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
Sunday, April 27, 2008
Friday, April 25, 2008
Friday's Forecasting
Friday - 25 March 2008
8.50 a.m. - Malaysian Time
Cpo ( crude palm oil ) for July contract open at 3525 and closed at 3460. The highest was at 3545 and the lowest was at 3454. Since I did not make any forecast on yesterday's market so I think I better not to make any remarks on the matter. Since my situation regarding my blog had been rectified, I hope to be able to forecast on my blog again especially for those out there who may be interested in my forecasting. ( if there is any)
Today
In a very short term, I would say the market is in bearish position;
1) If the market opens between the level 3465 to 3525, sell after the market has moved up probably between 13 to 23 points from opening. Do not forget your stop loss between 10 to 15 points. If, after opening, the market moves up in a very fast and steep gradient, be careful the market may go up further and and your placement at the level the I have suggested may be "harmful". The best, after opening, the market moves up steadily and the gradient is not that very steep. If the market manages to beat the level 3536 to 3550, the market may go up further and a white bar may be formed today. Make sure that your 13 to 23 points level from the opening must not beat this level.( It means; be careful if the opening is more towards the upper end of yesterday's bar )
2) If the market opens between the level 3465 to 3525 and later manages to beat down the level between 3445 to 3453, the market may fall further but at certain point, I think the market may bounce back. A buy position can be placed here ( look for 2 or 3 bottoms/ inverted head & shoulder or other trendlines )
3) If the market opens below 3428, the market may end up a white bar today.Look for 3 bottoms/ inverted head & shoulder or other trendlines before long position is to be established .
4) If the market opens between 3546 to 3552, the market may go up further and a white bar could be formed today. You can use lightning strategy to place a buy position here.
5) If the opens above 3560, it's your call.
Well, that 's about it. I hope I am right. I have wrongs.....blah..blah...
Have a nice trading
8.50 a.m. - Malaysian Time
Cpo ( crude palm oil ) for July contract open at 3525 and closed at 3460. The highest was at 3545 and the lowest was at 3454. Since I did not make any forecast on yesterday's market so I think I better not to make any remarks on the matter. Since my situation regarding my blog had been rectified, I hope to be able to forecast on my blog again especially for those out there who may be interested in my forecasting. ( if there is any)
Today
In a very short term, I would say the market is in bearish position;
1) If the market opens between the level 3465 to 3525, sell after the market has moved up probably between 13 to 23 points from opening. Do not forget your stop loss between 10 to 15 points. If, after opening, the market moves up in a very fast and steep gradient, be careful the market may go up further and and your placement at the level the I have suggested may be "harmful". The best, after opening, the market moves up steadily and the gradient is not that very steep. If the market manages to beat the level 3536 to 3550, the market may go up further and a white bar may be formed today. Make sure that your 13 to 23 points level from the opening must not beat this level.( It means; be careful if the opening is more towards the upper end of yesterday's bar )
2) If the market opens between the level 3465 to 3525 and later manages to beat down the level between 3445 to 3453, the market may fall further but at certain point, I think the market may bounce back. A buy position can be placed here ( look for 2 or 3 bottoms/ inverted head & shoulder or other trendlines )
3) If the market opens below 3428, the market may end up a white bar today.Look for 3 bottoms/ inverted head & shoulder or other trendlines before long position is to be established .
4) If the market opens between 3546 to 3552, the market may go up further and a white bar could be formed today. You can use lightning strategy to place a buy position here.
5) If the opens above 3560, it's your call.
Well, that 's about it. I hope I am right. I have wrongs.....blah..blah...
Have a nice trading
Tuesday, April 22, 2008
What's on Wednesday?
22 March 2008
11.00 p.m. - Malaysian time
Crude Palm oil futures - If you cannot view my blog using Internet Microsoft Browser then I would like to suggest to use Mozilla Firefolk Browser. Since this browser, if I am not mistaken, was developed by Google, the browsing of blogspot web would be more approprite. This browser can be download from the net, free of charge. Since I still have some problems with my blog, I prefer not to make any forecast today. I would be back as usual after this situation has been resolved.
Have a nice trading day!
11.00 p.m. - Malaysian time
Crude Palm oil futures - If you cannot view my blog using Internet Microsoft Browser then I would like to suggest to use Mozilla Firefolk Browser. Since this browser, if I am not mistaken, was developed by Google, the browsing of blogspot web would be more approprite. This browser can be download from the net, free of charge. Since I still have some problems with my blog, I prefer not to make any forecast today. I would be back as usual after this situation has been resolved.
Have a nice trading day!
