10:02 am - FKLI hit low of 916.5

Trail stop to 920.0

Trade #12 is in the money - Trail stop to 920.5

Trail stop to 920.5

3:39 pm - Trail Trade #12 stop lower to 922.5

2:56 pm - Cash mkt turning down. Daily MACD cross down today

The Cash Mkt does not look good. This is the first day where daily MACD cross down. It wud take some time for it to cross up.

2:52 pm - FKLI hit a vaccum - Drop from 921 to 918.5 low

Trade #12 stop is trailed lower to 923.5. Shud be in the money soon.

Rgds,
-martin-

12:02 pm - FKLI hits low of 921.5

Trail stop to 925.0

11:34 am - Trade #12 is short at 922.5

Short position has been triggered. Stop loss at 928.5

I am only concerned if today closed above 925.5/926.0

Rgds,
-martin-

10:33 pm - Ready to short at 922.5

Trade #12 is for short.

10:14 pm - if FKLI breaks 925.5 or higher ...

Ready to turn long if it breaks 925.6 or higher above the daily pivot.

10:04 pm - Look like FKLI is heading another sideway mkt.

I wud like to see FKLI break 922.5/922 to take short position.

Rgds,
-martin-

1:12 pm - FKLI breaking below 50MA on FKLI hrly timeframe

It looks like it is time to short the FKLI below 925.

Look for a opportunity to short. Watch out for morning gap up since DJIA close +70 pts up.

This is the setup and signal to short.

Daily pivot
R1 = 927.5
P = 925
S1 = 922.5

Rgds,
-martin-

Cash Mkt for Month of Oct ....

Sideway for how long ? Your guess is as good as mine.

FKLI open gap up +1.5 pts - Buy signal is on BUT ...

FKLi gap up after closing at 925. Mkt Gap up generally mean the FKLi wud closed lower. However, FKLI is heading sideway.

The Buy signal is in but the setup has set in. Difficult to tell how to trade trade #12.

Daily chart is showing sideway movement. If there is money to be made, it has to be intraday trade.

Watch out for FKLI to break and close above 929.5.

To short is difficult as there are support AND to Long is difficult as there are no volume.

Daily Pivot:
R1 = 925.75
P = 924.5
S1 = 921.75

Rgds,
-martin-

Stop out at 925.5

Trade #11 end with 3 pts loss. Mkt going nowhere. Shud get out at 925. But that trading is like that. Win some and lose some.

Waiting for trade #12 to setup.

10:57 am - FKLI hit 925 and ....

Trail stop to 925.5

9:39 am - FKLi gap down 0.5 pt.

Watch out it may reverse to go long. Watch the MACD.

Trail trade #11 stop to 926.0/925.5

Rgds,
-martin-

5:02 pm - FKLI is shorted at 922.5

Trade #11 is shorted at 922.5.

Stop loss is at 928.5.

Rgds,
-martin-

4:38 pm - Get ready to short. Look at 50MA

Trade #11 is ready to short at 922.5 or lower.

Rgds,
-martin-

4:31 pm - Trade #10 closed at 925.0

Trade #10 closed at 925.0 with a 5 pts profit. My target for FKLi at 929.5 came true. My system is a trend following. I cannot pick the top nor bottom.

I am happy with my small profit.

Rgds,
-martin-

12:06 pm - FKLi did break 929.5 at noon

Trail stop to 925.0. Trade #10 is holding steady.

11:19 am - FKLI hit low of 924.5 and cannot go lower

FKLi hit 924.5 but my stop is at 924.0. Did not get stopped out and finally FKLi break back to 928. ATR stop really help me this time.

Wud be interesting to see if FKLi break 928.5 today.

Stop loss at 924.5

Rgds,
-martin-

5:24 pm - FKLI cud not go higher.

Get ready to sell tomorrow. Stop loss at 924.5

9:52 am - FKLI hit high at 928.0

Trade #10 is in-the-money. Stop is trailed higher to 922.5.

