CPO : Road To South

It has been a month, that was from 14 July to 13th August, that the CPO futures market has shown an upward movement but on last Friday and yesterday, the market have indicated that it was moving southwards. Will this downwards movement prolong in the next few days? It is hard to say as you can never forecast the market performance even if you have the mean to do so because the market's direction is largely motivated by human factors.

Today

In the long run, the market is still bullish and so is the medium term but the very very short term, the market now is bearish. The forecast for today ;

1) If the market opens between 2356 to 2362. Buy after the market has dropped 5 points below the opening or buy after the market has moved up 5 points above the opening point.

2) If the market opens between 2363 to 2370. Buy after the market has moved up passing the levels between 2375 to 2380.

3) If the market opens between 2375 to 2395. Buy after the market has dropped a bit and then moves up 6 points above the opening level.

4) If the market opens between 2335 to 2350. Sell after the market has moved up 8 points above the opening level.

5) If the market opens between 2325 to 2334. Sell after the market has dropped and passed the levels between 2315 to 2320.

6) If the market opens between 2300 to 2320. Sell after the market has moved up a bit and then falls 6 points below the opening level.

7) If the market opens other than the above...it is up to you...anyway it is your money!

8) Please refer to my posting dated 12th January, see #6

As usual, if you are not sure...er..er...mmmm...er... just contact your futures dealer, who else.

P/s.......:-) :-) :-) :-) :-) etc...

Have a nice trading day....

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3-9.26am

Forecast of The Day

The market has managed to achieve its highest point for the past six months at 2648 and will this level be able to be broken is yet to be seen. Some analysts have also predicted that the CPO futures prices would be linggering at 2600's level at this year around. Whether the market will move further upwards or downwards drastically is hard to forecast.

Today

In the long run, the market is still bullish but the very very short run, the market is bearish now.

The forecast for today:

1) If the market opens between 2471 to 2495;

1.1 Buy if the market has passed the levels between 2500 to 2506.

1.2 Sell if the market manages to pass down the levels between 2460 to 2466.

2) If the market opens between 2500 to 2520. Buy after the market has dropped a bit and then moves up passing 5 points above the opening level. This would be more significant if the opening level is at the lower part of the 2500-to-2520 levels.

3) If the market opens between 2445 to 2466. Sell after the market has moved up a bit and than falls 5 points below the opening level. More significant if the opening is at the upper part of the 2445-to-2466 levels.

4) If the market opens other than the above, it is your call. If not sure, just stay aaaaawaaaayy

5) Please refer to #6 ( posting dated 12th January 2009 )

If you are still not sure, just contact your broker but not your milkman. He could be .......

P/s. The several countries including the EC boycotted Ahmadi Nejad's speech during the recent UN's conference on racism. He called the Israelis government " totally racist government" on earth.

6 - 9.25 a.m.

Time To Short ?

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Thursday - 12th February 2009
8.30 a.m. - Malaysian Time
9.00 a.m. - A little bit of updating


The CPO ( crude palm oil ) futures for April's contract open at 1940 and closed at 1925 yesterday. The highest was at 1967 and the lowest was at 1916. It was a black bar ( or rather a blue bar ).

If you look at the chart, the market has been moving upwards for the past six days except for yesterday. Does this indicate that the market will be a black ( or rather blue ) bar today? Will the swing strategy be operational ? ( see my previous postings on swing strategy )

Today

In the long run , the market is said to be bullish but the very very short run, the market is now in the bearish situation. My forecast for today ;

1) If the market opens between 1926 to 1951. Sell after the market
has moved up 8 points from the opening level. If the market beats down the level between 1908 to 1915,the market will go down further especially if the the market opens more towards the lower part of the 1926 to 1951 levels. If the market manages to beat up the levels between 1965 to 1969, the market may go up further especially if the market opens more towards the upper level of the 1926 to 1951 levels. If you make any profits, just lock them up.
2) If the market opens between 1952 to 1961. Buy after the market has moved up and beats the level between 1965 to 1969. Any profits , just lock them up.
3) If the market opens between 1916 to 1925. Sell after the market has moved down beating the levels between 1908 to 1915.
4) If the market opens between 1973 to 1987. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
5) If the market opens between 1890 to 1915. Sell after the market has moved up a bit and then moved down beating 5 points below the opening level.
6) If the market opens other than the above, it is your call. You can do whatever you like.
7) Trendlines.....any one ?
8) Please refer to #6, 12th January's posting.


