CPO : Sidelines Again?

The CPO ( Crude Palm Oil) futures for January contract open at 2160 and closed at 2208 yesterday. The highest was at 2213 and the lowest was at 2154. The market ended unchanged with a white bar.

The market open at 2160 and immediately moved up without any retracement to close at 2175 before lunch. In the afternoon, the market retraced to the lowest of the day at 2154 before shooting up to finally settle at 2208. The market open within one of the suggested forecasts but did not move accordingly, so there was no action for yesterday!

Today

The market, in long run is still bearish and the very very short term, the market is said to be in sidelines. The forecast for today;

1) If the market opens between 2176 to 2190. Sell after the market has passed down the levels between 2165 to 2170.

2) If the market opens between 2154 to 2164. Sell after the market has retraced and passing down the levels between 2145 to 2150.

3) If the market opens between 2220 to 2232. Buy after the market has retraced a bit and then moves up 5 points above the opening level.

4) If the market opens between 2105 to 2115. Sell after the market has moved up a bit and then falls 5 points below the opening level.

5) If the market opens between 2165 to 2175. Sell after the market has moved up passing the levels between 2176 to 2182 and then falls back again passing down the levels between 2165 to 2170.

OR ( Before 11.40 a.m.)

6) If the market opens between 2154 to 2180. Sell after the market has broken down the levels between 2150 to 2153 and then moves up again to the levels between 2167 to 2174.

7) If the market opens between 2140 to 2153. Sell after the market has moved up to the levels between 2167 to 2174.

8) If the market opens other than the above, it is your call.......who else?

9) Also refer to my postings dated 12th January , see # 6

If you are in doubt.....simply contact your dealer..or may the oppostion leader of a polical party

Have a nice trading day........guys.....

8.45am

Contrarian Effect Again?

The market , currently, is said to be in consolidation period and many expect the market to fall further. As for me, it still depends on the opening level of the market today.
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Today

My forecast for today;

1) If the market opens between 2075 to 2124. Buy after the market has fallen 13 points after the opening level. The market would be more significant if it opens more towards the upper level of the 2075 -to-2124 levels. Just be careful of the false alarm and also to make sure that the 13 points down do not exceed the level 2062.
2) If the market opens between 2125 to 2134. Buy after the market has passed the levels between 2140 to 2145.
3) If the market opens between 2062 to 2074. Sell after the market has retraced and passed down the levels between 2050 to 2057.
4) If the market opens between 2140 to 2160. Buy after the market has dropped a bit and then moves up 6 points above the opening level.
5) If the market opens between 2040 to 2057. Sell after the market has moved up a bit and then falls 7 points below the opening point.
6) if the market opens other thna the above, it is simply up to you, guys......
7) Please refer to my posting dated 12th January ( see #6)

If you are in doubt, just contact your dealerlah.....Do not contact your grandfather as he only knows how to wistle while brushing his teeth.....

Have a nice trading day, guys....

5- 9.14am

Monday's Direction

Monday - 17 Mac 2008
9.20 a.m. - Malaysia time zone

The market on Friday open at 3798 and closed at 3686. The highest of the day was at 3837 and the lowest was at 3670.

The market open not within the range which I have mentioned earlier on ( between 3807 to 3900 ) but open under the level of 3805 which , on later part, retraced further down after beating the level 3788 just like what I have mentioned last Friday.
The market open at 3798 and then started to retrace down to 24 points and then moved up to the highest of the day at 3837 and then moved down and closed almost to the lowest of the day.The movement of the market, in the early part of the trading day, was tally to my prediction except that the opening was not within the range of my speculation.There was also a clear formation of 3 tops, the 3rd top was between 11.00 a.m. to 11.30 a.m. This formation also looked like the formation of head and shoulder except the second shoulder was not that prominent. Those who had taken a short at this 3rd top might have made quite a handsome profits.There was also a "calm" period from 4.00 p.m. to 4.30 p.m. which looked like the market was about to go up. At this point, if a buy position were to be placed , a loss could have occured. On the whole the market was volatile and the spread between buy and sell was quite high between 3 to 10 points.

Today.

Earlier on , I said the market was in a consolidation or sidelines phase unless if the level 3680 was broken. In fact this level was broken at the end of the trading on last Friday. So I would say the market now is in bearish situation and the sidelines phase could be over. So today I expect the market would retrace further down, at least in the early part of the day ,and could end up a black bar. Anyway,If the market today ends a white bar and closes above 3700, the sidelines may still be around. As for today, those who have been following my blog would probably have the idea of how to enter the market. So good luck!

P/s. I received an e-mail asking me about the fisrt beating and lightning strategies.
Since this blog is limited in its capacity where the need to draw charts is not possible, I think I am not able to explain , at
least, for the time being.

Mock Trading

29 Jan 2008

Investing in CPO futures or CPO investment is one of the best way to make money. To certain people, it is a mechanism to create wealth provided if you are on the track. It is also a business opportunity whereby you could operate the business right from your home.

What is mock trading ? After you have had your account open, it is time for you to start trading but what happens if you fail ? So before proceeding to actual trading, it is better for you to practice a trial trading. This is an offline trading which the risk of investing is completely nil. It is good for beginners to test their trading skills and also to try any new trading techniques, if any. You could also open an account in the website for an online mock trading practices and you are allowed to do the trading for free of charge.

As mentioned earlier, after you have open your account at a brokerage firm and a website where you can view the real time price of the futures, you could practise doing either "buy" or "sell" position. When you are ready , then you could do the real trading with a high level of confidence. Should you pose with any problems you could always consult your broker for further information.

Further readings ;

http://www.mocktrading.com/
http://www.hedgestreet.com/
http://www.learninvesting.com/