Thusrday - 21 Feb 2008
9.00 a.m.
Sorry, there is something wrong with my computer connection, my postings on today's market forecast did not go through.
Thursday, February 21, 2008
Tuesday, February 19, 2008
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!
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!
Monday, February 18, 2008
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.
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.
Saturday, February 16, 2008
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.
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 ?
Thursday, February 14, 2008
How's The Market on Friday?
14 Feb 2008
11.50 p.m. - Malaysia time zone
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.
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.
Wednesday, February 13, 2008
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 ?
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 ?
Tuesday, February 12, 2008
What about Wednesday?
12 Feb 2008 ( 10.30 p.m. - Malaysia time zone )
Today the market open at 3405 , closed at 3375. The highest was at 3446 and lowest was at 3375.
The opening of the market was within my expectation as mentioned yesterday except that after opening the market started to move up to 3446 before falling down to 2391 and moved up again to reach 3421 before lunch break. The market retraced to 3491 which was 14 points from the opening not 15 points as I have suggested yesterday. Anyway I do not recommend to buy here as my strategy is more focusing on taking position in the early part of the opening.
After opening the market moved up to 3446, there was a "clear " pattern or formation of 3 ascending Tops ; 1st Top was from the opening to 10.41 a.m., 2nd Top from 10.41 to 10.50 a.m., 3rd Top was from 10.50 to 11.06 a.m. A sell (short) position after the 3rd Top formation would incur profits to about 20 to 40 points.
An inverted formation of Head and Shoulder was also formed before lunch break. But the " pattern" was not clearly recognised, so the best thing to do was to stay away from the market. The Shoulder was clearly formed between 11.26 a.m. to 11.30 a.m., the head from 11.30 a.m. to 11.40 a.m. but the other shoulder was not clearly recognised.
After lunch , there was also a clear pattern of 3 Tops ; the 1st top was between 12.00 a.m. to 3.14; the 2nd top from 3.14 p.m. to 4.00 p.m and the other top from 4.00 to 4.30 p.m. So from this observation, I can say that there were 2 points of entry for today's market.
What about Wednesday?
Since today's market was a black bar, so I anticipate tomorrow will be bearish ( Please take note that tomorrow may end up a white bar but my strategy is to focus on after opening rather than the closing so whether the market ends up white or black bar makes no different to me);
1) Take position only if the market opens between 3426 to 3349. After opening, if the market moves up to about 11to 16 points, then place a sell here and don't forget to put a stop loss between 10 to 20 points after taking the position. If after opening the market moves up in a fast and sharp gradient, just be careful. If not sure, stay away.The best is, after opening, the market retraces down a little bit and then starts to move up slowly and steadily to reach at 11 to 16 points after opening, then put a sell position here . Any way do not forget your stop loss point.
2) If the market opens above 3426 and moves up passing 3438 to 3443 then the market may go up further.
3) If the market opens 3349 and below , the chances is that the market could move up further
4) Any way if you decide not to take any position after the opening of the market, then look for these clear formations ; 3Tops/Bottoms, 2 Tops/Bottoms, Head and Shoulder ( also inverted Head and Shoulder ) and Half Mountain trendlines. If there are no clear formation , just do nothing
5) As I mentioned earlier , this is only a prediction on the CPO market. I may be wrong! I have been wrong for quite a number of times. If in doubt please contact your broker.
Today the market open at 3405 , closed at 3375. The highest was at 3446 and lowest was at 3375.
The opening of the market was within my expectation as mentioned yesterday except that after opening the market started to move up to 3446 before falling down to 2391 and moved up again to reach 3421 before lunch break. The market retraced to 3491 which was 14 points from the opening not 15 points as I have suggested yesterday. Anyway I do not recommend to buy here as my strategy is more focusing on taking position in the early part of the opening.
After opening the market moved up to 3446, there was a "clear " pattern or formation of 3 ascending Tops ; 1st Top was from the opening to 10.41 a.m., 2nd Top from 10.41 to 10.50 a.m., 3rd Top was from 10.50 to 11.06 a.m. A sell (short) position after the 3rd Top formation would incur profits to about 20 to 40 points.
An inverted formation of Head and Shoulder was also formed before lunch break. But the " pattern" was not clearly recognised, so the best thing to do was to stay away from the market. The Shoulder was clearly formed between 11.26 a.m. to 11.30 a.m., the head from 11.30 a.m. to 11.40 a.m. but the other shoulder was not clearly recognised.
After lunch , there was also a clear pattern of 3 Tops ; the 1st top was between 12.00 a.m. to 3.14; the 2nd top from 3.14 p.m. to 4.00 p.m and the other top from 4.00 to 4.30 p.m. So from this observation, I can say that there were 2 points of entry for today's market.
What about Wednesday?
Since today's market was a black bar, so I anticipate tomorrow will be bearish ( Please take note that tomorrow may end up a white bar but my strategy is to focus on after opening rather than the closing so whether the market ends up white or black bar makes no different to me);
1) Take position only if the market opens between 3426 to 3349. After opening, if the market moves up to about 11to 16 points, then place a sell here and don't forget to put a stop loss between 10 to 20 points after taking the position. If after opening the market moves up in a fast and sharp gradient, just be careful. If not sure, stay away.The best is, after opening, the market retraces down a little bit and then starts to move up slowly and steadily to reach at 11 to 16 points after opening, then put a sell position here . Any way do not forget your stop loss point.
2) If the market opens above 3426 and moves up passing 3438 to 3443 then the market may go up further.
3) If the market opens 3349 and below , the chances is that the market could move up further
4) Any way if you decide not to take any position after the opening of the market, then look for these clear formations ; 3Tops/Bottoms, 2 Tops/Bottoms, Head and Shoulder ( also inverted Head and Shoulder ) and Half Mountain trendlines. If there are no clear formation , just do nothing
5) As I mentioned earlier , this is only a prediction on the CPO market. I may be wrong! I have been wrong for quite a number of times. If in doubt please contact your broker.
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