That's about it. Please be informed that there are many other strategies that can be used in this market but the strategy shown above is one of them.

As usual, if you are not sure, do contact your broker/dealer or may be you can contact Tzipi Livni or Benjamin Netanyahu for more information. Do you think these species will help you?

Have a nice trading day, guys.

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Bush Was Thrown With Smelly Shoes - Bad Omen For Market?

Tuesday – 16^th December 2008

7.30 a.m. - Malaysian Time

The crude palm oil (CPO) futures for February’s contract open at 1625 and

closed at 1576 yesterday. The highest was at 1630 and the lowest was at

1570. A difference of 60 points.

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The market open at 1625 and immediately moved up to 1630, the highest of

the day,and then retraced to 1598 before settling at 1603 before lunch. In

the afternoon, themarket went up to 1618 before falling down to the lowest

of the day at 1570 and finally closed at 1576. The market did not open

within the forecasted level of points, so nothing much to say here.

One thing to mention here is that you must not depend on one method of strategy only when it comes to placing

and existing a position, in fact you have to have multiple method of strategies and you must make sure that your

multiple strategies do not over lapse each other or else you may be in the position of confusion. So just do not

confuse yourself (may be you can confuse other people). The purpose of having more than one strategy is that if

the first strategy cannot be applied you could still have others to depend on. So a day of trading is not wasted.

Today

Since the new active month for CPO futures is March’s contract which starts today, I think I better wait for

tomorrow to do my next forecasting.

Have a nice trading day.

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US Economy Is Pushing Up Again?

Wednesday - 22nd October 2008
8.35 a.m. - Malaysian Time
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The CPO ( Crude Palm Oil ) futures for January contract open at 1695 and closed at 1652 yesterday ( My standard openings for almost everyday). The highest was at 1714 and the lowest was at 1639.

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Within 6 minutes after opening, the market kept mingling between the levels 1690 and 1705. At about 10.37 a.m., the market shot up to the highest of the day at 1714 and then moved down constantly to the lowest of the day before settling at 1652.

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If you refer to my forecast yesterday ( see #1), the market's movement was in a 'gentle' way and it clearly showed that there was no false alarm. ( well, you have to have this skill to recognise the false alarm). Had you put a short at 1707 ( 12 points above the opening point, see # 1), you would have made at least 20 to 30 points.The maximum you could have made would be about 65 points. Was it possible to achieve this 65 points? I don't know you figure it yourself.

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As for trendlines, there was a clear pattern of 3 bottoms but the occurence was at about 5.30 p.m., so it was quite late to exercise any day trade activity.

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Today

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As usual, no forecast for today and also for next week. My forecast would be back again on the week after next week.

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Have a nice trading day today and smile always.

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Tuesday

Tuesday - 19th August 2008
9.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for November contract, recently, have been experiencing a period of bearishness since the past few weeks. If you are to look for the lowest possible level to long, I would say, you may be making a lot of losses before you could really achieve the lowest possible level. If you are then able to make profits, your profits may not be enough to cover your losses. So the best thing to do is to follow strictly your what ever charts or indicators that you have in order to minimise your losses, if any.

~

If you look carefully at the CPO futures' performance, the market has been influenced greatly by the movement of the crude oil at either the CBOT or TOCOM.

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Today

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In the long term , the matket is still in the bearish situation but in the very very short term, I would say the market is bullish. So my forecast for today is as follows ;

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1) If the market opens between 2450 to 2475. Buy after the market has fallen 8 to 18 points from the opening level.Be careful if the market opens and falls in a very fast and steep gradient, it could be a false alarm.Don't forget your stop loss of between 10 to 15 points. If the market beats down the level between 2433 to 2440, the market may fall further especially if the market opens more towards the lower part of the 2450 to 2475 levels. If the market, then, manages to beat down the level between 2402 to 2408, the market may fall further down.If the market opens and moves up passing the level 2484 to 2490, the market may go further up especially if the market opens more towards the upper level of the 2450 to 2475.

