Sunday 15 June 2008
2.55 p.m. - Malaysian Time
The CPO's August contract open at 3660 and closed at 3690 last Friday. The highest was at 3712 and the lowest was at 3653.
Please refer to my forecast last Friday ( see #3 ) which stated that " If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673 ". The market, in fact , open at 3660, fell a little bit, and immediately moved up beating the level 3666 but it was a false alarm as the market movement was quite fast ( I have mentioned this so many times in my privious forecasts ) . A second attempt occurred after that and beat again the level between 3666 to 3673 and later moved up to the highest of the day at 3712. Had a buy position been taken here, a maximum profit of about 40 points could have been made quite easily. I also mentioned in my previous forecast that " if the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today " ( see #5 ). The market did go up and beat the said level but later retraced down " a lttle bit " before settling down at 3690 and a white bar was formed on that day.
Tomorrow ( Monday )
Due to some reasons, I am not able to do any forecasting for tomorrow. Those who have been following my blog ( are they out there? - If there is none, may be one day I may have to say good bye to this blog of mine ) may probably have the idea of how to go about entering the market.
Have a nice trading day!!!!!!
Sunday, June 15, 2008
Friday, June 13, 2008
Friday's Where About
Friday - 13 June 2008
9.00 a.m. - Malaysian Time
The CPO futures market for August's contract open at 3682 and closed at 3623 yesterday. The highest was at 3691 and the lowest was at 3620.
Today
So how about today's direction? In a very short term, I could figure out that the market is bearish. As usual, the strategy is determined by the opening of the market as the opening is beleived to have indicated the performance of other commodities such as soybean oil, crude oil etc..In short ( not in details this time ), here are my forecast for today;
1) If the market opens between the level 3630 to 3655. Sell after the market has risen " a bit " after opening. If the market beats up the level between 3666 to 3673, the market may move further up and a white bar may be formed today or at least the market would go up ( enough to make some profits ) before retracing down. Later, if the market beats the level between 3686 to 3692, the market may go further up and a white may be formed today.More prominent if the market opens more towards to the upper end of the said level ( nearing the 3655 level ). If the market beats down the level between 3613 to 3620, the market may retrace further down. More prominent if the market opens more towards to the lower part of the level 3630.
2) If the market opens between the points 3620 to 3630. Sell after the market has beaten down the level between 3613 to 3620.
3) If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673.
4) If the market opens between the level 3594 to 3620. Sell afterr the market has moved up a little bit from the opening.
5) If the market opens between the level 3666 to 3691. Buy after the market has retraced a bit from opening.If the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today.
6) If the market opens above 3691 to 3715, the market may go further up.
7) If the market opens above 3715, it is your call. I think the market would be a black bar today or at least before lunch.
8) If the market opens below 3594, it is your call. I think it would end a white bar today at least before lunch.
9) If the market opens and moves up / down in a fast way and in a steep gradient, be careful it could be a false alarm, look for a second attempt. Another false alarm if the market moves up / down without retracing / moving up first, if you see this just stay away from the market, look for trendlines.Do not forget the stop loss etc.. If not very sure of the next movemet, lock up your profits immediately.You could also look for trendlines before taking your position such head and shoulder, 3 tops etc.. ( I seem to like these trendlines more than others )
If not sure, contact your commodity broker / dealer ...........never to contact your grandmother....Well, they seem not to bother on anything anymore.
Have a nice trading moment.
9.00 a.m. - Malaysian Time
The CPO futures market for August's contract open at 3682 and closed at 3623 yesterday. The highest was at 3691 and the lowest was at 3620.
Today
So how about today's direction? In a very short term, I could figure out that the market is bearish. As usual, the strategy is determined by the opening of the market as the opening is beleived to have indicated the performance of other commodities such as soybean oil, crude oil etc..In short ( not in details this time ), here are my forecast for today;
1) If the market opens between the level 3630 to 3655. Sell after the market has risen " a bit " after opening. If the market beats up the level between 3666 to 3673, the market may move further up and a white bar may be formed today or at least the market would go up ( enough to make some profits ) before retracing down. Later, if the market beats the level between 3686 to 3692, the market may go further up and a white may be formed today.More prominent if the market opens more towards to the upper end of the said level ( nearing the 3655 level ). If the market beats down the level between 3613 to 3620, the market may retrace further down. More prominent if the market opens more towards to the lower part of the level 3630.
