Friday - 20 June 2008
8.50 a.m. - Malaysian Time
The CPO ( Crude Palm Oil ) for September's contract open at 3645 and closed at 3600. The highest was at 3650 and the lowest was at 3579.
Today
The market, in avery very short term, is said to be bearish. So , in brief, here is my forecast for today ;
1)If the market opens between the level 3590 to 3625. Sell after the market has moved up " a little bit " ( those who have been following my blog may have the idea of how to go about doing it ). Be careful if the market opens and immediately moves up in a fast and steep gradient, it could be a false alarm or the market may go up further and may end up a white bar today. For best result, the market opens and retraces down a bit before moves up nicely to the intended level. If the market beats up the level between 3636 to 3644, the market may go further up. This would be more prominent if the market opens more towards the upper end of the level between 3590 to 3653 level. If this happens ( opens at the upper end ) and beats up the level 3636 to 3644 and later the level between 3650 to 3656 the market may end up a white bar.If the market retraces down, after opening, and beats the level between 3570 to 3579, the market may retrace further down but it may bounce back in a short time.
2)If the market opens between the level between 3625 to 3635. Buy after the market beats up the level 3636 to 3644. The market may end up a white bar today.
3) If the market opens between the level 3579 to 3590. Sell after the market retraces down and beats the level between 3570 to 3579. Lock up for profits here once you see some , the market may rebounce in a short time.
4)If the market opens between the level 3555 to 3579. Sell after the market has moved up a bit or after the market has moved up a bit and falls at least 3 points passing the opening level.
5)If the market opens between the level 3635 to 3662. See #4 but do the opposite way except if the market opens and starts to move up, try to catch up ( long ) here. If the market manages to beat the level between 3650 to 3658, the market may go further up and a white bar may be formed today.
6)If the market opens above 3662. It is your call, I don't know , man!
7) If the market opens below 3555. It is your call but I got a feeling that the market may end a white bar or at least a part of the trading day today.
8) Do not forget your stop loss, false alarm etc. If you are not sure, look for clear pattern of trendlines such as 3 tops/bottom, head and shoulder etc...
If still not sure contact your broker or better still do nothing today. If you do nothing, nothing will happen - for sure you are not going to waste any money today.
Have a nice trading moment
P/S Sorry Mike, my English can be terrible at times ( or most of the time ? )
Friday, June 20, 2008
Thursday, June 19, 2008
Thursday ?
Thursday - 19 June 2008
8.30 a.m. - Malaysia Time Zone
The Crude Palm Oil's ( CPO ) September contract open at 3665 and closed at 3640 yesterday. The highest was at 3680 and the lowest was at 3639.
If you look at one of my forecast yesterday ( #1) which indicated "If the market opens between the level 3650 to 3682. Sell after the market has moved up " a little bit " ( between 9 to 20 points ) from opening level.", the market yesterday infact open at 3665 and at about 11.00 a.m. shot up to the highest of the day ( at 3680 - 20 points after opening ) at noon before retracing down to almost the lowest when it closed at 6.00 p.m. Had a sell position been placed at this range ( between 9 to 20 points from opening level i.e from 3669 to 3680 ), a very good profits would have been able to be made indeed. Anyway , as the strategy focuses more on taking position after opening level ( see one of my previous postings ), I would probably do not recommend to place a position here especially at noon because the risk is higher here. Any way, some people say risk is every where in futures trading, even your life is full of risks!
Today
As usual, I am not in the position to make any forecast today. Those who have been following my blog may probably......blah..blah...
If you are not sure , please contact your broker but never contact....blah....blah...blah...
Have a nice trading day!!!!
8.30 a.m. - Malaysia Time Zone
The Crude Palm Oil's ( CPO ) September contract open at 3665 and closed at 3640 yesterday. The highest was at 3680 and the lowest was at 3639.
If you look at one of my forecast yesterday ( #1) which indicated "If the market opens between the level 3650 to 3682. Sell after the market has moved up " a little bit " ( between 9 to 20 points ) from opening level.", the market yesterday infact open at 3665 and at about 11.00 a.m. shot up to the highest of the day ( at 3680 - 20 points after opening ) at noon before retracing down to almost the lowest when it closed at 6.00 p.m. Had a sell position been placed at this range ( between 9 to 20 points from opening level i.e from 3669 to 3680 ), a very good profits would have been able to be made indeed. Anyway , as the strategy focuses more on taking position after opening level ( see one of my previous postings ), I would probably do not recommend to place a position here especially at noon because the risk is higher here. Any way, some people say risk is every where in futures trading, even your life is full of risks!
Today
As usual, I am not in the position to make any forecast today. Those who have been following my blog may probably......blah..blah...
If you are not sure , please contact your broker but never contact....blah....blah...blah...
Have a nice trading day!!!!