Target for the day (think to sell) is at 929.5/935.5

If FKLI get above 927.5 and close above it. FKLI wud be ready to be sold in the next day.

4:39 pm - FKLI broke thru 920.5/921

FKLI is surging. Trade #10 is long at 920.0 as it broke 922.5 and closed the overhead gap at 922.5

Stop loss at 916.5/917.0

FKLI shud stay above 922.5

Rgds,
-martin-

3:48 pm - FKLI hit 920 but ....

FKLI hit 920 but on a delay fashion. It is not the best entry. It shud break 920/920.5 at 11 am. I wud wait for another reentry.

Trade #10 is delayed from entry at this point.

Rgds,
-martin-

10:44 pm - FKLI gap down to 914

Normally when FKLI gap down, it is up day. Wait for hrly chart to close above 920. Trade #10 is long at 920.

3:25 pm - FKLI selldown to 913.5 again in the afternoon session

However, I have already cashed out at 918.5,. This is trading. You do not get the best everytime.

I am looking for an opportunity to enter tomorrow either short or long.

10:38 pm - FKLI open at 919 and selldown to 913.5

I think the FKLI EOD day traders got stop out at 916-913. That may explained why there are a huge selldown for these long position.

Normally, if FKLi gap down, FKLI wud close higher. My stop was triggered at 918.5

Trade #9 end +7 pts profit.

Watch to go for long position today at 920.5/921 .

Rgds,
-martin

4:22 pm - FKLI hit 926 in the morning and cash hold on

FKLi takes the opposite route and selldown to 920.5 which is the last support. If broken, we see further support at 918/919.0

Stop loss at 923.5 pts.

Rgds,
-martin-

5:08 pm - Call broker to short at 925.5

Trade #9 is shorted at 925.5. Stop loss at 928.5/929.0 pts.

10:16 am - FKLI open 925 and run to 931.

System indicate Trade #9 is a long position. However, I rather short at this stage. For trading system, I wud miss this and trade on discretionary by shorting at 929.5.

Stop loss at 934.5

Target to get out at EOD or stop loss at 934.5 as I am trading against trend.

Rgds,
-martin-

12 pm - FKLI hits low of 923.5

Daily pivot is

R1 = 933
Pivot = 929
S1 = 925

3:20 pm - Close trade # 8 at 931.0

FKLi is closing this Friday. Stratch the trade with profits +0.5 pts to cover cost.

9:48 am - FKLI has 4.5 pts range from 929.5 - 925

For FKLi to go higher, it has to close today at 925 + 7.5 = 932.5. Buying long at 929.5 . Premium
at now is +6.56 pts.

A short at this moment wud be better but considering the market is trending up. It is riskier to do so.

Too much of a risk especially when this Friday is closing of Sept contract. This is not one of the best buy signal but I wud follow my system.

Trade #8 is long at 930.5. Trail stop loss is at 928.0 pts.

9:48 am - FKLI gap up 2 pts and run away

FKLI hits 929.5 for the first time and I am reluctant to trade until 10 am.

Trade #8 is placed at 10.00 closing price.

10:13 am - Trade #7 stopped out at 920.5

Profit = +2.5 pts.

Waiting for MACD to cross up today at 923.5

12:50 noon - FKLI head high at 927

Trade #7 is in the money. Trail stop to 921.5

My last year record shows me that this 30 Sept wud have some window dressing for 4th Qtr. Last year at this time 2004 . Cash went up.

Rgds,
-martin-

6:22 pm - FKLI break 920 and head for high at 921.5

Trade #7 stop is trailed to 915.5/916. 0

Daily Pivot for Sept 16 FKLI / FCPO

R1 = 923.1 / 1394.67
P = 917.67 / 1387.67
S1 = 912.15 / 1380.67

It is interesting to see how FKLI wud open and react to DJIA tonite.