2) If the market opens between the points 3620 to 3630. Sell after the market has beaten down the level between 3613 to 3620.
3) If the market opens between the level 3656 to 3666. Buy after the market has beaten the level between 3666 to 3673.
4) If the market opens between the level 3594 to 3620. Sell afterr the market has moved up a little bit from the opening.
5) If the market opens between the level 3666 to 3691. Buy after the market has retraced a bit from opening.If the market moves and beats the level 3691 to 3697, the market may go up further and a white bar may be formed today.
6) If the market opens above 3691 to 3715, the market may go further up.
7) If the market opens above 3715, it is your call. I think the market would be a black bar today or at least before lunch.
8) If the market opens below 3594, it is your call. I think it would end a white bar today at least before lunch.
9) If the market opens and moves up / down in a fast way and in a steep gradient, be careful it could be a false alarm, look for a second attempt. Another false alarm if the market moves up / down without retracing / moving up first, if you see this just stay away from the market, look for trendlines.Do not forget the stop loss etc.. If not very sure of the next movemet, lock up your profits immediately.You could also look for trendlines before taking your position such head and shoulder, 3 tops etc.. ( I seem to like these trendlines more than others )
If not sure, contact your commodity broker / dealer ...........never to contact your grandmother....Well, they seem not to bother on anything anymore.
Have a nice trading moment.
Wednesday, June 11, 2008
Wednesday is the Day
Wednesday - 11 June 2008
8.40 a.m. - Malaysian Time
The CPO's contract for August open at 3647 and closed at 3530 yesterday. The highest was at 3679 and the lowest was at 3530.
The market open at 3647, retraced down a bit and immediately moved up in a fast and steep gradient to reach the highest of the day at 3679. As I mentioned in my forecast yesterday, if you see this kind of movement, it is better for you to be careful as this movement could be a false alarm. A position can be taken after a second attempt. In fact a second attempt did occur at about 11.00 a.m. If you refer to my forecast ( #6) yesterday, the market open between the level 3624 to 3648, it would mean "sell after the market has moved up between 9 to 20 points after opening " ( opposite of #4 ). Had this position been taken at this second attempt, you would have made quite a profits even though I did mention to lock up your profits immediately after seeing "some" profits. Alas, had you waited further you would have made a lot more of profits! ( If not sure just lock it up, man ! )
Today
How about today then? Well, I guess, for those of you out there ( if there is any ), who have been following my blog probably may have the idea of how to enter the market.
If not sure contact your broker .......but never your family doctor ....especially if your wife likes to see him on frequent occasion.
Have a nice trading day!
8.40 a.m. - Malaysian Time
The CPO's contract for August open at 3647 and closed at 3530 yesterday. The highest was at 3679 and the lowest was at 3530.
The market open at 3647, retraced down a bit and immediately moved up in a fast and steep gradient to reach the highest of the day at 3679. As I mentioned in my forecast yesterday, if you see this kind of movement, it is better for you to be careful as this movement could be a false alarm. A position can be taken after a second attempt. In fact a second attempt did occur at about 11.00 a.m. If you refer to my forecast ( #6) yesterday, the market open between the level 3624 to 3648, it would mean "sell after the market has moved up between 9 to 20 points after opening " ( opposite of #4 ). Had this position been taken at this second attempt, you would have made quite a profits even though I did mention to lock up your profits immediately after seeing "some" profits. Alas, had you waited further you would have made a lot more of profits! ( If not sure just lock it up, man ! )
Today
How about today then? Well, I guess, for those of you out there ( if there is any ), who have been following my blog probably may have the idea of how to enter the market.
If not sure contact your broker .......but never your family doctor ....especially if your wife likes to see him on frequent occasion.
