Monday - A Dull Day for Salaried Worker-Especially the Govt Servant

Monday - 15th September 2008
9.30 a.m. - Malaysian Time
9.55 a.m. - a little bit of updating
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Last week saw 4 days of black bars and a day of white bar. If you are familiar with the so-called "swing" strategy which says that ' If you see a few days of black bars / white bars ( above 3 acending/decending bars - these bars must be among the potential 'reversal' bars ) and then comes a day that beats the last highest/lowest bar, buy/sell at this point ".

Monday to Thursday were the days where the 4 decending black bars dominated the market but Friday was the day where it beat up the last highest of the Thursday's bar. Bingo! If a buy had been placed here ( at 2360 ), you may have ended up with some profits. So if you happen to see this scenerio again, JUST DO IT!, I would say you would be right probably about 80 to 90 % ( .....err ....well, may be about 75 to 85 % ..... errr.....may be about .... ) .

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Today

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Today, I am not in a good mood ( I am just an ordinary human being too ) , so let's just be brief;

The market, in long run is still bearish but the the very very short term is bullish, ;

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1) If the market opens between 2323 to 2380. Buy after the merket has dropped to 13 points after the opening. Becareful of the false alarm, stop loss etc. If the drop is less than 10 points, buy after the market has moved up 5 points above the opening point. If the market beats the level between 2392 to 2398, the market may go further up especially if the market opens more towards the upper side of the 2323 to 2380 levels. If the market beats down the level between 2302 to 2308, the market may go down further especially if the market opens more towards the lower part of the 2323 to 2380 levels.

2) If the market opens between 2380 to 2392. Buy after the market has moved up beating the level between 2392 to 2398.If, again, the market manages to beat up the level between 2431 to 2438, the market may go further up and may end a white bar today or at least a part of the trading day.

3) If the market opens between 2313 to 2323. Sell after the market has beaten the level between 2302 to 2308.If the market manages to beat down the level between 2286 to 2291, the market may go further down. If the market retraces further passing down the level between 2265 to 2270, the market may go down further. As usual, if you see any profits, for safety sake, just liquidate it.

4) If the market opens above 2432. The market may go further up ( Currently, I don't know where to buy at this point ) and a white bar may be formed today.

5) If the market opens between 2287 to 2312. Sell after the market has moved up a "bit" and retraced 5 points below opening level.( see my previous postings for the word " a bit " )

6) If the market opens other than the above, it is your call.

7) If you are fimiliar with trendlines, look for 3 tops/bottoms , head and shoulder etc. If not , just stay away

8) Please refer to # 9 ( Thursday's Tips dated 26th June )

9) Also refer to # 9 and #10 ( Tuesday's Tips dated 1st July )

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As usual, if not sure, simply contact your broker, never to contact your sister-in-law cum lawyer.

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Have a nice trading day!

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Thursday - What a Wonderful Day

Thursday - 4th September 2008
8.30 a.m. - Malaysia Time Zone
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The CPO ( crude palm oil ) for November's contract open at 2509 and closed at 2451 yesterday. The highest was at 2550 and the lowest was at 2433.

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The market open at 2509 and fell sharply to 2500 and immediately rebounced to 2516 in less than a minute. The market then lingered at 2515 to 2516 for about a minute before retracing to the level at 2505. The market again linggered between 2501 to 2508 for quite a time. At about 10.37 a.m., the market started to move up steadily to the highest of the day before settling at 2523 before lunch. After lunch, the market started to drift to the lowest of the day at 2433 before finally settled at 2451.

If you look at my forecast yesterday (see #4 ) and had you placed a buy at 2515 ( 6 points above the opening level ) you would probably may have made a profit of between 20 to 35 points. Anyway the first 2 minutes after the opening was a false alarm ( Had you decided to buy even at this false alarm, you would still have been able to make profits).

