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!!!!!!
Monday, April 14, 2008
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!
Thursday, April 10, 2008
Thursday
Thursday - 10 March 2008
8.35 a.m. - Malaysian Time
The market yesterday open at 3395 and closed at 3325. The highest was at 3400 and the lowest was at 3290.
The market open at 3395 and moved up to 3400 at 11.00 a.m. and later fell to the lowest of the day at 3290 at 5.40 p.m.It then moved up to close at 3325.As I mentioned yesterday ( see #1 ), if the market passed down the level 3335 to 3340, the market would fall further and it did. To those who practice day trading would have taken the advantage of this market movement of buying back before it bouced back and started moving up to the closing level.
Today?
I beleive those who have been following my blog ( if there is any ) may have the idea of how to go about entering and exiting the market. So as for today, I just say " have a nice trading "
8.35 a.m. - Malaysian Time
The market yesterday open at 3395 and closed at 3325. The highest was at 3400 and the lowest was at 3290.
The market open at 3395 and moved up to 3400 at 11.00 a.m. and later fell to the lowest of the day at 3290 at 5.40 p.m.It then moved up to close at 3325.As I mentioned yesterday ( see #1 ), if the market passed down the level 3335 to 3340, the market would fall further and it did. To those who practice day trading would have taken the advantage of this market movement of buying back before it bouced back and started moving up to the closing level.
Today?
I beleive those who have been following my blog ( if there is any ) may have the idea of how to go about entering and exiting the market. So as for today, I just say " have a nice trading "
Tuesday, April 8, 2008
Wednesday's Where About
Wednesday - 9 March 2008
12.45 a.m. - Malaysian Time
2 days back, I posted my forecast to my blog and it got through. Anyway you are only able to view my latest blog if you are using Firefox Browser. If you are using Microsoft Internet Browser, you may not be able to view the blog. I just wonder why ( Y?)
The market yesterday open at 3340 and closed at 3375. The highest was at 3397 and the lowest was at 3340. The range per day has reduced to less than 100 points per day for the past 4 days. For small investors, may be this is the moment they have been waiting for because it is not just being the range but also the spread which is also small.
Today
To those persons out there ( if there is any) who still like to "listen" to my forecast, here is my analysis for today's market;
1) In very short term, the market is still in bullish scenerio but if today's market passes down the level between 3348 to 3354, the market may fall further but may also rebound back. But if it passes down further the level 3335 to 3340, the market may retrace further down. A black bar may be formed today.
2) If the market, after opening especially if the market opens almost to the highest of yesterday's , passes the level between the 3397 to 3402, the market may go up further and may fall back. Look for 2 or 3 tops before shorting.
Yesterday's market was said to be in the indecision situation.
12.45 a.m. - Malaysian Time
2 days back, I posted my forecast to my blog and it got through. Anyway you are only able to view my latest blog if you are using Firefox Browser. If you are using Microsoft Internet Browser, you may not be able to view the blog. I just wonder why ( Y?)
The market yesterday open at 3340 and closed at 3375. The highest was at 3397 and the lowest was at 3340. The range per day has reduced to less than 100 points per day for the past 4 days. For small investors, may be this is the moment they have been waiting for because it is not just being the range but also the spread which is also small.
Today
To those persons out there ( if there is any) who still like to "listen" to my forecast, here is my analysis for today's market;
1) In very short term, the market is still in bullish scenerio but if today's market passes down the level between 3348 to 3354, the market may fall further but may also rebound back. But if it passes down further the level 3335 to 3340, the market may retrace further down. A black bar may be formed today.
2) If the market, after opening especially if the market opens almost to the highest of yesterday's , passes the level between the 3397 to 3402, the market may go up further and may fall back. Look for 2 or 3 tops before shorting.
Yesterday's market was said to be in the indecision situation.
Monday, April 7, 2008
Monday's Where About
Monday - 7 March 2008
12.45 a.m. - Malaysian Time
On last 1st of April ( April Fool day? ) , I made a prediction on the CPO market but it seemed my prediction was not right at all. As I have said earlier on, in this kind of investment there are times when you are right, sometimes almost to 100%, and there are also times when you are not. If you are using Japanese candle sticks, not all the sign that you recognise on the chart may end up to your expectation.
Well, last Friday the market open at 3305 and closed at 3297. The highest was at 3305 and the lowest was at 3262.
Today;
Well, if there are still people out there who may still like to "hear " my forecast, then here is my forecast for today's market; I think, in short term, the market is in the bearish sentiment though it also looks like the market is passing through a period of uncertainty.
1) If the market opens between 3304 to 3330, the market may end up a white bar today but due to the performance of the market for the past 3 days, the market may also go up for a while and later may come down. The best thing to do here is to wait the market to go down after opening and put a buy here ( see my previous articles in this blog ) and sell immediately after it has gone up.
2) If the market opens between 3290 to 3303 and later moves up beating the level between 3308 to 3315, the market may go up further.Be careful here, the market may go down after going up to a certain level ( see #1 as above ).If after opening within this range and the market starts to move down passing the level between 3280 to 3277, the market may fall further down ( put a sell here )and if it beats down again the level between 3297 to 3256, the market may fall further and a black may be developed at the end of the day.