Have a nice trading day!
Tuesday, June 10, 2008
Tuesday's Direction
Tuesday - 10 June 2008
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
9.10 a.m. - Malaysia Time Zone
9.20 a.m. - a little bit of updating
The CPO market for August's contract open higher at 3685 and closed at 3660 yesterday. The highest was at 3700 and the lowest was at 3648.
Since the market open not within the levels which I have suggested, theoritically, there was no money made.As for trendlines, there was "quite a clear formation" of 3 bottoms where the third bottoms occurred immediately after lunch. I guessed it was more of a gamble if you had taken the position of placing a buy at this level. If you had placed a buy here, though the formation was not that very clear, you would have made a very handsome profits indeed. As usual if you are not sure, better stay away from the market. You can be lucky once today but you may not be so twice tomorrow.
Today?
How about today? you may ask. In a very short term, I would rather say the market is still in bearish situation.
1) If the market opens between the level 3660 to 3690. Sell after the market has moved up between 9 to 20 points after opening. Lock up for profits immediately as the market may rebounce. If the market manages to beat up the level between 3700 to 3707, the market may move further up and a white bar could be formed today.This would be more prominent if the market opens more towards to the level nearing 3690 ( put a buy at this level - 3700 to 3707 ). If the market then moves further up and beats the level 3740 to 3746, the market may go further up. If the market beats down the level between 3640 to 3648, the market may go down further especially if the market opens more towards to level nearing 3660. If you see any profits, quickly lock it up as it may rebounce back.
2) If the market opens between 3690 to 3700, buy after the market has beaten the level between 3699 to 3706 .
3) If the market opens between the level between 3648 to 3660, sell after the market has beaten the level between 3640 to 3648.
4) If the market opens between 3700 to 3726, buy after the market has fallen between 9 to 20 points after opening or buy after the market has fallen " a little bit" and later moves up beating 3 points above the opening level.
5) If the market opens above 3726 and later beats the level between 3728 to 3735 or open between 3738 to 3764, the market may move further up, see # 4 as above.
6) If the market opens between 3624 to 3648. See #4 but it must be done the opposite way.
7) If the market opens below 3624, it is your call but I think the market may end up a white bar.
8) If the market open above 3764, it is your call. I do not know what to say, I am speechless.
8) Don't forget your stop loss of about 10 to 15 points. If the market moves up or down in a very fast and steep way beating the forecasted level, just be careful, it could be a false alarm. Look for a second attempt.If not sure , can look for trendlines such head and shoulder etc...If you see any reasonable or intended profits, just lock it up immediately as the market may go against you. If you want more money buy more lots ( the same applies if you loss them )
That are my forecast, I could be right and be wrong. I have been rights for so many times and I have been wrongs also for so many times. If not sure .... consult your broker but never your "wakil rakyat"- they are ....%$#@!*&^
Have a nice trading!!!!!
Monday, June 9, 2008
Monday's Forecast
Monday - 9 June 2008
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
9.10 a.m. - Malaysian Time
The CPO contract for August on last Friday open at 3460 and closed at 3528. The highest was at 3541 and the lowest was at 3435.
For the last whole week, I was on vacation ( school holidays in Malaysia ) and I decided to free myself from any trading of what so ever. In fact , some of the places where I took a rest have no telecommunication facilities, "and my mind was so calm and so clear "( lyric from an oldie ).
Today
In a very short term, the market is said to be bearish, anyway the direction of the market today will depend on the opening of the market ( This is the strategy used at current situation ).
1) If the market opens above 3629, the market may move further high and a white bar may be formed today. Buy after the market has dropped to between 8 to 18 points after opening or buy after the market drops " a little bit" and then starts to move up again beating 3 points after the opening level. Be extra caereful if the market opens above 3653, this strategy may not work.
