CPO: Hope ?

The CPO ( Crude Palm Oil) futures for January contract open at 2260 and closed at 2246 last Friday. The highest was at 2254 and the lowest was at 2230. The market ended lower with a black bar with a difference of a point from the day before.

The market did not open within the one of the suggusted forecasts, so no action for last Friday! In fact for the past one week, not even one trade was in action! No action means no money was lost........yabadabadoo...

Today

The forecast for today ;

1) If the market opens between 2241 to 2256. Sell after the market has moved up 7 points above the opening level.

2) If the market opens between 2257 to 2262. Buy after the market has moved up passing the levels between 2267 to 2272.

3) If the market opens between 2230 to 2240. Sell after the market has fallen down passing the levels between 2220 t 2225.

4) If the market opens between 2247 to 2252 ( overlapping to #1). Sell after the market has dropped passing down the levels between 2236 to 2241.

5) If the market opens between 2215 to 2229. Sell after the market has moved up a bit and then falls 5 points below the opening level.

OR ( before 11.40a.m.)

6) If the market opens between 2230 to 2265. Sell after the market has broken the level 2229 and then moves up to the levels between 2260 to 2265.

7) If the market opens between 2220 to 2229. Sell after the market has moved up to the levels between 2260 to 2265.

8) If the market opens other then the above, it is your call...

9) Also refer to my posting dated 12th January , see #6.

If you are not sure, just contact your dealer or the person as in the picture above..... ( looks quite fimiliar, don't you think so?).....

Have a nice trading day, guys....

P/s .....no p/s today....

8.47am

CPO : A New Breakout

The CPO ( crude Palm Oil ) futures for January contract open at 2210 and closed at 2260 yesterday. The highest was at 2273 and the lowest was at 2207. The market ended higher with a white bar and was a seller's market.

The market did not open within the suggested forecast and in fact it managed to beat up the highest of the last date of 23rd of October's performance.

Today

Theoritically, after the market has broken into a new high, the market is expected to move further high despite a few corrections along the way. Anyway, today's direction still depends on the opening of the market today.

1) If the market opens between 2235 to 2262. Buy after the market has dropped 11 points after the opening. Make sure that this 11 points down does not exceed the level 2224 and below. More significant if the market opens more towards the upper level of the 2235-to-2262 levels.
2) If the market opens between 2224 to 2234. Sell after the market has retraced beating down the levels between 2214 to 2219.
3) If the market opens between 2209 to 2223. Sell after the market has moved up a bit and then falls 5 points below the opening level. The market may fall further if the levels between 2197 to 2202 are broken.

OR ( before 11.40 a.m )

4) If the market opens between 2224 to 2240. sell after the market has broken down the level 2233 and then moves up to the levels between 2236 to 2239.
5) If the market opens between 2210 to 2223. Sell after the market has moved up to the levels between 2236 to 2239.
6) Also refer to my posting dated 12th January, see #6


Have a nice trading day, guys....

P/s I am not in a high spirit today...

8.54am

CPO: Am I Running Out Of Luck?

The CPO futures' market for November contract ( actually it should be the December contract ) on 16th September was open not within the forecasted levels. So, as usual, there should be no comment on the matter.

The setback of using this "Opening Strategy" is that if the market opens not within one of the suggested forecasts, then a day of trading would be wasted. If this happens for several days, it would mean more days would be wasted. So it is suggested that a person should have multiple of strategies so that if one strategy does not work, he still has other methodologies to follow.

Today

As for today and a few days next week, I am going for a short days off for my Hari Raya, so I would rather feel not to do any forecast for today. Further more I could see that lately the volatility of the market has not been very encouraging.

Have a nice trading day guys.....

Selamat Hari Raya

1.00am

Cpo: Temporary Reversal?

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Last Friday, the CPO ( crude palm oil) futures for November contract open not within one of the suggested forecasts. So , due to this, I am not going to give any comment on the matter.

