Wednesday, January 19, 2011

FKLI - Price Hit My Exit Price

Date of entry: 12 Jan 2011
Reenter FKLI Long Position
I long FKLI Jan 2011 future contract at 1572.5 to reenter the market for 3 contracts. It stays well above moving averages now.

Date of exit: 19 Jan 2011
FKLI - Price Hit My Exit Price
My exit price of 1573.5 was reached this morning right after the market (KLCI) opened. A break even trade is better than a losing trade. The price opened with a gap up and failed to stay above the opening price indicating a weakness of the market.

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