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!
Monday, May 26, 2008
Thursday, May 22, 2008
Thursday's Heading
Thursday - 22 May 2008
8.45 a.m. - Malaysian Time
The CPO's contract for August open at 3548 and closed at 3557 yesterday.The highest was at 3580 and the lowest was at 3525.
If you look at my forecast yesterday ( #1), the market open at 10.30 and immediately , by 10.31 a.m., the market fell beating the level 3528 to 3536. After reaching 3525 , the market rebounce to 3555. It was a false alarm.Had the market , on the second attempt, beat down the level 3525, the market would have gone down further.
As I mentioned earlier , if a buy position had been able to be placed " a little bit" after opening i.e. after the false alarm, a handsome profits could have been made.The market later also shot up to the highest at 3580 and before retracing down ( see also # 3 ).
There was also a clear formation of 2 tops after 4.30 p.m. ( you must be able to distinguish between the 2 tops and 3 tops because it can be quite confusing ). Well , you could have made, at least, 2 entries yesterday.
Today
In a very short term, the market is said to be bullish.
Due to some reasons, I am not able to do any forecasting today. Those who have been following my blog probably may have the idea of entering and exiting the market.
As usual, if you are not sure.....please, never to contact any politician.
Hav a nice trading
8.45 a.m. - Malaysian Time
The CPO's contract for August open at 3548 and closed at 3557 yesterday.The highest was at 3580 and the lowest was at 3525.
If you look at my forecast yesterday ( #1), the market open at 10.30 and immediately , by 10.31 a.m., the market fell beating the level 3528 to 3536. After reaching 3525 , the market rebounce to 3555. It was a false alarm.Had the market , on the second attempt, beat down the level 3525, the market would have gone down further.
As I mentioned earlier , if a buy position had been able to be placed " a little bit" after opening i.e. after the false alarm, a handsome profits could have been made.The market later also shot up to the highest at 3580 and before retracing down ( see also # 3 ).
There was also a clear formation of 2 tops after 4.30 p.m. ( you must be able to distinguish between the 2 tops and 3 tops because it can be quite confusing ). Well , you could have made, at least, 2 entries yesterday.
Today
In a very short term, the market is said to be bullish.
Due to some reasons, I am not able to do any forecasting today. Those who have been following my blog probably may have the idea of entering and exiting the market.
As usual, if you are not sure.....please, never to contact any politician.
Hav a nice trading
Wednesday, May 21, 2008
Wednesday's Direction
Wednesday - 21 May 2008
9.20 a.m. - Malaysian Time
The CPO for August's contract for yesterday open at 3513 and closed at 3554. The highest was at 3559 and the lowest was at 3513.
For your information, there was a mistake written in my forecast for yesterday's market ( see #3), it should be " buy after the market has moved down 10 to 17 points from the opening point." Anyway the damage has already been done.
If you look at my forecast yesterday, the market open within the level at # 3 except that the market did not retrace after opening , in fact the market kept going up and closed to almost the highest of the day.There was also no clear formation of trendlines such as 3 tops or head and shoulder except after 5.30 p.m. As I have mentioned earlier, as a day trader , the latest to enter the market would be around between 4.30 to 5.00 p.m. ( again it depends on situation such as volatility, volume etc.) In normal circumtances, a day trader seldom buys or sells and later bring forward the trading to the next day. So, theoritically, no money again yesterday!!!!
Today
So how's the market for today? The way I look at it, in a very short term, the market is still in bullish situation;
1) If the market opens between the level 3536 to 3559 - Buy after the market has retraced down " a little bit " after opening. Be careful if the market moves down in a very fast and steep way after opening, it could be a false alarm.If the market manages to beat down the level between 3528 to 3536 ( make sure you buy but not beating this level ) , the market may fall further down ( can short here ).If the fall keeps going down and beats the level between 3504 to 3513, the market may fall further and a black bar may be formed today.
2) If the market opens between the level 3511 to 3535 - Sell after the market moves up a "little bit". If the market manages to beat down the level 3504 to 3513 , see as above.
3) If the market opens between 3560 to 3583. Buy after the market has retraced down " a little bit " from opening. Careful if market falls steeply after opening. If you make " enough profits" lock up for profits immediately, the market may fall back. If not sure , do not enter the market if it opens at this level.
4) If the market opens below 3511 , it is your call.
5) If the market opens above 3583, it is your call .( Chances? It could be a black bar today )
Well, that 's about it. If you are not sure, contact your ..........girl/boy friend.....
Has a nais treding
9.20 a.m. - Malaysian Time
The CPO for August's contract for yesterday open at 3513 and closed at 3554. The highest was at 3559 and the lowest was at 3513.