Today

In short term the market is bearish now, so the forecast for today would be as follows ;

1) If the market opens between 2080 to 2097 . Sell after the market has moved up 8 points above the opening level.
2) If the market opens between 2103 to 2115. Buy after the market has passed the levels between 2120 to 2126.
3) If the market opens between 2070 to 2079. Sell after the market has passed down the levels between 2060 to 2065.
4) If the market opens between 2045 to 2065. Sell after the market has moved up a bit and then falls 6 points below the opening level.
5) If the market opens other than the above, it is simply your call......
6) Also refer to my posting dated 12th januaryt, see #6.

If you are not sure just contact Muntader al Zeidi, he might be able to help you.

Have a nice trading day, guys...

8.05am

CPO : Soy Bean Down

The CPO ( Crude Palm Oil ) futures for October contract open at 2300 and closed at 2325 yesterday. The highest was at 2345 and the lowest was at 2275. The market ended lower with a white bar.

Having open at 2300, the market immediately moved up to 2308 and then fell to 2275, the lowest of the day, before moving up again to settle at 2293 before lunch break. In the afternoon, the market kept climbing up to 2345, the highest of the day, before finally closed at 2325.

If you look at my forecast yesterday, see # 3, after the market open, it moved up a bit ( 8 points ) and then fell to 25 points after the opening to the lowest of the day. If , say, you had placed a sell position at 2294, you would probably have been able to make profits between 10 to 19 points. As in a day trading, the moment you see some profits, it is better for you to lock them up before the market goes against you because if you decide to prolong, you may not end up to what you may expect it to be.

Today

As for today, I'd like to take a rest from doing any forecasting....yabadabadooo..

Have a nice day and enjoy your trading, guys.....

3-8.40am

CPO Market Directionless?

The CPO ( Crude Palm Oil) futures for October contract open at 2090 and closed at 2098. The highest was at 2116 and the lowest was at 2085. The market ended lower and was a white bar.
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The market open within the forecasted level but it did not really follow what was suggested.

Today

In long term, the market is still bearish ( see enclosed chart ) but the very very short term, the market looks like it is bullish now. The forecast for today;

1) If the market opens between 2106 to 2116. Buy after the market has managed to pass the levels between 2122 to 2127. If this happens, the market may go further up and may end up a white bar or at least in the early part of the trading day.
2) If the market opens between 2089 to 2099. Sell after the market has passed down the level between 2079 to 2084. If the market manages to pass down the levels between 2073 to 2078, the market may fall further.
3) If the market opens between 2065 to 2083. Sell after the market has moved up a bit and then falls 5 points below the opening level.
4) If the market opens other than the above, it is up to you guys......how do I know anyway.
5) Please refer to my postiong dated 12th January ( see # 6)


If you are not sure, just contact your dealer but not your maid....she is more interested in going back to her country, be it Indonesia or Philiphines...

Have a nice trading day guys.


P/s. Netanyahu, the PM of Israel, says he is ready to attack Iran at any time. When it comes to Iran, Israel is just like Nato ( No action, talk only)


3-8.40am

Where About Now

The CPO ( Crude Palm Oil ) futures for September contract open at 2268 and closed at 2336 yesterday. The highest was at 2340 and the lowest was at 2267. The market ended higher with a white bar.


The market open at 2268, immediately dropped a point to 2267 , the lowest of the day, and
then moved up to 2315 before closing at 2315 again before lunch. In the afternoon, the market kept moving up to the highest of the day at 2340 before finally settling down at 2336. ( see enclosed graph ).

If you look at my forecast yesterday ( see #1), the market open exactly at 2268 and managed to beat up the levels 2291 to 2296 at about 10.40a.m. If you were to place a buy position here as suggested, you would probably have made profits from 15 to 20 points just before lunch and had you decided to prolong in the afternoon, the profits could be from 15 to 50 points. How about me ? You may ask. Well, if you could regain your loss on the day before yesterday plus some profits, what more can you say. The market did beat up the levels between 2304 to 2310 ( see #1 ) and also move further up.


