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.
Be true to your work, your
word, and your friend.
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Thursday, March 01, 2007
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.
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