Tuesday - 22 July 2008
12.30 a.m. - Malaysian Time
The CPO ( crude palm oil ) for October's contract open at 3320 and closed at 3260 yesterday. The highest was at 3335 and the lowest was at 3197.
The market open not within the forecasted analysis as put forward yesterday, so theoritically, there was no money made yesterday. Anyway, if you look at the trendlines, there was quite a clear pattern of 3 bottoms which occured at about 12.00 noon. Those who are not familiar with 2 or 3 bottoms are advised not to use this method as it may add to confusion at times.
Today
In a very short term, the market is still in bearish position. Anyway the direction of the market today may depend on the opening point ;
1) If the market opens between 3236 to 3274. Sell after the market has moved up between 9 to 20 points after opening of the market. Be careful if the market manages to beat up the level between 3284 to 3290, the market may go further up and a white bar may be formed today or at least in the early part of the trading day. This may be prominent if the opening is nearer to the upper end of the 3236 to 3274 level.Also careful, if the market, after opening, starts to move up in a very fast and in steep gradient and if this happens the market may continue to go up further or it could also be a false alarm.
If the market manages to break down the level between 3218 to 3226, the market may go further down but may rebounce back . If you make enough profits here, just lock them up! This will be more prominent if the market opens more nearer to the lower end of the 3236 to 3274 level.
2) If the market opens between 3274 to 3284. Buy after the market has passed the level between 3284 to 3290. If these levels are broken the market may go up further and a white bar may be formed today or at least in the early part of the trading day.
3) If the market opens between 3226 to 3236. Sell after the market has passed down the level between 3218 to 3226. The market may fall further down but it may rebounce back.
4) If the market opens between 3284 to 3310. Buy here - to be safe, let the market falls a bit and buy after the market has moved up and beat 3 points above the opening point.
5) If the market opens between 3200 to 3226. Sell after the market has moved up a bit and then falls passing 3 points the opening level. If the market opens and moves up in a fast way, the market may go further up.
6) If the market open above 3310. It is your call. If the market moves up and beats the level between 3336 to 3343, the market may move further up and a white bar may be formed today.
7) If the market opens below 3200. It is your call. I don't know man but I think the market may ends a white bar.
8) If the market opens at any point and manages to beat the level between 3336 to 3343, the market may go further up especially if the market opens nearer to this level.
9) You can also look for a very clear pattern of trendlines to place your position
10) Please refer to #9 ( Thursday's Tips dated 26th June )
11) Also refer to #9 and #10 ( Tuesday's Tips dated 1st July )
That's about it, I may be wrong.....blah..blah...If you are not sure, do contact your broker but never contact your land lord ( if you have one ). He/she may like to raise the rent of your house
Have a nice trading day!!!!
Monday, July 21, 2008
Monday's Direction Today
Monday - 21 July 2008
9.15 a.m. - Malaysian Time
10.00 a.m. - a little bit of updating
10.10 a.m. - Another updating, to correct wrong figures
The CPO ( crude palm oil ) for October's contract open at 3397 and closed at 3392 on last Friday. The highest was at 3405 and the lowest was at 3358. It was a black bar and in a form of a hammer ( according to Japanese candle stick ). So no comment on that.
Today?
Last Friday, the market ended with a black bar and a hammer candle was formed. According to Japanese candle stick, it indicates that the market is in the reversal pattern. In Japanese candle stick, there are 3 types of candles which are of interest to most of the day traders which are beleived to be able to give about 75% accuracy. These are the Hammer or Hangging Man, Engulfing Bar, Dark Cloud Cover or Piercing Bar. Anyway, the realism of the reversal pattern would also depend on the opening of the market on the next session. Here are my forecast for today;
1) If the market opens between 3363 to 3393. Buy after the market has moved up and beat the level between 3393 to 3399. The market may move further up if the level between 3405 to 3410 are broken and a white bar may be formed today or at least in the early part of the trading day.
If the market moves down and beats the level between 3350 to 3358, sell here as the market may go further down but it may be short lived, the market may rebounce back. If you manage to make enough profits, lock it up quickly!
2) If the market opens between 3394 to 3406. Wait the market to fall a bit and buy after the market has moved up beating the 3 points above the opening point or if after opening, the market do not retrace not even a bit, buy after the market has beaten the level between 3405 to 3410. See also #1 ( the bold letters ).
3) If the market opens between 3405 to 3430. Buy here - for safety purposes, wait the market to fall a bit and buy after the market has moved up again and beat the opening point.
4) If the market opens above 3430. It is your call. I don't know, really.
5) If the market opens below 3350.It is your call, I don't know , really.
6) If you are not sure, you can look for a clear pattern of trendlines such as 3 tops/ bottoms etc
7) Please refer to # 9 ( Thursday's Tips dated 26th June )
8) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July )
Well, tha's it. If not sure , do contact your broker but never to contact your .......blah,blah
Enjoy your trading !!!