Have a nice trading day, guys....


P/s ......????

8-9.50a.m.

Tuesday - 31th March 2009
8.30 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for June contract open at 1967 and closed at 1970 yesterday. The highest was at 2005 and the lowest was at 1961. The market ended a white bar.

Since the market open not within the forecasted levels, I think I better focus on the forecast for today.
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Today
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In short term, the market is bearish and so is the very very short term. The forecast for today is as follows;

1) If the market opens between 1961 to 1982. Sell after the market has passed down the levels between 1949 to 1956. Be careful of the false alarm and if you see any profits, just lock them up!
2) If the market opens between 1941 to 1950. Sell after the market has moved up a bit and then falls passing 6 points below the opening level.
3) If the market opens below 1940, the market may fall further.
4) If the market opens between 1995 to 2005. Buy after the market has moved up beating the levels between 2010 to 2017.
5) If the market opens above 2016, the market may go up further.
6) If the market opens other than the above, it is your call, you can do whatever you like.
7) Please refer to # 6 ( see posting dated 12th January 2009 ).
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If you are not sure , just contact your dealer but not Nethanyahu because......
Do you think the so-called Holocaust did really happen ? Or just another propaganda by the Jews?
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Have a nice trading day, guys....
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9

Volume - Primary Importance ?

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Tuesday - 23rd December 2008
9.00 a.m. - Malaysian Time
9.10 a.m. - A little bit of updating

Every time you contacted your broker ( dealer ) and asked for his/her opinion regarding the market, he/she would say that the market was not 'good' because the volume 'was not there'. Do you think the volume does really do the trick?

I do not really know for sure but as for me whenever I trade I seldom look at the volume. The most important thing to look at is the variance between the highest and the lowest of the prices. If the variance is high ( some say the volatility ), then it is good to trade. If not then it is not worth while to trade. The reason is simple, if you are to follow the volume concept which indicates that high volume means high activities and high activities mean high volatility, then there are times where the volume is large but the market do not move tally to the volume's movement. On the other hand, there are times where the volume is small but the price range is large. So the volume does not really act as a factor but more as an indicator.

Today

Should I do the forecasting for today ? Well......er... the volume is.....er.. tentatively, getting smaller every day due to the incoming of Christmas and end of the year holidays. Since, as I pointed earlier, that the volume is not the determinance, so my forecast for today is as follows;

1) If the market opens between 1578 to 1596 . Buy if the market manages to pass the levels between 1597 to 1604. If these levels are beaten up, the market may go further up and a white bar may be formed at the end of the day or at least in the early part of the trading day today. If the market manages to beat down the levels between 1561 to 1571, the market may fall further down and a black bar may be formed today.
2) If the market opens between 1597 to 1620. Buy after the market has fallen a bit and then moves up 5 points above the opening level.
3) If the market opens between 1553 to 1577. Sell after the market has gone up a bit and then retraces 5 points below the opening level. If the market manages to beat down the levels between 1561 to 1568 ( i.e. if the market opens higher than 1568, off course ), the market may fall further down and a black bar may be formed today.
4) If the market opens other than the above, it is your call or may be you can do some preparation for the coming Christmas.
5) If you are fimiliar with trendlines , look for 3 tops/bottoms etc...if not see bold letters as #4
6) As usual, please refer to # 9 ( Thursday's Tips dated 26th June)
7) Also refer to # 9 and # 10 ( Tuesday's Tips dated 1st July )

That's about it. If not sure just contact your dealer/broker or may be Santa !

Enjoy your trading moment!
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Today is Thursday - What Is Your Expectation?

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Thursday – 18^th December 2008

8.00 a.m. – Malaysian Time

8.30 a.m. - A little bit of updating

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The CPO ( crude palm oil) futures for March’s contract open at 1561 and closed at 1580 yesterday. The highest was at 1586 and the lowest was at 1548. A difference of 38 points.