Tuesday Blues
22 March 2008 - Tuesday
9.17 a.m. - Malaysian time
CPO futures ( July contract ) for Monday open at 3525 and closed at 3459. The highest was at 3535 and the lowest was at 3435. The market seemed to have continued its southwards movement. This normally occurs after a certain gap within the chart system have been filled either by black or white bar. In this case, the gap between last Monsy's bar and last Tuesday's bar had been filled by Friday's bar ( The Friday's black bar covered the Monday's and Tuesday's bar ).Since the market did not open within my forecasted level, then I would rather reserve my comments. Anyway there was a clear formation of 3 bottoms between 3.00 p.m. to 3.15 p.m.Those who may had taken a long here might probably have been able to make quite a handsome profits because the market kept going upwards until it reached the highest level of the day before retracing down again.
Today
So, let's proceed to today's market where about. As I could figure out on the current market situation, I would prefer to say that the market, in a very short term, is in the situation of uncertainty. So in brief, this is my forecast for today;
1) If the market opens anywhere within the body of yesterday's black bar and later start to move up beating the level between 3536 to 3545, the market may go up further, at least in the early part of the trading day . The market may end a white bar today. It would be more "effective" if the market open more towrds to the higher part of yesterday's bar - if not , just stay away. Anyway, if after opening, the market moves up steeply and in a very fast way beating the level which I have mentioned earlier, just be extra careful, it could a false alarm. If this happens, look for a second attempt.
2) If the market opens anywhere within the body of yesterday's bar and later starts to move down the level between 3427 to 3436 , it may go down further, at least in the early part of the trading day. Either the market may bounce back or continue its downwards journey is hard to say. Any way, as a day trader, if you can make a small profits, just let it go.Anyway, the best is; if the market opens more towards the bottom of yesterday's black bar and then moves to the level that I mentioned - if not, just stay awy from the market today. As I said earlier, if after opening, the market moves down in a very fast and steep way and beat the level that I have mentioned, just be careful, it could be a false alarm. Look for a second attempt. You can also look for trendlines such as 3 bottoms, inverted head & shoulder etc..
3) If the markets opens between 3536 to 3560, look for a buy here. If you make profits, let it go!
4) If the market opens between 3410 to 3434, look for a sell here. If you make profits, let it go!
5) If you refer to above, I did not mention the probable level where the buy/sell position should be placed because I beleive, those who have been following my blog, may prabbably have the idea of how to enter the market as well as how to exit the market
Well, that is it. As usual, I may wrong and I have been ............etc etc etc etc... think I know what you expect me to say.
Hav a nais treding dey
9.17 a.m. - Malaysian time
CPO futures ( July contract ) for Monday open at 3525 and closed at 3459. The highest was at 3535 and the lowest was at 3435. The market seemed to have continued its southwards movement. This normally occurs after a certain gap within the chart system have been filled either by black or white bar. In this case, the gap between last Monsy's bar and last Tuesday's bar had been filled by Friday's bar ( The Friday's black bar covered the Monday's and Tuesday's bar ).Since the market did not open within my forecasted level, then I would rather reserve my comments. Anyway there was a clear formation of 3 bottoms between 3.00 p.m. to 3.15 p.m.Those who may had taken a long here might probably have been able to make quite a handsome profits because the market kept going upwards until it reached the highest level of the day before retracing down again.
Today
So, let's proceed to today's market where about. As I could figure out on the current market situation, I would prefer to say that the market, in a very short term, is in the situation of uncertainty. So in brief, this is my forecast for today;
1) If the market opens anywhere within the body of yesterday's black bar and later start to move up beating the level between 3536 to 3545, the market may go up further, at least in the early part of the trading day . The market may end a white bar today. It would be more "effective" if the market open more towrds to the higher part of yesterday's bar - if not , just stay away. Anyway, if after opening, the market moves up steeply and in a very fast way beating the level which I have mentioned earlier, just be extra careful, it could a false alarm. If this happens, look for a second attempt.
2) If the market opens anywhere within the body of yesterday's bar and later starts to move down the level between 3427 to 3436 , it may go down further, at least in the early part of the trading day. Either the market may bounce back or continue its downwards journey is hard to say. Any way, as a day trader, if you can make a small profits, just let it go.Anyway, the best is; if the market opens more towards the bottom of yesterday's black bar and then moves to the level that I mentioned - if not, just stay awy from the market today. As I said earlier, if after opening, the market moves down in a very fast and steep way and beat the level that I have mentioned, just be careful, it could be a false alarm. Look for a second attempt. You can also look for trendlines such as 3 bottoms, inverted head & shoulder etc..
3) If the markets opens between 3536 to 3560, look for a buy here. If you make profits, let it go!
4) If the market opens between 3410 to 3434, look for a sell here. If you make profits, let it go!
