Wednesday - 2 July 2008
9.35 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures for September contract open at 3624 and closed at 3575 yesterday. The highest was at 3624 and the lowest was at 3560.
Yesterday the market open at 3524 but it did not go up beating the level 3630 to 3637. So theoritically, there was no money made and also no money 'lost' yesterday. In fact, after opening, the market fell in a sharp gradient about 40 points from the opening point. In normal circumtances, if this happens the market would normally do not up again to pass the opening point, at least in the early part of the trading day. The market also did pass down the level between 3572 to 3580 ( see # 1 ) and it also did go down further but moved up again after touching 3560 ( about 20 points from the level 3572 to 3580 ). But because the opening of the market was quite high , so it was not adviseable to sell at this level ( at 3572 to 2580 ). There was quite clear pattern of trendlines ( 2 bottoms ) that occured at about 11.00 a.m. ( at 3560 ) but had a buy position been taken here , you would probably may have lost some money here ( about 6 points ).
Today
So how about today ? In a very very short term, the market is still bearish ;
1) If the market opens between 3570 to 3580. Buy after the market has passed the level 3590 to 3596. The market may go up further and a white bar is expected to be formed today especially if it manages to pass the level 3625 to 3630.
Sell if the market manages to pass down the level between 3563 to 3570 but the market may rebounce back in a short time. If the market manages to pass the level 3560 and below, look for a clear pattern of trendlines ( 2 bottoms ) to long.
2) If the market opens between the level 3590 to 3515. Buy after the market has droped a 'bit' or / and after the market has moved up a 'bit'. See bold letter as at #1 above
3) If the market opens above 3515. I don't know, man , it is your call but if the market manages to beat the level 3625 to 3630, the market may go up further and a white bar may be formed today.
4) If the market opens between the level 3543 to 3570. Sell after the market has moved up a 'bit' or / and after the market has fallen down a 'bit'. The market may rebounce back trying to pass the level 3590.
5) If the market opens below 3543. I don't know, it is your call. If , after opening, the market opens and moves up in a fast and sharp gradient, ( you can long here - if not sure just forget it ) , the market may end a white bar or at least in the early part of the trading day.
6) Please refer to my posting on last thursday ( see #9)
7) Please refer to # 9 on yesterday's forecast
8) Please refer to # 10 on yesterday's forecast
Well, that's about it, my forecast in brief ( is it brief ? ). If not sure contact your broker, it is just a matter of forecasting, I may be right or may be wrong...... blah..blah.
Have a nice day!
Wednesday, July 2, 2008
Tuesday, July 1, 2008
Tuesday's Tips
Tuesday - 1 July 2008
9.55 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September contract open at 3601 and closed at 3598. The highest was at 3629 and the lowest was at 3580.
As I mentioned in my last Friday posting, the market would make a new direction again if the level 3575 were to be broken. In fact, the market managed to break the level and settled above 3590 on that particular day itself.
Today
In a ver very short term, I would say that the market is bearish. My forecast for today are as follows;
1) If the market opens between the level between 3590 to 3620. Sell after the market has moved up a "bit' after opening. If the market manages to beat up the level between 3630 to 3637, the market may move further up and a white bar may be formed today or at least a part of the trading day today. This would be promising if the market opens more towards the upper end of the level between 3590 to 3620. If the market opens and beats down the level between 3572 to 3580, the market may retrace further down.This would be more promising if the market opens more towards the lower end of the level between 3590 to 3620.
2) If the market open between 3620 to 3630. Buy after market has moved up beating the level3630 to 3637 ( see the bold letters as in #1 )
3) If the market opens between the level between 3580 to 3590. Sell if the market has beaten down the level between 3572 to 3580 ( see also the italic bold letters as in #1as above )
4) If the market opens between the level 3630 to 3657. Buy after the market opens and falls a "bit" or buy after the market has fallen a "bit" and moved up 3 points above the opening level.
5) If the market opens between the level 3555 to 3580. Sell after the market opens and moves up a "bit" or sell after the market has moved a "bit" and falls down 3 points after opening level.
6) If the market opens above 3657. I don't know, it is your call
7) If the market opens below 3555. It is up to you, your call.
8) Please refer to my last posting on Thursday's Tips ( see #9)
9) If , after opening, the market moves up /down in a very fast and in a big distance without moving up/down back to pass up/down the opening level, the market may give a signal that it would continue its direction, just be careful.
10) The word "bit" is relatif, please refer to my previous postings
That's about it. If not sure contact your broker/dealer.
Have a nice trading day ahead.
9.55 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September contract open at 3601 and closed at 3598. The highest was at 3629 and the lowest was at 3580.