The market open at 1561, moved up a bit ( 1 point only ) and then fell to 1555. The market then linggered between 1555 to 1560, which showed that the fall was not a false alarm, for about 6 minutes before shooting up to 1583. The market then started to retrace to settle at 1563 just before lunch. In the afternoon, the market fell to the lowest of the day and then moved up again to the highest of the day before finally settling at 1580.

If a buy position had been taken at this linggering situation, say at 1556, ( see my forecast at #1 yesterday – buy after the market has dropped about 5 to 9 points after opening - the market in fact , dropped 6 points ) a profit of between 15 to 20 points could have been made. The market, did also manage to beat up the levels between 1570 to 1577 ( see also # 1) and it ended a white bar yesterday.

Have a nice trading day!

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Friday - Last Day of The Week

Friday - 7th November 2008
9.45 a.m. - Malaysian Time

The CPO ( crude palm oil ) futures for January's contract open at 1575 and closed at 1599 yesterday. The highest was at 1607 and the lowest was at 1548.

Since the market open not within the forecasted analysis, so I definiately could say that there was no money acquired yesterday. I did forecast that if the market were to open below 1599, the market would fall further but that did not happen. Anyway, there was a very clear pattern of 3 tops which the 3rd top occurred at 1607.

Today

In the long run, the market is still bearish but the very short term, I would say that the market is bullish. My forecast for today;

1) If the market opens between 1573 to 1597 - Buy after the market has retraced 8 to 17 points from the opening level. It would be more significant if the market opens more towards the upper end of the 1573 to 1597 levels. As usual, be careful of false alarm and do not forget your stop loss. If the market manages to beat the level between 1608 to 1615, the market may go further up. If the market manages to bet down the level between 1555 to 1562, the market may fall further. After opening, make sure your 8 to 17 points retracement does not pass down the level 1562.

2) If the market opens between 1597 to 1607 - Buy after the market has moved up passing the level between 1608 to 1615.

3) If the market opens between 1563 to 1573. Sell after the market has passed down the level between 1555 to 1562

4) If the market opens between 1608 to 1632 - Buy after the market has retraced a 'bit' and then moves up passing 5 points above the opening level.

5) If the market opens between 1548 to 1562 - Sell after the market has moved up a bit and then retraces 5 points below the opening level. The market may fall down further if it manages to beat down the level between 1533 to 1541.

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

7) If the market opens below 1540 - It is again your call. Any way, I would say the market may retrace further down and a black bar may occur today or at least in the early part of the trading day. Till this moment I still do not have the mechanism on how to enter the market, so very bad of me!!!!!

8) Also look for trendlines.....if not sure..just stay awayyyyyyyy

9) Please refer to #9 ( Thursday's Tips dated 27th June)

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

Well, have a nice trading day.
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Bad or Good News? - Prime Minister Is To Resign This March

Thursday - 9th October 2008
8.25 a.m. - Malaysian Time
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The CPO ( crude palm oil ) futures for December contract open at 1880 and closed at 1775 yesterday. The highest was at 1897 and the lowest was at 1755. It was a black bar.

The market open at 10.30 a.m. and immediately it fell to 1860 at 10.31 a.m. At 10.34 a.m., the market fell further to 1850 and then started to climb up back again to 1862 at about 10.40 a.m.The market then moved up further to the highest of the day before settling at 1885 before lunch.After lunch, the market continued its downwards movement and finally settled at 1775. This has clearly shown that the fall of the market, just after opening, was not a false alarm due to its steadiness in the price movement and the time taken. If you look at my forecast yesterday ( # 1 and # 2), you would be at the cross road here ; either to follow the # 1 forecast or the # 2 forecast.

If you were to follow the # 1 ( long at ,say, 1867 with 20 points stop loss), you would probably have made about 20 to 29 points of profit. If you were to follow the # 2 forecast, you would have just remainded the same because the market did not even touch the 1898 level.

The market also managed to fall further after the level between 1800 to 1806 ( see # 1) had been able to be broken through.

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Today

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As usual, no forecast for today. Those who have been following my blog, may probably have the idea of how to enter the market.

