Friday - 27 June 2008
9.17 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures for September's contract open at 3555 and closed at 3535. The highest was at 3570 and the lowest was at 3516.
The market open at 3555 and the movement of the market was not that 'rushing' as in the past few days. If you look at my forecast yesterday ( #4 ) and had you long at , say 3555, you would have been able to make some money if you were to sell, say at about 10 to 15 points from opening level ( see # 9b ). But had you decided to wait for a bigger profits, well, I don't know......
Just to add - If you look at the comment section on my posting yesterday, the 'casino-like' strategy seemed quite okay at this point of time ( in the future ? ). The morning bar was a black one and in the afternoon, after the market open and beat down the lowest of the morning's bar, it kept moving down until it reached the lowest of the day ( 3516 ) and it started to go up again. Had a long position been placed after seeing the market moved up 10 points from the 3516 level, you probably would have been able to make quite a beautiful ( instead of handsome ) profits. There was also no clear pattern of any trendlines.
Today ?
Yesterday the market did not end a white bar , though I did not expect that to happen , I think the market is now in the sidelines phase. In this situation, the strategy which should be used should be the contrarian strategy which means, sell where you are supposed to buy and vise versa. Some say short at resistance and long at support level. The market is expected to have its direction again if the level 3575 and 3490 are broken. So, no forecasting today.
Have a nice trading day and smile always.
Friday, June 27, 2008
Thursday, June 26, 2008
Thursday's Tips
Thursday - 26 June 2008
9.50 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3502 and closed at 3538 yesterday. The highest was at 3554 and the lowest was at 3490. No comment on that.
Today
In brief, the market in a very short term is bullish, the forecast is as follows;
1) If the market opens between 3520 to 3534. Buy after the market has fallen about 5 to 10 points from the opening. If the market moves up beating the level between 3545 to 3553, the market may go up further but if the market ends up a black bar today, the market may be in the sidelines phase.If the market falls beating the level between 3503 to 3510, the market may fall down further especially if it beats down the level between 3483 to 3490.
2) If the market opens between the level 3534 to 3544. Buy after the market has moved up and beat the level between 3544 to 3551, the market may move further up.
3) If the market open between 3510 to 3520. Sell after the market has passed down the level between 3502 to 3510, see also the bold letter #1 as the above.
4) If the market opens between 3544 to 3570. Buy after the market has fallen about 5 to 10 points after opening or if the market falls a bit after opening, buy after the market has moved up nd beats 3 points above the opening level.
5) If the market opens between 3485 to 3410. See the bold letters at #4 above but do it the opposite way. See also the bold letters as in # 1 above.
6) If the market opens above 3570. It is your call, I have no idea , man
7) If the market opens below 3485. It is your call, well, see the bold letters as at #6
8) You can also look for a very clear pattern of trendlines such as 3 tops/botoms etc...before placing your position.
9) a) Don't forget your stop loss
b) Lock up your profits as you see one, the market may go against you sooner or later
c) If the market opens and moves up / down in a very fast and in steep gradient and in a "big distance" from the opening, be careful the market may proceed further up/down. If the distance from the opening is not "that big", it could a false alarm, you can try on the second attempt.
d) For the best result, after opening the market moves up / down a bit and then move down / up passing the opening point to the intended forecasted level, see bold at #c as above for continuation
d) The strategy above applies only after opening hour, it may not be suitable later than that
Well, this is only my forecast, I have been wrongs and rights for so many times. If you are not sure, contact your broker ( sometimes or most of the times your broker is ....yak....#@$%&* ) but never contact you librarian......wait a minute, I think it sounds familiar.......... I have heard that before...oh ya, I was once a librarian .....
Have a nice trading day and have fun even if you lose some money!!!
9.50 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3502 and closed at 3538 yesterday. The highest was at 3554 and the lowest was at 3490. No comment on that.