As I mentioned in my last Friday posting, the market would make a new direction again if the level 3575 were to be broken. In fact, the market managed to break the level and settled above 3590 on that particular day itself.
Today
In a ver very short term, I would say that the market is bearish. My forecast for today are as follows;
1) If the market opens between the level between 3590 to 3620. Sell after the market has moved up a "bit' after opening. If the market manages to beat up the level between 3630 to 3637, the market may move further up and a white bar may be formed today or at least a part of the trading day today. This would be promising if the market opens more towards the upper end of the level between 3590 to 3620. If the market opens and beats down the level between 3572 to 3580, the market may retrace further down.This would be more promising if the market opens more towards the lower end of the level between 3590 to 3620.
2) If the market open between 3620 to 3630. Buy after market has moved up beating the level3630 to 3637 ( see the bold letters as in #1 )
3) If the market opens between the level between 3580 to 3590. Sell if the market has beaten down the level between 3572 to 3580 ( see also the italic bold letters as in #1as above )
4) If the market opens between the level 3630 to 3657. Buy after the market opens and falls a "bit" or buy after the market has fallen a "bit" and moved up 3 points above the opening level.
5) If the market opens between the level 3555 to 3580. Sell after the market opens and moves up a "bit" or sell after the market has moved a "bit" and falls down 3 points after opening level.
6) If the market opens above 3657. I don't know, it is your call
7) If the market opens below 3555. It is up to you, your call.
8) Please refer to my last posting on Thursday's Tips ( see #9)
9) If , after opening, the market moves up /down in a very fast and in a big distance without moving up/down back to pass up/down the opening level, the market may give a signal that it would continue its direction, just be careful.
10) The word "bit" is relatif, please refer to my previous postings
That's about it. If not sure contact your broker/dealer.
Have a nice trading day ahead.
Friday, June 27, 2008
Friday
Friday - 27 June 2008
9.17 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures for September's contract open at 3555 and closed at 3535. The highest was at 3570 and the lowest was at 3516.
The market open at 3555 and the movement of the market was not that 'rushing' as in the past few days. If you look at my forecast yesterday ( #4 ) and had you long at , say 3555, you would have been able to make some money if you were to sell, say at about 10 to 15 points from opening level ( see # 9b ). But had you decided to wait for a bigger profits, well, I don't know......
Just to add - If you look at the comment section on my posting yesterday, the 'casino-like' strategy seemed quite okay at this point of time ( in the future ? ). The morning bar was a black one and in the afternoon, after the market open and beat down the lowest of the morning's bar, it kept moving down until it reached the lowest of the day ( 3516 ) and it started to go up again. Had a long position been placed after seeing the market moved up 10 points from the 3516 level, you probably would have been able to make quite a beautiful ( instead of handsome ) profits. There was also no clear pattern of any trendlines.
Today ?
Yesterday the market did not end a white bar , though I did not expect that to happen , I think the market is now in the sidelines phase. In this situation, the strategy which should be used should be the contrarian strategy which means, sell where you are supposed to buy and vise versa. Some say short at resistance and long at support level. The market is expected to have its direction again if the level 3575 and 3490 are broken. So, no forecasting today.
Have a nice trading day and smile always.
9.17 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures for September's contract open at 3555 and closed at 3535. The highest was at 3570 and the lowest was at 3516.
The market open at 3555 and the movement of the market was not that 'rushing' as in the past few days. If you look at my forecast yesterday ( #4 ) and had you long at , say 3555, you would have been able to make some money if you were to sell, say at about 10 to 15 points from opening level ( see # 9b ). But had you decided to wait for a bigger profits, well, I don't know......
Just to add - If you look at the comment section on my posting yesterday, the 'casino-like' strategy seemed quite okay at this point of time ( in the future ? ). The morning bar was a black one and in the afternoon, after the market open and beat down the lowest of the morning's bar, it kept moving down until it reached the lowest of the day ( 3516 ) and it started to go up again. Had a long position been placed after seeing the market moved up 10 points from the 3516 level, you probably would have been able to make quite a beautiful ( instead of handsome ) profits. There was also no clear pattern of any trendlines.
Today ?
Yesterday the market did not end a white bar , though I did not expect that to happen , I think the market is now in the sidelines phase. In this situation, the strategy which should be used should be the contrarian strategy which means, sell where you are supposed to buy and vise versa. Some say short at resistance and long at support level. The market is expected to have its direction again if the level 3575 and 3490 are broken. So, no forecasting today.
Have a nice trading day and smile always.
