Tuesday - 13 May 2008
10.05 a.m. - Malaysian Time
The CPO for July contract open at 3600 and closed at 3570. The highest was at 3623 and the lowest was at 3555.
For your information, the strategies that I potray in this blog are merely the general strategies which I gathered from selected investment books such as the 3 tops/bottoms, head and shoulder ...etc. Besides that , I also develop my own strategies such as lightning strategy, double beatings, after 11 strategy, after 330 strategy , 3 ( buying and selling zone)channels etc. So in this blog you may find there are times when I mention the points to enter/exit the market and also there are times when I do not mention the points of enterance at all. There are also other strategies that I frequently use which could not be explained in this blog because the explaination needs the use of charts and graphs. In fact these are, so far, the best strategies to be used to determine the position of either to enter or to exit the market.
Today
In a very short term, the market is said to be in bearish situation. In fact, if the gap formed yesterday could be filled today, it will imply that the bearish situation may continue further.
1) If the market opens between 3555 to 3585. Sell after the market has moved up between 8 to 20 points after opening. If the market moves up in a vey fast way, just be careful. It could a false alarm.Don't forget your stop loss of about 10 to 15 points. Anyway , if the market manages to beat the level between 3598 to 3605, the market may go up further, a white bar may formed today. ( Best if market do not open more towards to the 3585 level ). If you hesitate, probably you could look for 3 tops or head and shoulder or other trendlines before shorting. ( as long as it does not beat the level 3598 to 3605 )
2) If the market opens between 3586 to 3598. Take position ( buy ) after the market has beaten the level between 3598 to 3605. Be careful, if after opening here, the market moves up in a very fast and steep gradient, it may be a false alarm. Take position on the second attempt.The market may ends a white bar today or at least would go up before retracing down. It would be enough for you to lock up for some profits.
3) If the market opens between 3555 to 3585 and moves down and beats the level 3550 to 3555, the market may retrace further down. Anyway it may go up again after retraching a certain level. For best result, if the market opens more towards the lower end of this level ( more toward to 3555 - put a sell here )
4) If the market opens between 3530 to 3555. Sell after the market moves up between 8 to 20 points or if the market opens and moves up about 5 points and then retraces down passing the opening level. Put a sell after 3 points down from the opening . Don't forget your stop loss.If not sure , can look for trendlines as mentioned at #1 above.
5) If the market opens below 3530. It is your call. Anyway, the chances of further down is quite great especially if the market manages to fill yesterday's gap.
6) If the market opens above 3622 and beats up the level 3624 to 3630 or open above 3630, the market may move further up and a white bar may be formed today. You can put a buy here.
That is it. If in doubts...contact anybody you like except your wife
Have a nice trading
Tuesday, May 13, 2008
Thursday, May 8, 2008
Today Is Thursday
Thursday - 8 May 2008
8.40 a.m. - Malaysian Time
The CPO market for July contract open at 3390 and closed at 3355. The highest was at 3408 and the lowest was at 3352.
If you refer to what I have forecasted in my last posting ( #1), the market yesterday open at 3390 and did retrace down the level 3364 to 3358 and a black bar was formed at the end of the day. I also have suggested that a sell could be placed here.As a day trader, this situation happened at the end of the trading day so it was not viable to place any position. In normal circumtances, the last hour for establishing a position is preferbably done , by latest , at 5.00 p.m.( well, again it depends on the volatility of the market, off course ). So no money was made yesterday ? Some say, it is better not to make any money rather than losing some money unnecessarily. The gap between Tuesday's bar and last Friday's bar has been partially filled, so what is next?
Today
From my observation, the market is still in the bearish level but yseterday's market showed that it was quite reluctant to go further down. Today's market may have to depend on the opening of the day and its movement in the early day of trading. As for today, I think I better leave it to you out there to figure out the maovement of today's market. Those who have been following my blog probably may have the idea of how to take position today. ( Further more, I should not be revealing the forecasting of the market on this blog on daily basis, should I ? )
Have a nice trading.