5) If you refer to above, I did not mention the probable level where the buy/sell position should be placed because I beleive, those who have been following my blog, may prabbably have the idea of how to enter the market as well as how to exit the market
Well, that is it. As usual, I may wrong and I have been ............etc etc etc etc... think I know what you expect me to say.
Hav a nais treding dey
Sunday, April 20, 2008
Monday's Situation
Sunday - 20 April 2008
1.40 p.m. - Malaysian Time
CPO's futures or Crude Palm Oil's futures contract for July open at 3638 and closed at 3553. The highest was at 3659 and lowest was at 3552. Since I did not make any forecast on yesterday's market, so I do not have much to say regarding the matters.
Monday
The market , in a very short term, is said to be bearish. The gap between last Monday's bar and last Tuesday's bar had been filled by Friday's bar. Normally , it indicates that the market will continue its downwards or could also possibly be lingering indecisively below the said gap's level.
1) If the market opens above 3562 to 3605 and later falls down beating the level 3546 to 3551, it is forecasted that the market will drop further to a certain level and then may rebound back . Here look for 2 bottoms or , better still, 3 bottoms/ inverted head and shoulder plus ( to be extra sure ) a "lighting or first beating" signs before taking any long here.Remember you are doing day trading here, any profits just let it go.
2) If the market opens between 3623 and above, buy after the market drops to about 12 to 20 points from opening. If , after opening, the markets falls steeply and in a very fast manner, just stay away. The best is, let the market goes up a little after opening and later drops substantially to the intended level before any long can be placed. Do not forget your stop loss.
3) If the market opens between the above ( #1 & #2 ), It is your call
That is it . It is just my analysis!!
Happy trading....
1.40 p.m. - Malaysian Time
CPO's futures or Crude Palm Oil's futures contract for July open at 3638 and closed at 3553. The highest was at 3659 and lowest was at 3552. Since I did not make any forecast on yesterday's market, so I do not have much to say regarding the matters.
Monday
The market , in a very short term, is said to be bearish. The gap between last Monday's bar and last Tuesday's bar had been filled by Friday's bar. Normally , it indicates that the market will continue its downwards or could also possibly be lingering indecisively below the said gap's level.
1) If the market opens above 3562 to 3605 and later falls down beating the level 3546 to 3551, it is forecasted that the market will drop further to a certain level and then may rebound back . Here look for 2 bottoms or , better still, 3 bottoms/ inverted head and shoulder plus ( to be extra sure ) a "lighting or first beating" signs before taking any long here.Remember you are doing day trading here, any profits just let it go.
2) If the market opens between 3623 and above, buy after the market drops to about 12 to 20 points from opening. If , after opening, the markets falls steeply and in a very fast manner, just stay away. The best is, let the market goes up a little after opening and later drops substantially to the intended level before any long can be placed. Do not forget your stop loss.
3) If the market opens between the above ( #1 & #2 ), It is your call
That is it . It is just my analysis!!
Happy trading....
Monday, April 14, 2008
Tuesday
Monday - 14 April 2008
10.15 p.m. - Malaysian time
Today the market open at 3453 and closed at 3595. The highest was at 3595 and the lowest was at 3428.
If you look at my forecast ( #1) this morning, I mentioned to put a sell after the market had gone up 12 points after opening. The market did go up 20 points after opening. Those who had put a sell here ( at 3465 - 12 points after opening ) should have made quite a good profits.The market then fell to the level 3428, the lowest of the day. I also mentioned that if the market managed to beat the level 3505 ( see #1 ) and above, the market may go up further and a white bar could be formed today. The market beat the level 3505 and a white bar was formed today. Any way, I did not expect the market to go up that very high. Those who had put a buy position at this level should have made a very very lucrative profits. Even if you decided to exit the market at an early stage could also make some profits. There was no clear pattern of trendlines which could be recognised today, except at 4.30 p.m., as the market kept moving upwards and closed the highest of the day.
Tomorrow
Due to some reasons, I am not able to do any forecasting for this week. I will still be at my computer tomorrow and the days after except that I think I just like to take a break from doing any forecasting on this blog for a while.
Happy trading!!!!!!
10.15 p.m. - Malaysian time
Today the market open at 3453 and closed at 3595. The highest was at 3595 and the lowest was at 3428.
