Wednesday, February 16, 2011

FKLI - 10 Points Gain Target Reached

Date of entry: 14 Feb 2011
I Shorted FKLI Feb 2011 Future Contract
I shorted FKLI Feb 2011 future contract at 1504.5 for 4 contracts. It touched the moving average lower and started to go down.

Reason To Short 1) A reversal candle stick pattern called 'Shooting Star' emerged.
Reason To Short 2) FKLI touched the moving average (low) and now started going down.
Reason To Short 3) FKLI is still below moving average under daily chart

The concern: Tuesday is a public holiday for Malaysia. Anything can happen during the one off day.

Date of exit: 16 Feb 2011
FKLI - 10 Points Gain Target Reached
My target of 10.5 points gain at 1493 was reached this morning.

The Profit: RM2,100 (10.5points x RM50 x 4contracts = RM2,100)

The balance of my account is RM22,250 after the profit of RM2,100.
(The details of my account is at My Future Trading Account Records 2011 )

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