2) If the market opens between 3590 to 3625. Buy after the market has dropped to between 8 to 18 points after opening. Don't forget your stop loss of about 10 to 15 points.If the market beats the level between 3626 to 3633, the market may move further up ( long here ) especially if the market opens more towards to the upper end ( nearing the 3625 level ). If the market beats down the level between 3570 to 3576, the market may move further down. This is more prominent if the opening is nearing the 3625 level ( short here )
3)If the market opens between 3580 to 3590 , sell after the market beats down the level between 3570 to 3576.
4)If the market opens between 3555 to 3579, sell after the market has moved up 8 to 18 points from opening or after the market moves up " a little bit" and then drops down beating 3 points after the opening level.
5) Other than the above, it is your call
6) If the market opens and moves up or down in a very fast and steep way and beats the anticipated level, be careful, it could be a false alarm. Wait for a second attempt.
7) You can also look for trendlines such as 3 tops, head and shoulder etc..... at appropriate level before making any position.
8) If you are not sure.......just stay out of the market.
If you are still not sure.....contact anybody whom you know except your in-laws
There are other strategies that are used which have a better winning outcomes but cannot be revealed at the moment due to the need of charts and graphs, may be some other time.
Have a nice trading day!!!!!!!!
Tuesday, May 27, 2008
Tuesday?
Tuesday - 27 May 2008
8.30 a.m. - Malaysian Time
The CPO's August contract for yesterday open at 3671 and closed at 3673. The highest was at 3705 and the lowest was at 3660.
If you look at my forecast yesterday ( see # 4 ), the market open at 3671 and immediately retraced 11 points from opening to the lowest of the day at 3660.A minute later the market moved up beating the opening point and started to move further up to the highest of the day at 3705. According to my forecast, a buy could be placed after the market fell from 7 to 20 points after opening. It seemed that yesterday, it was quite hard to long at the" after 7 to 20 points fall from opening" unless if you managed to que for the intended price. Anyway, had you managed to long at the level , you could have made a very handspme profits ( maximum 35 points ) indeed. The market did go up beating the level 3700 and after touching 3705, the market started to retrace down ( see #4 ). Anyway I was actually hoping that the market would go further up after beating the level 3700.
Today ?
Due to some reasons ( probably some of you may have known that ) , I am not in the position to make any forecasting today. Those who have been following my blog may probably have the idea of how to take position today.
Well, have a nice trading day !!!!!!!!!!!!!!!
8.30 a.m. - Malaysian Time
The CPO's August contract for yesterday open at 3671 and closed at 3673. The highest was at 3705 and the lowest was at 3660.
If you look at my forecast yesterday ( see # 4 ), the market open at 3671 and immediately retraced 11 points from opening to the lowest of the day at 3660.A minute later the market moved up beating the opening point and started to move further up to the highest of the day at 3705. According to my forecast, a buy could be placed after the market fell from 7 to 20 points after opening. It seemed that yesterday, it was quite hard to long at the" after 7 to 20 points fall from opening" unless if you managed to que for the intended price. Anyway, had you managed to long at the level , you could have made a very handspme profits ( maximum 35 points ) indeed. The market did go up beating the level 3700 and after touching 3705, the market started to retrace down ( see #4 ). Anyway I was actually hoping that the market would go further up after beating the level 3700.
Today ?
Due to some reasons ( probably some of you may have known that ) , I am not in the position to make any forecasting today. Those who have been following my blog may probably have the idea of how to take position today.
Well, have a nice trading day !!!!!!!!!!!!!!!
Monday, May 26, 2008
Monday's Mood
Monday - 26 May 2008
9.15 a.m. - Malaysian Time ( market opens at 10.30 a.m. )
The CPO market for August on last Friday open at 3575 and closed at 3654. The highest was at 3658 and the lowest was at 3570. Since there was no forecasting made for last Friday market movement , then there will be no analysis to be made on the matter.
Today
So how about today ? In a very very short term, the market is still bullish;
1) If the market opens between the points 3627 to 3657, buy after the market opens and drops between 7 to 20 points from opening. Don't forget your stop loss.Be careful if the market opens and drops steeply and immediately after opening, it could be a false alarm. Take position only after the second attempt.Also beware if the market beats down the level between 3608 to 3616. If this happens, the market may fall further down ( especially if the market opens more towards the lower part of the suggested level as above ). If you are not sure of entering the market, look for trendlines such 2 or 3 bottoms, inverted head and shoulder etc..
