Wednesday - 11 June 2008
8.40 a.m. - Malaysian Time
The CPO's contract for August open at 3647 and closed at 3530 yesterday. The highest was at 3679 and the lowest was at 3530.
The market open at 3647, retraced down a bit and immediately moved up in a fast and steep gradient to reach the highest of the day at 3679. As I mentioned in my forecast yesterday, if you see this kind of movement, it is better for you to be careful as this movement could be a false alarm. A position can be taken after a second attempt. In fact a second attempt did occur at about 11.00 a.m. If you refer to my forecast ( #6) yesterday, the market open between the level 3624 to 3648, it would mean "sell after the market has moved up between 9 to 20 points after opening " ( opposite of #4 ). Had this position been taken at this second attempt, you would have made quite a profits even though I did mention to lock up your profits immediately after seeing "some" profits. Alas, had you waited further you would have made a lot more of profits! ( If not sure just lock it up, man ! )
Today
How about today then? Well, I guess, for those of you out there ( if there is any ), who have been following my blog probably may have the idea of how to enter the market.
If not sure contact your broker .......but never your family doctor ....especially if your wife likes to see him on frequent occasion.
Have a nice trading day!
Wednesday, June 11, 2008
Tuesday, June 10, 2008
Tuesday's Direction
Tuesday - 10 June 2008
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
Monday, June 9, 2008
Monday's Forecast
Monday - 9 June 2008
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
Tuesday, May 27, 2008
Tuesday?
Tuesday - 27 May 2008
8.30 a.m. - Malaysian Time
The CPO's August contract for yesterday open at 3671 and closed at 3673. The highest was at 3705 and the lowest was at 3660.
If you look at my forecast yesterday ( see # 4 ), the market open at 3671 and immediately retraced 11 points from opening to the lowest of the day at 3660.A minute later the market moved up beating the opening point and started to move further up to the highest of the day at 3705. According to my forecast, a buy could be placed after the market fell from 7 to 20 points after opening. It seemed that yesterday, it was quite hard to long at the" after 7 to 20 points fall from opening" unless if you managed to que for the intended price. Anyway, had you managed to long at the level , you could have made a very handspme profits ( maximum 35 points ) indeed. The market did go up beating the level 3700 and after touching 3705, the market started to retrace down ( see #4 ). Anyway I was actually hoping that the market would go further up after beating the level 3700.
Today ?
Due to some reasons ( probably some of you may have known that ) , I am not in the position to make any forecasting today. Those who have been following my blog may probably have the idea of how to take position today.
Well, have a nice trading day !!!!!!!!!!!!!!!
8.30 a.m. - Malaysian Time
The CPO's August contract for yesterday open at 3671 and closed at 3673. The highest was at 3705 and the lowest was at 3660.
If you look at my forecast yesterday ( see # 4 ), the market open at 3671 and immediately retraced 11 points from opening to the lowest of the day at 3660.A minute later the market moved up beating the opening point and started to move further up to the highest of the day at 3705. According to my forecast, a buy could be placed after the market fell from 7 to 20 points after opening. It seemed that yesterday, it was quite hard to long at the" after 7 to 20 points fall from opening" unless if you managed to que for the intended price. Anyway, had you managed to long at the level , you could have made a very handspme profits ( maximum 35 points ) indeed. The market did go up beating the level 3700 and after touching 3705, the market started to retrace down ( see #4 ). Anyway I was actually hoping that the market would go further up after beating the level 3700.
Today ?
Due to some reasons ( probably some of you may have known that ) , I am not in the position to make any forecasting today. Those who have been following my blog may probably have the idea of how to take position today.
Well, have a nice trading day !!!!!!!!!!!!!!!
Monday, May 26, 2008
Monday's Mood
Monday - 26 May 2008
9.15 a.m. - Malaysian Time ( market opens at 10.30 a.m. )
The CPO market for August on last Friday open at 3575 and closed at 3654. The highest was at 3658 and the lowest was at 3570. Since there was no forecasting made for last Friday market movement , then there will be no analysis to be made on the matter.
Today
So how about today ? In a very very short term, the market is still bullish;
1) If the market opens between the points 3627 to 3657, buy after the market opens and drops between 7 to 20 points from opening. Don't forget your stop loss.Be careful if the market opens and drops steeply and immediately after opening, it could be a false alarm. Take position only after the second attempt.Also beware if the market beats down the level between 3608 to 3616. If this happens, the market may fall further down ( especially if the market opens more towards the lower part of the suggested level as above ). If you are not sure of entering the market, look for trendlines such 2 or 3 bottoms, inverted head and shoulder etc..
2) If the market opens between the level 3617 to 3627, sell after the market beats down the level between 3608 to 3616.If this occurs, the market may fall further and a black bar may be formed at the end of the day or at least in the early part of the trading ( goes down and later goes up again just enough to make some profits ).