8.40 a.m. - Malaysian Time
The CPO market for July contract open at 3390 and closed at 3355. The highest was at 3408 and the lowest was at 3352.
If you refer to what I have forecasted in my last posting ( #1), the market yesterday open at 3390 and did retrace down the level 3364 to 3358 and a black bar was formed at the end of the day. I also have suggested that a sell could be placed here.As a day trader, this situation happened at the end of the trading day so it was not viable to place any position. In normal circumtances, the last hour for establishing a position is preferbably done , by latest , at 5.00 p.m.( well, again it depends on the volatility of the market, off course ). So no money was made yesterday ? Some say, it is better not to make any money rather than losing some money unnecessarily. The gap between Tuesday's bar and last Friday's bar has been partially filled, so what is next?
Today
From my observation, the market is still in the bearish level but yseterday's market showed that it was quite reluctant to go further down. Today's market may have to depend on the opening of the day and its movement in the early day of trading. As for today, I think I better leave it to you out there to figure out the maovement of today's market. Those who have been following my blog probably may have the idea of how to take position today. ( Further more, I should not be revealing the forecasting of the market on this blog on daily basis, should I ? )
Have a nice trading.
Wednesday, May 7, 2008
Today's Direction
Wednesday - 7 May 2008
9.20 a.m. - Malaysian Time
The CPO market for July open yesterday at 3428 and closed at 3387. The highest was at 3432 and the lowest was at 3370.
Today
In a very short term, I would say the market is still bearish. Any way today's direction may be determined by these factors;
1) If the market opens between 3380 to 3400 and later beats down the level between 3364 to 3358, the market may fall further ( can put a sell here ) and may fill the gap between yesterday's bar and the last Friday's bar.If this happens the market would end a black bar today.If , after filling the gap ( either half or a part of it ) and starts to move up again and closes within the said gap, the market could be sidelines after today.If the market opens within the level as pointed out as above and later moves and beats the level 3433 to 3440, the market may move further up and a white bar may be formed today ( best if opens more towards to the level nearing 3440 )
2) If the market opens between 3345 to 3370, the market may retrace further down. Put a sell after the market moves up ( after opening, off course ) a little before retraces down again.
3) If the market opens below 3345 , it is your call
4) If the market opens between 3400 to 3433 and then moves up beating the level 3433 to 3439, the market may go up further ( can long here ) and may end a white bar today. If this does not happens , the market may be in sidelines after today.
5) If the market opens above 3448, it is your call
6) If the market opens between 3380 to 3370 and then beats down the level 3370 to 3366, the market may retraces further ( can put a sell here )
7) If the market opens between 3400 to 3408 and beats up the level 3410 to 3416, the market may go up further ( can long here ). Any way just be careful here, it could be a false alarm here.
Well, that's about it. If in doubt , contact your wife......
Have a nice trading.
9.20 a.m. - Malaysian Time
The CPO market for July open yesterday at 3428 and closed at 3387. The highest was at 3432 and the lowest was at 3370.
Today
In a very short term, I would say the market is still bearish. Any way today's direction may be determined by these factors;
1) If the market opens between 3380 to 3400 and later beats down the level between 3364 to 3358, the market may fall further ( can put a sell here ) and may fill the gap between yesterday's bar and the last Friday's bar.If this happens the market would end a black bar today.If , after filling the gap ( either half or a part of it ) and starts to move up again and closes within the said gap, the market could be sidelines after today.If the market opens within the level as pointed out as above and later moves and beats the level 3433 to 3440, the market may move further up and a white bar may be formed today ( best if opens more towards to the level nearing 3440 )
2) If the market opens between 3345 to 3370, the market may retrace further down. Put a sell after the market moves up ( after opening, off course ) a little before retraces down again.