If you refer to my forecast ( see #4), the word " drop a bit" is in fact quite relative, please refer to my previous postings for further understanding. I also did mention , see # 1, that if the market managed to beat up the level between 2536 to 2543, the market may go up and a white bar may be formed yesterday. In fact, this did not materialse.

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Today

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As usual, I am not "that prepared" to make any forecst for today. Those who have been with me may probably have the idea of to go about entering the market.

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Have a nice trading day!!!!

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Wednesday's Performance

Wednesday - 3rd September 2008
9.05 a.m. - Malaysian Time
9.20 a.m. - a little bit of up dating
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The CPO ( crude palm oil ) for September's contract open at 2500 and closed at 2484 yesterday. The highest was at 2536 and the lowest was at 2434 with a total of 102 points traded.

The performance of the CPO was greatly influenced, lately, by the performance of world's crude oil. Yesterday, the crude oil was traded the lowest since August this year.Will the CPO futures follow suit to this phenomena? Yesterday also saw the performance of the soya bean oil was traded lower. How about today ? As the strategy used in this blog is based on the opening of the market, let's look at the forecast for today's market performance.

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Today

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In the long term, the market is still bearish, so is the very very short term.

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1) If the market opens between 2445 to 2490. Sell after the market has moved up 11 to 21 points after opening or if the upwards movement is less than 10 points, sell after the market has passed 6 points below the opening level - just be extra careful, it may be a false alarm ( by the time you sell at this point, the market starts to move up ) which happens quite prequently. As usual, be careful of the false alarm and also your stop loss. If the market manages to beat up the level between 2500 to 2507, the market may move up further especially if the market opens more towards the upper side of the 2445-to-2490 levels. If you see any profits, just lock them up immediately, the market may retreat back. But if the market manages to beat up the level between 2536 to 2543, the market may move further up and a white bar may be formed at the end of the day. If the market manages to beat down the level between 2426 to 2434, the market may fall further especially if the market opens more towards the lower side of the 2445-to-2490 levels and if the market, again, beats down the level between 2399 to 2406, the market may fall further and a black bar may be formed today.

2) If the market opens between 2490 to 2500. Buy after the market has moved passing up the level between 2500 to 2507. See also the bold letters as at #1 above.

3) If the market opens between 2434 to 2445. Sell after the market has moved down passing the level between 2426 to 2434. If, again, the market manages to beat down the level between 2399 to 2406, the market may fall further and a black bar may be formed today.

4) If the market opens between 2500 to 2526. Buy after the market has drop a bit after opening, and moves up 6 points above the opening level.Be careful of the false alarm etc....

5) If the market opens between 2410 to 2434. Sell after the market has moved up a bit and retraced passing 6 points below the opening level. Be careful of the false alarm etc....

6) If the market opens above 2526 It is your call but I think the market may fall after a short while and a black bar would be formed at the end of the day

7) If the market opens below 2410. It is your call but I think the market would fall (or see also bold letters as at # 5 as above if the market opens "not that far "below the level 2410 ) further especially if the market manages to beat down the level between 2399 to 2406. If the market opens at 2400, the market may fall further at least in the early part of the trading day.

8) Also look for trendlines such as 3 tops/bottoms etc... ( if you are not familiar, better stay away from the market )

9) Please refer to # 9 ( Thursday's Tips dated 26th June )

10) Also refer to # 9 and #10 ( Tuesday's Tips dated 1st July )

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If you are not sure, just refer back to your broker.......off course not your house broker.

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Have a nice trading day!!!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Tuesday ????

Tuesday - 26th August 2008
1.00 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2660 and closed at 2600 yesterday. The highest was at 2675 and the lowest was at 2575. A range of 100 points.

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Immediately after opening, the market nose dived in a fast and steep gradient to the level at 2636 ( 24 points down ) before rebounced back beating up the opening level and shot to the highest of the day at 2675 at about 5 minutes after opening.This nose dived situation was clearly a false alarm. The market then started to fall again from the level 2675 to the level at 2610 before rebounced again to 2664 and finally settled at 2630 before lunch.

