20061027 11:55 am. New highs for the FKLI. Let's look back at this trade and see what caused us to enter and manage it in the way we did. We identified the dominant candle, in which buyers were in control of the market, so the logic was to buy the retracement in the FKLI. The decision was made to buy retracement to the moving average channels (5 ema of the high and low). Fills for the longs were at 985, with the opportunity to average at the lower band.(but this was not done). From the outset, the stop loss was floating, using the 21 ema. If price of the FKLI closed below the 21 ema, the long trade would have been closed. Throughout the whole trade, the MACD momentum gave us a heads up on the 'path of least resistance', which was another reassuring factor to stay in the trade.