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2) If the market opens between 2440 to 2450. Sell if the market manages to beat down the level between 2433 to 2440.

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3) If the market opens between 2475 to 2484. Buy after the market has passed the level between 2484 to 2490.

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4) If the market opens between 2484 to 2510. Buy after the market has fallen less than 8 points and moves up beating 5 points above the opening level.

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5) If the market opens between 2415 to 2440. Sell after the market has moved up 8 to 18 points from the opening ( careful if the movement is fast and in steep gradient ) or do as above but in the opposite way ( see # 4 the bold letters). If the market manages to beat down the level between 2402 to 2408, the market may fall further down.

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6) If the market opens other than the above, it is your call. I am not sure guys.

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7) Also look for a clear pattern of trendlines such as 3 tops/bottoms, head and sholuder etc....If you are not familiar with these trendlines.... just stay away and use other methods which are convinent to you.

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8) Please refer to # 9 ( Thursday's Tip dated 26th June )

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9) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July)

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If you are not sure, contact your broker. Never to contact your plumber. He may say CPO is just like water in the pipe. If you open the pipe longer, the water will be more ?????

~

Have a nice trading day and keep smiling even if you loss your money......#@$%^&*!

~

~

Thursday

Thursday - 7th August 2008
8.45 a.m. - Malaysian Time

The CPO ( crude palm oil ) for yesterday's market open at 2800 and closed at 2790. The highest was at 2803 and the lowest was at 2710.

The market open at 2800, this opening was not within the forecasted points put forward yesterday, and immediately the market moved up a bit to 2803 before retracing to the lowest of the day at 2710 just before noon. In the afternoon, the market went up to 2774 and fell back to 2720 before moving up again to settle at 2790. Well, theoretically, there was no money gained yesterday. As for trendlines, there was also no clear formation of 3 tops/bottoms, head & shoulder ..etc..what so ever.Well, it has been for two days without any profits yet - better than if you lose the money!!!!

Today

In the long run, the market is still bearish and in the very very short term the market is in uncertainty. So today , the forecast is a little bit simpler and shorter than usual;

1) If the market opens between 2785 to 2796 . Buy after the market has moved up passing the level between 2803 to 2809. If you see any profits, just lock them up.

2) If the market opens between 2710 to 2720. Sell if the market has moved passing down the level between 2704 to 2710.

3) If the market opens between 2803 to 2820. Buy after the market has retraced a bit and later moves up passing 5 points above the opening level.

4) If the market opens between 2695 to 2720. Sell after the market has moved up a bit and later retraces down passing 5 points below the opening level.

5) If the market opens other than the above, it is your call. Currently the market is quite hard to forecast except that the tendency to go further down is quite great.

6) Also look for a clear pattern of trendlines but if you are not familiar, just forget it.

7) Please refer to # 9 ( Thursday's Tips dated 26th June )

8) Also to # 9 and # 10 ( Tuesday's Tips dated 1st July )

Well, that's about it.
If you are not sure please contact your broker...never to contact your newpaper man.....


Have a nice trading moment.

Monday's Direction Today

Monday - 21 July 2008
9.15 a.m. - Malaysian Time
10.00 a.m. - a little bit of updating
10.10 a.m. - Another updating, to correct wrong figures

The CPO ( crude palm oil ) for October's contract open at 3397 and closed at 3392 on last Friday. The highest was at 3405 and the lowest was at 3358. It was a black bar and in a form of a hammer ( according to Japanese candle stick ). So no comment on that.

Today?

Last Friday, the market ended with a black bar and a hammer candle was formed. According to Japanese candle stick, it indicates that the market is in the reversal pattern. In Japanese candle stick, there are 3 types of candles which are of interest to most of the day traders which are beleived to be able to give about 75% accuracy. These are the Hammer or Hangging Man, Engulfing Bar, Dark Cloud Cover or Piercing Bar. Anyway, the realism of the reversal pattern would also depend on the opening of the market on the next session. Here are my forecast for today;

1) If the market opens between 3363 to 3393. Buy after the market has moved up and beat the level between 3393 to 3399. The market may move further up if the level between 3405 to 3410 are broken and a white bar may be formed today or at least in the early part of the trading day.
If the market moves down and beats the level between 3350 to 3358, sell here as the market may go further down but it may be short lived, the market may rebounce back. If you manage to make enough profits, lock it up quickly!

