9:44 am - FKLI open weak at 932

Looking to short the market. However, FKLI has not crossed the 50 MA. No
signal to short yet.

Rgds,

-Martin Wong-

5:08 pm - Call Broker to close trade #11 at 932.5

Trade #11 closed at 932.5 = +3.5 pts.

Rgds,

-Martin Wong-

3:41 pm - FKLI won not break down beyond 932.

Watch out the Bollinger Band, it is narrowing now. Watch out for the MACD
cross up if it is crossing.

My stops is higher at 931.5

Rgds,

-Martin Wong-

1:26 pm - MACD had crossed down.

I can take profit at 933 but I choose to let the FKLI to take me out.

Rgds,

-Martin Wong-

1:05 pm - Cash is down 4 pts but FKLI is holding on

My stop stay at 931.0

Rgds,

-Martin Wong-

3:31 pm - FKLi selling down and MACD abt to cross down

I move up my stop to 931.0 which 3 ticks below today low at 932.5.

I wud let the mkt take me out.

Rgds,

-Martin Wong-

1:08 pm - FKLI closed for lunch @ 937.5 with High 938.5

A close above 936 is very good today. My stop remained at 930

Rgds,

-Martin Wong-

12:01 noon - FKLI wud experience some selling today

Trail my stop to 930 way past my entry point.

Rgds,

-Martin Wong-

5:19 pm - Out until now & trade Trade #11 at 929

Finally, the peg is abandoned and the Fkli shot up but close at a discount
-7.69 pts. The good news is that the closing of cash overtook the opening of
today. So I do not see a selling so soon yet. But who knows !

My trade #10 was closed yesterday just before MOC at 918.5. Luckily for me
else I wud have to get out today at the opening at 927.

Trade #10 : -0.5 pts.

I did something bad today i.e. in the morning. I did not plan for Trade #11
but traded without my charts. I traded based on my entry price wud be 923.5
if it opens today. The market open at 927 and went down to 924.5.

I place my 929 at 9.15 am and executed and it went down to my stop. My
disaster stop is at 6.5 pts which is at 922.5.

I WAS LUCKY as the today low's is 923. Else I wud out with a loss instead a
win today. My current stop is at 926.

I know I have to take the trade today even if I have not the charts in front
of me. I WAS LUCKY TODAY.

Let's see how the trade #11 wud end on Monday 25 July 2005

Rgds,

-Martin Wong-

4:57 pm - Trail my stop to 921.5

4:47 pm - Trade #10 not working out very well !

I wud closed off Trade #10 at the end of the day or first profitable opening on Friday. I have to watch very closely the MACD and 50MA. My stop is at 922 and I wud go long at 923.5/924.

I wud not use a ATR stop here but go out with a small profit.

12:57 noon - Trade #10 is a short position at 918

Rgds,

-Martin Wong-

10:37 am - Trade #9 was triggered @ 924 during 5 pm selldown.

This morning FKLI gap up - difficult to trade as I am not sure as it can go
either way. However, by 10:30 am, it is obvious that it is profit taking
day. Mkt zoom down to 916. Some one is holding a very big size contract. I
bet this guy is hurting if he bought at 920 and above.

Trade #9 : +3 pts. small profit. If you cannot be happy with small profit,
you can never trade well.

Trade #10 is setting up now. However, the short signal set up is not great. You have the low at 916. Place Trade #10 short at 918. Stop at 922. Unless FKLI break 914 or lower, this trade is not profitable. Beside, I am trading counter trend.

BTW, i am having a fever and told some medication. I need to rest else I wud not trade well.

Rgds,

-Martin Wong-

11:23 am - FKLI hit new high at 929

Thus, bring my stop higher to 922.

Rgds,
-martin-

10:58 am - Trail my stop higher to 920

FKLI break 926.5 and critically touch last high 927.5.

Rgds,
-martin-

10:54 am - Cash breaks 920 for the 2nd attempt.

It is interesting to note than when cash breaks 920, fkli breaks 925. There must be a lot of desperate trader trying to get in now.

Think of selling now.

Rgds,
-martin-

10:46 am - Stay with the long position trend.

Stop is in place @919. If cash mkt close above 920, it is good day.

The resistance at 925 is hard to break. Shud I worry ? No, the fkli wud do
what it wanted to do - up, down or sideway.

Rgds,

-Martin Wong-

5:15 pm - Indeed the FKLI closed above 918.5 i.e. 923.5.

My stop is at 919. So if I get stop out at 919, I lose 2 pts only.

Rgds,

-Martin Wong-

4:31 pm - Just follow your system

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-

3:34 pm - Watch out for 50MA on the FKLi hrly chart.

It is a very powerful trend indicator. Below 50MA, prepare to go short and
above 50MA, go long instead.

Rgds,

-Martin Wong-