Today
In brief, the market in a very short term is bullish, the forecast is as follows;
1) If the market opens between 3520 to 3534. Buy after the market has fallen about 5 to 10 points from the opening. If the market moves up beating the level between 3545 to 3553, the market may go up further but if the market ends up a black bar today, the market may be in the sidelines phase.If the market falls beating the level between 3503 to 3510, the market may fall down further especially if it beats down the level between 3483 to 3490.
2) If the market opens between the level 3534 to 3544. Buy after the market has moved up and beat the level between 3544 to 3551, the market may move further up.
3) If the market open between 3510 to 3520. Sell after the market has passed down the level between 3502 to 3510, see also the bold letter #1 as the above.
4) If the market opens between 3544 to 3570. Buy after the market has fallen about 5 to 10 points after opening or if the market falls a bit after opening, buy after the market has moved up nd beats 3 points above the opening level.
5) If the market opens between 3485 to 3410. See the bold letters at #4 above but do it the opposite way. See also the bold letters as in # 1 above.
6) If the market opens above 3570. It is your call, I have no idea , man
7) If the market opens below 3485. It is your call, well, see the bold letters as at #6
8) You can also look for a very clear pattern of trendlines such as 3 tops/botoms etc...before placing your position.
9) a) Don't forget your stop loss
b) Lock up your profits as you see one, the market may go against you sooner or later
c) If the market opens and moves up / down in a very fast and in steep gradient and in a "big distance" from the opening, be careful the market may proceed further up/down. If the distance from the opening is not "that big", it could a false alarm, you can try on the second attempt.
d) For the best result, after opening the market moves up / down a bit and then move down / up passing the opening point to the intended forecasted level, see bold at #c as above for continuation
d) The strategy above applies only after opening hour, it may not be suitable later than that
Well, this is only my forecast, I have been wrongs and rights for so many times. If you are not sure, contact your broker ( sometimes or most of the times your broker is ....yak....#@$%&* ) but never contact you librarian......wait a minute, I think it sounds familiar.......... I have heard that before...oh ya, I was once a librarian .....
Have a nice trading day and have fun even if you lose some money!!!
Tuesday, June 24, 2008
Didn't Get Through
Tuesday - 24 June 2008
11.08 a.m. - Malaysian Time
This morning at 9.45 a.m., I tried to post my forecast to this blog but it did not get through because there was interupption at the blogger's page. After posting my forecast , the detail simply was not there! It was lost. No trace of it what so ever.
Luckily it did not get through, my forecast was out of the way!
Hav a nice trading
11.08 a.m. - Malaysian Time
This morning at 9.45 a.m., I tried to post my forecast to this blog but it did not get through because there was interupption at the blogger's page. After posting my forecast , the detail simply was not there! It was lost. No trace of it what so ever.
Luckily it did not get through, my forecast was out of the way!
Hav a nice trading
Sunday, June 22, 2008
Any Tips For Monday?
Sunday - 22 June 2008
4.25 p.m. - Malaysian Time
The CPO market for September's contract open at 3545 and closed at 3551. The highest was at 3557 and lowest was at 3525.
If you refer to one of my forecast on last Friday ( see # 7), the market open at 3545 ( open below 3555 ) and ended up a white bar but up to this moment I still am looking for a mechanism on how to enter the market if the market opens way too high or too low from the previous day's highest / lowest.
There was a not -very clear pattern of 2 bottoms ( you must know how to recognise between the 2 and 3 bottoms ) which the 2nd bottom occurred after 4.45 p.m. Since the 2nd bottom happened at this hour, so it is not adviseable to long here.
Tomorrow
The way I look at it, in a very short term, I would say the market is still bearish. In brief, here is my forecast for Monday's market ;
1) If the market opens between the level 3535 to 3545. Sell if the market moves up a bit ( I think those who have been following me may have the idea of how to go about it ). Careful if the market opens and starts to move up quickly and in a steep gradient, if this happens the market may go up further especially if it beats up the level between 3555 to 3563. If this happens a white bar may be formed at the end of the day. If the market opens and later beats down the level between 3514 to 3525, the market may fall further but may rebounce back.