2) If the market opens between 3394 to 3406. Wait the market to fall a bit and buy after the market has moved up beating the 3 points above the opening point or if after opening, the market do not retrace not even a bit, buy after the market has beaten the level between 3405 to 3410. See also #1 ( the bold letters ).

3) If the market opens between 3405 to 3430. Buy here - for safety purposes, wait the market to fall a bit and buy after the market has moved up again and beat the opening point.

4) If the market opens above 3430. It is your call. I don't know, really.

5) If the market opens below 3350.It is your call, I don't know , really.

6) If you are not sure, you can look for a clear pattern of trendlines such as 3 tops/ bottoms etc

7) Please refer to # 9 ( Thursday's Tips dated 26th June )

8) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July )

Well, tha's it. If not sure , do contact your broker but never to contact your .......blah,blah

Enjoy your trading !!!

Monday Forecast

Sunday - 27 April 2008
12.55 p.m. - Malaysian Time
10.05 a.m. ( Monday - 28 March 2008 ) - updated

The CPO futures for July's contract on last Friday open at 3440 and closed at 3419. The highest was at 3445 and the lowest was at 3388. Since the market open not within the level which I have forecasted, then it is better for me not to evaluate on the matter. Even though the urge to enter the market is so strong, sometimes we have to forego the intention because the opening of the market is not within our forecasted analysis. It is better not to make money on a particulr day rather than losing some of it without proper analysis of the market. It means that the self deciplain is very important here.

Tomorrow ( Monday )

So what is for on Monday? In a very short term, I would prefer to say the market is still bearish but again the direction of the market would probably depend on the opening of the day;

1) If the market opens between the level 3390 to 3418 , the market is expected to move further down. Look for trendlines such as 2 tops / head and shoulder etc..before putting a sell but if the market moves up and beats up the level between 3434 to 3440 the market may go up further and a white bar could be formed at the end of the day or at least the market would go up higher before retraces down.As a day trader, liquidate your position a while after seeing profits. If , after opening, the market moves up in a fast and steep gradient and then beats the level which I have mentioned just now, be careful it could be a false alarm.Look for a second attempt.Use lightning strategy before putting a long position.

2) If the market opens between 3390 to 3384 and later moves down beating the level 3380 to 3385 , the market may retrace down and at a certain level may bounce back. If it moves in a fast and steep gradient, be careful it could be a false alarm, try on a second attemp. Look for 2 bottoms here before you long. The best is to use lightning strategy or "beat the last previous high ". Here you could probably wait a while ( after the market has moved up ) before liquidating your position.Any way, just be extra careful if the market manages to beat the level between 34 70 to 3479, it could also lead to a further down. if you are not sure what to follow, just stay away.

3) If the market opens below 3360, it is your call

4) If the market opens between the level 3430 to 3445 and then moves up beating the level between 3445 to 3450 , the market may go up further and a white bar could be formed today ( also refer #1 as above ). If after opening here, the market retraces down 5 to 10 points and later moves up beating 3 points above the opening point, just buy here!

5) If the market opens above 3454 and above , it is your call.

Well, that is my forecast for tomorrow. I may be wrongs and I have been wrongs.....( sound familiar, isn't it? )

Have a nice trading day

White Bar This Time?

Tuesday - 1 April 2008

9.40 a.m. - Malaysian Time

The market open at 3430 and closed at 3395. The highest was at 3490 and the lowest was at 3390. A different of 100 points.
Since I did not make any forecasting for a few days back, I prefer not to make any comment.

Today

For the last 3 days the market have been filled with the black bars, do you think the market today will be a white one ? It could be yes or could be no, it depends on where the market opens today and the direction of the market immediately after opening and also the minimum points of it's retracement or going up. Those who have been following my blog , probably may have some ideas on how to go about forecasting the market today.

Today's trading is a real day not April Fool's !

So have a nice trading !

Friday

Friday - 28 March 2008
12.25 a.m. - Malaysia time zone

The market open at 3640 and also closed at 3640. The highest was at 3670 and the lowest was at 3555.