Wednesday, June 18, 2008
Wednesday's Tips
Wednesday - 18 June 2008
8.50 a.m. - Malaysia Time Zone
The CPO's ( Crude Palm Oil ) contract for September open at 3675 and closed at 3645 yesterday. The highest was at 3694 and the lowest was at 3639. Since I did not make any forecasting on yesterday's market, so I reserve any comment.
Today
So how about today ? I would rather prefer to say that the market, in a very very short term, is bearish. Anyway, as the strategy used in this market depends on the opening of the day, the forecast for the market direction today would be as follows;
1) If the market opens between the level 3650 to 3682. Sell after the market has moved up a "little bit" (between 9 to 21 points) from opening level. If the market beats up the level between 3695 to 3702, the market may go up further, at least in the half of the trading day. This would be more prominent if the market opens more towards the upper part of the level between 3650 to 3682. If the market , after opening, beats down the level between 3627 to 3635, the market may retrace further down but there is a posiblity that the market may rebounce back. This would be more prominent if the market opens more towards the lower part of the said level as above ( nearing the 3650 level )
2) If the market opens between the level 3682 to 3694. Buy after the market has beaten up the level 3695 to 3635.
3) If the market opens between the level 3639 to 3650. Sell after the market has passed down the level between 3626 to 3635.
4) If the market opens between the level between 3695 to 3720. Buy after the market has retraced down a bit and later beats up 3 points above the opening level. If the market does not fall after opening, buy at your will ( experience in trading is important here )
5) If the market opens between the level 3615 to 3639. Do as #4 but in the opposite way.
6) If the market opens between 3720 to 3730 and above. I am speechless, it is your call.
7) If the market opens between 3605 to 3614 and below. I do not know, it is your call but I think the market may end up a white bar today
8) Make sure to put your stop loss between 10 to 20 points should the market goes aginst you ( you better start praying too ). If the market opens and immediately moves up or down in a very fast and steep gradient, be careful it could be a false alarm, you can try on the second attempt ( this does not apply for #4 and #5 as above ).You could also look for trendlines such as head and shoulder etc... before placing your position.
Well, that's about it, as usual, this is my forecast, I may be right or wrong. I have been rights for so many times and I have wrongs also for many times. There are also other strategies which could give a better winning outcomes besides than the above strategy which cannot be revealed at this point of time due to some technical constrain
If you are not sure.....contact your broker but never your wife. If you loss, she will start nagging non-stop, contact her only when you make profits..........women.......
Have a nice trading day
8.50 a.m. - Malaysia Time Zone
The CPO's ( Crude Palm Oil ) contract for September open at 3675 and closed at 3645 yesterday. The highest was at 3694 and the lowest was at 3639. Since I did not make any forecasting on yesterday's market, so I reserve any comment.
Today
So how about today ? I would rather prefer to say that the market, in a very very short term, is bearish. Anyway, as the strategy used in this market depends on the opening of the day, the forecast for the market direction today would be as follows;
1) If the market opens between the level 3650 to 3682. Sell after the market has moved up a "little bit" (between 9 to 21 points) from opening level. If the market beats up the level between 3695 to 3702, the market may go up further, at least in the half of the trading day. This would be more prominent if the market opens more towards the upper part of the level between 3650 to 3682. If the market , after opening, beats down the level between 3627 to 3635, the market may retrace further down but there is a posiblity that the market may rebounce back. This would be more prominent if the market opens more towards the lower part of the said level as above ( nearing the 3650 level )
2) If the market opens between the level 3682 to 3694. Buy after the market has beaten up the level 3695 to 3635.
3) If the market opens between the level 3639 to 3650. Sell after the market has passed down the level between 3626 to 3635.
4) If the market opens between the level between 3695 to 3720. Buy after the market has retraced down a bit and later beats up 3 points above the opening level. If the market does not fall after opening, buy at your will ( experience in trading is important here )
5) If the market opens between the level 3615 to 3639. Do as #4 but in the opposite way.
6) If the market opens between 3720 to 3730 and above. I am speechless, it is your call.
7) If the market opens between 3605 to 3614 and below. I do not know, it is your call but I think the market may end up a white bar today
8) Make sure to put your stop loss between 10 to 20 points should the market goes aginst you ( you better start praying too ). If the market opens and immediately moves up or down in a very fast and steep gradient, be careful it could be a false alarm, you can try on the second attempt ( this does not apply for #4 and #5 as above ).You could also look for trendlines such as head and shoulder etc... before placing your position.
Well, that's about it, as usual, this is my forecast, I may be right or wrong. I have been rights for so many times and I have wrongs also for many times. There are also other strategies which could give a better winning outcomes besides than the above strategy which cannot be revealed at this point of time due to some technical constrain
If you are not sure.....contact your broker but never your wife. If you loss, she will start nagging non-stop, contact her only when you make profits..........women.......
Have a nice trading day
Sunday, June 15, 2008
Friday's Analysis
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!!!!!!
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!!!!!!
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!!!!!
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