Tuesday - 18 March 2008
9.15 a.m. - Malaysia time zone
Yesterday the market open at 3580 ( June's contract) and closed at 3600. The highest was at 3604 and the lowest was at 3515. In actuality, the market closed lower but it was a white bar.
Yesterday, there were 2 clear patterns of inverted head and shoulder (or 3 bottoms) which formed at 11.30a.m. to 12.00 p.m.Another pattern was the 3 tops which formed at 3.30 p.m. Those who had taken the short position would have been making quite a profits then.
Today
I would still say, in mid term, the market is in the bearish situation, but a very short term would suggest that the market is in bullish sentiment now. If the market manages to break the level between 3531 to 3510 and below or open below 3532 the market would retrace further down. So my forecast are as follows ;
1) If the market opens between 3548 to 3607, put a buy after the market falls to the level of between 11 to 25 points after opening. Donot forget to put a stop loss of about 15 to 20 points. The best is, after opening, the market goes up a little bit and then starts to retrace down to the suggested level.If , after opening, the level of retracement ( between 11 to 25 points ) breaks the level 3532, just be careful, the market may retrace further down.If this happens, just stay away from the market a little a while or you can decide to sell if you like.There is a strategy to sell here because the risk is considered quite high here ( if not sure , just ignore for a moment )
2)If the market opens between 3608 to 3630, let the market falls a little bit and later if it goes up 3 to 5 points after the opening, put a buy here. Put a stop loss here. If you make a small profits, just sell!
3) If the market opens above 3633, the market may ends in a black bar today or at least the market may retrace down in the early part of the trading.
4) If the market opens between 3510 to 3531, let the market goes up to the level of between 12 to 20 points (after opening off course,) and then place a short here. Don't forget stop loss. If the market beats down the level 3510 the market may retrace down further down.
5) If the market opens below 3510 , it may retrace further down but it could be a white bar at the end of the day
6) As usual , if you do not make any entry after opening, you can look for a clear pattern of trendlines to enter the market or look for a "calm" situation normally around 11.30 a.m. or 3.30 p.m. ( There is another strategy to be used here )
Well, this is my speculation of the day, I may be right and I may be wrong. If you are not sure, contact your librarian...oops...your broker.
Hav a nais treding!
Tuesday, March 18, 2008
Monday, March 17, 2008
Monday's Direction
Monday - 17 Mac 2008
9.20 a.m. - Malaysia time zone
The market on Friday open at 3798 and closed at 3686. The highest of the day was at 3837 and the lowest was at 3670.
The market open not within the range which I have mentioned earlier on ( between 3807 to 3900 ) but open under the level of 3805 which , on later part, retraced further down after beating the level 3788 just like what I have mentioned last Friday.
The market open at 3798 and then started to retrace down to 24 points and then moved up to the highest of the day at 3837 and then moved down and closed almost to the lowest of the day.The movement of the market, in the early part of the trading day, was tally to my prediction except that the opening was not within the range of my speculation.There was also a clear formation of 3 tops, the 3rd top was between 11.00 a.m. to 11.30 a.m. This formation also looked like the formation of head and shoulder except the second shoulder was not that prominent. Those who had taken a short at this 3rd top might have made quite a handsome profits.There was also a "calm" period from 4.00 p.m. to 4.30 p.m. which looked like the market was about to go up. At this point, if a buy position were to be placed , a loss could have occured. On the whole the market was volatile and the spread between buy and sell was quite high between 3 to 10 points.
Today.
Earlier on , I said the market was in a consolidation or sidelines phase unless if the level 3680 was broken. In fact this level was broken at the end of the trading on last Friday. So I would say the market now is in bearish situation and the sidelines phase could be over. So today I expect the market would retrace further down, at least in the early part of the day ,and could end up a black bar. Anyway,If the market today ends a white bar and closes above 3700, the sidelines may still be around. As for today, those who have been following my blog would probably have the idea of how to enter the market. So good luck!
P/s. I received an e-mail asking me about the fisrt beating and lightning strategies.
Since this blog is limited in its capacity where the need to draw charts is not possible, I think I am not able to explain , at
least, for the time being.
9.20 a.m. - Malaysia time zone
The market on Friday open at 3798 and closed at 3686. The highest of the day was at 3837 and the lowest was at 3670.
The market open not within the range which I have mentioned earlier on ( between 3807 to 3900 ) but open under the level of 3805 which , on later part, retraced further down after beating the level 3788 just like what I have mentioned last Friday.