For your information, there was a mistake written in my forecast for yesterday's market ( see #3), it should be " buy after the market has moved down 10 to 17 points from the opening point." Anyway the damage has already been done.
If you look at my forecast yesterday, the market open within the level at # 3 except that the market did not retrace after opening , in fact the market kept going up and closed to almost the highest of the day.There was also no clear formation of trendlines such as 3 tops or head and shoulder except after 5.30 p.m. As I have mentioned earlier, as a day trader , the latest to enter the market would be around between 4.30 to 5.00 p.m. ( again it depends on situation such as volatility, volume etc.) In normal circumtances, a day trader seldom buys or sells and later bring forward the trading to the next day. So, theoritically, no money again yesterday!!!!
Today
So how's the market for today? The way I look at it, in a very short term, the market is still in bullish situation;
1) If the market opens between the level 3536 to 3559 - Buy after the market has retraced down " a little bit " after opening. Be careful if the market moves down in a very fast and steep way after opening, it could be a false alarm.If the market manages to beat down the level between 3528 to 3536 ( make sure you buy but not beating this level ) , the market may fall further down ( can short here ).If the fall keeps going down and beats the level between 3504 to 3513, the market may fall further and a black bar may be formed today.
2) If the market opens between the level 3511 to 3535 - Sell after the market moves up a "little bit". If the market manages to beat down the level 3504 to 3513 , see as above.
3) If the market opens between 3560 to 3583. Buy after the market has retraced down " a little bit " from opening. Careful if market falls steeply after opening. If you make " enough profits" lock up for profits immediately, the market may fall back. If not sure , do not enter the market if it opens at this level.
4) If the market opens below 3511 , it is your call.
5) If the market opens above 3583, it is your call .( Chances? It could be a black bar today )
Well, that 's about it. If you are not sure, contact your ..........girl/boy friend.....
Has a nais treding
Monday, May 19, 2008
Tuesday's Performance
Monday - 19th May 2008
1.20p.m. - Malaysian Time
Tuesday ( 20 May 2008 ) - 8.30 a.m. - a little bit of updating
The CPO market for August's contract open at 3500 and closed at 3570 on last Friday. An up of 70 points. The highest was at 3570 and the lowest was at 3500. For information, the market is closed today as today is a Wesak Day in Malaysia. The market will resume its activity tomorrow.
Tomorrow
In a very short term, the market is said to be bullish. For the past two days, the market ended a white bar on each day.
1) If the market opens between the level 3520 to 3560 - Buy after the market has fallen to about 10 to 17 points after opening. Be careful if the market opens and falls in a very fast way, it could be a false alarm .If this happens,the market may retrace further down.Do not forget your stop loss. I f you are not sure, look for 3 bottoms, inverted head and shoulder or other trendlines before long. If the market beats the level between 3571 to 3578, the market may go further up. A buy postion can be placed here especially if the market opens more towards to the level of 3560.( more towards the upper end of the level between 3520 to 3560 ).
If the market opens and later beats down the level between 3497 to 3508, the market may retrace further especially if the level 3485 is broken and it may end up a black bar at the end of the day or at least in the early part of the day. A sell position can be placed here. This would be more prominent if the market opens towards the lower end of the level between 3520 to 3560 ( or you could place a sell after market opens and moves up 10 to 17 points from opening ).
2) If the market opens between the level 3560 to 3570, buy after the market beats the level between 3571 to 3577 or after the market has fallen 10 to 17 points from opening point.. Do not forget your stop loss etc.....
3) If the market opens between the level 3509 to 3520, sell after the market opens and beats down the level between 3495 to 3508 or 10 to 17 points after the market has moved up from the opening point. Do not forget your stop loss etc....
4) If the market opens between the level 3571 to 3595, buy after the market opens and drops a few points ( preferabably more than 5 points ) and later beats the opening point of , at least, 3 points . If , after the market opens, the market falls , buy after 10 to 17 points from opening.Do not forget your stop loss or if not sure, you can also look for trendlines before long.
5) If the market opens between the level 3483 to 3508. Do as above but in an opposite way.
6) If the market opens not within the above, it is your call.
Well, that's about it. As indicated earlier, the methodology of tradings suggested in this blog are in generalities, there are other strategies which I use that give a better winning outcomes.
Have a nice trading day....
1.20p.m. - Malaysian Time
Tuesday ( 20 May 2008 ) - 8.30 a.m. - a little bit of updating
The CPO market for August's contract open at 3500 and closed at 3570 on last Friday. An up of 70 points. The highest was at 3570 and the lowest was at 3500. For information, the market is closed today as today is a Wesak Day in Malaysia. The market will resume its activity tomorrow.
