4:32 pm - The FKLI is going to sideway.

If there is any trade #2, it has to break out of 908.5

5:07 pm - FKLI selldown from 4.30 pm onward

It is the usual syndicate to cash out their short position by pushing the price up prior to 4.30 pm and selldown to 910.0 pts.

This makes it difficult to trade with these professional and able to make money from it.

So stay out.

10:04 am - Stop loss trigger at 910

Crude oil hits US70 per barrel. Cash lost 7.1 at 12 noon.

Trade #1 loss -6 pts.

Shud I turn short at this time. Probable not - at least until the expiration of FKLI Aug contract.

5:07 : Trade #1 Long position triggered at 916.0

Stop loss is at 910.0

Results of last 20 trades - Net Profit

The last 20 trades generate RM1390 of profit (1 contract) inc. commission fees over the last 2 mths.

% of Winnings = 55%
% of Losing = 45%
Average Winnings per trade = RM 275
Average Losses per trade = - RM148
Largest Win = RM845
Largest Loss = - RM 280
Profit Factor = 1.85
Reward/Risk = 1.9
Expectency per trade = RM 84.65

As such, I am resetting the trades no to No. 1 again and repeat the results of the next 20 trades.

4:33 pm - Trade #20 stop out at +3 pts profit

Trade #20 is being stop out at 921.5 pts with +3 pts profit.

4:30 pm - FKLI hit high 928.5

Trail stop loss to 922.0 and allow 0.5 pts as buffer. Stop loss at 921.5

1:25 pm - Stop loss for is set at 917.5

If tomorrow open is a gap up, set stop loss at 917.5. May take profit at 25 bars. As 21 Aug, 12 bars has occurred.

4:30 pm - Trade #20 is triggered at 918.5

MACD cross up with 7 bar line chg. Trade #20 is triggered to go long at 918.5 pts.

Stop loss at 912.5 pts.

1:20 pm - Stop triggered at 915.5

Trade #19 end with zero pts loss.

9:45 am - FKLi gap up and begin a selldown

Long position guys trying to cutthroat the markt today.

9:34 am - Trade #19 short position triggered at 915.5

Trade #19 is short as MACD cross w 7 bar line chg.

Stop loss is at 918.5 - Buy stop.

10:29 pm : Gap down and hit 917

Trail stop to 922.5.

Stop out in the afternoon with -1 pt loss. Trade #18 is hit with a loss.

9:55 am - DJIA fell by -120+ pts.

FKLI would gap down and continue to sell down. Trail stop to 922.5. If I get stopped out, it wud be a loss of 1 pt.

5:19 pm : Trade #18 trail stop to 923.5

Trail stop at 923.5

3:04 pm - FKLI hit low of 919.5

Trail trade #18 to stop loss - buy stop at 925.0

Trail stop to 924.5

1:57 pm - Trade #18 is triggered at 921.5

Despite being stop out, my system is calling a short position. As I was not at my terminal, I did not short the FKLI.

Despite it, it is a short position trade. My stop loss is 928.0 pt.

1:52 pm - Trade #17 : My stop is hit at 929

Trade # 17 stop loss is hit at 929.0 After being hit, the FKLI sell down all the way to 920.5 pts. This is trading, you get hit some time and the market goes without you,

Trade #17 Loss -0.5 pt.

I feel "bad" after I have being stop out. But it is ok, as the mkt wud always be there.

5:18 pm - FKLI closed at 924.0

Today low of 923.5.

Trail stop to 929.0

4:05 pm - Cash mkt did hit below 930. Look at what STAR paper is saying today

FKLI index is bullish this week. Interesting ?

FKLI hit low of 924. Can it go any lower ? I do not know.

Trail my stop lower to 930. At this point, my loss will be -1.5 pt.

Rgds,
-martin-