4:32 pm - FKLI is good if today close > 917.0

4:25 pm - Trade #7 is triggered long at 918

Trade #7 stop loss is 912.5. But ATR stop is at 914.0/913.5

Interesting enough, Cash Hrly chart form a double bottom at 914/915

3.00 pm - Trade #6 is stopped out at 915

Profit +3 pts. Preparing to go long at 918.0/918.5 pts.

Rgds,
-martin-

9:50 am - FKLI gap down to 911

FKLI hit low of 910.5. Trail stop to 915.5. In the money for Trade #6.

5:15 pm - FKLI hits low of 912.5

The Daily EOD stop at 915 was finally broken at 4.30 pm. Trade stop is trailed to 916.5/917

Daily Pivot for 15 Sept FKLI / FCPO:

R1 = 917.67 / R1=1392.6
P = 914.67 / P=1388.67
S1=911.67 / S1=1384.67

3:58 pm - Trade #6 is triggered at short at 919

Stop loss now is at 924 pts.

3:57 pm - FKLI stop out at 922

Trade #5 is stopped out at -3 pts loss.

5:15 pm- FKLI surged to previous high and breakout

Instead of shorting at 913.5, I went long at 925 i.e +2 pts above the last high.

A significant event, the daily MACD cross today. So come Monday, there wud be a lot of people looking at this daily chart and said Heh ! it had cross. Time to buy. Wud it go up ? I do not know but time wud tell.

Trade #5 is long at 925. Stop loss is 917.5

Trade #4 : Sell stop at 913.5

If FKLI falls further, short position is triggered at 913.5, below 50MA

10:00 am - Profit objective for Trade #4 hit at 915.5

Small profit for +3.0 pts as I am trading countertrend.

3:36 pm - Trade #4 short position is triggered at 918.5

Countertrend trade is initiated at 918.5. Profit objective is 915.5 pts.

FKLI is selling down.

Stop loss at 922.5 pts.

See how FKLI fare tomorrow.

5:15 pm - Trade #3 stop out at 924

FKLI breaks higher and got stopped out with 0.5 slippage from my original price
at 923.5

Trade #3 loss - 4 pts.

3.30 pm - Trade #3 is initiated to short at 919.5

This is a quick profit for 3.5 pts - countertrend. Stop loss set at 923.5 pt.

Trade #3 short at 919.5

11:30 am - Stop out at 919 for Trade #2

Trade #2 has been stopped out - Profit 10 pts.

10:05 am - FKLI hit high at 924. Trade #2 trail stop

Trail stops to 919.0 pts.

9:36 pm - Trail stop higher to 914.5

FKLI closed on the high note. It is interesting to see if tomorrow wud gap up and selldown on good news from DJIA.

9:30 am - FKLi hit 919.5 high for Trade #2

Trail stop to 913.5 pts. In the money.

4:10 pm - FKLI breakout to 908.5 and beyond. Trade #2 is long at 908.5

Trade #2 is triggered at 908.5. Trail stop to 903.5

4:32 pm - The FKLI is going to sideway.

If there is any trade #2, it has to break out of 908.5

5:07 pm - FKLI selldown from 4.30 pm onward

It is the usual syndicate to cash out their short position by pushing the price up prior to 4.30 pm and selldown to 910.0 pts.

This makes it difficult to trade with these professional and able to make money from it.

So stay out.

10:04 am - Stop loss trigger at 910

Crude oil hits US70 per barrel. Cash lost 7.1 at 12 noon.

Trade #1 loss -6 pts.

Shud I turn short at this time. Probable not - at least until the expiration of FKLI Aug contract.

5:07 : Trade #1 Long position triggered at 916.0

Stop loss is at 910.0

Results of last 20 trades - Net Profit

The last 20 trades generate RM1390 of profit (1 contract) inc. commission fees over the last 2 mths.