2)If the market opens between the level 3545 to 3555 . Buy after the markets has beaten the level between 3555 to 3563.
3) If the market opens between the level 3525 to 3535. Sell after the market has beaten down the level between 3516 to 3525.
4)If the market opens between the level 3555 to 3581. Buy after the market has fallen a bit after opening or if the fall is so small, buy after 3 points above the opening level.
5)If the market opens above 3581. It is your call. I don't know what to say, man.
6)If the market opens between 3498 to 3525.It is your call and I am speecless but I think the market will end a white bar if the market opens and starts to move up without retracing back passing down the opening point.
7)You can also look for trendlines such as 3 tops ..etc. Don't forget your stop loss ...blah...blah
Well, good luck....and have a nice trading day!
4.25 p.m. - Malaysian Time
The CPO market for September's contract open at 3545 and closed at 3551. The highest was at 3557 and lowest was at 3525.
If you refer to one of my forecast on last Friday ( see # 7), the market open at 3545 ( open below 3555 ) and ended up a white bar but up to this moment I still am looking for a mechanism on how to enter the market if the market opens way too high or too low from the previous day's highest / lowest.
There was a not -very clear pattern of 2 bottoms ( you must know how to recognise between the 2 and 3 bottoms ) which the 2nd bottom occurred after 4.45 p.m. Since the 2nd bottom happened at this hour, so it is not adviseable to long here.
Tomorrow
The way I look at it, in a very short term, I would say the market is still bearish. In brief, here is my forecast for Monday's market ;
1) If the market opens between the level 3535 to 3545. Sell if the market moves up a bit ( I think those who have been following me may have the idea of how to go about it ). Careful if the market opens and starts to move up quickly and in a steep gradient, if this happens the market may go up further especially if it beats up the level between 3555 to 3563. If this happens a white bar may be formed at the end of the day. If the market opens and later beats down the level between 3514 to 3525, the market may fall further but may rebounce back.
2)If the market opens between the level 3545 to 3555 . Buy after the markets has beaten the level between 3555 to 3563.
3) If the market opens between the level 3525 to 3535. Sell after the market has beaten down the level between 3516 to 3525.
4)If the market opens between the level 3555 to 3581. Buy after the market has fallen a bit after opening or if the fall is so small, buy after 3 points above the opening level.
5)If the market opens above 3581. It is your call. I don't know what to say, man.
6)If the market opens between 3498 to 3525.It is your call and I am speecless but I think the market will end a white bar if the market opens and starts to move up without retracing back passing down the opening point.
7)You can also look for trendlines such as 3 tops ..etc. Don't forget your stop loss ...blah...blah
Well, good luck....and have a nice trading day!
Friday, June 20, 2008
Tips for Friday
Friday - 20 June 2008
8.50 a.m. - Malaysian Time
The CPO ( Crude Palm Oil ) for September's contract open at 3645 and closed at 3600. The highest was at 3650 and the lowest was at 3579.
Today
The market, in avery very short term, is said to be bearish. So , in brief, here is my forecast for today ;
1)If the market opens between the level 3590 to 3625. Sell after the market has moved up " a little bit " ( those who have been following my blog may have the idea of how to go about doing it ). Be careful if the market opens and immediately moves up in a fast and steep gradient, it could be a false alarm or the market may go up further and may end up a white bar today. For best result, the market opens and retraces down a bit before moves up nicely to the intended level. If the market beats up the level between 3636 to 3644, the market may go further up. This would be more prominent if the market opens more towards the upper end of the level between 3590 to 3653 level. If this happens ( opens at the upper end ) and beats up the level 3636 to 3644 and later the level between 3650 to 3656 the market may end up a white bar.If the market retraces down, after opening, and beats the level between 3570 to 3579, the market may retrace further down but it may bounce back in a short time.
2)If the market opens between the level between 3625 to 3635. Buy after the market beats up the level 3636 to 3644. The market may end up a white bar today.
