Date of entry: 17 Sept 2010
Long FKLI - Break Up Again!
I did not manage to long early in the morning as the price moved way beyond my entry price. I locked my long position when the price made a minor correction at 1480.50. I will exit this trade based on candlestick chart pattern.
Date of exit: Same Day
FKLI - Exit On Break Even
I exited on break-even at 1481.50. There is no clear reason for my exit action actually. I exited purely based on the previous candlestick bar formation; Hanging Man Reversal Pattern. If I am wrong, I will reenter the market again. I know, this will only make my remisier happier. I am ok with that.
did you notice that more often than not when the price breakout fm your entry price...it will march further 3~5 pts and then reverses...
ReplyDeleteHi,
ReplyDeleteYou are right. Maybe I could double my position and exit 3 to 5 points for the first half of my position and remain the rest.
Good Idea!
Thanks
Abel