3) If the market opens between 3257 to 3281, the market may falls further and a possibility of black bar may be happening today
4) If the market opens below 3257, the market may ends up a white bar today.
Well, that is my forecast today, hope I am right!!!!
Hav a nice trading.
12.45 a.m. - Malaysian Time
On last 1st of April ( April Fool day? ) , I made a prediction on the CPO market but it seemed my prediction was not right at all. As I have said earlier on, in this kind of investment there are times when you are right, sometimes almost to 100%, and there are also times when you are not. If you are using Japanese candle sticks, not all the sign that you recognise on the chart may end up to your expectation.
Well, last Friday the market open at 3305 and closed at 3297. The highest was at 3305 and the lowest was at 3262.
Today;
Well, if there are still people out there who may still like to "hear " my forecast, then here is my forecast for today's market; I think, in short term, the market is in the bearish sentiment though it also looks like the market is passing through a period of uncertainty.
1) If the market opens between 3304 to 3330, the market may end up a white bar today but due to the performance of the market for the past 3 days, the market may also go up for a while and later may come down. The best thing to do here is to wait the market to go down after opening and put a buy here ( see my previous articles in this blog ) and sell immediately after it has gone up.
2) If the market opens between 3290 to 3303 and later moves up beating the level between 3308 to 3315, the market may go up further.Be careful here, the market may go down after going up to a certain level ( see #1 as above ).If after opening within this range and the market starts to move down passing the level between 3280 to 3277, the market may fall further down ( put a sell here )and if it beats down again the level between 3297 to 3256, the market may fall further and a black may be developed at the end of the day.
3) If the market opens between 3257 to 3281, the market may falls further and a possibility of black bar may be happening today
4) If the market opens below 3257, the market may ends up a white bar today.
Well, that is my forecast today, hope I am right!!!!
Hav a nice trading.
Wednesday, April 2, 2008
Next Direction
Wednesday - 2 April 2008
10.15 a.m. - Malaysian Time
A few days back , I tried to post my forecast to my blog but it did not get through. I just wonder why?
Since the market is about to open in just a few minutes more, I do not think I will be able to do any detail forecasting today.
According to Japanese candle stick, the bar for yesterday's was a hammer. In this situation, it is believed that the bar indicates the reversal pattern. Sometimes it turns to be the other way round.Most investors like this bar, anyway it will depend on the opening. If the opening is higher than yesterday's highest, the probablity is that the market will end a white bar, but in the early part of the trading, the market may be moving southwards. If opens too high, it is hard to say.Also if the market opens within the body of yesterday's ( more towards to the highest of yesterday ) and later moves up beating yesterday's highest ( better if it beats 4 to 10 points above yesterday's highest), it may end with a white bar today.Also look for trendlines, more on going upwards.
Happy trading!
10.15 a.m. - Malaysian Time
A few days back , I tried to post my forecast to my blog but it did not get through. I just wonder why?
Since the market is about to open in just a few minutes more, I do not think I will be able to do any detail forecasting today.
According to Japanese candle stick, the bar for yesterday's was a hammer. In this situation, it is believed that the bar indicates the reversal pattern. Sometimes it turns to be the other way round.Most investors like this bar, anyway it will depend on the opening. If the opening is higher than yesterday's highest, the probablity is that the market will end a white bar, but in the early part of the trading, the market may be moving southwards. If opens too high, it is hard to say.Also if the market opens within the body of yesterday's ( more towards to the highest of yesterday ) and later moves up beating yesterday's highest ( better if it beats 4 to 10 points above yesterday's highest), it may end with a white bar today.Also look for trendlines, more on going upwards.
Happy trading!
Tuesday, April 1, 2008
White Bar This Time?
Tuesday - 1 April 2008
The market open at 3430 and closed at 3395. The highest was at 3490 and the lowest was at 3390. A different of 100 points.
Since I did not make any forecasting for a few days back, I prefer not to make any comment.
Today
For the last 3 days the market have been filled with the black bars, do you think the market today will be a white one ? It could be yes or could be no, it depends on where the market opens today and the direction of the market immediately after opening and also the minimum points of it's retracement or going up. Those who have been following my blog , probably may have some ideas on how to go about forecasting the market today.
Today's trading is a real day not April Fool's !
So have a nice trading !
9.40 a.m. - Malaysian Time
The market open at 3430 and closed at 3395. The highest was at 3490 and the lowest was at 3390. A different of 100 points.
Since I did not make any forecasting for a few days back, I prefer not to make any comment.
Today
For the last 3 days the market have been filled with the black bars, do you think the market today will be a white one ? It could be yes or could be no, it depends on where the market opens today and the direction of the market immediately after opening and also the minimum points of it's retracement or going up. Those who have been following my blog , probably may have some ideas on how to go about forecasting the market today.
Today's trading is a real day not April Fool's !
So have a nice trading !
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