3) If the market opens between the level 3579 to 3590. Sell after the market retraces down and beats the level between 3570 to 3579. Lock up for profits here once you see some , the market may rebounce in a short time.
4)If the market opens between the level 3555 to 3579. Sell after the market has moved up a bit or after the market has moved up a bit and falls at least 3 points passing the opening level.
5)If the market opens between the level 3635 to 3662. See #4 but do the opposite way except if the market opens and starts to move up, try to catch up ( long ) here. If the market manages to beat the level between 3650 to 3658, the market may go further up and a white bar may be formed today.
6)If the market opens above 3662. It is your call, I don't know , man!
7) If the market opens below 3555. It is your call but I got a feeling that the market may end a white bar or at least a part of the trading day today.
8) Do not forget your stop loss, false alarm etc. If you are not sure, look for clear pattern of trendlines such as 3 tops/bottom, head and shoulder etc...
If still not sure contact your broker or better still do nothing today. If you do nothing, nothing will happen - for sure you are not going to waste any money today.
Have a nice trading moment
P/S Sorry Mike, my English can be terrible at times ( or most of the time ? )
8.50 a.m. - Malaysian Time
The CPO ( Crude Palm Oil ) for September's contract open at 3645 and closed at 3600. The highest was at 3650 and the lowest was at 3579.
Today
The market, in avery very short term, is said to be bearish. So , in brief, here is my forecast for today ;
1)If the market opens between the level 3590 to 3625. Sell after the market has moved up " a little bit " ( those who have been following my blog may have the idea of how to go about doing it ). Be careful if the market opens and immediately moves up in a fast and steep gradient, it could be a false alarm or the market may go up further and may end up a white bar today. For best result, the market opens and retraces down a bit before moves up nicely to the intended level. If the market beats up the level between 3636 to 3644, the market may go further up. This would be more prominent if the market opens more towards the upper end of the level between 3590 to 3653 level. If this happens ( opens at the upper end ) and beats up the level 3636 to 3644 and later the level between 3650 to 3656 the market may end up a white bar.If the market retraces down, after opening, and beats the level between 3570 to 3579, the market may retrace further down but it may bounce back in a short time.
2)If the market opens between the level between 3625 to 3635. Buy after the market beats up the level 3636 to 3644. The market may end up a white bar today.
3) If the market opens between the level 3579 to 3590. Sell after the market retraces down and beats the level between 3570 to 3579. Lock up for profits here once you see some , the market may rebounce in a short time.
4)If the market opens between the level 3555 to 3579. Sell after the market has moved up a bit or after the market has moved up a bit and falls at least 3 points passing the opening level.
5)If the market opens between the level 3635 to 3662. See #4 but do the opposite way except if the market opens and starts to move up, try to catch up ( long ) here. If the market manages to beat the level between 3650 to 3658, the market may go further up and a white bar may be formed today.
6)If the market opens above 3662. It is your call, I don't know , man!
7) If the market opens below 3555. It is your call but I got a feeling that the market may end a white bar or at least a part of the trading day today.
8) Do not forget your stop loss, false alarm etc. If you are not sure, look for clear pattern of trendlines such as 3 tops/bottom, head and shoulder etc...
If still not sure contact your broker or better still do nothing today. If you do nothing, nothing will happen - for sure you are not going to waste any money today.
Have a nice trading moment
P/S Sorry Mike, my English can be terrible at times ( or most of the time ? )
Thursday, June 19, 2008
Thursday ?
Thursday - 19 June 2008
8.30 a.m. - Malaysia Time Zone
The Crude Palm Oil's ( CPO ) September contract open at 3665 and closed at 3640 yesterday. The highest was at 3680 and the lowest was at 3639.