Just like I mentioned yesterday, ( refer to #1 ), after opening at 3640 and at about 11.00 a.m. , the market went up to the highest level at 3670. There was a trendline pattern established here but the pattern ( 3 tops ) was not a clear one ( in this respect , experience is important ). Had a sell been put here, a very handsome profits would have been made.After passing the level 3585, the market did bounce back at 3556 , just like I forecasted yesterday, and later moved up to the closing of the day at 3640. I expected the market to be at least a small black bar since it did not break the level between 3545 to 3530. The closing ,according to candle stick, is said to be in the indecision situation.

There was a very clear but a big pattern of 3 bottoms formed at about 4.00 p.m. Those who had put a buy here and the stop loss of between 10 to 15 points might have suffered a loss but if a bigger stop loss had been placed between 10 to 25 points, then a very handsome profits could also have been able to be made.

Today

For some reasons, I am not able to make any forecast today.

Have a nice trading!

Thursday's Direction

Thursday - 27 March 2008
9.35 a.m. - Malaysia time zone

Before I forget, yesterday I happened to have a teleconversation with a friend of mine who is a CEO of one of the Felda's subsidiaries ( Felda is an established organisation which involved extensively in oil palm plantation and production through a communal system ). I would appreciate if he could contribute some information regarding the palm oil's matters which may probably help us in making decision on the palm oil's futures market. Later in the evening, I managed to meet a friend who is, at this point of time, a lecturer at one of the prominent universities in Malaysia. He also trades in stock market on part time basis and has quite a good knowledge in the futures market as well.

Yesterday, the market open at 3560 and closed at 3700. The highest was at 3700 and the lowest was at 3550.

The market open not within the frame that I have analysed but it did move up passing the level 3616 and a white bar was formed at the end of the trading day ( see #2 on yesterday's analysis). This would mean that the sidelines phenomena, in my opinion, is over. The market is said to be in, very short term, the bullish sentiment. ( or could the market be in a new sidelines level ?)

There were also a very clear formation of 3 tops ( in fact 7 acending tops + 3 flat tops - sell position here ) and 3 bottoms pattern ( buy position ) . The 3 tops pattern was formed between 3.00 p.m. to 3.30 p.m and 3 bottoms was between 4.40 p.m. to 5.oo p.m.Those who have taken the position here would have made quite a huge profits especially at the 3 bottoms position.

Today

How about today? As I said just now the market , in very short term, is bullish. Since the opening of the market yesterday was at a higher level ( more than 40 points of the closing of the day before ) and also closed even at a higher level, I would probably forecast that if the opening today is within the body of yesterday's bar, the market may end with a black bar. My analysis;

1) If the market opens above the level 3610 , look for trendlines, such as head and shoulder, 3 tops , diamand formation etc, especially if it forms at a higher level than the opening of the day.If you see any pattern here, just put a sell. If the market retraces down passing the level 3585, the market may rebounce back at certain level but if it keeps going down further passing the level between 3545 to 3530, the market may drift further down and a black bar would be formed today. ( words of reminder , see # 4 below )

2) If the market opens below 3584 and starts to move up to about 17 to 37 points, put a sell here.Do not forget to put your stop loss between 10 to 30 points. If the market keeps falling further down passing the level between 3545 to 3530, refer to # 1 as above.

3) If the market opens at 3520 and below, the market may end a white bar today. Look for trendlines such as 3 bottoms, inverted head and shoulder etc..especially at a lower end than opening of the day

4) Just words of reminder, if the market opens at any point especially near the close of yesterday and starts to move up passing the point 3700 or open higher than 3700 , be careful, the market may go further up and a white bar may be formed today.If this happens, the market is said to be confirming it bullishness

5) If the market opens not within that I have mentioned as above, it's your call

6) As usual, I may be wrong, and I have been wrong for quite a number of times. If in doubt, well consult your neighbours.....er I mean your broker.

Hav a nais treding dey!

Period of Uncertainty?

Monday - 24 March 2008
9.25 a.m. - Malaysia time zone

Last Friday the market open at 3225 and closed at 3330. The highest was at 3409 and the lowest was at 3179.Since I did not make any speculation prior to Friday, I deserve not to make any comment on the matter.