Thursday, June 26, 2008
Thursday's Tips
Thursday - 26 June 2008
9.50 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3502 and closed at 3538 yesterday. The highest was at 3554 and the lowest was at 3490. No comment on that.
Today
In brief, the market in a very short term is bullish, the forecast is as follows;
1) If the market opens between 3520 to 3534. Buy after the market has fallen about 5 to 10 points from the opening. If the market moves up beating the level between 3545 to 3553, the market may go up further but if the market ends up a black bar today, the market may be in the sidelines phase.If the market falls beating the level between 3503 to 3510, the market may fall down further especially if it beats down the level between 3483 to 3490.
2) If the market opens between the level 3534 to 3544. Buy after the market has moved up and beat the level between 3544 to 3551, the market may move further up.
3) If the market open between 3510 to 3520. Sell after the market has passed down the level between 3502 to 3510, see also the bold letter #1 as the above.
4) If the market opens between 3544 to 3570. Buy after the market has fallen about 5 to 10 points after opening or if the market falls a bit after opening, buy after the market has moved up nd beats 3 points above the opening level.
5) If the market opens between 3485 to 3410. See the bold letters at #4 above but do it the opposite way. See also the bold letters as in # 1 above.
6) If the market opens above 3570. It is your call, I have no idea , man
7) If the market opens below 3485. It is your call, well, see the bold letters as at #6
8) You can also look for a very clear pattern of trendlines such as 3 tops/botoms etc...before placing your position.
9) a) Don't forget your stop loss
b) Lock up your profits as you see one, the market may go against you sooner or later
c) If the market opens and moves up / down in a very fast and in steep gradient and in a "big distance" from the opening, be careful the market may proceed further up/down. If the distance from the opening is not "that big", it could a false alarm, you can try on the second attempt.
d) For the best result, after opening the market moves up / down a bit and then move down / up passing the opening point to the intended forecasted level, see bold at #c as above for continuation
d) The strategy above applies only after opening hour, it may not be suitable later than that
Well, this is only my forecast, I have been wrongs and rights for so many times. If you are not sure, contact your broker ( sometimes or most of the times your broker is ....yak....#@$%&* ) but never contact you librarian......wait a minute, I think it sounds familiar.......... I have heard that before...oh ya, I was once a librarian .....
Have a nice trading day and have fun even if you lose some money!!!
9.50 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3502 and closed at 3538 yesterday. The highest was at 3554 and the lowest was at 3490. No comment on that.
Today
In brief, the market in a very short term is bullish, the forecast is as follows;
1) If the market opens between 3520 to 3534. Buy after the market has fallen about 5 to 10 points from the opening. If the market moves up beating the level between 3545 to 3553, the market may go up further but if the market ends up a black bar today, the market may be in the sidelines phase.If the market falls beating the level between 3503 to 3510, the market may fall down further especially if it beats down the level between 3483 to 3490.
2) If the market opens between the level 3534 to 3544. Buy after the market has moved up and beat the level between 3544 to 3551, the market may move further up.
3) If the market open between 3510 to 3520. Sell after the market has passed down the level between 3502 to 3510, see also the bold letter #1 as the above.
4) If the market opens between 3544 to 3570. Buy after the market has fallen about 5 to 10 points after opening or if the market falls a bit after opening, buy after the market has moved up nd beats 3 points above the opening level.
5) If the market opens between 3485 to 3410. See the bold letters at #4 above but do it the opposite way. See also the bold letters as in # 1 above.
6) If the market opens above 3570. It is your call, I have no idea , man
7) If the market opens below 3485. It is your call, well, see the bold letters as at #6
8) You can also look for a very clear pattern of trendlines such as 3 tops/botoms etc...before placing your position.
9) a) Don't forget your stop loss
b) Lock up your profits as you see one, the market may go against you sooner or later
c) If the market opens and moves up / down in a very fast and in steep gradient and in a "big distance" from the opening, be careful the market may proceed further up/down. If the distance from the opening is not "that big", it could a false alarm, you can try on the second attempt.
d) For the best result, after opening the market moves up / down a bit and then move down / up passing the opening point to the intended forecasted level, see bold at #c as above for continuation
d) The strategy above applies only after opening hour, it may not be suitable later than that
Well, this is only my forecast, I have been wrongs and rights for so many times. If you are not sure, contact your broker ( sometimes or most of the times your broker is ....yak....#@$%&* ) but never contact you librarian......wait a minute, I think it sounds familiar.......... I have heard that before...oh ya, I was once a librarian .....
Have a nice trading day and have fun even if you lose some money!!!