The market open at 3798 and then started to retrace down to 24 points and then moved up to the highest of the day at 3837 and then moved down and closed almost to the lowest of the day.The movement of the market, in the early part of the trading day, was tally to my prediction except that the opening was not within the range of my speculation.There was also a clear formation of 3 tops, the 3rd top was between 11.00 a.m. to 11.30 a.m. This formation also looked like the formation of head and shoulder except the second shoulder was not that prominent. Those who had taken a short at this 3rd top might have made quite a handsome profits.There was also a "calm" period from 4.00 p.m. to 4.30 p.m. which looked like the market was about to go up. At this point, if a buy position were to be placed , a loss could have occured. On the whole the market was volatile and the spread between buy and sell was quite high between 3 to 10 points.
Today.
Earlier on , I said the market was in a consolidation or sidelines phase unless if the level 3680 was broken. In fact this level was broken at the end of the trading on last Friday. So I would say the market now is in bearish situation and the sidelines phase could be over. So today I expect the market would retrace further down, at least in the early part of the day ,and could end up a black bar. Anyway,If the market today ends a white bar and closes above 3700, the sidelines may still be around. As for today, those who have been following my blog would probably have the idea of how to enter the market. So good luck!
P/s. I received an e-mail asking me about the fisrt beating and lightning strategies.
Since this blog is limited in its capacity where the need to draw charts is not possible, I think I am not able to explain , at
least, for the time being.
Friday, March 14, 2008
Friday's Market Movement
Friday 14 Mac 2008
9.45 a.m. - Malaysia time zone
The market yesterday open at 3764 and closed at 3798. The highest was at 3875 and the lowest was at 3723.
The market open within the range which I have forecasted but ,after opening, the market went up not to the expected level. The market went up only for 7 points ( not 14 points to 30 points ). It later went down in a fast rate breaking the points which I have "suggested" at 3734 ( actually 3723 ) but did not break the level 3679. Had this level been able to be broken, the market would have gone down further. In the early part of the morning , the market was in bearish situation but after touching 3723, the market started to move further up to the highest of the day at the level of 3875. There was also not a clear pattern of any trendlines that could be recognised except at 4.00 p.m. to 5.00 where there was a blur formation of head and shoulder.Those who have taken a position to sell here might have made some good profits as the market started to retrace to lowest of the day.
Today
From the movement of the market , currently, I believe the market now could possiblily be in the consolidation or sidelines manner. Unless if the market manage to break the level 3890 and above or 3680 and below then the market would be in the clear direction. Any way, I would say the market is still in the bullish sentiment, at least in the early part of trading today ( If the market opens within the range that I would be suggesting);
1) Take position if the market open within the range of 3807 to 3900. If the market open within this range, buy after the market falls 15 points to 31 points.Do not forget to put your stop loss between 15 to 20 points after your buy position.The best is to use lightning or first beating strategy to ensure to get the best possible position.
2) If the market opens below 3805 and below and later passes down the level 3792 to 3788, the market may retrace further.
3) If the market opens 3770 to to 3790, sell after the market moves up between 15 to 27 points ( after opening , off course ). Put a stop loss here.
4) If market opens below 3770, the market may ends up a white bar today.Well, you can choose to buy here if you want to but I think the risk is quite high.
That's my speculation. Not sure? Consult your doctor, er... I mean your broker. Have a nice trading
9.45 a.m. - Malaysia time zone
The market yesterday open at 3764 and closed at 3798. The highest was at 3875 and the lowest was at 3723.
The market open within the range which I have forecasted but ,after opening, the market went up not to the expected level. The market went up only for 7 points ( not 14 points to 30 points ). It later went down in a fast rate breaking the points which I have "suggested" at 3734 ( actually 3723 ) but did not break the level 3679. Had this level been able to be broken, the market would have gone down further. In the early part of the morning , the market was in bearish situation but after touching 3723, the market started to move further up to the highest of the day at the level of 3875. There was also not a clear pattern of any trendlines that could be recognised except at 4.00 p.m. to 5.00 where there was a blur formation of head and shoulder.Those who have taken a position to sell here might have made some good profits as the market started to retrace to lowest of the day.
Today
From the movement of the market , currently, I believe the market now could possiblily be in the consolidation or sidelines manner. Unless if the market manage to break the level 3890 and above or 3680 and below then the market would be in the clear direction. Any way, I would say the market is still in the bullish sentiment, at least in the early part of trading today ( If the market opens within the range that I would be suggesting);
1) Take position if the market open within the range of 3807 to 3900. If the market open within this range, buy after the market falls 15 points to 31 points.Do not forget to put your stop loss between 15 to 20 points after your buy position.The best is to use lightning or first beating strategy to ensure to get the best possible position.