Today

From my observation, I would say that the market is in the period of uncertainty or sideline. In this situation, normally, the startegy used would be the contrarian strategy which means you buy when the chart or grph shows that it is the signal to sell and vise versa.This can be seen clearly for the last 3 days of trading. So I would figure the market is still in the period of uncertainty, unless if the level 3150 is broken down or the level 3490 is broken up.Either or , if these level are broken , the market would show a new direction. It could be today, tomorrow etc...It hards to figure out at this moment. Anyway, I would still like to speculate for today's market ;

1) If the market opens between 3305 and below and then breaks down the level 3290, the market may go down further ( normally in the middle or later part of the trading ) to a certain level and may go up ( rebounce - here look for trendlines before taking any position) and may pass up the opening level. If the market moves further down ( do not rebounce ) and passes the level between 3190 to 3150, the market may even go further down and a black bar could happen at the end of the trading day.

2) If the market opens at 3397 and above and breaks the level between 3414 to 3424, it may go up further but at certain level, the market may fall down ( here look for trendlines before taking any position )and may pass down the opening level. If the market moves further up passing the level between 3470 to 3490 , the market may even go up further and may end a white bar today.

3 ) If the market opens between the two of the above, the market may be choppy unless if it beats down 3305 ( refer to #1 as above) or if beats above 3397 ( then refer to #2 as above).

That's about it. As usual, it is only my speculation, if you are not sure, contact your Associate Prof at UKM ....er I mean your broker or stay out of the market. If you cannot make money today, there are always another day to look forward.
Have a nice trading.

National Election and the Market

Wednesday - 12 Mac 2008
11.55 p.m. - Malaysia time zone

Due to the cpo's market scenario and also to the national election held in Malaysia a few days back, which ended in a surprise result, prompted me not be able to make any speculation on the CPO's market.The price fluctuation have been very very volatile and most of the days, the range is above 100 points per day and the movement per tick is between 5 to 10 points. In some cases it shot up to even 15 to 20 points. An everage or small investor like myself may not be in the position to enter the market because of its high risks. In some event, even if you put a stop loss of 15 to 20 points it may not end up to what you may have expected especially to what had happened on 10 th of Mac 2008. The market went up to 4000 points within a few seconds. If you had a position contarary to the movemet of the market , you could have ended up poorer by a few thousands ( only by 1 lot ). So should you wait for the market to stable first or to enter as it is the time to make very big money while the market is still "active". As for me, I still like the market except that I would look for a quiter period where the movement per tick is normal.
Anyway, this is my forecast of the market for tomorrow ;

Tomorrow

I still like to say the market is still in a bearish situation;
1) Take position if the market open between the range of 3760 to 3800. Recently the market seemed to open far higher or far lower from the previous day bar. After opening and the market goes up to between 14 to 30 points, then place a sell here. Put a stop loss of between 10 to 20 points. If the movement of the market is very fast and per tick is high, just be careful. To be safe after reaching the targetted level, you can use lightning or first beating strategies.If this pattern exists then only you take the position to sell.
2) If after opening , between this range, the market moves up and beat 3821 to 3825 and above, the market may move further up especially if the level of 3880 is broken.If the market opens between the range and starts to move passing down 3234 to 3239 and below , a further downwards movement may be expected especially if the level 3697 is broken.
3) If the market opens between 3821 to 3845, the market may go up further especially if the level of 3880 is broken and a white bar can be expected tomorrow
4) If the market opens 3715 and below , the market may ends in a white bar
5) Besides the above, if no position is taken after opening, you could probably look for a clear pattern of trendlines especially "after" afternoon.

If after opening , the market is volatile and per tick movement is high, just stay away from the market.

Wednesday's Where About

Wednesday - 27 Feb 2008
8.50 a.m. - Malaysia time zone

Yesterday, the market open at 3900 and closed at 3792. The highest was at 3903 and the lowest was at 3760.
After 6 consecutive days of white bars, the market decided to put a correction yesterday. Was it a correction or probably the reversal point of the bullish sentiment?