3) If the market opens between the level 3590 to 3617, sell after the market opens and goes up between 7 to 20 points after opening. Be careful if the market opens and moves up in a fast and steep movement, it could be a false attempt. Try on the second attempt. Don't forget your stop loss. If not sure, look for trendlines such as 2 or 3 tops or head and shoulder etc...
4) If the market opens between 3657 to 3684, refer to #1 as above except that if the market moves up and beats the point 3700, the market may go further up or at least, it would go up and fall back, just enough to make some quick profits.
5) If the market opens above 3685, the market may ends a black bar today but if it moves further up and beats the level 3700 , the market may go further up and a white bar may be formed today or the market may fall back, just enough for you to take some qucik profits. It is your call to take position here.
6) If the market opens below 3590 , the market may end a white bar or at least the market would fall and later go up again just enough to make some profits. But if the market moves further down beating the level between 3560 to 3565 ( can sell here ), the market may go further down and a black bar may be formed toaday or at least or may go up agin, just enough for you to make some profits.
7) If you are not sure, you can look for a very clear formation of trendlines before placing your position.
That's about it. I could be right or could be wrong, I have.....blah blah blah balh.... If not sure.......contact anybody you like or not at all.
Have a nice trading day!
9.15 a.m. - Malaysian Time ( market opens at 10.30 a.m. )
The CPO market for August on last Friday open at 3575 and closed at 3654. The highest was at 3658 and the lowest was at 3570. Since there was no forecasting made for last Friday market movement , then there will be no analysis to be made on the matter.
Today
So how about today ? In a very very short term, the market is still bullish;
1) If the market opens between the points 3627 to 3657, buy after the market opens and drops between 7 to 20 points from opening. Don't forget your stop loss.Be careful if the market opens and drops steeply and immediately after opening, it could be a false alarm. Take position only after the second attempt.Also beware if the market beats down the level between 3608 to 3616. If this happens, the market may fall further down ( especially if the market opens more towards the lower part of the suggested level as above ). If you are not sure of entering the market, look for trendlines such 2 or 3 bottoms, inverted head and shoulder etc..
2) If the market opens between the level 3617 to 3627, sell after the market beats down the level between 3608 to 3616.If this occurs, the market may fall further and a black bar may be formed at the end of the day or at least in the early part of the trading ( goes down and later goes up again just enough to make some profits ).
3) If the market opens between the level 3590 to 3617, sell after the market opens and goes up between 7 to 20 points after opening. Be careful if the market opens and moves up in a fast and steep movement, it could be a false attempt. Try on the second attempt. Don't forget your stop loss. If not sure, look for trendlines such as 2 or 3 tops or head and shoulder etc...
4) If the market opens between 3657 to 3684, refer to #1 as above except that if the market moves up and beats the point 3700, the market may go further up or at least, it would go up and fall back, just enough to make some quick profits.
5) If the market opens above 3685, the market may ends a black bar today but if it moves further up and beats the level 3700 , the market may go further up and a white bar may be formed today or the market may fall back, just enough for you to take some qucik profits. It is your call to take position here.
6) If the market opens below 3590 , the market may end a white bar or at least the market would fall and later go up again just enough to make some profits. But if the market moves further down beating the level between 3560 to 3565 ( can sell here ), the market may go further down and a black bar may be formed toaday or at least or may go up agin, just enough for you to make some profits.
7) If you are not sure, you can look for a very clear formation of trendlines before placing your position.
That's about it. I could be right or could be wrong, I have.....blah blah blah balh.... If not sure.......contact anybody you like or not at all.
Have a nice trading day!
Thursday, May 22, 2008
Thursday's Heading
Thursday - 22 May 2008
8.45 a.m. - Malaysian Time
The CPO's contract for August open at 3548 and closed at 3557 yesterday.The highest was at 3580 and the lowest was at 3525.
If you look at my forecast yesterday ( #1), the market open at 10.30 and immediately , by 10.31 a.m., the market fell beating the level 3528 to 3536. After reaching 3525 , the market rebounce to 3555. It was a false alarm.Had the market , on the second attempt, beat down the level 3525, the market would have gone down further.
As I mentioned earlier , if a buy position had been able to be placed " a little bit" after opening i.e. after the false alarm, a handsome profits could have been made.The market later also shot up to the highest at 3580 and before retracing down ( see also # 3 ).
There was also a clear formation of 2 tops after 4.30 p.m. ( you must be able to distinguish between the 2 tops and 3 tops because it can be quite confusing ). Well , you could have made, at least, 2 entries yesterday.
Today
In a very short term, the market is said to be bullish.
Due to some reasons, I am not able to do any forecasting today. Those who have been following my blog probably may have the idea of entering and exiting the market.
As usual, if you are not sure.....please, never to contact any politician.
Hav a nice trading
8.45 a.m. - Malaysian Time
The CPO's contract for August open at 3548 and closed at 3557 yesterday.The highest was at 3580 and the lowest was at 3525.
If you look at my forecast yesterday ( #1), the market open at 10.30 and immediately , by 10.31 a.m., the market fell beating the level 3528 to 3536. After reaching 3525 , the market rebounce to 3555. It was a false alarm.Had the market , on the second attempt, beat down the level 3525, the market would have gone down further.
