Tuesday, March 29, 2011

Stopped Out FKLI At 1521

Date of entry: 28 March 2011
Reversed To Short FKLI For The Broken Down
I reversed to short FKLI March 2011 future contract at 1508.5 for 3 contracts. It is a break down and stayed below moving averages.

The Concern:
1. Both KLCI and FKLI of the daily chart turned to be still above moving averages.
2. And also the 2 hourly chart of KLCI

Date of exit: 29 March 2011
Stopped Out FKLI At 1521
My position was stopped out at 1521 with a loss of 13.5 points (1 point commission included).

The Loss: RM2,025 (13.5points x RM50 x 3contracts = RM2,025)

The balance of my account is RM12,500 after the loss of RM2,025.
(The details of my account is at My Future Trading Account Records 2011 )


  1. luckily you're out ! now , on the way to test 1537/41 level , maybe plan short there for the pullback from the rally !

    good luck , man !

  2. Dear dan,

    You are right! We have to be patient.



  3. ya , in trading , we gotta be patient ! when you choose to short @ 1508.5 , did you see the previous swing low @ 1501+- ?

    as far as for trader concern , buy low ,sell high , if ya short @ 1516++ level , stop loss @ 1521 then the risk/reward is ok ,

    take a look at the chart and momentum prior to the fall , price has been moving sideway @ top range (1515 & above) , this is what i called it sell @ resistance ,

    when you short , the price already accelerated to the south , if plan short @ your level (1508) , like i said , the previous swing low @ around 1501+- doesnt reward much , unless it breaks !

    i don't mean to challenge your trade set up , i just comment based on the chart , price levels and pattern !

    by the way , which broker did you use that provide this chart setting ? mind to share ?

  4. Thank you for your suggestion.

    The chart that I am using are from Nextview Software with month fee of RM220.