I made a loss yesterday. After opening, the market fell quite sharply but after 8 minutes, as there was a very short "consolidation period", I managed to put a buy at 3875 and also put a stop loss at 3865. Anyway the market was not in my favour . Instead the market kept pushing southwards especially after beating the level 3830, just like I mentioned yesterday. So I loss 15 points.That's it, you cannot win all the time.Besides there was also no clear formation of trendlines except before lunch break. From my experience, if the market is in the correction or reversal phase, it is better not to take any position especially if the market starts to show sign of , in this situation, going up again.

Today

It still looks like the market is still in the bullish situation;

1) At this point of time, I would prefer to say that if the market opens at 3786 and above and starts to move up and later beats the level between 3797 to 3802 then a buy position can be placed here or if the market opens at any points and later starts to move up to pass the level between 3797 to 3802, then the market is expected to move further up. If the market opens at any point but does not go up beating the level between 3797 to 3804 then the market could be in the indecision period but if the market starts to move downwards and beat the level between 3759 to 3752 then a further down could happen today. If the market opens above between 3802 to 3820 then the market may go up further.

2) Besides the above, also look for a clear pattern of trendlines which you are familiar with. If there is no clear pattern, just stay away.

Happy trading

Wednesday - 20 Feb 2008

19 Feb 2008
9.55 p.m. - Malaysia time zone
Edited at 8.30 a.m.- 20 Feb 2008

The market today open at 3588 and closed at 3625. The highest was at 3646 and lowest was at 3555. It seemed that today is the highest points ever recorded.It also seems that the market is breaking a new record almost everyday.

The market today open within the body of yesterday black's bar. In normal circuntances, if this situation occurs , it indicates the market will be a white bar.After 8 minutes of opening the market went down reaching more than 12 points as forecasted by me yesterday ( I forecasted between 12 to 20 points ).Today I managed to put a buy at 3567 but because my stop loss was only at 10 points after my buying position, I made a loss today! Those who had bought at this level but had put 15 points stop loss should have made quite a handsome profits!

There was also a pattern of inverted head and shoulder; the shoulder was at 10.38 a.m., the head was at 10.46 a.m. and another shoulder which was not in a clear pattern either at 11.00 a.m. or at 11.30 a.m. It was quite a gamble should this position had been taken ( long position ) as it proved later that the market started to climb to the highest points ever recorded.

Tomorrtow?

I would still prefer to say that the market is still "bullish" but if the market opens at any point tomorrow ,especially if it opens below 3525, and later starts to retrace down between 3615 to 3610 and downwards , the market may be retracing further down, look for a signal to sell by using trendlines which you are familiar with! If the market opens above 3527 and above, it could go further up and a new record high would be in the making.

This is only my forecast, I may be wrong again just like today. If you are in doubt , just contact your broker.

Have a nice day!

What's on on Tuesday

18 Feb 2008
11.55 p.m. - Malaysia Time Zone

Today the market open at 3508 ( May contract ) and closed at 3599. The highest was at 3600 and the lowest was at 3508.
I have no comment on that.

As for Tuesday, I would like to say that the market is still in bulish sentiment. As I said earlier on , my strategy focuses more on the early part of the opening rather than closing. So if the market tomorrow is to close a black bar, it would make no different to the strategy;

1) Take position only if the market opens between 3534 to 3627
2) If the market does not open within these points or no position is to be taken even if the market opens within these points, then , during the trading, look for a clear formation of the trendlines which are familiar to you.

1.1) If the market opens between 3534 to 3627, put a buy position when the market retraces to a level of 12 to 20 points from the opening. If the market moves down at a very fast rate, just be very careful.It may make you to buy at the wrong position and probably you might have to execute your stop loss position ( In this case, experience plays an important part here )

1.1) If the market opens above 3627 , the market may retrace down. If not sure what to do next , just stay out of the market.

1.2) If the market opens below 3534 and later starts to move and passing down the points between 3522 to 3517, it may lead to a further fall in the futures's prices. If the market opens at any point between 3534 to 3627 , especially if it is near to the lower end, and then starts to decend down between 3522 to 3517 and below, the market may decend further down.

As I mentioned earlier, this is only a forecast, I could be wrong and I have been wrong for quite a number of times. If you have any doubt, please consult your broker.

Friday's Performance

Saturday - 16 Feb2008
11.00 p.m. - Malaysia time zone

The market on Friday open at 3544 and closed at 3484. The highest was at 3544 and lowest was at3474.