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Have a nice trading day.

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Monday ?

Sunday - 10th August 2008
4.40 p.m. - Malaysian Time

Last Friday, the CPO ( crude palm oil ) futures for October contract open at 2806 and closed at 2779. The highest was at 2864 and the lowest was at 2767.

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If you look at my forecast last Friday , see # 1 , which stated " If the market opens between 2790 to 2840..........or if the market falls less than 10 points, buy after the market has moved up passing 5 points above the opening level". The market , in fact, open at 2806 and immediately fell to 2798 and moved up again to 2812 ( passing up 5 points above the opening level )before retracing down again to 2798.The movement of the market was very fast and it was a false alarm.At about 10.34 a.m., the market started to move up and down again in a stable movement passing up the opening level ( more than 5 points above the opening level ) and then shot up to the highest of the day before settling at 2848 before lunch break. Had a buy position been placed, say at 2812 ( 6 points above the opening level or even after the false alarm ), a lucrative profits of more than 50 points or a minimum of at least 20 points could have been made. This could have covered the last "3-wasted-days" of zero income ( see the forecasts on last Tuesday, Wednesday and Thursday ).

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Tomorrow ( Monday )

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As usual, due to some reasons, I am not able to do any forecasting for this Monday.

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So have a nice trading day!!!!

/

/

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!!!!!!

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.

Monday's Mood

Monday - 26 May 2008
9.15 a.m. - Malaysian Time ( market opens at 10.30 a.m. )

The CPO market for August on last Friday open at 3575 and closed at 3654. The highest was at 3658 and the lowest was at 3570. Since there was no forecasting made for last Friday market movement , then there will be no analysis to be made on the matter.

Today

So how about today ? In a very very short term, the market is still bullish;

1) If the market opens between the points 3627 to 3657, buy after the market opens and drops between 7 to 20 points from opening. Don't forget your stop loss.Be careful if the market opens and drops steeply and immediately after opening, it could be a false alarm. Take position only after the second attempt.Also beware if the market beats down the level between 3608 to 3616. If this happens, the market may fall further down ( especially if the market opens more towards the lower part of the suggested level as above ). If you are not sure of entering the market, look for trendlines such 2 or 3 bottoms, inverted head and shoulder etc..

2) If the market opens between the level 3617 to 3627, sell after the market beats down the level between 3608 to 3616.If this occurs, the market may fall further and a black bar may be formed at the end of the day or at least in the early part of the trading ( goes down and later goes up again just enough to make some profits ).

3) If the market opens between the level 3590 to 3617, sell after the market opens and goes up between 7 to 20 points after opening. Be careful if the market opens and moves up in a fast and steep movement, it could be a false attempt. Try on the second attempt. Don't forget your stop loss. If not sure, look for trendlines such as 2 or 3 tops or head and shoulder etc...

4) If the market opens between 3657 to 3684, refer to #1 as above except that if the market moves up and beats the point 3700, the market may go further up or at least, it would go up and fall back, just enough to make some quick profits.

5) If the market opens above 3685, the market may ends a black bar today but if it moves further up and beats the level 3700 , the market may go further up and a white bar may be formed today or the market may fall back, just enough for you to take some qucik profits. It is your call to take position here.

6) If the market opens below 3590 , the market may end a white bar or at least the market would fall and later go up again just enough to make some profits. But if the market moves further down beating the level between 3560 to 3565 ( can sell here ), the market may go further down and a black bar may be formed toaday or at least or may go up agin, just enough for you to make some profits.

7) If you are not sure, you can look for a very clear formation of trendlines before placing your position.

That's about it. I could be right or could be wrong, I have.....blah blah blah balh.... If not sure.......contact anybody you like or not at all.

Have a nice trading day!

Thursday's Whereabout

Thursday - 15 May 2008
9.30 a.m. - Malaysia Time Zone
10.05 a.m. - a little bit of updating

CPO contract for July open yesterday at 3565 and closed at 3558. The highest of the day was at 3612 and the lowest was at 3543. Since I did not make any forcast yesterday, so I have no comment on that.

