6:06 pm - trail stop to 1222.5

7:37 pm - FKLI April contract long 1229.0

Stop loss at 1214.5

12:36 noon - FKLI April is looking good for a long position

Wait for confirmation when MACD cross over.

12:30 noon - Iran strikes US Navy and our cash mkt drops !

The FKLI is down -37.5 pts now.

12:05 noon - FKLI has crossed down since 23 Mar

Finally, FKLI is trading below 50MA and I am interested to short now.

12:04 am - Cash break down at 12 noon & if it close lower than yesterday low

This is a short trade opportunity !

5:59 pm - Trade is stopped out at 1234.5

Loss of -0.5 pts

12:00 am - Trail stop to 1233.5

11:30 am - FKLI move stop to 1128.5

10:40 am - Trail stop to 1220.0

9:18 am - Waiting for MACD to cross up but....

MACD shud cross up in the next hrs or so but it failed the 7 line change at 1164.5.

To go long, FKLI has to overcome resistance of 1164.5

9:18 am - Short position stopped out yesterday at 1133.5

Biggest loss so far -17.5 pts.

10:17 am - Trade #12 shorted at 1116

MACD cross down and below 50MA. Stop loss at 1141.0

9:51 am - Trade #11 stopped out at 1169

Loss of 3 pts.

11:04 am - Trade #11 is triggered long at 1172

Stop loss at 1153.

5:06 pm - Stopped out at 1115.5

Profit +15.5 pts

9:19 pm - Trail stop to 1087.5

10:45 am - MACD cross up - Went long at 1100

Stop loss at 1066.25

3:31 pm - Stopped at 1078.5. In morning and out afternoon

Profit +21.5 pts.

1:06 pm - MACD cross down and short at 1100 for trade #10

Stop loss at 1111.5 now.

3:36 pm - FKLI MACD cross over but there was no line change.

You have to wait for the line change to take out the high at 1153.5 to go long.

10:13 am - FKLI is holding up. Wait for MACD to cross up

Rather than buying on breakout. Buy on pullback at 50% when MACD had crossed. That way, your risk is smaller.

11:27 am - FKLI for Mar MACD crosses up but cannot take out the high of the yesterday

To go long, you need FKLI to take out the high 1190. Else no trade at this stage.

ATR is 19 pts. So, your stop is around 47.5 pts.

Too much for me.

So stay out ! else switch to shorter time frame e.g. 15 mins or 30 mins.