2) If the market opens below 3805 and below and later passes down the level 3792 to 3788, the market may retrace further.
3) If the market opens 3770 to to 3790, sell after the market moves up between 15 to 27 points ( after opening , off course ). Put a stop loss here.
4) If market opens below 3770, the market may ends up a white bar today.Well, you can choose to buy here if you want to but I think the risk is quite high.
5) If no position taken after opening, look for "clear " formation of trendlines, if the pattern is not clear , just ignore them
That's my speculation. Not sure? Consult your doctor, er... I mean your broker. Have a nice trading
Wednesday, March 12, 2008
National Election and the Market
Wednesday - 12 Mac 2008
11.55 p.m. - Malaysia time zone
Due to the cpo's market scenario and also to the national election held in Malaysia a few days back, which ended in a surprise result, prompted me not be able to make any speculation on the CPO's market.The price fluctuation have been very very volatile and most of the days, the range is above 100 points per day and the movement per tick is between 5 to 10 points. In some cases it shot up to even 15 to 20 points. An everage or small investor like myself may not be in the position to enter the market because of its high risks. In some event, even if you put a stop loss of 15 to 20 points it may not end up to what you may have expected especially to what had happened on 10 th of Mac 2008. The market went up to 4000 points within a few seconds. If you had a position contarary to the movemet of the market , you could have ended up poorer by a few thousands ( only by 1 lot ). So should you wait for the market to stable first or to enter as it is the time to make very big money while the market is still "active". As for me, I still like the market except that I would look for a quiter period where the movement per tick is normal.
Anyway, this is my forecast of the market for tomorrow ;
Tomorrow
I still like to say the market is still in a bearish situation;
1) Take position if the market open between the range of 3760 to 3800. Recently the market seemed to open far higher or far lower from the previous day bar. After opening and the market goes up to between 14 to 30 points, then place a sell here. Put a stop loss of between 10 to 20 points. If the movement of the market is very fast and per tick is high, just be careful. To be safe after reaching the targetted level, you can use lightning or first beating strategies.If this pattern exists then only you take the position to sell.
2) If after opening , between this range, the market moves up and beat 3821 to 3825 and above, the market may move further up especially if the level of 3880 is broken.If the market opens between the range and starts to move passing down 3234 to 3239 and below , a further downwards movement may be expected especially if the level 3697 is broken.
3) If the market opens between 3821 to 3845, the market may go up further especially if the level of 3880 is broken and a white bar can be expected tomorrow
4) If the market opens 3715 and below , the market may ends in a white bar
5) Besides the above, if no position is taken after opening, you could probably look for a clear pattern of trendlines especially "after" afternoon.
If after opening , the market is volatile and per tick movement is high, just stay away from the market.
11.55 p.m. - Malaysia time zone
Due to the cpo's market scenario and also to the national election held in Malaysia a few days back, which ended in a surprise result, prompted me not be able to make any speculation on the CPO's market.The price fluctuation have been very very volatile and most of the days, the range is above 100 points per day and the movement per tick is between 5 to 10 points. In some cases it shot up to even 15 to 20 points. An everage or small investor like myself may not be in the position to enter the market because of its high risks. In some event, even if you put a stop loss of 15 to 20 points it may not end up to what you may have expected especially to what had happened on 10 th of Mac 2008. The market went up to 4000 points within a few seconds. If you had a position contarary to the movemet of the market , you could have ended up poorer by a few thousands ( only by 1 lot ). So should you wait for the market to stable first or to enter as it is the time to make very big money while the market is still "active". As for me, I still like the market except that I would look for a quiter period where the movement per tick is normal.
Anyway, this is my forecast of the market for tomorrow ;
Tomorrow
I still like to say the market is still in a bearish situation;
1) Take position if the market open between the range of 3760 to 3800. Recently the market seemed to open far higher or far lower from the previous day bar. After opening and the market goes up to between 14 to 30 points, then place a sell here. Put a stop loss of between 10 to 20 points. If the movement of the market is very fast and per tick is high, just be careful. To be safe after reaching the targetted level, you can use lightning or first beating strategies.If this pattern exists then only you take the position to sell.
2) If after opening , between this range, the market moves up and beat 3821 to 3825 and above, the market may move further up especially if the level of 3880 is broken.If the market opens between the range and starts to move passing down 3234 to 3239 and below , a further downwards movement may be expected especially if the level 3697 is broken.
3) If the market opens between 3821 to 3845, the market may go up further especially if the level of 3880 is broken and a white bar can be expected tomorrow
4) If the market opens 3715 and below , the market may ends in a white bar
5) Besides the above, if no position is taken after opening, you could probably look for a clear pattern of trendlines especially "after" afternoon.