% of Winnings = 55%
% of Losing = 45%
Average Winnings per trade = RM 275
Average Losses per trade = - RM148
Largest Win = RM845
Largest Loss = - RM 280
Profit Factor = 1.85
Reward/Risk = 1.9
Expectency per trade = RM 84.65

As such, I am resetting the trades no to No. 1 again and repeat the results of the next 20 trades.

4:33 pm - Trade #20 stop out at +3 pts profit

Trade #20 is being stop out at 921.5 pts with +3 pts profit.

4:30 pm - FKLI hit high 928.5

Trail stop loss to 922.0 and allow 0.5 pts as buffer. Stop loss at 921.5

1:25 pm - Stop loss for is set at 917.5

If tomorrow open is a gap up, set stop loss at 917.5. May take profit at 25 bars. As 21 Aug, 12 bars has occurred.

4:30 pm - Trade #20 is triggered at 918.5

MACD cross up with 7 bar line chg. Trade #20 is triggered to go long at 918.5 pts.

Stop loss at 912.5 pts.

1:20 pm - Stop triggered at 915.5

Trade #19 end with zero pts loss.

9:45 am - FKLi gap up and begin a selldown

Long position guys trying to cutthroat the markt today.

9:34 am - Trade #19 short position triggered at 915.5

Trade #19 is short as MACD cross w 7 bar line chg.

Stop loss is at 918.5 - Buy stop.

10:29 pm : Gap down and hit 917

Trail stop to 922.5.

Stop out in the afternoon with -1 pt loss. Trade #18 is hit with a loss.

9:55 am - DJIA fell by -120+ pts.

FKLI would gap down and continue to sell down. Trail stop to 922.5. If I get stopped out, it wud be a loss of 1 pt.

5:19 pm : Trade #18 trail stop to 923.5

Trail stop at 923.5

3:04 pm - FKLI hit low of 919.5

Trail trade #18 to stop loss - buy stop at 925.0

Trail stop to 924.5

1:57 pm - Trade #18 is triggered at 921.5

Despite being stop out, my system is calling a short position. As I was not at my terminal, I did not short the FKLI.

Despite it, it is a short position trade. My stop loss is 928.0 pt.

1:52 pm - Trade #17 : My stop is hit at 929

Trade # 17 stop loss is hit at 929.0 After being hit, the FKLI sell down all the way to 920.5 pts. This is trading, you get hit some time and the market goes without you,

Trade #17 Loss -0.5 pt.

I feel "bad" after I have being stop out. But it is ok, as the mkt wud always be there.

5:18 pm - FKLI closed at 924.0

Today low of 923.5.

Trail stop to 929.0

4:05 pm - Cash mkt did hit below 930. Look at what STAR paper is saying today

FKLI index is bullish this week. Interesting ?

FKLI hit low of 924. Can it go any lower ? I do not know.

Trail my stop lower to 930. At this point, my loss will be -1.5 pt.

Rgds,
-martin-

3:09 am : FKLI hit low of 924.5

Watch cash mkt if it break 930.0 today. If FKLI close below 928.0, the trend is down for the time being.

1:00 pm - Stop at 932.0

Trail stop to 932.0

11:28 am - Trade #17 is shorted at 928.5

My order is triggered and FKLI has gone lower to 926.5

10:48 am - FKLI did hit 937 and took out those short position

MACD looks to be crossing down and still below 50 MA. ATR stop is 930.5. Watch this level of 930.5.

If this level of 930 is breached for the third time, this is serious.

Second confirmation Bollinger Band is narrowing.

Trade # 17 is going to be short position at 929.5 or above.

FKLi is breaching 930 for the third time and a good sign to go short.

3:51 pm - MACD cross up at 12 noon

FKLI did cross up but did not break out from 937. If it does not break out 937, the market is not going to support it.

The market gap up higher and begin to sell down. This is a FKLI characteristic when DJIA close higher. This is a short pattern setup to short. It did break down to 927.5 and MACD cross up again. So, I cannot really make money from it. The market is moving sideway for Friday. Also no big inst. is coming to hold over weekend position.

