Wednesday's Performance

Wednesday - 3rd September 2008
9.05 a.m. - Malaysian Time
9.20 a.m. - a little bit of up dating
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The CPO ( crude palm oil ) for September's contract open at 2500 and closed at 2484 yesterday. The highest was at 2536 and the lowest was at 2434 with a total of 102 points traded.

The performance of the CPO was greatly influenced, lately, by the performance of world's crude oil. Yesterday, the crude oil was traded the lowest since August this year.Will the CPO futures follow suit to this phenomena? Yesterday also saw the performance of the soya bean oil was traded lower. How about today ? As the strategy used in this blog is based on the opening of the market, let's look at the forecast for today's market performance.

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Today

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In the long term, the market is still bearish, so is the very very short term.

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1) If the market opens between 2445 to 2490. Sell after the market has moved up 11 to 21 points after opening or if the upwards movement is less than 10 points, sell after the market has passed 6 points below the opening level - just be extra careful, it may be a false alarm ( by the time you sell at this point, the market starts to move up ) which happens quite prequently. As usual, be careful of the false alarm and also your stop loss. If the market manages to beat up the level between 2500 to 2507, the market may move up further especially if the market opens more towards the upper side of the 2445-to-2490 levels. If you see any profits, just lock them up immediately, the market may retreat back. But if the market manages to beat up the level between 2536 to 2543, the market may move further up and a white bar may be formed at the end of the day. If the market manages to beat down the level between 2426 to 2434, the market may fall further especially if the market opens more towards the lower side of the 2445-to-2490 levels and if the market, again, beats down the level between 2399 to 2406, the market may fall further and a black bar may be formed today.

2) If the market opens between 2490 to 2500. Buy after the market has moved passing up the level between 2500 to 2507. See also the bold letters as at #1 above.

3) If the market opens between 2434 to 2445. Sell after the market has moved down passing the level between 2426 to 2434. If, again, the market manages to beat down the level between 2399 to 2406, the market may fall further and a black bar may be formed today.

4) If the market opens between 2500 to 2526. Buy after the market has drop a bit after opening, and moves up 6 points above the opening level.Be careful of the false alarm etc....

5) If the market opens between 2410 to 2434. Sell after the market has moved up a bit and retraced passing 6 points below the opening level. Be careful of the false alarm etc....

6) If the market opens above 2526 It is your call but I think the market may fall after a short while and a black bar would be formed at the end of the day

7) If the market opens below 2410. It is your call but I think the market would fall (or see also bold letters as at # 5 as above if the market opens "not that far "below the level 2410 ) further especially if the market manages to beat down the level between 2399 to 2406. If the market opens at 2400, the market may fall further at least in the early part of the trading day.

8) Also look for trendlines such as 3 tops/bottoms etc... ( if you are not familiar, better stay away from the market )

9) Please refer to # 9 ( Thursday's Tips dated 26th June )

10) Also refer to # 9 and #10 ( Tuesday's Tips dated 1st July )

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If you are not sure, just refer back to your broker.......off course not your house broker.

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Have a nice trading day!!!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Monday ????

Monday - 25th August 2008
9.15 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2725 and closed at 2715 last Friday. The highest was at 2753 and the lowest was at 2688.The market , in fact, open far too high than the Friday's forcasted levels so, no comment. As for trendlines, there was no clear pattern of what so ever.

Sometimes , one may feel frustrated after seeing the market moved in such a way that one may think " Oh! I should have placed a buy here or I should have placed a sell there.What a wasted day ". Or one may also think " Now the market is coming down, why don't I simply just sell!". But be extra careful because if you follow your this-kind of instinct, you may be right if the market keep retracing down but if the market starts to rebound or in sidelines, in long run you may end up a 'little' poorer. So the best thing to do is to follow whatever strategy that you have because you will never know where the market is heading for tomorrow. If you see a signal to sell , just sell and vise versa. If no signal, just stay away even though the market is so favourable for you to do something that is not within your strategy.

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Today

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In long term, the market is still bearish and so is in the very very short term. My forecast;

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1) If the market opens between 2700 to 2740. Sell after the market has moved up between 10 to 21 points after opening time. As usual, be careful of the false alarm and the stop loss.If , after opening, the market falls to about 26 points, the market may fall further, you can place a sell here but your stop loss should be around 15 to 25 points.If the market manages to beat down the level between 2682 to 2688, the market may fall further and a black bar may be formed today or at least in the early part of the trading especially if the market opens more towards the lower part of the 2700 to 2740's level. If the market moves up and beat the level between 2753 to 2760, the market may go further up especially if it opens more towards the upper end of the 2700 to 2740's level.Probably the market fall back in a very short time.

2) If the market opens between 2740 to 2783. Buy after the market has passed up the level between 2753 to 2760.

3) If the market opens between 2688 to 2700. Sell after the market has passedown the level between 2682 to 2688.

4) If the market opens between 2753 to 2780. Buy only after the market retrace a bit and beat 5 points above the opening level.

5) If the market opens between 2665 to 2688. Sell after the market has moved up between 10 to 21 points above the opening level or if the market moves up less than 10 points and start to retrace back, sell after the market has passed down 5 points below the opening level.

