3:58 pm - FKLI is moving sideway

FKLI hit a low at 874.5 and high at 879.5

MACD almost cross down. So no position is taken yet.

Trade #4 is ready for either long or short.

5:05 pm - FKLI Trade #3 is stopped at 877.0

Trade #3 loss of 0.5 pts.

Await for Trade #4 for setup and signal to go short.

4:15 pm - FKLi going sideway

FKLi has heading downside or sideway.

10:33 am - FKLI rebounded to high 882.0

FKLi rebounded back, so trail my stop to 875.5.

10:33 am - Trade

10:30 am - Update for last Friday trade

Trade #2 was stopped out at 876.5 when FKLI hit low 870.5 and rebounded. Profit win +2 pts.

Trade #3 was initiated on Friday when MACD cross at 877.5. Stop loss at 872.

3:44 pm - FKLI selldown further

Trail stop to 876

2:04 pm - FKLI average daily range has reached

We have reached 6.5 pts i.e. average daily range. The mkt shud rebound back or selldown further (unlikely).

Trail stop to 879/879.5

12:32 pm - FKLI Dec selldown further to 875.5

Wow ! The proton selldown is really driving the bearish market.

12:15 noon - FKLI trade #2 short triggered at 878.5

Trade #2 is triggered at 878.5. Stop loss at 881.5

11:33 am - Get ready for long at 883/883.5

For FKLI Dec, I am interested if FKLI comes to this level.

9:37 am - Trade #1 is stopped out at 880.5

Loss of -2 pts. The FKLI mkt seem not to go down trend. Cash mkt support at 894/895.

4:43 pm - Trade #1 triggered short at 878.5

1st trade of FKLI Dec contract triggered at 878.5. Stop loss at 881./881.5 pts.

10:06 am - Tune to FKLI Dec contract

Currently, FKLI Dec is trading at 15 pts discount. The discount is too wide and is bound to close back. However, cash mkt is going downtrend. Watch the 62% retractment of cash mkt. Generally, if cash does not selldown any more i.e. -0.5 pts, the discount will narrow to 8 or 9 pts.

Watch for the setup and long signal.

12:08 noon - FKLI on the last 3 days to closing

FKLI is trading to 4 pt discount and I think it is par level. Over the last few mths, FKLI shud be trading around 4-5 discount prior to closing due to convergence.

To go outright is not profitable as you do not know how the institution would rollover their contract. Charts do not work so well as these bearish market.

Wait for position setup for Dec contract on Wed or Thur - Dec 1 or 2.

Rgds,
-martin-

3:41 pm - FKLI selldown to 893.0

Always obey your rule and you will be rewarded.

The last 20th trade results are out

I would post the results on the result weblog.

10:33 am - Trade #20 is out with a loss

Loss of -2 pts.

10:26 am - Trade #20 is stopped out at 893.5

Stop out at 893.5. I know if I cud hold on, I can win the trade. But that wud be violating the discipline.

3:58 pm - Trade #20 is triggered at 895.5

Trade #20 is long with stop loss at 890/890.5

12:34 noon - Trade #20 is ready to go long

However, I am waiting for MACD to cross up.

11:58 am - FKLI trade #19 stop triggered at 894.5

Profit at +1.5 pts

11:09 am - FKLI Trade #19 is doing just fine.

Trail stop to 894.5

7:15 pm - FKLi did break down to 890

Trail stop to 895/895.5

3:24 pm - Trade #19 is shorted at 895.5

Going short after reaching high at 900.5 today. Stop loss at 898.5

4:47 pm - If I wished to go long I waited for long setup

For the time being, short position is better. Fri and Mon Cash has gone up by 10 pts and vol is very low.

Long is better above 900.5

4:46 pm - EOD FKLI becomes a shooting star - Doji

Close trade #18 at 897 with 4 pts profit as MACD abt to cross down too.

4:07 pm - Trade #18 is in the money.

Trail the stop higher as FKLI moves higher.

3:39 pm - Trail trade #18 to 896.5

The FKLI came down to 896.5 close to my stop at 896 in the morning.