As I mentioned on last Thursday's nite that if the market open above 3484, it may lead to a fall. It seemed that it did fall to 70 points. I also mentioned to take position only if the market open between the range of 3479 to 3440. If the market open not within range or if no position was made after the opening of the market then a person can look for a clear pattern of the trendlines during the actual trading of the futures.

There was one very clear pattern of inverted Head and Shoulder which occurred between 12.00 p.m. to 3.35 p.m. If this position ( a buy position) had been placed , there would have been a profit of about 10 points. In fact , it was quite a "safe" position to take because it took about 1/2 hour for the market to reach at that 10 points level.There was no other clear pattern recognised because the market was really on the verge of falling and falling.

As for Monday, due to some reasons, I am not able to make any forecasting today but what I like to say here is that there is a gap between last Friday's black bar and Thursday's white bar. Do you think you know what this means ?

How's The Market on Friday?

14 Feb 2008

11.50 p.m. - Malaysia time zone

Since I did not make any forecasting on today's market, I would rather prefer to talk on tomorrow's market ( Friday)

1) I am using 2 type of strategies ;
1.1) The early movement of the market after market opens in the morning
1.2) During the trading hours between 10.30 a.m. to 6.30 a.m. - the use of trendlines such as ; 3 Tops/Bottoms, Head and
Shoulder, 2 Tops/Bottoms etc

2) Since the market closed today on a higher note beating 3458, which was on 5th Feb, the CPO futures was said to be the highest ever recorded today at 3459. 1 point extra only. As for tomorrow, I would forecast that the market would be bullish ( As I mentioned earlier, my strategy is focusing more on the opening rather than the close. Even if tomorrow is be a black bar, it gives no effect to the strategy )

3) Take position only if the market opens between 3479 to 3440. If the market opens within this range and then falls to about 6 to 16 points from the opening then a buy position can be placed. A stop loss of about 10 to 15 points can be done after a buy position has been placed. Be careful if, after opening, the market falls immediately in a very steep way. The best is still , after opening, the market moves a little bit up and then falls slowly to the level that I mentioned just now. Any way, if in doubt, just stay away from the market.

4) If ,after opening, the market happens to beat yesterday's highest or opens higher than yesterday's highest or opens higher than 3464 then it may continue to move up further. Anyway if the market opens higher than 3484, then, from my experience, the market may fall. Any buy up at this juncture would involve a high risk.

5) If market opens below 3440, it could mean that market may fall further down especially if it beats down the level between 3439 to 3425.

6) If no position is to be made after the opening, look for a clear pattern of 3 tops/bottoms, head and shoulder, 2 tops/bottoms and also other trendlines that you are familair with during the trading hours.

7) As I have stated in my previous postings, this is only my forecasting. I could be wrong, I have been wrong for quite a number of times. For further information, contact your broker.

What Next?

13 Feb 2008 - 11.50 p.m. - Malaysia time zone

Today the market open at 3391 and closed at 3360. The highest was at 3403 and the lowest was at 3338 ( This is for April's contract ).

This morning, the market open within the range which I mentioned yesterday.After opening, the market immediately moved down to 3380 and then started to climb up to 3403 which was about 12 points above the opening, just like what I have forecasted yesterday. At this level, if a sell position, as suggested yesterday, was made a profit of between 20 to 30 points could have been made.

Besides that, a clear pattern of decending 3 bottoms were able to be recognised . For the first bottom, it was between 11.53 a.m. to 12.02 p.m. , 2nd bottom between 12.02 p.m. to 12.30p.m. and 3rd bottom between 3.00 p.m. to 3.10 p.m. Here, if a buy position was made, the profits could have been between 10 to 13 points only.

Another 3 tops trendlines were also formed between 3.10 p.m. to 4.05 p.m. but the formations were not very "clear" so it was better to stay away from the market. Some say it is better not to enter the market rather than losing some money. So for today's market, 2 entry could have been placed.

As for tomorrow ( Thursday ), due to some reasons, I am going to do any forecasting . Probably I would be back tomorrow for Friday's forecasting of CPO futures ( April's contract ). Any response from viewers so far ?