3:21 pm - FKLI hit today high at 936. Trade #17 ready at 937

Wud my stop order be taken ? I wud like the FKLI to prove to me.

Rgds,
-martin-

12:24 pm - Stop triggered at 933.5

Trade #16 is hit with a profit +5 pts.

Preparing for Trade #17 for long position at 937.0 if it does come.

Since Trade #17 is counter trend based on below 50MA. I have to take quick profit for this.

Rgds,
-martin-

12:22 noon - FKLI is forming a bowl shape at 930

Watch for reversing up.

Tightening stop to 933.5 stop.

11:38 am - A pivot is formed at 929

A pivot is formed at 929, to go further downtrend, FKLI has to trend lower past 929.

11:33 am - Trail my stop lower to 934.0

If the FKLI moves up or close to 937.0/937.5, it wud signify the 3 days of downtrend is over and buyers are coming back into the scene.

10:25 am - FKLI hit low of 929 and rebounded

Is this a sign of a rebounding ? If cash mkt close lower, then this is the 3 days consecutive down days - giving a chance for rebounding to go uptrend. Do not trend against odds.

MACD cross up at 3 to 4 days. Either today or Friday is the short term reversal. Still I wud think of going short as long as it is below 50 MA.

Trailing stops at 934.5.

10:09 pm - Trade #16 is triggered short @ 938.5

Trade #16 is triggered after 7 bar line change after MACD cross down.

Disaster stop loss is at 945.0 and trail to 937.5 pts.

The FKLI is below 50MA. Think of shorting and I believe the FKLI is reversing to long to short.

3:53 pm - Trade #15 Stop loss triggered

As soon as the market is opened, my stop is triggered at 948.

Loss -4 pts.

Heh ! I am happy with a stop. The question is shud I reverse today ? My backtesting result is no. I wud only reverse if I have more than 20 bars in profits before reversing my position.

Rgds,
-martin-

4:07 pm - FKLI is strong if closed above 949.5/950 today

Looking to see how FKLi wud close today ?

Trade #15: Long position triggered at 951.5

Trade #15 triggered to go long at 952.0. Stop loss 945.0

6:42 pm - Preparing for Trade #15 to setup.

Waiting for MACD Hrly to cross up which shud be above 952.5/953.0
is my long signal.

Rgds,
-martin-

6:39 pm - Trade #13 trailing stop triggered

At 8.45 am today, trail stop higher to 953 and was hit at 9.30 am and reverse, turning short when mkt is selling down. Total profit

Trade #13 profit is +15 pts.

Trade #14 is short at 935.0 and took profit when FKLI hit 949.5 with 3.5 pts.

Trade #14 profit is +3.5 pts.

5.00 pm - Cash vol is hitting above 800+ mil

Sign of foreign funds are in force.

4:55 pm - FKLI is becoming super bullish, Hit 5 year high at 959

Watch for the profit taking, watch out for the MACD cross down. Prepare to take profit at 952.5. Trailing stop is at 952.5.

8:27 pm : Trade #13 executed long at 938

The long signal came early at 9 am and long position established. Stop is at 943.5

3:41 pm - Preparation for Monday Trade #13

Wait for the MACD to cross up and confirm a higher high preferable after 9.00 am - long position at 937/937.5.

Wud call my broker to confirm the setup tomorrow.

11:26 am - FKLI moving sideway

It is difficult to catch any trend on the last 3 days prior to closing of
FKLI due to institution rollover. Even there is a trend, it is difficult to
tell if it is real or not.

Have to see how FKLI Aug close today.

Rgds,

-Martin Wong-

10:54 am - FKLI Aug MACD had cross down but staying above 50 MA. Stay long

Rgds,

-Martin Wong-

10:53 am - Trade #11 end with a loss.

Stop out at 932.5 with -2 pts loss.

Rgds,

-Martin Wong-