2) If the market opens between the level 3617 to 3627, sell after the market beats down the level between 3608 to 3616.If this occurs, the market may fall further and a black bar may be formed at the end of the day or at least in the early part of the trading ( goes down and later goes up again just enough to make some profits ).
3) If the market opens between the level 3590 to 3617, sell after the market opens and goes up between 7 to 20 points after opening. Be careful if the market opens and moves up in a fast and steep movement, it could be a false attempt. Try on the second attempt. Don't forget your stop loss. If not sure, look for trendlines such as 2 or 3 tops or head and shoulder etc...
4) If the market opens between 3657 to 3684, refer to #1 as above except that if the market moves up and beats the point 3700, the market may go further up or at least, it would go up and fall back, just enough to make some quick profits.
5) If the market opens above 3685, the market may ends a black bar today but if it moves further up and beats the level 3700 , the market may go further up and a white bar may be formed today or the market may fall back, just enough for you to take some qucik profits. It is your call to take position here.
6) If the market opens below 3590 , the market may end a white bar or at least the market would fall and later go up again just enough to make some profits. But if the market moves further down beating the level between 3560 to 3565 ( can sell here ), the market may go further down and a black bar may be formed toaday or at least or may go up agin, just enough for you to make some profits.
7) If you are not sure, you can look for a very clear formation of trendlines before placing your position.
That's about it. I could be right or could be wrong, I have.....blah blah blah balh.... If not sure.......contact anybody you like or not at all.
Have a nice trading day!
9.15 a.m. - Malaysian Time ( market opens at 10.30 a.m. )
The CPO market for August on last Friday open at 3575 and closed at 3654. The highest was at 3658 and the lowest was at 3570. Since there was no forecasting made for last Friday market movement , then there will be no analysis to be made on the matter.
Today
So how about today ? In a very very short term, the market is still bullish;
1) If the market opens between the points 3627 to 3657, buy after the market opens and drops between 7 to 20 points from opening. Don't forget your stop loss.Be careful if the market opens and drops steeply and immediately after opening, it could be a false alarm. Take position only after the second attempt.Also beware if the market beats down the level between 3608 to 3616. If this happens, the market may fall further down ( especially if the market opens more towards the lower part of the suggested level as above ). If you are not sure of entering the market, look for trendlines such 2 or 3 bottoms, inverted head and shoulder etc..
2) If the market opens between the level 3617 to 3627, sell after the market beats down the level between 3608 to 3616.If this occurs, the market may fall further and a black bar may be formed at the end of the day or at least in the early part of the trading ( goes down and later goes up again just enough to make some profits ).
3) If the market opens between the level 3590 to 3617, sell after the market opens and goes up between 7 to 20 points after opening. Be careful if the market opens and moves up in a fast and steep movement, it could be a false attempt. Try on the second attempt. Don't forget your stop loss. If not sure, look for trendlines such as 2 or 3 tops or head and shoulder etc...
4) If the market opens between 3657 to 3684, refer to #1 as above except that if the market moves up and beats the point 3700, the market may go further up or at least, it would go up and fall back, just enough to make some quick profits.
5) If the market opens above 3685, the market may ends a black bar today but if it moves further up and beats the level 3700 , the market may go further up and a white bar may be formed today or the market may fall back, just enough for you to take some qucik profits. It is your call to take position here.
6) If the market opens below 3590 , the market may end a white bar or at least the market would fall and later go up again just enough to make some profits. But if the market moves further down beating the level between 3560 to 3565 ( can sell here ), the market may go further down and a black bar may be formed toaday or at least or may go up agin, just enough for you to make some profits.
7) If you are not sure, you can look for a very clear formation of trendlines before placing your position.
That's about it. I could be right or could be wrong, I have.....blah blah blah balh.... If not sure.......contact anybody you like or not at all.
Have a nice trading day!
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