Anyway, I made a forecast on last Tuesday's performance so I would like to "say" something on the matter.
The market on last Tuesday open at 3570 and closed at 3532. The highest was at 3570 and the lowest was at 3529. If you refer to my forecast on that Tuesday morning (see #3 ), the market open at 3570 and immediately retraced and beat down the level between 3550 to 3555. Later the market did retrace further down ( as forecasted ) except it did not go up again.. Had a sell been put here, say at 3550, a profit of 15 to 20 points could have been made. Anyway, the first beating (down ) of the level between 3550 to 3555 was a false alarm because , after opening, the market went down in a very fast way.

Today

In a very short term, the market is still in bearish position.

1) If the market opens between the level 3553 to 3600. Sell after the market has moved up about 10 to 22 points from opening point. Be careful if the market opens and moved up in a very fast way, it could be a false alarm. Put a stop loss of about 10 to 15 points from the selling points. If you decide not to put a sell here, look for a clear formation of 3 tops/ head and shoulder before shorting ( it will be more safer ). If the pattern is not clear, just stay away.

Also be careful if the market beats up the level between 3613 to 3620. If this happens, the market may go up further and a white bar could be formed today or it will go up at to a certain level and may fall down again.So just be elert especially if the market opens more towards to the level nearing 3600 as the chances of going up and beat the level 3613 to 3620 is quite great ( for experience trader, can look to buy here ).

If the market opens and later retraces down beating the level between 3530 to 3542, the market may go down further and may fill the gap between last Tuesday's bar and last Friday's bar. If this happens, the market may be a black bar today. So just be careful especially if the market opens more towards the level 3552 as the chances of beating down the said level would be higher ( experience guy, can short here ).

2) If the market opens between 3600 to 3612, buy after the market passes the level between the level 3613 to 3620. Be careful of the first false alarm., stop loss etc...

3) If the market opens between 3543 to 3553, sell after the market retraces and beats down the 3530 to 3542.Be careful about the first false alarm., stop loss etc...

4) If the market opens between 3612 to 3665, buy after the market has retraces down a "little bit" ( experience is important here ) and moves up again beating the opening ( 3 points after opening point )

5) If the market opens between the level 3520 to 3543, do the opposite way of # 4 as above.

6) If the market opens not within the level that have been mentioned as above, it is your call.

7) Also look for clear paterrn of trendlines such as 3 tops/bottoms etc whereever appropriate.

As I said earlier, there are other methods of trading which have a better chance of winning but it is quite hard to explain here ( as it needs charts and graphs ). May be some other time.

So that is my forecast, I may be right and I may be wrong, I have been wrongs and rights for many times... If in doubt... never contact your mother-in-law.

Have anice trading.

Today's Direction

Wednesday - 7 May 2008
9.20 a.m. - Malaysian Time

The CPO market for July open yesterday at 3428 and closed at 3387. The highest was at 3432 and the lowest was at 3370.

Today

In a very short term, I would say the market is still bearish. Any way today's direction may be determined by these factors;

1) If the market opens between 3380 to 3400 and later beats down the level between 3364 to 3358, the market may fall further ( can put a sell here ) and may fill the gap between yesterday's bar and the last Friday's bar.If this happens the market would end a black bar today.If , after filling the gap ( either half or a part of it ) and starts to move up again and closes within the said gap, the market could be sidelines after today.If the market opens within the level as pointed out as above and later moves and beats the level 3433 to 3440, the market may move further up and a white bar may be formed today ( best if opens more towards to the level nearing 3440 )

2) If the market opens between 3345 to 3370, the market may retrace further down. Put a sell after the market moves up ( after opening, off course ) a little before retraces down again.

3) If the market opens below 3345 , it is your call

4) If the market opens between 3400 to 3433 and then moves up beating the level 3433 to 3439, the market may go up further ( can long here ) and may end a white bar today. If this does not happens , the market may be in sidelines after today.