Tomorrow
In a very short term, the market is said to be bullish. For the past two days, the market ended a white bar on each day.
1) If the market opens between the level 3520 to 3560 - Buy after the market has fallen to about 10 to 17 points after opening. Be careful if the market opens and falls in a very fast way, it could be a false alarm .If this happens,the market may retrace further down.Do not forget your stop loss. I f you are not sure, look for 3 bottoms, inverted head and shoulder or other trendlines before long. If the market beats the level between 3571 to 3578, the market may go further up. A buy postion can be placed here especially if the market opens more towards to the level of 3560.( more towards the upper end of the level between 3520 to 3560 ).
If the market opens and later beats down the level between 3497 to 3508, the market may retrace further especially if the level 3485 is broken and it may end up a black bar at the end of the day or at least in the early part of the day. A sell position can be placed here. This would be more prominent if the market opens towards the lower end of the level between 3520 to 3560 ( or you could place a sell after market opens and moves up 10 to 17 points from opening ).
2) If the market opens between the level 3560 to 3570, buy after the market beats the level between 3571 to 3577 or after the market has fallen 10 to 17 points from opening point.. Do not forget your stop loss etc.....
3) If the market opens between the level 3509 to 3520, sell after the market opens and beats down the level between 3495 to 3508 or 10 to 17 points after the market has moved up from the opening point. Do not forget your stop loss etc....
4) If the market opens between the level 3571 to 3595, buy after the market opens and drops a few points ( preferabably more than 5 points ) and later beats the opening point of , at least, 3 points . If , after the market opens, the market falls , buy after 10 to 17 points from opening.Do not forget your stop loss or if not sure, you can also look for trendlines before long.
5) If the market opens between the level 3483 to 3508. Do as above but in an opposite way.
6) If the market opens not within the above, it is your call.
Well, that's about it. As indicated earlier, the methodology of tradings suggested in this blog are in generalities, there are other strategies which I use that give a better winning outcomes.
Have a nice trading day....
Friday, May 16, 2008
Friday?????
Friday - 16 May 2008
8.40 a.m. - Malaysian Time
The CPO for July open at 3518 and closed at 3521. The highest was at 3542 and the loweat was at 3498.
Yesterday the market open not within the forcasted analysis so , theoritically, there was no trade made. No trade means no money was profited. As I said in one of my postings, make no money is better than losing some money unnecessarily especially if you enter the market without proper analysis of the market or if you are not sure of the trend but may still like to try your luck.
Anyway, if you look at the trendlines, there was only one clear pattern of 3 tops which occured at about 3.50 p.m. but the confirmation on the shorting position only happened after 5.00 p.m. As a day trader , this is not a good time to day trade due to several factors such as the volume, timing and volatility of the market which were not that encouraging.
Today
Since today is the transition day from July contract to August contract and also the current methodology used in this blog to enter the market may not be appropriate, I would rather prefer not to forecast on today's market direction. To some traders, today is considered as a rest day.
To those of you who still like to trade today.....have a nice trading day.
8.40 a.m. - Malaysian Time
The CPO for July open at 3518 and closed at 3521. The highest was at 3542 and the loweat was at 3498.
Yesterday the market open not within the forcasted analysis so , theoritically, there was no trade made. No trade means no money was profited. As I said in one of my postings, make no money is better than losing some money unnecessarily especially if you enter the market without proper analysis of the market or if you are not sure of the trend but may still like to try your luck.
Anyway, if you look at the trendlines, there was only one clear pattern of 3 tops which occured at about 3.50 p.m. but the confirmation on the shorting position only happened after 5.00 p.m. As a day trader , this is not a good time to day trade due to several factors such as the volume, timing and volatility of the market which were not that encouraging.
Today
Since today is the transition day from July contract to August contract and also the current methodology used in this blog to enter the market may not be appropriate, I would rather prefer not to forecast on today's market direction. To some traders, today is considered as a rest day.
To those of you who still like to trade today.....have a nice trading day.
Thursday, May 15, 2008
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.
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.
Tuesday, May 13, 2008
Today's Expectation
Tuesday - 13 May 2008
10.05 a.m. - Malaysian Time
The CPO for July contract open at 3600 and closed at 3570. The highest was at 3623 and the lowest was at 3555.
For your information, the strategies that I potray in this blog are merely the general strategies which I gathered from selected investment books such as the 3 tops/bottoms, head and shoulder ...etc. Besides that , I also develop my own strategies such as lightning strategy, double beatings, after 11 strategy, after 330 strategy , 3 ( buying and selling zone)channels etc. So in this blog you may find there are times when I mention the points to enter/exit the market and also there are times when I do not mention the points of enterance at all. There are also other strategies that I frequently use which could not be explained in this blog because the explaination needs the use of charts and graphs. In fact these are, so far, the best strategies to be used to determine the position of either to enter or to exit the market.