As for yesterday's market, there was a mistake made in one of my forecasts. If you refer to # 6, it states "If the market opens between below 2688". By right, it should have been " If the market opens below 2665.[ sorry guys ] ......also refer to #5 as above ( Sell after the market has moved up 10 to 21 points above the opening level or if the market moves up less than 10 points.....) ". The market open at 2660 ( below 2665), nose dived 24 points ( false alarm ) and moved up 15 points ( 10 to 21 points above the opening level ) from the opening point .

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Since I have already made a mistake, I do not think it would be appropriate for me to make any comments on yesterday's market .

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Today

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As usual, due to some reasons, I am not able to make any forecast for today. For those who have been following my blog, if any, may probably have the idea of how to go about forecasting the today's market.

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Have a nce trading day!!!!

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Monday ????

Monday - 25th August 2008
9.15 a.m. - Malaysian Time

The CPO ( crude palm oil ) for November contract open at 2725 and closed at 2715 last Friday. The highest was at 2753 and the lowest was at 2688.The market , in fact, open far too high than the Friday's forcasted levels so, no comment. As for trendlines, there was no clear pattern of what so ever.

Sometimes , one may feel frustrated after seeing the market moved in such a way that one may think " Oh! I should have placed a buy here or I should have placed a sell there.What a wasted day ". Or one may also think " Now the market is coming down, why don't I simply just sell!". But be extra careful because if you follow your this-kind of instinct, you may be right if the market keep retracing down but if the market starts to rebound or in sidelines, in long run you may end up a 'little' poorer. So the best thing to do is to follow whatever strategy that you have because you will never know where the market is heading for tomorrow. If you see a signal to sell , just sell and vise versa. If no signal, just stay away even though the market is so favourable for you to do something that is not within your strategy.

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Today

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In long term, the market is still bearish and so is in the very very short term. My forecast;

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1) If the market opens between 2700 to 2740. Sell after the market has moved up between 10 to 21 points after opening time. As usual, be careful of the false alarm and the stop loss.If , after opening, the market falls to about 26 points, the market may fall further, you can place a sell here but your stop loss should be around 15 to 25 points.If the market manages to beat down the level between 2682 to 2688, the market may fall further and a black bar may be formed today or at least in the early part of the trading especially if the market opens more towards the lower part of the 2700 to 2740's level. If the market moves up and beat the level between 2753 to 2760, the market may go further up especially if it opens more towards the upper end of the 2700 to 2740's level.Probably the market fall back in a very short time.

2) If the market opens between 2740 to 2783. Buy after the market has passed up the level between 2753 to 2760.

3) If the market opens between 2688 to 2700. Sell after the market has passedown the level between 2682 to 2688.

4) If the market opens between 2753 to 2780. Buy only after the market retrace a bit and beat 5 points above the opening level.

5) If the market opens between 2665 to 2688. Sell after the market has moved up between 10 to 21 points above the opening level or if the market moves up less than 10 points and start to retrace back, sell after the market has passed down 5 points below the opening level.

6) If the market opens between below 2688. It is your call but I think look more to selling than buying, also refer to # 5 as the above.

7) If the market opens above 2780. It is your call but I think the market may fall after opening.

8) Also look for clear pattern of trendlines .......if not familiar, just ignore it.

9) Please refer to # 9 ( Thursday's Tips dated 26th June)

10) Also refer to # 9 and # 10 ( Tuesday's Tips 1st July)

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That's about it, man. As usual, if not sure just contact your broker , he/she can give you a better advise but never contact your car mechanic, he may talk more about wheel alignment than anything else but don't be surprised he may be better than you when it comes CPO futures.......

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Have a nice trading day.

.P/S This blog only potrays the above strategy ( Opening Strategy ) . There are many other strategies that are being used besides than the above.

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