3) If the market opens below 3345 , it is your call
4) If the market opens between 3400 to 3433 and then moves up beating the level 3433 to 3439, the market may go up further ( can long here ) and may end a white bar today. If this does not happens , the market may be in sidelines after today.
5) If the market opens above 3448, it is your call
6) If the market opens between 3380 to 3370 and then beats down the level 3370 to 3366, the market may retraces further ( can put a sell here )
7) If the market opens between 3400 to 3408 and beats up the level 3410 to 3416, the market may go up further ( can long here ). Any way just be careful here, it could be a false alarm here.
Well, that's about it. If in doubt , contact your wife......
Have a nice trading.
Monday, April 28, 2008
Tuesday?
28 April 2008 - Monday
11.35 p.m. - Malaysian time
CPO futures for July open today at 3411 and closed at 3510. The highest was at 3516 and the lowest was at 3398.
As I mentioned in my last posting ( see #1), today the market open and moved within a few option levels which I have forecasted. After opening at 3411 the market immediately retraced down to the lowest of the day before starting to climb up again to beat the level between 3434 to 3440 ( see #1 ). On the way up, before beating the level 3434 to3440, there were no 2 tops/ head and shoulder patterns that could be recognised. This gave the indication that the market was on the way to go further up. I did mention that if the market beat this level, the market would go further up and a white bar would be forned today and it did. Any way I did not expect the market would go up "that very high".Those who had bought at this level ( 3434 to 3440 ) would have made a very handsome profits.
That's about it. Due to some reasons I am able to make any forecasting for tomorrow. To those who have been following my blog may probably have the idea of how to enter and exit the market.
Have a nice trading.
11.35 p.m. - Malaysian time
CPO futures for July open today at 3411 and closed at 3510. The highest was at 3516 and the lowest was at 3398.
As I mentioned in my last posting ( see #1), today the market open and moved within a few option levels which I have forecasted. After opening at 3411 the market immediately retraced down to the lowest of the day before starting to climb up again to beat the level between 3434 to 3440 ( see #1 ). On the way up, before beating the level 3434 to3440, there were no 2 tops/ head and shoulder patterns that could be recognised. This gave the indication that the market was on the way to go further up. I did mention that if the market beat this level, the market would go further up and a white bar would be forned today and it did. Any way I did not expect the market would go up "that very high".Those who had bought at this level ( 3434 to 3440 ) would have made a very handsome profits.
That's about it. Due to some reasons I am able to make any forecasting for tomorrow. To those who have been following my blog may probably have the idea of how to enter and exit the market.
Have a nice trading.
Sunday, April 27, 2008
Monday Forecast
Sunday - 27 April 2008
12.55 p.m. - Malaysian Time
10.05 a.m. ( Monday - 28 March 2008 ) - updated
The CPO futures for July's contract on last Friday open at 3440 and closed at 3419. The highest was at 3445 and the lowest was at 3388. Since the market open not within the level which I have forecasted, then it is better for me not to evaluate on the matter. Even though the urge to enter the market is so strong, sometimes we have to forego the intention because the opening of the market is not within our forecasted analysis. It is better not to make money on a particulr day rather than losing some of it without proper analysis of the market. It means that the self deciplain is very important here.
Tomorrow ( Monday )
So what is for on Monday? In a very short term, I would prefer to say the market is still bearish but again the direction of the market would probably depend on the opening of the day;
1) If the market opens between the level 3390 to 3418 , the market is expected to move further down. Look for trendlines such as 2 tops / head and shoulder etc..before putting a sell but if the market moves up and beats up the level between 3434 to 3440 the market may go up further and a white bar could be formed at the end of the day or at least the market would go up higher before retraces down.As a day trader, liquidate your position a while after seeing profits. If , after opening, the market moves up in a fast and steep gradient and then beats the level which I have mentioned just now, be careful it could be a false alarm.Look for a second attempt.Use lightning strategy before putting a long position.