If you look at my forecast ( #1) this morning, I mentioned to put a sell after the market had gone up 12 points after opening. The market did go up 20 points after opening. Those who had put a sell here ( at 3465 - 12 points after opening ) should have made quite a good profits.The market then fell to the level 3428, the lowest of the day. I also mentioned that if the market managed to beat the level 3505 ( see #1 ) and above, the market may go up further and a white bar could be formed today. The market beat the level 3505 and a white bar was formed today. Any way, I did not expect the market to go up that very high. Those who had put a buy position at this level should have made a very very lucrative profits. Even if you decided to exit the market at an early stage could also make some profits. There was no clear pattern of trendlines which could be recognised today, except at 4.30 p.m., as the market kept moving upwards and closed the highest of the day.
Tomorrow
Due to some reasons, I am not able to do any forecasting for this week. I will still be at my computer tomorrow and the days after except that I think I just like to take a break from doing any forecasting on this blog for a while.
Happy trading!!!!!!
Good Morning Monday
14 April 2008
9.15a.m. - Malaysian Time
9.35 a.m. a little bit of updating
Last Friday, the market open at 3480 and closed at 3454. The highest was at 3500 and the lowest was at 3425. It was a black bar and was 1 point lower than the day before. No comment on that.
Today
In a very short term , the market is in the bearish position.As usual, the strategy that I use here depends so much on the opening of the day.
1) If the market opens between the points of 3435 to 3484 and then starts to move upwards , sell after it has reach 12 points from opening .Donot forget to put your stop loss of about 10 to 20 points, should the market goes against you. Be extra careful if the market opens more towards to the high of last Friday's bar because if the market manages to beat the 3505 and above, the market may go further up and a white bar could be formed today. If the market opens more towards the low of last Friday's bar and manages to beat down the level 3420, the market may retraces further down and a black could be formed today. The best is still if the market opens within the middle of last Friday's bar
2) If the market opens above between 3495 to 3505, the market may go up further and a white bar could be the result today. Buy after the market falls to about 12 points from opening. If the market falls a little bit ( not less than 5 points ) and start to move up back and beats the opening of about 3 points, buy here!
3) If the market opens below between the level 3415 to 3425, the market my fall further. Sell after the market rises to the level between 12 to 20 points from the opening.
4) If the market opens above 3506, it is your call - (Probably the market may go up further if it opens between 3507 to 3526)
5) If the market opens below 3425, it is your call. May be you can look for 3 bottoms / head and shoulder after lunch.
6) If you are not entering the market, as suggested above, then look for trendlines which you are familiar with.
In day trading, sometimes you exit from the market as quickly as you enter the market or sometimes you have to a while longer. If you have a lot more money in your pocket, do not simply buy/sell 1 lot, buy more than that. 10, 20 , 30 100 what ever. If make it, you are ...... if not you are ......what ever.....
As usual, it's only my forecast, I may be right and I may be wrong, I have been wrongs for many times, so are my "rights".
If you are not sure , consult who ever you feel like wanting to.
Have a nice trading!
9.15a.m. - Malaysian Time
9.35 a.m. a little bit of updating
Last Friday, the market open at 3480 and closed at 3454. The highest was at 3500 and the lowest was at 3425. It was a black bar and was 1 point lower than the day before. No comment on that.
Today
In a very short term , the market is in the bearish position.As usual, the strategy that I use here depends so much on the opening of the day.
1) If the market opens between the points of 3435 to 3484 and then starts to move upwards , sell after it has reach 12 points from opening .Donot forget to put your stop loss of about 10 to 20 points, should the market goes against you. Be extra careful if the market opens more towards to the high of last Friday's bar because if the market manages to beat the 3505 and above, the market may go further up and a white bar could be formed today. If the market opens more towards the low of last Friday's bar and manages to beat down the level 3420, the market may retraces further down and a black could be formed today. The best is still if the market opens within the middle of last Friday's bar
2) If the market opens above between 3495 to 3505, the market may go up further and a white bar could be the result today. Buy after the market falls to about 12 points from opening. If the market falls a little bit ( not less than 5 points ) and start to move up back and beats the opening of about 3 points, buy here!
3) If the market opens below between the level 3415 to 3425, the market my fall further. Sell after the market rises to the level between 12 to 20 points from the opening.
4) If the market opens above 3506, it is your call - (Probably the market may go up further if it opens between 3507 to 3526)
5) If the market opens below 3425, it is your call. May be you can look for 3 bottoms / head and shoulder after lunch.
6) If you are not entering the market, as suggested above, then look for trendlines which you are familiar with.
In day trading, sometimes you exit from the market as quickly as you enter the market or sometimes you have to a while longer. If you have a lot more money in your pocket, do not simply buy/sell 1 lot, buy more than that. 10, 20 , 30 100 what ever. If make it, you are ...... if not you are ......what ever.....
As usual, it's only my forecast, I may be right and I may be wrong, I have been wrongs for many times, so are my "rights".
If you are not sure , consult who ever you feel like wanting to.
Have a nice trading!
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