If after opening , the market is volatile and per tick movement is high, just stay away from the market.
Wednesday, March 5, 2008
Today's Situation
Wednesday - 5 Mac 2008
8.45 a.m. - Malaysia time zone
Yesterday was the day, I believe, most speculators have been waiting for ! Everything that goes up must come down, except, off course , your age. I did say that the market would be a black bar if it open above 4355 but I did not expect the market to fall "engulfinging" the last white bar.Well, sometimes , it happens when you least expect it.
The market open at 4445 and closed at 4099. The highest was at 4486 and the lowest was at 4071. The longest fall ever seen.
Those who have not entered the market after opening of the market might probably have entered by looking at the formation of the trendlines especially focusing more on selling rather than buying.. Even so , due to the spread per tick was so high, some might have decided not to enter at all. And I believe those who had not entered the market might have regretted deeply.
Today's speculation
In normal circumtances , after a big fall, the market on the next day would be a white bar ( It depends on the opening, off course ). Even so, I would prefer to say that the market, in very short term, is in a bearish position at least in the early part of the trading day.
But due to some reasons, including I have to attend to a consultation appoinment, I am not able to make any speculation for today.
8.45 a.m. - Malaysia time zone
Yesterday was the day, I believe, most speculators have been waiting for ! Everything that goes up must come down, except, off course , your age. I did say that the market would be a black bar if it open above 4355 but I did not expect the market to fall "engulfinging" the last white bar.Well, sometimes , it happens when you least expect it.
The market open at 4445 and closed at 4099. The highest was at 4486 and the lowest was at 4071. The longest fall ever seen.
Those who have not entered the market after opening of the market might probably have entered by looking at the formation of the trendlines especially focusing more on selling rather than buying.. Even so , due to the spread per tick was so high, some might have decided not to enter at all. And I believe those who had not entered the market might have regretted deeply.
Today's speculation
In normal circumtances , after a big fall, the market on the next day would be a white bar ( It depends on the opening, off course ). Even so, I would prefer to say that the market, in very short term, is in a bearish position at least in the early part of the trading day.
But due to some reasons, including I have to attend to a consultation appoinment, I am not able to make any speculation for today.
Tuesday, March 4, 2008
Tuesday's Forecast
Tuesday - 4 Mac 2008
9.15 a.m. - Malaysia time zone
Last Thursday, I mentioned that the market would be in sidelines phase unless the market managed to break up above 3920 or break down the level 3750. In fact on Friday , the market open above 3920 i.e. 3960. So I could foresee that the market is still in the bullish sentiment. Anyway care must be taken into account as the market is said to be in the overbought position.
Yesterday the market open at 4154 and closed at 4330. The highest was at 4332 ( the highest so far ) and the lowest was at 4231.Since I did not make any speculation on yesterday's market, so I reserve my comment.
Today
As I said just now, the market is still in bullish sentiment though I think it is a little bit overbought. Some say the market went up high due to stop losses which have been placed earlier by those who have put a sell position.Further more, the market's per tick also showed quite a high spread of between 3 to 5 points, at times 10 points. This indicates that the votality is quite high and if any position is to take place, the stop loss should be between 15 to 35 points.This is a situation which gives, especially small investors like me, a very high risk unless if they are willing to take a higer risk than usual. Frankly speaking, I would rather prefer not to enter the market, just wait and see for the time being. If you still feel like wanting to enter the market, then probably you can use a strategy where you look for the movement of the market which is a little bit slow and the spread per tick is normal ( 1 point per tick ).
Any way , my forecast for today is as follows;
1) If the market opens between 4177 to 4340. After opening, if the market falls to about 30 to 40 points then a buy position can be placed here. Do not forget to put a stop loss between 15 to 35 points. The best is, let the market goes up a little bit and later falls slowly and steadily to the intended level. If you are not sure, you can use a "lightning" or "first beating"strategy to look for the best position to buy.
2) If the market opens above 4355 the market may ends up a black bar today.
3) If the market opens below 4177 and later passes down the level 4150, the market may fall further down
4) If the market opens anywhere, especially near the 4177 level and later passes the level 4150, a further drift may happen.
5) Look for a clear formation of Head and shoulder, 2 or 3 tops, etc. Here focus more on selling rather than buying.
If you are not sure today, just stay away from the market.
9.15 a.m. - Malaysia time zone
Last Thursday, I mentioned that the market would be in sidelines phase unless the market managed to break up above 3920 or break down the level 3750. In fact on Friday , the market open above 3920 i.e. 3960. So I could foresee that the market is still in the bullish sentiment. Anyway care must be taken into account as the market is said to be in the overbought position.