If you look at one of my forecast yesterday ( #1) which indicated "If the market opens between the level 3650 to 3682. Sell after the market has moved up " a little bit " ( between 9 to 20 points ) from opening level.", the market yesterday infact open at 3665 and at about 11.00 a.m. shot up to the highest of the day ( at 3680 - 20 points after opening ) at noon before retracing down to almost the lowest when it closed at 6.00 p.m. Had a sell position been placed at this range ( between 9 to 20 points from opening level i.e from 3669 to 3680 ), a very good profits would have been able to be made indeed. Anyway , as the strategy focuses more on taking position after opening level ( see one of my previous postings ), I would probably do not recommend to place a position here especially at noon because the risk is higher here. Any way, some people say risk is every where in futures trading, even your life is full of risks!
Today
As usual, I am not in the position to make any forecast today. Those who have been following my blog may probably......blah..blah...
If you are not sure , please contact your broker but never contact....blah....blah...blah...
Have a nice trading day!!!!
8.30 a.m. - Malaysia Time Zone
The Crude Palm Oil's ( CPO ) September contract open at 3665 and closed at 3640 yesterday. The highest was at 3680 and the lowest was at 3639.
If you look at one of my forecast yesterday ( #1) which indicated "If the market opens between the level 3650 to 3682. Sell after the market has moved up " a little bit " ( between 9 to 20 points ) from opening level.", the market yesterday infact open at 3665 and at about 11.00 a.m. shot up to the highest of the day ( at 3680 - 20 points after opening ) at noon before retracing down to almost the lowest when it closed at 6.00 p.m. Had a sell position been placed at this range ( between 9 to 20 points from opening level i.e from 3669 to 3680 ), a very good profits would have been able to be made indeed. Anyway , as the strategy focuses more on taking position after opening level ( see one of my previous postings ), I would probably do not recommend to place a position here especially at noon because the risk is higher here. Any way, some people say risk is every where in futures trading, even your life is full of risks!
Today
As usual, I am not in the position to make any forecast today. Those who have been following my blog may probably......blah..blah...
If you are not sure , please contact your broker but never contact....blah....blah...blah...
Have a nice trading day!!!!
Wednesday, June 18, 2008
Wednesday's Tips
Wednesday - 18 June 2008
8.50 a.m. - Malaysia Time Zone
The CPO's ( Crude Palm Oil ) contract for September open at 3675 and closed at 3645 yesterday. The highest was at 3694 and the lowest was at 3639. Since I did not make any forecasting on yesterday's market, so I reserve any comment.
Today
So how about today ? I would rather prefer to say that the market, in a very very short term, is bearish. Anyway, as the strategy used in this market depends on the opening of the day, the forecast for the market direction today would be as follows;
1) If the market opens between the level 3650 to 3682. Sell after the market has moved up a "little bit" (between 9 to 21 points) from opening level. If the market beats up the level between 3695 to 3702, the market may go up further, at least in the half of the trading day. This would be more prominent if the market opens more towards the upper part of the level between 3650 to 3682. If the market , after opening, beats down the level between 3627 to 3635, the market may retrace further down but there is a posiblity that the market may rebounce back. This would be more prominent if the market opens more towards the lower part of the said level as above ( nearing the 3650 level )
2) If the market opens between the level 3682 to 3694. Buy after the market has beaten up the level 3695 to 3635.
3) If the market opens between the level 3639 to 3650. Sell after the market has passed down the level between 3626 to 3635.
4) If the market opens between the level between 3695 to 3720. Buy after the market has retraced down a bit and later beats up 3 points above the opening level. If the market does not fall after opening, buy at your will ( experience in trading is important here )
5) If the market opens between the level 3615 to 3639. Do as #4 but in the opposite way.
6) If the market opens between 3720 to 3730 and above. I am speechless, it is your call.
7) If the market opens between 3605 to 3614 and below. I do not know, it is your call but I think the market may end up a white bar today
8) Make sure to put your stop loss between 10 to 20 points should the market goes aginst you ( you better start praying too ). If the market opens and immediately moves up or down in a very fast and steep gradient, be careful it could be a false alarm, you can try on the second attempt ( this does not apply for #4 and #5 as above ).You could also look for trendlines such as head and shoulder etc... before placing your position.