9.15 a.m. - Malaysian Time
10.00 a.m. - a little bit of updating
10.10 a.m. - Another updating, to correct wrong figures
The CPO ( crude palm oil ) for October's contract open at 3397 and closed at 3392 on last Friday. The highest was at 3405 and the lowest was at 3358. It was a black bar and in a form of a hammer ( according to Japanese candle stick ). So no comment on that.
Today?
Last Friday, the market ended with a black bar and a hammer candle was formed. According to Japanese candle stick, it indicates that the market is in the reversal pattern. In Japanese candle stick, there are 3 types of candles which are of interest to most of the day traders which are beleived to be able to give about 75% accuracy. These are the Hammer or Hangging Man, Engulfing Bar, Dark Cloud Cover or Piercing Bar. Anyway, the realism of the reversal pattern would also depend on the opening of the market on the next session. Here are my forecast for today;
1) If the market opens between 3363 to 3393. Buy after the market has moved up and beat the level between 3393 to 3399. The market may move further up if the level between 3405 to 3410 are broken and a white bar may be formed today or at least in the early part of the trading day.
If the market moves down and beats the level between 3350 to 3358, sell here as the market may go further down but it may be short lived, the market may rebounce back. If you manage to make enough profits, lock it up quickly!
2) If the market opens between 3394 to 3406. Wait the market to fall a bit and buy after the market has moved up beating the 3 points above the opening point or if after opening, the market do not retrace not even a bit, buy after the market has beaten the level between 3405 to 3410. See also #1 ( the bold letters ).
3) If the market opens between 3405 to 3430. Buy here - for safety purposes, wait the market to fall a bit and buy after the market has moved up again and beat the opening point.
4) If the market opens above 3430. It is your call. I don't know, really.
5) If the market opens below 3350.It is your call, I don't know , really.
6) If you are not sure, you can look for a clear pattern of trendlines such as 3 tops/ bottoms etc
7) Please refer to # 9 ( Thursday's Tips dated 26th June )
8) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July )
Well, tha's it. If not sure , do contact your broker but never to contact your .......blah,blah
Enjoy your trading !!!
Thursday, July 10, 2008
Today?
Thursday - 10 July 2008
8.45 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3470 and closed at 3515 yesterday. The highest was at 3521 and the lowest was at 3439.
If you refer to my forecast yesterday ( see # 1 ), the opening was at 3470 and about 20 points from 3490 ( see # 1 ) , so you have 2 options here ; either to sell or stay away from the market :
1) Had you decided to enter the market , say by shorting at at 3477 - 7 points from opening with 10 to 15 points stop loss or at any points between 7 to 10 points from opening level - you probably would have made some good profits ( the market then fell to the lowest level at 3439 before climbing up again to close to almost the highest of the day ).
2) Had you decided to stay away from the market as you were not sure whether the market might move up to beat the level between 3490 to 3497 or not ( which indicated the market might go further up - in fact it did in the afternoon ) then you would be just fine. Don't worry, be happy ( just like a song in the 90's )
As for today, you just figure it out.
Have a nice trading moment today
8.45 a.m. - Malaysian Time
The CPO ( crude palm oil ) for September's contract open at 3470 and closed at 3515 yesterday. The highest was at 3521 and the lowest was at 3439.
If you refer to my forecast yesterday ( see # 1 ), the opening was at 3470 and about 20 points from 3490 ( see # 1 ) , so you have 2 options here ; either to sell or stay away from the market :
1) Had you decided to enter the market , say by shorting at at 3477 - 7 points from opening with 10 to 15 points stop loss or at any points between 7 to 10 points from opening level - you probably would have made some good profits ( the market then fell to the lowest level at 3439 before climbing up again to close to almost the highest of the day ).
2) Had you decided to stay away from the market as you were not sure whether the market might move up to beat the level between 3490 to 3497 or not ( which indicated the market might go further up - in fact it did in the afternoon ) then you would be just fine. Don't worry, be happy ( just like a song in the 90's )
As for today, you just figure it out.
Have a nice trading moment today
Wednesday, July 9, 2008
Wednesday's Heading
Wednesday - 9 July 2008
9.30 a.m. - Malayisian Time
The CPO ( crude palm oil ) for September's contract open at 3477 and closed at 3454 yesterday. The highest was at 3534 and the lowest was at 3454. No comment on that
Today
In medium term, the market is bearish, so is the very very short term. My forecast for today is as follows;
1) If the market opens between the level 3454 to 3480. Sell if the market moves up between 7 to 10 points from opening point. Becareful here, the market is now below 3480 which indicates that the market may go up sooner or later and if this happens especially after beating up the level between 3490 to 3497 , the market may end a white bar today. If you are not sure, just stay away from the market.
2) If the market opens between 3480 to 3490. Buy after the market has moved up and passed the level between 3490 to 3597.The market may go up further if the level between 3535 to 3560 are broken.