12:00 noon - FKLI gap up in the morning.

Finally, DJIA broke past 11700 and FKLI gap up way past my stop loss at 887.5/888.0 Got out my short position trade #17 at 889 - loss 4.5 pts.

Trade #18 is triggered long position at 893.0

Stop loss at 890.5.

Average daily range has been reached i.e. 896 -888 = 8 pts.

there is limited upside now.

4:27 pm - FKLI remained downside if closed ...

Downtrend is persisted if closed below 885.5

4:04 pm - Tighten stop to 887.5

Trade #17 - Tighten stops to 887.5/888

3:40 pm- Watch out for FKLi to break 882.5

If that the case, we should be shorting. The mkt has not bottomed yet. Look at the remark by OSK.

OSK Research: KLCI to hit 1,005 points within a year
OSK Research Sdn Bhd expects the Kuala Lumpur Composite Index (KLCI) to touch a high of 1,005 points within the next 12 months, underpinned by merger and acquisition (M&A) activities in the banking sector, said head of research Kenny Yee

They are even launching Basket of Call warrant that mimic ETF to support the mkt after the foreigner has left.

11:11 am - Trade #17 is short at 884.5

Going short at this stage. Stop loss at 888/889

10:48 am - FKLI hit low 892.5 and selldown

I am amazed by FKLI and how it falls like. There was a vaccum between price 885.5 to 882.5. Put in your short position now at 884.5/885

9:52 am - It take huge volume to push FKLI uptrend again

FKLI is likely to resume downtrend or sideway from now. With the low cash vol. it is likely down or sideway.

However, from a daily trend, it is uptrend. I keep my opinion off my trading and see the setup and signal as they comes.

9:46 am - FKLI hit resistance at 892 and selldown

Tighten stop to 886.5 and got stopped out this morning. Loss of -1.5 pts.

Waiting for short entry set up and short signal.

5:05 pm - Cash last min shot up by + 3 pts.

As a result, Cash is up +2.47 pts when most of the day below yesterday closing.

We wud see a bullish tomorrow. Be ready to close your position.

11:29 am - Trail stops to 885

11:12 am - Watch out for FKLI to break 892

It wud be interesting to see that today.

11:06 am - FKLI is moving back to 50MA

FKLI has crossed 26 MA and moving to 50MA. There is a lot of players at 50MA.

10:53 am - Uptrend to persists if FKLI closed ...

Reversal is true if FKLI can closed above 886.

Trail stop to 884.5/884

4:31 pm - FKLI reversal today

It looks like FKLI is reversing today.

10:53 am - Trade #16 initiated at 888

Long at 888. Stop loss at 881.

10:24 am - Preparing for Trade #16 to go long

Trade #16 ready to go long at 887/887.5

Stop loss at 881.5

10:21 am - Massive FKLI long position triggered

All the short fella incl. myself Trade #15 stopped out. It shot from 884.5 to 889.

Trade #15 triggered at 886. Loss of 0.5 pts.

9:55 am - Trail Trade #15 stop lower

Stop trail to 885.0. In the money +0.5 pts.

Mkt is bullish divergence. Expecting FKLI to head north.

5:19 pm - FKLi did stay below 884 at closing.

The down trend persists.

4:21 pm - Trail stop to 886 Trade #15

Trade #15 may end very soon but I do not know. But I want to see FKLI to close below 884.

11:53 am - Trade #15 is short at 885.5

MACD cross down and FKLI selldown. Trade #15 is hot.

Stop loss is at 888.0.

FKLI shud continue to go low if close below 884

5:03 pm - Cash jump back to -2 pts loss

It is weird that cash stay -6 pts loss but on the last min, cash catch up.

Bollinger Band is narrowing and watch out for the spring next week either up or down.

12:17 noon - FKLI triggered at 893.5 - Loss of 4.5 pts

Stop triggered at 893.5 w loss 4.5 pts.

11:13 am - Trade #14 is against short term trend

Ready to tighten stop when I need to as I am trending against short term trend.

10:58 am - FKLI selldown again

Short FKLI at 888.5 for Trade #14 after the failed reversal to go uptrend.