Well, that's about it, as usual, this is my forecast, I may be right or wrong. I have been rights for so many times and I have wrongs also for many times. There are also other strategies which could give a better winning outcomes besides than the above strategy which cannot be revealed at this point of time due to some technical constrain
If you are not sure.....contact your broker but never your wife. If you loss, she will start nagging non-stop, contact her only when you make profits..........women.......
Have a nice trading day
8.50 a.m. - Malaysia Time Zone
The CPO's ( Crude Palm Oil ) contract for September open at 3675 and closed at 3645 yesterday. The highest was at 3694 and the lowest was at 3639. Since I did not make any forecasting on yesterday's market, so I reserve any comment.
Today
So how about today ? I would rather prefer to say that the market, in a very very short term, is bearish. Anyway, as the strategy used in this market depends on the opening of the day, the forecast for the market direction today would be as follows;
1) If the market opens between the level 3650 to 3682. Sell after the market has moved up a "little bit" (between 9 to 21 points) from opening level. If the market beats up the level between 3695 to 3702, the market may go up further, at least in the half of the trading day. This would be more prominent if the market opens more towards the upper part of the level between 3650 to 3682. If the market , after opening, beats down the level between 3627 to 3635, the market may retrace further down but there is a posiblity that the market may rebounce back. This would be more prominent if the market opens more towards the lower part of the said level as above ( nearing the 3650 level )
2) If the market opens between the level 3682 to 3694. Buy after the market has beaten up the level 3695 to 3635.
3) If the market opens between the level 3639 to 3650. Sell after the market has passed down the level between 3626 to 3635.
4) If the market opens between the level between 3695 to 3720. Buy after the market has retraced down a bit and later beats up 3 points above the opening level. If the market does not fall after opening, buy at your will ( experience in trading is important here )
5) If the market opens between the level 3615 to 3639. Do as #4 but in the opposite way.
6) If the market opens between 3720 to 3730 and above. I am speechless, it is your call.
7) If the market opens between 3605 to 3614 and below. I do not know, it is your call but I think the market may end up a white bar today
8) Make sure to put your stop loss between 10 to 20 points should the market goes aginst you ( you better start praying too ). If the market opens and immediately moves up or down in a very fast and steep gradient, be careful it could be a false alarm, you can try on the second attempt ( this does not apply for #4 and #5 as above ).You could also look for trendlines such as head and shoulder etc... before placing your position.
Well, that's about it, as usual, this is my forecast, I may be right or wrong. I have been rights for so many times and I have wrongs also for many times. There are also other strategies which could give a better winning outcomes besides than the above strategy which cannot be revealed at this point of time due to some technical constrain
If you are not sure.....contact your broker but never your wife. If you loss, she will start nagging non-stop, contact her only when you make profits..........women.......
Have a nice trading day
Sunday, June 15, 2008
Friday's Analysis
Sunday 15 June 2008
2.55 p.m. - Malaysian Time
The CPO's August contract open at 3660 and closed at 3690 last Friday. The highest was at 3712 and the lowest was at 3653.
Please refer to my forecast last Friday ( see #3 ) which stated that " If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673 ". The market, in fact , open at 3660, fell a little bit, and immediately moved up beating the level 3666 but it was a false alarm as the market movement was quite fast ( I have mentioned this so many times in my privious forecasts ) . A second attempt occurred after that and beat again the level between 3666 to 3673 and later moved up to the highest of the day at 3712. Had a buy position been taken here, a maximum profit of about 40 points could have been made quite easily. I also mentioned in my previous forecast that " if the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today " ( see #5 ). The market did go up and beat the said level but later retraced down " a lttle bit " before settling down at 3690 and a white bar was formed on that day.
Tomorrow ( Monday )
Due to some reasons, I am not able to do any forecasting for tomorrow. Those who have been following my blog ( are they out there? - If there is none, may be one day I may have to say good bye to this blog of mine ) may probably have the idea of how to go about entering the market.
Have a nice trading day!!!!!!
2.55 p.m. - Malaysian Time
The CPO's August contract open at 3660 and closed at 3690 last Friday. The highest was at 3712 and the lowest was at 3653.