2) If the market opens between 3390 to 3384 and later moves down beating the level 3380 to 3385 , the market may retrace down and at a certain level may bounce back. If it moves in a fast and steep gradient, be careful it could be a false alarm, try on a second attemp. Look for 2 bottoms here before you long. The best is to use lightning strategy or "beat the last previous high ". Here you could probably wait a while ( after the market has moved up ) before liquidating your position.Any way, just be extra careful if the market manages to beat the level between 34 70 to 3479, it could also lead to a further down. if you are not sure what to follow, just stay away.
3) If the market opens below 3360, it is your call
4) If the market opens between the level 3430 to 3445 and then moves up beating the level between 3445 to 3450 , the market may go up further and a white bar could be formed today ( also refer #1 as above ). If after opening here, the market retraces down 5 to 10 points and later moves up beating 3 points above the opening point, just buy here!
5) If the market opens above 3454 and above , it is your call.
Well, that is my forecast for tomorrow. I may be wrongs and I have been wrongs.....( sound familiar, isn't it? )
Have a nice trading day
12.55 p.m. - Malaysian Time
10.05 a.m. ( Monday - 28 March 2008 ) - updated
The CPO futures for July's contract on last Friday open at 3440 and closed at 3419. The highest was at 3445 and the lowest was at 3388. Since the market open not within the level which I have forecasted, then it is better for me not to evaluate on the matter. Even though the urge to enter the market is so strong, sometimes we have to forego the intention because the opening of the market is not within our forecasted analysis. It is better not to make money on a particulr day rather than losing some of it without proper analysis of the market. It means that the self deciplain is very important here.
Tomorrow ( Monday )
So what is for on Monday? In a very short term, I would prefer to say the market is still bearish but again the direction of the market would probably depend on the opening of the day;
1) If the market opens between the level 3390 to 3418 , the market is expected to move further down. Look for trendlines such as 2 tops / head and shoulder etc..before putting a sell but if the market moves up and beats up the level between 3434 to 3440 the market may go up further and a white bar could be formed at the end of the day or at least the market would go up higher before retraces down.As a day trader, liquidate your position a while after seeing profits. If , after opening, the market moves up in a fast and steep gradient and then beats the level which I have mentioned just now, be careful it could be a false alarm.Look for a second attempt.Use lightning strategy before putting a long position.
2) If the market opens between 3390 to 3384 and later moves down beating the level 3380 to 3385 , the market may retrace down and at a certain level may bounce back. If it moves in a fast and steep gradient, be careful it could be a false alarm, try on a second attemp. Look for 2 bottoms here before you long. The best is to use lightning strategy or "beat the last previous high ". Here you could probably wait a while ( after the market has moved up ) before liquidating your position.Any way, just be extra careful if the market manages to beat the level between 34 70 to 3479, it could also lead to a further down. if you are not sure what to follow, just stay away.
3) If the market opens below 3360, it is your call
4) If the market opens between the level 3430 to 3445 and then moves up beating the level between 3445 to 3450 , the market may go up further and a white bar could be formed today ( also refer #1 as above ). If after opening here, the market retraces down 5 to 10 points and later moves up beating 3 points above the opening point, just buy here!
5) If the market opens above 3454 and above , it is your call.
