Wednesday, February 9, 2011

Exit FKLI Before Market Close

Date of entry: 9 Feb 2011
Long FKLI Based On Bullish Candle Stick Pattern
I longed FKLI Feb 2011 future contract at 1531.5 for 3 contracts based on the previous bullish candle stick pattern. I will exit if the current candle bar appeared to be bearish.

Date of exit: Same Day
Exit FKLI Before Market Close
I shorted to close the position at 1525 with a loss of 7.5 points for each contract after 1 point commission included. There is no follow through buying and formed a bearish engulfing candle stick pattern. Exiting the trade seems to be the only way. More over, FKLI is still well blow moving average on daily chart.

The Loss: RM1,125 (7.5points x RM50 x 3contracts = RM1,125)

The balance of my account is RM16,625 after the loss of RM1,125.
(The details of my account is at My Future Trading Account Records 2011 )

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