6) If the market opens between below 2688. It is your call but I think look more to selling than buying, also refer to # 5 as the above.

7) If the market opens above 2780. It is your call but I think the market may fall after opening.

8) Also look for clear pattern of trendlines .......if not familiar, just ignore it.

9) Please refer to # 9 ( Thursday's Tips dated 26th June)

10) Also refer to # 9 and # 10 ( Tuesday's Tips 1st July)

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That's about it, man. As usual, if not sure just contact your broker , he/she can give you a better advise but never contact your car mechanic, he may talk more about wheel alignment than anything else but don't be surprised he may be better than you when it comes CPO futures.......

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Have a nice trading day.

.P/S This blog only potrays the above strategy ( Opening Strategy ) . There are many other strategies that are being used besides than the above.

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Friday - 22/8/2008

Friday - 22nd August 2008
9.30 a.m. Malaysian Time

The CPO ( crude palm oil ) for November's contract ( the forecast for 19th August ) - Due to some reasons, I was not able to make any comments on the performance of that particular day. Anyway, the market on that day open not within my forecasted level of openings, so theoretically , there was no loss experienced except that sometimes you may feel wondered how on earth that you did not make any money when the market was so perfect to make some easy money.

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Today

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Let's be brief this time - in long term, the market is still in bearish situation but the very very short term, the market is bullish. So here is my forecast for today ;

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1) If the market opens between 2625 to 2662. Buy after the market has fallen between 9 to 20 points after opening. As usual be careful if the market moves down in a very fast and in a very steep manner, it could be a false alarm but if the market falls more than 23 points, the market may go further down. If the market manages to pass down the level between 2608 to 2615, the market may fall further and if , again, the level between 2598 to 2606 are broken, the market may drift further down and a black bar may be formed today or at least in the early part of the trading day especially if the market opens more towards the lower part of the 2625 to 2662 levels. If the market manages to beat up the level between 2672 to 2679, the market go up further especially if the market opens more towards the upper part of the 2625 to 2662 levels.

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2) If the market opens between 2662 to 2772. Buy after the market has passed up the level between 2672 to 2679 ( also refer to #1 as above)

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3) If the market opens between 2615 to 2625. Sell after the market has passed down the level 2608 to 2615 ( also refer to #1 as above )

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4) If the market opens between 2590 to 2615. Sell after the market has moved up between 9 to 20 points after opening. Be careful of the false alarm. If the market moves up less than 10 points and later starts to retrace passing down 4 points from the opening level, sell here.

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5) If the market opens other than the above, it is your call, I am speechless!!

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6) Also look for trendlines....if you are not familiar, just stay away.

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7) Please refer to # 9 ( see Thursday's Tips dated 26th June )

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8) Also refer to # 9 and # 10 ( see Tuesday's Tips dated 1sy July )

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Have a nice trading day!!!!!!

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Tuesday

Tuesday - 19th August 2008
9.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for November contract, recently, have been experiencing a period of bearishness since the past few weeks. If you are to look for the lowest possible level to long, I would say, you may be making a lot of losses before you could really achieve the lowest possible level. If you are then able to make profits, your profits may not be enough to cover your losses. So the best thing to do is to follow strictly your what ever charts or indicators that you have in order to minimise your losses, if any.

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If you look carefully at the CPO futures' performance, the market has been influenced greatly by the movement of the crude oil at either the CBOT or TOCOM.

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Today

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In the long term , the matket is still in the bearish situation but in the very very short term, I would say the market is bullish. So my forecast for today is as follows ;

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1) If the market opens between 2450 to 2475. Buy after the market has fallen 8 to 18 points from the opening level.Be careful if the market opens and falls in a very fast and steep gradient, it could be a false alarm.Don't forget your stop loss of between 10 to 15 points. If the market beats down the level between 2433 to 2440, the market may fall further especially if the market opens more towards the lower part of the 2450 to 2475 levels. If the market, then, manages to beat down the level between 2402 to 2408, the market may fall further down.If the market opens and moves up passing the level 2484 to 2490, the market may go further up especially if the market opens more towards the upper level of the 2450 to 2475.

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2) If the market opens between 2440 to 2450. Sell if the market manages to beat down the level between 2433 to 2440.

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3) If the market opens between 2475 to 2484. Buy after the market has passed the level between 2484 to 2490.

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4) If the market opens between 2484 to 2510. Buy after the market has fallen less than 8 points and moves up beating 5 points above the opening level.

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5) If the market opens between 2415 to 2440. Sell after the market has moved up 8 to 18 points from the opening ( careful if the movement is fast and in steep gradient ) or do as above but in the opposite way ( see # 4 the bold letters). If the market manages to beat down the level between 2402 to 2408, the market may fall further down.

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6) If the market opens other than the above, it is your call. I am not sure guys.

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7) Also look for a clear pattern of trendlines such as 3 tops/bottoms, head and sholuder etc....If you are not familiar with these trendlines.... just stay away and use other methods which are convinent to you.

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8) Please refer to # 9 ( Thursday's Tip dated 26th June )

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9) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July)

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If you are not sure, contact your broker. Never to contact your plumber. He may say CPO is just like water in the pipe. If you open the pipe longer, the water will be more ?????

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Have a nice trading day and keep smiling even if you loss your money......#@$%^&*!

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