Today
In a very short term, the market is said to be in bearish situation. In fact, if the gap formed yesterday could be filled today, it will imply that the bearish situation may continue further.
1) If the market opens between 3555 to 3585. Sell after the market has moved up between 8 to 20 points after opening. If the market moves up in a vey fast way, just be careful. It could a false alarm.Don't forget your stop loss of about 10 to 15 points. Anyway , if the market manages to beat the level between 3598 to 3605, the market may go up further, a white bar may formed today. ( Best if market do not open more towards to the 3585 level ). If you hesitate, probably you could look for 3 tops or head and shoulder or other trendlines before shorting. ( as long as it does not beat the level 3598 to 3605 )
2) If the market opens between 3586 to 3598. Take position ( buy ) after the market has beaten the level between 3598 to 3605. Be careful, if after opening here, the market moves up in a very fast and steep gradient, it may be a false alarm. Take position on the second attempt.The market may ends a white bar today or at least would go up before retracing down. It would be enough for you to lock up for some profits.
3) If the market opens between 3555 to 3585 and moves down and beats the level 3550 to 3555, the market may retrace further down. Anyway it may go up again after retraching a certain level. For best result, if the market opens more towards the lower end of this level ( more toward to 3555 - put a sell here )
4) If the market opens between 3530 to 3555. Sell after the market moves up between 8 to 20 points or if the market opens and moves up about 5 points and then retraces down passing the opening level. Put a sell after 3 points down from the opening . Don't forget your stop loss.If not sure , can look for trendlines as mentioned at #1 above.
5) If the market opens below 3530. It is your call. Anyway, the chances of further down is quite great especially if the market manages to fill yesterday's gap.
6) If the market opens above 3622 and beats up the level 3624 to 3630 or open above 3630, the market may move further up and a white bar may be formed today. You can put a buy here.
That is it. If in doubts...contact anybody you like except your wife
Have a nice trading
10.05 a.m. - Malaysian Time
The CPO for July contract open at 3600 and closed at 3570. The highest was at 3623 and the lowest was at 3555.
For your information, the strategies that I potray in this blog are merely the general strategies which I gathered from selected investment books such as the 3 tops/bottoms, head and shoulder ...etc. Besides that , I also develop my own strategies such as lightning strategy, double beatings, after 11 strategy, after 330 strategy , 3 ( buying and selling zone)channels etc. So in this blog you may find there are times when I mention the points to enter/exit the market and also there are times when I do not mention the points of enterance at all. There are also other strategies that I frequently use which could not be explained in this blog because the explaination needs the use of charts and graphs. In fact these are, so far, the best strategies to be used to determine the position of either to enter or to exit the market.
Today
In a very short term, the market is said to be in bearish situation. In fact, if the gap formed yesterday could be filled today, it will imply that the bearish situation may continue further.
1) If the market opens between 3555 to 3585. Sell after the market has moved up between 8 to 20 points after opening. If the market moves up in a vey fast way, just be careful. It could a false alarm.Don't forget your stop loss of about 10 to 15 points. Anyway , if the market manages to beat the level between 3598 to 3605, the market may go up further, a white bar may formed today. ( Best if market do not open more towards to the 3585 level ). If you hesitate, probably you could look for 3 tops or head and shoulder or other trendlines before shorting. ( as long as it does not beat the level 3598 to 3605 )
2) If the market opens between 3586 to 3598. Take position ( buy ) after the market has beaten the level between 3598 to 3605. Be careful, if after opening here, the market moves up in a very fast and steep gradient, it may be a false alarm. Take position on the second attempt.The market may ends a white bar today or at least would go up before retracing down. It would be enough for you to lock up for some profits.
3) If the market opens between 3555 to 3585 and moves down and beats the level 3550 to 3555, the market may retrace further down. Anyway it may go up again after retraching a certain level. For best result, if the market opens more towards the lower end of this level ( more toward to 3555 - put a sell here )
4) If the market opens between 3530 to 3555. Sell after the market moves up between 8 to 20 points or if the market opens and moves up about 5 points and then retraces down passing the opening level. Put a sell after 3 points down from the opening . Don't forget your stop loss.If not sure , can look for trendlines as mentioned at #1 above.
5) If the market opens below 3530. It is your call. Anyway, the chances of further down is quite great especially if the market manages to fill yesterday's gap.
6) If the market opens above 3622 and beats up the level 3624 to 3630 or open above 3630, the market may move further up and a white bar may be formed today. You can put a buy here.
That is it. If in doubts...contact anybody you like except your wife
Have a nice trading
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