Please refer to my forecast last Friday ( see #3 ) which stated that " If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673 ". The market, in fact , open at 3660, fell a little bit, and immediately moved up beating the level 3666 but it was a false alarm as the market movement was quite fast ( I have mentioned this so many times in my privious forecasts ) . A second attempt occurred after that and beat again the level between 3666 to 3673 and later moved up to the highest of the day at 3712. Had a buy position been taken here, a maximum profit of about 40 points could have been made quite easily. I also mentioned in my previous forecast that " if the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today " ( see #5 ). The market did go up and beat the said level but later retraced down " a lttle bit " before settling down at 3690 and a white bar was formed on that day.
Tomorrow ( Monday )
Due to some reasons, I am not able to do any forecasting for tomorrow. Those who have been following my blog ( are they out there? - If there is none, may be one day I may have to say good bye to this blog of mine ) may probably have the idea of how to go about entering the market.
Have a nice trading day!!!!!!
Friday, June 13, 2008
Friday's Where About
Friday - 13 June 2008
9.00 a.m. - Malaysian Time
The CPO futures market for August's contract open at 3682 and closed at 3623 yesterday. The highest was at 3691 and the lowest was at 3620.
Today
So how about today's direction? In a very short term, I could figure out that the market is bearish. As usual, the strategy is determined by the opening of the market as the opening is beleived to have indicated the performance of other commodities such as soybean oil, crude oil etc..In short ( not in details this time ), here are my forecast for today;
1) If the market opens between the level 3630 to 3655. Sell after the market has risen " a bit " after opening. If the market beats up the level between 3666 to 3673, the market may move further up and a white bar may be formed today or at least the market would go up ( enough to make some profits ) before retracing down. Later, if the market beats the level between 3686 to 3692, the market may go further up and a white may be formed today.More prominent if the market opens more towards to the upper end of the said level ( nearing the 3655 level ). If the market beats down the level between 3613 to 3620, the market may retrace further down. More prominent if the market opens more towards to the lower part of the level 3630.
2) If the market opens between the points 3620 to 3630. Sell after the market has beaten down the level between 3613 to 3620.
3) If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673.
4) If the market opens between the level 3594 to 3620. Sell afterr the market has moved up a little bit from the opening.
5) If the market opens between the level 3666 to 3691. Buy after the market has retraced a bit from opening.If the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today.
6) If the market opens above 3691 to 3715, the market may go further up.
7) If the market opens above 3715, it is your call. I think the market would be a black bar today or at least before lunch.
8) If the market opens below 3594, it is your call. I think it would end a white bar today at least before lunch.
9) If the market opens and moves up / down in a fast way and in a steep gradient, be careful it could be a false alarm, look for a second attempt. Another false alarm if the market moves up / down without retracing / moving up first, if you see this just stay away from the market, look for trendlines.Do not forget the stop loss etc.. If not very sure of the next movemet, lock up your profits immediately.You could also look for trendlines before taking your position such head and shoulder, 3 tops etc.. ( I seem to like these trendlines more than others )
If not sure, contact your commodity broker / dealer ...........never to contact your grandmother....Well, they seem not to bother on anything anymore.
Have a nice trading moment.
9.00 a.m. - Malaysian Time
The CPO futures market for August's contract open at 3682 and closed at 3623 yesterday. The highest was at 3691 and the lowest was at 3620.
Today
So how about today's direction? In a very short term, I could figure out that the market is bearish. As usual, the strategy is determined by the opening of the market as the opening is beleived to have indicated the performance of other commodities such as soybean oil, crude oil etc..In short ( not in details this time ), here are my forecast for today;
1) If the market opens between the level 3630 to 3655. Sell after the market has risen " a bit " after opening. If the market beats up the level between 3666 to 3673, the market may move further up and a white bar may be formed today or at least the market would go up ( enough to make some profits ) before retracing down. Later, if the market beats the level between 3686 to 3692, the market may go further up and a white may be formed today.More prominent if the market opens more towards to the upper end of the said level ( nearing the 3655 level ). If the market beats down the level between 3613 to 3620, the market may retrace further down. More prominent if the market opens more towards to the lower part of the level 3630.