5) If the market opens above 3448, it is your call

6) If the market opens between 3380 to 3370 and then beats down the level 3370 to 3366, the market may retraces further ( can put a sell here )

7) If the market opens between 3400 to 3408 and beats up the level 3410 to 3416, the market may go up further ( can long here ). Any way just be careful here, it could be a false alarm here.

Well, that's about it. If in doubt , contact your wife......
Have a nice trading.

Monday Forecast

Sunday - 27 April 2008
12.55 p.m. - Malaysian Time
10.05 a.m. ( Monday - 28 March 2008 ) - updated

The CPO futures for July's contract on last Friday open at 3440 and closed at 3419. The highest was at 3445 and the lowest was at 3388. Since the market open not within the level which I have forecasted, then it is better for me not to evaluate on the matter. Even though the urge to enter the market is so strong, sometimes we have to forego the intention because the opening of the market is not within our forecasted analysis. It is better not to make money on a particulr day rather than losing some of it without proper analysis of the market. It means that the self deciplain is very important here.

Tomorrow ( Monday )

So what is for on Monday? In a very short term, I would prefer to say the market is still bearish but again the direction of the market would probably depend on the opening of the day;

1) If the market opens between the level 3390 to 3418 , the market is expected to move further down. Look for trendlines such as 2 tops / head and shoulder etc..before putting a sell but if the market moves up and beats up the level between 3434 to 3440 the market may go up further and a white bar could be formed at the end of the day or at least the market would go up higher before retraces down.As a day trader, liquidate your position a while after seeing profits. If , after opening, the market moves up in a fast and steep gradient and then beats the level which I have mentioned just now, be careful it could be a false alarm.Look for a second attempt.Use lightning strategy before putting a long position.

2) If the market opens between 3390 to 3384 and later moves down beating the level 3380 to 3385 , the market may retrace down and at a certain level may bounce back. If it moves in a fast and steep gradient, be careful it could be a false alarm, try on a second attemp. Look for 2 bottoms here before you long. The best is to use lightning strategy or "beat the last previous high ". Here you could probably wait a while ( after the market has moved up ) before liquidating your position.Any way, just be extra careful if the market manages to beat the level between 34 70 to 3479, it could also lead to a further down. if you are not sure what to follow, just stay away.

3) If the market opens below 3360, it is your call

4) If the market opens between the level 3430 to 3445 and then moves up beating the level between 3445 to 3450 , the market may go up further and a white bar could be formed today ( also refer #1 as above ). If after opening here, the market retraces down 5 to 10 points and later moves up beating 3 points above the opening point, just buy here!

5) If the market opens above 3454 and above , it is your call.

Well, that is my forecast for tomorrow. I may be wrongs and I have been wrongs.....( sound familiar, isn't it? )

Have a nice trading day

Wednesday's Where About

Wednesday - 9 March 2008
12.45 a.m. - Malaysian Time

2 days back, I posted my forecast to my blog and it got through. Anyway you are only able to view my latest blog if you are using Firefox Browser. If you are using Microsoft Internet Browser, you may not be able to view the blog. I just wonder why ( Y?)

The market yesterday open at 3340 and closed at 3375. The highest was at 3397 and the lowest was at 3340. The range per day has reduced to less than 100 points per day for the past 4 days. For small investors, may be this is the moment they have been waiting for because it is not just being the range but also the spread which is also small.

Today

To those persons out there ( if there is any) who still like to "listen" to my forecast, here is my analysis for today's market;

1) In very short term, the market is still in bullish scenerio but if today's market passes down the level between 3348 to 3354, the market may fall further but may also rebound back. But if it passes down further the level 3335 to 3340, the market may retrace further down. A black bar may be formed today.

2) If the market, after opening especially if the market opens almost to the highest of yesterday's , passes the level between the 3397 to 3402, the market may go up further and may fall back. Look for 2 or 3 tops before shorting.

Yesterday's market was said to be in the indecision situation.