Yesterday the market open at 4154 and closed at 4330. The highest was at 4332 ( the highest so far ) and the lowest was at 4231.Since I did not make any speculation on yesterday's market, so I reserve my comment.
Today
As I said just now, the market is still in bullish sentiment though I think it is a little bit overbought. Some say the market went up high due to stop losses which have been placed earlier by those who have put a sell position.Further more, the market's per tick also showed quite a high spread of between 3 to 5 points, at times 10 points. This indicates that the votality is quite high and if any position is to take place, the stop loss should be between 15 to 35 points.This is a situation which gives, especially small investors like me, a very high risk unless if they are willing to take a higer risk than usual. Frankly speaking, I would rather prefer not to enter the market, just wait and see for the time being. If you still feel like wanting to enter the market, then probably you can use a strategy where you look for the movement of the market which is a little bit slow and the spread per tick is normal ( 1 point per tick ).
Any way , my forecast for today is as follows;
1) If the market opens between 4177 to 4340. After opening, if the market falls to about 30 to 40 points then a buy position can be placed here. Do not forget to put a stop loss between 15 to 35 points. The best is, let the market goes up a little bit and later falls slowly and steadily to the intended level. If you are not sure, you can use a "lightning" or "first beating"strategy to look for the best position to buy.
2) If the market opens above 4355 the market may ends up a black bar today.
3) If the market opens below 4177 and later passes down the level 4150, the market may fall further down
4) If the market opens anywhere, especially near the 4177 level and later passes the level 4150, a further drift may happen.
5) Look for a clear formation of Head and shoulder, 2 or 3 tops, etc. Here focus more on selling rather than buying.
If you are not sure today, just stay away from the market.
This is my speculation on today's market, I may be wrong, I have been wrong for so many times. Anyway, better consult your broker .
Happy trading !
Thursday, February 28, 2008
Friday's Market
Thursday - 28 Feb 2008
11.50 p.m. - Malaysia time zone
This morning at about 10.00 a.m., I tried to post to this blog regarding today's ( Thursday's speculation ) but due to interruption at blogger and blogspot's web, the publication of my posting was not successful. As far as I am concerned ,I would prefer to post my forecast before the market opens.
The market open at 3879 and closed at 3850. The highest was at 3882 and the lowest was at 3837. Since I was not able to do any forecast for today, so I think it is better for me not to say anything.
Tomorrow
The way I look at it, I think the market is in consolidation or sidelines phase. It would simply mean that if there is a signal of going up , the market would move in a different direction. If there is a signal of selling, the market instead would move to go upwards and vise versa. This can clearly be seen especially at the opening of the market. The strategy to use here is to use contrarian strategy which means buy at the point where you are supposed to sell and sell at the point when you are supposed to buy. The risk is quite high, only those who are experience in this line can figure out the right position to enter the market.For those who are not sure , just stay away from the market for a moment. The only possible way to trade in this sidelines situation is to look for clear formation of trendlines.Any way you still have to be very careful. For the time being, I am not going to make any speculation until this sideline phenomena is over.
I foresee that the market would be "moving" again if it breaks up above 3920 or breaks down below 3750. If these level are not broken , I would say the market would be moving between these range.
11.50 p.m. - Malaysia time zone
This morning at about 10.00 a.m., I tried to post to this blog regarding today's ( Thursday's speculation ) but due to interruption at blogger and blogspot's web, the publication of my posting was not successful. As far as I am concerned ,I would prefer to post my forecast before the market opens.
The market open at 3879 and closed at 3850. The highest was at 3882 and the lowest was at 3837. Since I was not able to do any forecast for today, so I think it is better for me not to say anything.
Tomorrow
The way I look at it, I think the market is in consolidation or sidelines phase. It would simply mean that if there is a signal of going up , the market would move in a different direction. If there is a signal of selling, the market instead would move to go upwards and vise versa. This can clearly be seen especially at the opening of the market. The strategy to use here is to use contrarian strategy which means buy at the point where you are supposed to sell and sell at the point when you are supposed to buy. The risk is quite high, only those who are experience in this line can figure out the right position to enter the market.For those who are not sure , just stay away from the market for a moment. The only possible way to trade in this sidelines situation is to look for clear formation of trendlines.Any way you still have to be very careful. For the time being, I am not going to make any speculation until this sideline phenomena is over.
I foresee that the market would be "moving" again if it breaks up above 3920 or breaks down below 3750. If these level are not broken , I would say the market would be moving between these range.
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