2) If the market opens between the points 3620 to 3630. Sell after the market has beaten down the level between 3613 to 3620.
3) If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673.
4) If the market opens between the level 3594 to 3620. Sell afterr the market has moved up a little bit from the opening.
5) If the market opens between the level 3666 to 3691. Buy after the market has retraced a bit from opening.If the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today.
6) If the market opens above 3691 to 3715, the market may go further up.
7) If the market opens above 3715, it is your call. I think the market would be a black bar today or at least before lunch.
8) If the market opens below 3594, it is your call. I think it would end a white bar today at least before lunch.
9) If the market opens and moves up / down in a fast way and in a steep gradient, be careful it could be a false alarm, look for a second attempt. Another false alarm if the market moves up / down without retracing / moving up first, if you see this just stay away from the market, look for trendlines.Do not forget the stop loss etc.. If not very sure of the next movemet, lock up your profits immediately.You could also look for trendlines before taking your position such head and shoulder, 3 tops etc.. ( I seem to like these trendlines more than others )
If not sure, contact your commodity broker / dealer ...........never to contact your grandmother....Well, they seem not to bother on anything anymore.
Have a nice trading moment.
Wednesday, June 11, 2008
Wednesday is the Day
Wednesday - 11 June 2008
8.40 a.m. - Malaysian Time
The CPO's contract for August open at 3647 and closed at 3530 yesterday. The highest was at 3679 and the lowest was at 3530.
The market open at 3647, retraced down a bit and immediately moved up in a fast and steep gradient to reach the highest of the day at 3679. As I mentioned in my forecast yesterday, if you see this kind of movement, it is better for you to be careful as this movement could be a false alarm. A position can be taken after a second attempt. In fact a second attempt did occur at about 11.00 a.m. If you refer to my forecast ( #6) yesterday, the market open between the level 3624 to 3648, it would mean "sell after the market has moved up between 9 to 20 points after opening " ( opposite of #4 ). Had this position been taken at this second attempt, you would have made quite a profits even though I did mention to lock up your profits immediately after seeing "some" profits. Alas, had you waited further you would have made a lot more of profits! ( If not sure just lock it up, man ! )
Today
How about today then? Well, I guess, for those of you out there ( if there is any ), who have been following my blog probably may have the idea of how to enter the market.
If not sure contact your broker .......but never your family doctor ....especially if your wife likes to see him on frequent occasion.
Have a nice trading day!
8.40 a.m. - Malaysian Time
The CPO's contract for August open at 3647 and closed at 3530 yesterday. The highest was at 3679 and the lowest was at 3530.
The market open at 3647, retraced down a bit and immediately moved up in a fast and steep gradient to reach the highest of the day at 3679. As I mentioned in my forecast yesterday, if you see this kind of movement, it is better for you to be careful as this movement could be a false alarm. A position can be taken after a second attempt. In fact a second attempt did occur at about 11.00 a.m. If you refer to my forecast ( #6) yesterday, the market open between the level 3624 to 3648, it would mean "sell after the market has moved up between 9 to 20 points after opening " ( opposite of #4 ). Had this position been taken at this second attempt, you would have made quite a profits even though I did mention to lock up your profits immediately after seeing "some" profits. Alas, had you waited further you would have made a lot more of profits! ( If not sure just lock it up, man ! )
Today
How about today then? Well, I guess, for those of you out there ( if there is any ), who have been following my blog probably may have the idea of how to enter the market.
If not sure contact your broker .......but never your family doctor ....especially if your wife likes to see him on frequent occasion.
Have a nice trading day!
Tuesday, June 10, 2008
Tuesday's Direction
Tuesday - 10 June 2008
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
Monday, June 9, 2008
Monday's Forecast
Monday - 9 June 2008
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
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