Tuesday, June 24, 2008
Didn't Get Through
Tuesday - 24 June 2008
11.08 a.m. - Malaysian Time
This morning at 9.45 a.m., I tried to post my forecast to this blog but it did not get through because there was interupption at the blogger's page. After posting my forecast , the detail simply was not there! It was lost. No trace of it what so ever.
Luckily it did not get through, my forecast was out of the way!
Hav a nice trading
11.08 a.m. - Malaysian Time
This morning at 9.45 a.m., I tried to post my forecast to this blog but it did not get through because there was interupption at the blogger's page. After posting my forecast , the detail simply was not there! It was lost. No trace of it what so ever.
Luckily it did not get through, my forecast was out of the way!
Hav a nice trading
Sunday, June 22, 2008
Any Tips For Monday?
Sunday - 22 June 2008
4.25 p.m. - Malaysian Time
The CPO market for September's contract open at 3545 and closed at 3551. The highest was at 3557 and lowest was at 3525.
If you refer to one of my forecast on last Friday ( see # 7), the market open at 3545 ( open below 3555 ) and ended up a white bar but up to this moment I still am looking for a mechanism on how to enter the market if the market opens way too high or too low from the previous day's highest / lowest.
There was a not -very clear pattern of 2 bottoms ( you must know how to recognise between the 2 and 3 bottoms ) which the 2nd bottom occurred after 4.45 p.m. Since the 2nd bottom happened at this hour, so it is not adviseable to long here.
Tomorrow
The way I look at it, in a very short term, I would say the market is still bearish. In brief, here is my forecast for Monday's market ;
1) If the market opens between the level 3535 to 3545. Sell if the market moves up a bit ( I think those who have been following me may have the idea of how to go about it ). Careful if the market opens and starts to move up quickly and in a steep gradient, if this happens the market may go up further especially if it beats up the level between 3555 to 3563. If this happens a white bar may be formed at the end of the day. If the market opens and later beats down the level between 3514 to 3525, the market may fall further but may rebounce back.
2)If the market opens between the level 3545 to 3555 . Buy after the markets has beaten the level between 3555 to 3563.
3) If the market opens between the level 3525 to 3535. Sell after the market has beaten down the level between 3516 to 3525.
4)If the market opens between the level 3555 to 3581. Buy after the market has fallen a bit after opening or if the fall is so small, buy after 3 points above the opening level.
5)If the market opens above 3581. It is your call. I don't know what to say, man.
6)If the market opens between 3498 to 3525.It is your call and I am speecless but I think the market will end a white bar if the market opens and starts to move up without retracing back passing down the opening point.
7)You can also look for trendlines such as 3 tops ..etc. Don't forget your stop loss ...blah...blah
Well, good luck....and have a nice trading day!
4.25 p.m. - Malaysian Time
The CPO market for September's contract open at 3545 and closed at 3551. The highest was at 3557 and lowest was at 3525.
If you refer to one of my forecast on last Friday ( see # 7), the market open at 3545 ( open below 3555 ) and ended up a white bar but up to this moment I still am looking for a mechanism on how to enter the market if the market opens way too high or too low from the previous day's highest / lowest.
There was a not -very clear pattern of 2 bottoms ( you must know how to recognise between the 2 and 3 bottoms ) which the 2nd bottom occurred after 4.45 p.m. Since the 2nd bottom happened at this hour, so it is not adviseable to long here.
Tomorrow
The way I look at it, in a very short term, I would say the market is still bearish. In brief, here is my forecast for Monday's market ;
1) If the market opens between the level 3535 to 3545. Sell if the market moves up a bit ( I think those who have been following me may have the idea of how to go about it ). Careful if the market opens and starts to move up quickly and in a steep gradient, if this happens the market may go up further especially if it beats up the level between 3555 to 3563. If this happens a white bar may be formed at the end of the day. If the market opens and later beats down the level between 3514 to 3525, the market may fall further but may rebounce back.
2)If the market opens between the level 3545 to 3555 . Buy after the markets has beaten the level between 3555 to 3563.
3) If the market opens between the level 3525 to 3535. Sell after the market has beaten down the level between 3516 to 3525.
4)If the market opens between the level 3555 to 3581. Buy after the market has fallen a bit after opening or if the fall is so small, buy after 3 points above the opening level.
5)If the market opens above 3581. It is your call. I don't know what to say, man.
6)If the market opens between 3498 to 3525.It is your call and I am speecless but I think the market will end a white bar if the market opens and starts to move up without retracing back passing down the opening point.
7)You can also look for trendlines such as 3 tops ..etc. Don't forget your stop loss ...blah...blah
Well, good luck....and have a nice trading day!
Friday, June 20, 2008
Tips for Friday
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 ? )
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 ? )
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