Thursday, September 30, 2010

FKLI - Long To Close All

Date of entry: 28 Sept 2010
Short FKLI On Break Below Moving Average
I initiated short position of FKLI Sept 2010 at 1460 for 2 contracts. The price is slightly at the bearish side as it broke below the moving average low.
I still have two and the half days for this trade.

Date of exit1: 29 Sept 2010
FKLI - Long To Exit Half Of My Position
I longed to close 1 contract at 1458.5 with 0.5 point profit as the price did not stay at the low forming some kind of hammer candle stick pattern. Looking at daily chart, it formed a dogi indicating a uncertainty market.

Date of exit2: 30 Sept 2010
FKLI - Long To Close All
My stop loss was hit at 1466 with a loss of 7 points including 1 point commission added.

The balance of my account is RM 28,025 after the loss of RM 325 (6.5points x RM50 x1contract = RM325) (The details of my account is at My Future Trading Account Records 2010 )


  1. Abel, just a friendly note, I think you meant 1258.5 was your exit price, not 1268.5.

    ~ Chun

  2. Hi Chun,
    You are right. I made a typo mistake. I actually mean 1258.50.
    Thank you for pointing out. It means a lot.


    It should be 1458.50 not 1258.50

  4. Abel,

    Haha! It's me needed the final correction at the end. So embarrassed.

    ~ Chun