Well, that is my forecast for tomorrow. I may be wrongs and I have been wrongs.....( sound familiar, isn't it? )
Have a nice trading day
Friday, April 25, 2008
Friday's Forecasting
Friday - 25 March 2008
8.50 a.m. - Malaysian Time
Cpo ( crude palm oil ) for July contract open at 3525 and closed at 3460. The highest was at 3545 and the lowest was at 3454. Since I did not make any forecast on yesterday's market so I think I better not to make any remarks on the matter. Since my situation regarding my blog had been rectified, I hope to be able to forecast on my blog again especially for those out there who may be interested in my forecasting. ( if there is any)
Today
In a very short term, I would say the market is in bearish position;
1) If the market opens between the level 3465 to 3525, sell after the market has moved up probably between 13 to 23 points from opening. Do not forget your stop loss between 10 to 15 points. If, after opening, the market moves up in a very fast and steep gradient, be careful the market may go up further and and your placement at the level the I have suggested may be "harmful". The best, after opening, the market moves up steadily and the gradient is not that very steep. If the market manages to beat the level 3536 to 3550, the market may go up further and a white bar may be formed today. Make sure that your 13 to 23 points level from the opening must not beat this level.( It means; be careful if the opening is more towards the upper end of yesterday's bar )
2) If the market opens between the level 3465 to 3525 and later manages to beat down the level between 3445 to 3453, the market may fall further but at certain point, I think the market may bounce back. A buy position can be placed here ( look for 2 or 3 bottoms/ inverted head & shoulder or other trendlines )
3) If the market opens below 3428, the market may end up a white bar today.Look for 3 bottoms/ inverted head & shoulder or other trendlines before long position is to be established .
4) If the market opens between 3546 to 3552, the market may go up further and a white bar could be formed today. You can use lightning strategy to place a buy position here.
5) If the opens above 3560, it's your call.
Well, that 's about it. I hope I am right. I have wrongs.....blah..blah...
Have a nice trading
8.50 a.m. - Malaysian Time
Cpo ( crude palm oil ) for July contract open at 3525 and closed at 3460. The highest was at 3545 and the lowest was at 3454. Since I did not make any forecast on yesterday's market so I think I better not to make any remarks on the matter. Since my situation regarding my blog had been rectified, I hope to be able to forecast on my blog again especially for those out there who may be interested in my forecasting. ( if there is any)
Today
In a very short term, I would say the market is in bearish position;
1) If the market opens between the level 3465 to 3525, sell after the market has moved up probably between 13 to 23 points from opening. Do not forget your stop loss between 10 to 15 points. If, after opening, the market moves up in a very fast and steep gradient, be careful the market may go up further and and your placement at the level the I have suggested may be "harmful". The best, after opening, the market moves up steadily and the gradient is not that very steep. If the market manages to beat the level 3536 to 3550, the market may go up further and a white bar may be formed today. Make sure that your 13 to 23 points level from the opening must not beat this level.( It means; be careful if the opening is more towards the upper end of yesterday's bar )
2) If the market opens between the level 3465 to 3525 and later manages to beat down the level between 3445 to 3453, the market may fall further but at certain point, I think the market may bounce back. A buy position can be placed here ( look for 2 or 3 bottoms/ inverted head & shoulder or other trendlines )
3) If the market opens below 3428, the market may end up a white bar today.Look for 3 bottoms/ inverted head & shoulder or other trendlines before long position is to be established .
4) If the market opens between 3546 to 3552, the market may go up further and a white bar could be formed today. You can use lightning strategy to place a buy position here.
5) If the opens above 3560, it's your call.
Well, that 's about it. I hope I am right. I have wrongs.....blah..blah...
Have a nice trading
Tuesday, April 22, 2008
What's on Wednesday?
22 March 2008
11.00 p.m. - Malaysian time
Crude Palm oil futures - If you cannot view my blog using Internet Microsoft Browser then I would like to suggest to use Mozilla Firefolk Browser. Since this browser, if I am not mistaken, was developed by Google, the browsing of blogspot web would be more approprite. This browser can be download from the net, free of charge. Since I still have some problems with my blog, I prefer not to make any forecast today. I would be back as usual after this situation has been resolved.
Have a nice trading day!
11.00 p.m. - Malaysian time
Crude Palm oil futures - If you cannot view my blog using Internet Microsoft Browser then I would like to suggest to use Mozilla Firefolk Browser. Since this browser, if I am not mistaken, was developed by Google, the browsing of blogspot web would be more approprite. This browser can be download from the net, free of charge. Since I still have some problems with my blog, I prefer not to make any forecast today. I would be back as usual after this situation has been resolved.
Have a nice trading day!
Subscribe to:
Posts (Atom)