As I mentioned earlier , if a buy position had been able to be placed " a little bit" after opening i.e. after the false alarm, a handsome profits could have been made.The market later also shot up to the highest at 3580 and before retracing down ( see also # 3 ).
There was also a clear formation of 2 tops after 4.30 p.m. ( you must be able to distinguish between the 2 tops and 3 tops because it can be quite confusing ). Well , you could have made, at least, 2 entries yesterday.
Today
In a very short term, the market is said to be bullish.
Due to some reasons, I am not able to do any forecasting today. Those who have been following my blog probably may have the idea of entering and exiting the market.
As usual, if you are not sure.....please, never to contact any politician.
Hav a nice trading
Wednesday, May 21, 2008
Wednesday's Direction
Wednesday - 21 May 2008
9.20 a.m. - Malaysian Time
The CPO for August's contract for yesterday open at 3513 and closed at 3554. The highest was at 3559 and the lowest was at 3513.
For your information, there was a mistake written in my forecast for yesterday's market ( see #3), it should be " buy after the market has moved down 10 to 17 points from the opening point." Anyway the damage has already been done.
If you look at my forecast yesterday, the market open within the level at # 3 except that the market did not retrace after opening , in fact the market kept going up and closed to almost the highest of the day.There was also no clear formation of trendlines such as 3 tops or head and shoulder except after 5.30 p.m. As I have mentioned earlier, as a day trader , the latest to enter the market would be around between 4.30 to 5.00 p.m. ( again it depends on situation such as volatility, volume etc.) In normal circumtances, a day trader seldom buys or sells and later bring forward the trading to the next day. So, theoritically, no money again yesterday!!!!
Today
So how's the market for today? The way I look at it, in a very short term, the market is still in bullish situation;
1) If the market opens between the level 3536 to 3559 - Buy after the market has retraced down " a little bit " after opening. Be careful if the market moves down in a very fast and steep way after opening, it could be a false alarm.If the market manages to beat down the level between 3528 to 3536 ( make sure you buy but not beating this level ) , the market may fall further down ( can short here ).If the fall keeps going down and beats the level between 3504 to 3513, the market may fall further and a black bar may be formed today.
2) If the market opens between the level 3511 to 3535 - Sell after the market moves up a "little bit". If the market manages to beat down the level 3504 to 3513 , see as above.
3) If the market opens between 3560 to 3583. Buy after the market has retraced down " a little bit " from opening. Careful if market falls steeply after opening. If you make " enough profits" lock up for profits immediately, the market may fall back. If not sure , do not enter the market if it opens at this level.
4) If the market opens below 3511 , it is your call.
5) If the market opens above 3583, it is your call .( Chances? It could be a black bar today )
Well, that 's about it. If you are not sure, contact your ..........girl/boy friend.....
Has a nais treding
9.20 a.m. - Malaysian Time
The CPO for August's contract for yesterday open at 3513 and closed at 3554. The highest was at 3559 and the lowest was at 3513.
For your information, there was a mistake written in my forecast for yesterday's market ( see #3), it should be " buy after the market has moved down 10 to 17 points from the opening point." Anyway the damage has already been done.
If you look at my forecast yesterday, the market open within the level at # 3 except that the market did not retrace after opening , in fact the market kept going up and closed to almost the highest of the day.There was also no clear formation of trendlines such as 3 tops or head and shoulder except after 5.30 p.m. As I have mentioned earlier, as a day trader , the latest to enter the market would be around between 4.30 to 5.00 p.m. ( again it depends on situation such as volatility, volume etc.) In normal circumtances, a day trader seldom buys or sells and later bring forward the trading to the next day. So, theoritically, no money again yesterday!!!!
Today
So how's the market for today? The way I look at it, in a very short term, the market is still in bullish situation;
1) If the market opens between the level 3536 to 3559 - Buy after the market has retraced down " a little bit " after opening. Be careful if the market moves down in a very fast and steep way after opening, it could be a false alarm.If the market manages to beat down the level between 3528 to 3536 ( make sure you buy but not beating this level ) , the market may fall further down ( can short here ).If the fall keeps going down and beats the level between 3504 to 3513, the market may fall further and a black bar may be formed today.
2) If the market opens between the level 3511 to 3535 - Sell after the market moves up a "little bit". If the market manages to beat down the level 3504 to 3513 , see as above.
3) If the market opens between 3560 to 3583. Buy after the market has retraced down " a little bit " from opening. Careful if market falls steeply after opening. If you make " enough profits" lock up for profits immediately, the market may fall back. If not sure , do not enter the market if it opens at this level.
4) If the market opens below 3511 , it is your call.
5) If the market opens above 3583, it is your call .( Chances? It could be a black bar today )
Well, that 's about it. If you are not sure, contact your ..........girl/boy friend.....
Has a nais treding
Subscribe to:
Posts (Atom)
