Wednesday - 2 April 2008
10.15 a.m. - Malaysian Time
A few days back , I tried to post my forecast to my blog but it did not get through. I just wonder why?
Since the market is about to open in just a few minutes more, I do not think I will be able to do any detail forecasting today.
According to Japanese candle stick, the bar for yesterday's was a hammer. In this situation, it is believed that the bar indicates the reversal pattern. Sometimes it turns to be the other way round.Most investors like this bar, anyway it will depend on the opening. If the opening is higher than yesterday's highest, the probablity is that the market will end a white bar, but in the early part of the trading, the market may be moving southwards. If opens too high, it is hard to say.Also if the market opens within the body of yesterday's ( more towards to the highest of yesterday ) and later moves up beating yesterday's highest ( better if it beats 4 to 10 points above yesterday's highest), it may end with a white bar today.Also look for trendlines, more on going upwards.
Happy trading!
Wednesday, April 2, 2008
Tuesday, April 1, 2008
White Bar This Time?
Tuesday - 1 April 2008
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 !
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 !
Thursday, March 27, 2008
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!
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!
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!
Wednesday, March 26, 2008
It Is Still Here
Wednesday - 26 March
9.00 a.m. - Malaysia time zone
Yesterday the market open at 3388 and closed at 3500. The highest was at 3501 and the lowest was at 3380.
Since I did not make any speculation on yesterday's performance, so let's move to today's forecast.
Today
From the last 5 day's performances, the market clearly shows that it is still in the sidelines situation. In this situation, as I mentioned earlier, the strategy used should be the contrarian strategy i.e. you buy when the sign gives the signal to sell and vise versa. Unless the level between 3613 to 3620 or the level between 3150 to 3160 are broken, then I would foresee a new and clearer direction would be recognised. My analysis ;
1) If the market opens between 3428 to 3490 and later moves up beating the level 3505 ( it may not even reach this level ), the market may go up further but at certain point, it will retrace down ( here look for trendlines to sell ) but if the market moves further up and beats the level 3613, the market may moves further up and a white may be formed at the end of the day.( If this happens, the sidelines could probably be over, if not the market will still be sidelines )
2) If the market opens below 3426 and later beats down the level 3410, it may retrace further. If it beats down again the level 3375 and below, the market may retrace further down and may bounce back ( look for trendlines to buy here ). But if the market keep retracing down and passes the level 3320 , the market may ends a black bar today.( If this hapopens, the sidelis may be over, if not the sidelines will persist )
3) If the market opens between 3380 to 3501 , then start moving up, refer to #1 as above or starts moving down, refer #2 as above
4) If the market opens above 3505, it is your call
5) If the market opens at 3375 and below, it is your call
6) In sidelines situation, the usage of trendlines give better result than using other methods.
That's it, I may be wrong again. Not sure, contact your broker.
9.00 a.m. - Malaysia time zone
Yesterday the market open at 3388 and closed at 3500. The highest was at 3501 and the lowest was at 3380.
Since I did not make any speculation on yesterday's performance, so let's move to today's forecast.
Today
From the last 5 day's performances, the market clearly shows that it is still in the sidelines situation. In this situation, as I mentioned earlier, the strategy used should be the contrarian strategy i.e. you buy when the sign gives the signal to sell and vise versa. Unless the level between 3613 to 3620 or the level between 3150 to 3160 are broken, then I would foresee a new and clearer direction would be recognised. My analysis ;
1) If the market opens between 3428 to 3490 and later moves up beating the level 3505 ( it may not even reach this level ), the market may go up further but at certain point, it will retrace down ( here look for trendlines to sell ) but if the market moves further up and beats the level 3613, the market may moves further up and a white may be formed at the end of the day.( If this happens, the sidelines could probably be over, if not the market will still be sidelines )
2) If the market opens below 3426 and later beats down the level 3410, it may retrace further. If it beats down again the level 3375 and below, the market may retrace further down and may bounce back ( look for trendlines to buy here ). But if the market keep retracing down and passes the level 3320 , the market may ends a black bar today.( If this hapopens, the sidelis may be over, if not the sidelines will persist )
3) If the market opens between 3380 to 3501 , then start moving up, refer to #1 as above or starts moving down, refer #2 as above
4) If the market opens above 3505, it is your call
5) If the market opens at 3375 and below, it is your call
6) In sidelines situation, the usage of trendlines give better result than using other methods.
That's it, I may be wrong again. Not sure, contact your broker.
Tuesday, March 25, 2008
Period of Uncertainty ( Still continue?)
Tuesday - 25 March 2008
9.35 a.m.
Yesterday the market open at 3415 and closed at 3340. The highest was at 3541 and the lowest was at 3328.
If you look at my forecast yesterday ( #2), the market did go up and later fell down passing by the opening level except that it did not end a white bar and the break away level that I predicted (3470 to 3490 ) did not materialise. In fact after breaking these level , the market went up further and after reaching 3505, it fell to the level at 3452.Later it moved up again to the highest level of the day before retracing down again almost to lowest of the day . In day trading, what you are interested is in making profits ( sometimes big and sometimes small) as fast possible and later you just simply leave the market. You can do this 2 or 3 times a day.
In theory, if you had put a buy after 3490 ( expecting the market to go up further - just like my forecast ) you would still manage to make profits but in practise , you might end up losing money unless if your stop loss point is big. Besides that there were clear formation of 3 tops ( actually 4 tops ) after 11.00 a.m., a false one after 3.30p.m and another clear formation of 3 tops ( many tops ?) after 5.00 p.m.
Today
This morning I found that there were some mistakes with my graphs and charts ( I am not making any execuses ) so I decided not to make any forecasting today. To small investors, if you are not ready to put a stop loss of between 20 to 40 points then it is better to stay away from the market. There are still days ahead where you can make profits ( even though it may not be a big one). Making small profits will make you stay longer in the market and be able to learn the market better rather than making big profits and later on you are phased ( spelling?)out without any trace.
Have a nice trading day
9.35 a.m.
Yesterday the market open at 3415 and closed at 3340. The highest was at 3541 and the lowest was at 3328.
If you look at my forecast yesterday ( #2), the market did go up and later fell down passing by the opening level except that it did not end a white bar and the break away level that I predicted (3470 to 3490 ) did not materialise. In fact after breaking these level , the market went up further and after reaching 3505, it fell to the level at 3452.Later it moved up again to the highest level of the day before retracing down again almost to lowest of the day . In day trading, what you are interested is in making profits ( sometimes big and sometimes small) as fast possible and later you just simply leave the market. You can do this 2 or 3 times a day.
In theory, if you had put a buy after 3490 ( expecting the market to go up further - just like my forecast ) you would still manage to make profits but in practise , you might end up losing money unless if your stop loss point is big. Besides that there were clear formation of 3 tops ( actually 4 tops ) after 11.00 a.m., a false one after 3.30p.m and another clear formation of 3 tops ( many tops ?) after 5.00 p.m.
Today
This morning I found that there were some mistakes with my graphs and charts ( I am not making any execuses ) so I decided not to make any forecasting today. To small investors, if you are not ready to put a stop loss of between 20 to 40 points then it is better to stay away from the market. There are still days ahead where you can make profits ( even though it may not be a big one). Making small profits will make you stay longer in the market and be able to learn the market better rather than making big profits and later on you are phased ( spelling?)out without any trace.
Have a nice trading day
Monday, March 24, 2008
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.
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.
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