The setup for this trade can be found here:

https://straighttalktrading.wordpress.com/2018/08/02/starting-a-new-trade-sequence-on-the-fkli-15-minute-chart/

After giving small wins and losses for awhile, the decision to move to the 15-minute chart on the FKLI paid off. Prices came into the support zone, and then bounced off, giving the potential for a 3:1 trade before providing any ominous or ambiguous price action.

August 7th 2018 FKLI 15-Minute Chart Result.jpg

It is now headed upwards to hopefully test and activate the daily resistance zone. The setup is described here:

https://straighttalktrading.wordpress.com/2018/07/31/complex-trading-decisions-a-birds-eye-view/

We will be watching the next trade develop with interest.

Good trading!

Kaye Lee
Head Trader Consultant
www.straighttalktrading.com