross up to 920.5 and beyond and roll down hill.

There was no opportunity to long and it is in the downtrend as MACD had cross down.

3:55 pm - Alert for long setup at 920.0/920.5

Wait for these level for long setup

12:10 pm - FKLI hit low at 916.0

FKLI is overweigh to selldown.

10:31 am - Cash was oversold yesterday. Wait for long set up

12:26 pm - FKLI did not cross up and selldown

Wait for 50 MA to cross down to go short. But not now.