3) If the market opens between 3490 to 3518. Buy after the market has retraced a bit after opening or/and after the market has moved up between 5 to 10 points from the opening point. The market may move further up if the level between 3535 to 3560 are to be broken.
4) If the market opens above 3518. Please refer to the bold leters as at #3
5) If the market opens below 3454. It is your call. The market may go up today but I don't know where to suggest for the buy position.
6) You can also look for a clear pattern of 2 or 3 bottoms to long especially if the market has passed down the level 3454.
7) Please refer to # 9 ( Thursday's Tips dated 26 June )
8) Please also refer to # 9 and # 10 ( Tuesday's Tips dated 1 July )
Well, that's about it. If not sure , contact your broker and never refer to any blogger ( including me? )
Have a nice trading day
9.30 a.m. - Malayisian Time
The CPO ( crude palm oil ) for September's contract open at 3477 and closed at 3454 yesterday. The highest was at 3534 and the lowest was at 3454. No comment on that
Today
In medium term, the market is bearish, so is the very very short term. My forecast for today is as follows;
1) If the market opens between the level 3454 to 3480. Sell if the market moves up between 7 to 10 points from opening point. Becareful here, the market is now below 3480 which indicates that the market may go up sooner or later and if this happens especially after beating up the level between 3490 to 3497 , the market may end a white bar today. If you are not sure, just stay away from the market.
2) If the market opens between 3480 to 3490. Buy after the market has moved up and passed the level between 3490 to 3597.The market may go up further if the level between 3535 to 3560 are broken.
3) If the market opens between 3490 to 3518. Buy after the market has retraced a bit after opening or/and after the market has moved up between 5 to 10 points from the opening point. The market may move further up if the level between 3535 to 3560 are to be broken.
4) If the market opens above 3518. Please refer to the bold leters as at #3
5) If the market opens below 3454. It is your call. The market may go up today but I don't know where to suggest for the buy position.
6) You can also look for a clear pattern of 2 or 3 bottoms to long especially if the market has passed down the level 3454.
7) Please refer to # 9 ( Thursday's Tips dated 26 June )
8) Please also refer to # 9 and # 10 ( Tuesday's Tips dated 1 July )
Well, that's about it. If not sure , contact your broker and never refer to any blogger ( including me? )
Have a nice trading day
Thursday, July 3, 2008
Thursday is Only a Day
Thursday - 3 July 2008
8.40 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures' contract for September open at 3595 and closed at 3616. The highest was at 3626 and the lowest was at 3581.
Sorry Mike, yesterday there was an error on my yesterday's forecast ( see #2 & # 3), the number 3515 should have been written as 3615. Sorry again it was unintentional.( Those who have been following my blog may probably have noticed this )
The market open at 3595 at 10.30 a.m. , moved up a bit and fell to the level at 3581 (the lowest of the day ) and a few minutes later it moved up again ,at about 10.45 a.m., to the the level at 3621 just before the lunch break. If you look at my forecast yesterday ( see #2 - Buy after the market has dropped a bit or / and after the market has moved up a bit ), had you bought at, say at 10 points below the opening level or at 10 points above the opening level, you could have made quite a good profits. If you decided to buy at 10 points above the opening, you have to be extra careful as it was already at 12.00 p.m. As a day trader, you have only half an hour to trade before the lunch time. As for the trendlines, there was no clear pattern of 2 or 3 tops or head & shoulder or any other patterns.
Today
Sorry Mike, no forecasting for today
Anything, consult your broker....but becareful if you broker is a young guy. He may have been there just only a few months and he is already talking about fututres ? And advising you ?
Have a nice trading day.....
8.40 a.m. - Malaysian Time
The CPO ( crude palm oil ) futures' contract for September open at 3595 and closed at 3616. The highest was at 3626 and the lowest was at 3581.
Sorry Mike, yesterday there was an error on my yesterday's forecast ( see #2 & # 3), the number 3515 should have been written as 3615. Sorry again it was unintentional.( Those who have been following my blog may probably have noticed this )
The market open at 3595 at 10.30 a.m. , moved up a bit and fell to the level at 3581 (the lowest of the day ) and a few minutes later it moved up again ,at about 10.45 a.m., to the the level at 3621 just before the lunch break. If you look at my forecast yesterday ( see #2 - Buy after the market has dropped a bit or / and after the market has moved up a bit ), had you bought at, say at 10 points below the opening level or at 10 points above the opening level, you could have made quite a good profits. If you decided to buy at 10 points above the opening, you have to be extra careful as it was already at 12.00 p.m. As a day trader, you have only half an hour to trade before the lunch time. As for the trendlines, there was no clear pattern of 2 or 3 tops or head & shoulder or any other patterns.
Today
Sorry Mike, no forecasting for today
Anything, consult your broker....but becareful if you broker is a young guy. He may have been there just only a few months and he is already talking about fututres ? And advising you ?
Have a nice trading day.....
Wednesday, July 2, 2008
Wednesday's Direction
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!
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!
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.
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