Stop loss 893.5

9:55 am - Always best to buy after 10 am

Need to wait the news and short covering or long to settle and the trend wud persist.

9:49 am - FKLI may still continue to fall

If fall further, short at 887

9:36 am FKLI MACD has crossed up

Be ready to go long for Trade #14 at 892/893. Wait for the price to turn up. Do not buy when it is falling.

5:12 pm - Order for tomorrow

Short at 886.5 or Long at 893.5/894

11:46 am - I am looking for a Doji on EOD

For today, I am looking for a reversal signal on EOD FKLI.

11:12 am - FKLI has stopped falling

FKLI is heavily discount today at 11/12 pts.

10:13 am - Another selldown day for FKLI

This is 3rd consecutive down day for FKLI. Think to buy. I am looking for the reversal candle to appear.

Wait for FKLI to bound back. Average weekly range is now at 23 pt.

The FKLi has gone almost 10 pts discount.

4:45 pm - FKLI hit low at 901.5 and oversold

Watch out for 897 and be ready to go long. The weekly range of 21 pts is at 889 (918-21 = 897).

Mkt moving to 6/7 pts discount.

3:14 pm - I missed the short entry

There were no setup for me to enter short today. Stay discipline and you wud be rewarded with a chance. I may look out for long.

2:47 pm - FKLI selldown

FKLI today selldown and trading below 50MA. It is turning to a short market. Looking opportunity to short now since it is below 50MA. Looking for short setup and sell signal.

This does not mean I cannot go long at the same time too.

9:38 am - FKLI stays sideway

THe FKLI looks like it has stable itself. I guess it has to selldown further before the push for higher to come. Look out for FKLi to break 907/906 before going long again.

Daily pivot FKLI
R1 = 916.67
P = 911.5
S1 = 906.5

10:22 am - FKLI gap up and selldown

Monday is for profit taking. Market gap up to 917 and shot to 918 and sell down. Put my stop at 912 but slippage and got out at 911.

Looking to go long if there's a chance at 916/916.5

10:51 pm - Nov FKLI reversed and head north

The Nov seasonality is back. The mkt did reverse and I was long on 902 on Oct 31, 2005 on the Nov. It hit high at 916. Trail stop to 911.5.

The weekly pivot has been broken at 909.17 and it looks the FKLi is breaking out fast due to the short trading week. Notice that the last year 2004 Hari Raya, it did the same thing as it did this year. Interesting.


The weekly average range for 2005 is 22 +/- 6pts. Since Monday and Wed range is 22 pts. There is no more gain and it is close for the week.

Next week wud be a interesting week. Next week resistance is at 919 pt. It is only 3 pts away. See if this breaks.

12:49 pm - Again the same thing happen !

During these period, the FKLi move up and then sell down. Like a yo-yo.

There were few setup on the hrly chart but no buy signal yet.

9:44 am - FKLI just not going anywhere but sideway

FKLI reacting to DJIA -110 pts drop. Gap down and it try to move higher due to the closing mth of FKLI on Monday.

No opportunity to trade unless daytrade and range of the day is around 4-5 pts.

Not much but stay out until Nov.

-martin-

2:44 pm - FKLI false breakout

During the last week of FKLI futures contract closing, it is difficult to trade. All the technical signals are distracted by the institution rollover. At this point, it wud be better to stay out.

10:00 am - The last week of FKLI

The last week of FKLI is the most difficult to make money due to the rollover of contract from Oct to Nov.

However, I am looking for long at this stage.

4:45 pm - FKLI hit low of one month at 895.5

This is madness. THE FKLI has one of the biggest day drop for YEar 2005. It is like the world is going to end and everyone is cashing out - so far -19.5 pts drop.

Millionaires are made in days like this or bankrupt on these days.

2:05 pm - FKLI hits all time low and Cash fell off..

FKLi hit low at 902 (-13 pts) with cash fell of -8.66. Without a position, I have to patiently wait for my setup and signal to get back either short or long.

1:07 pm - FKLI hit my stop at 920.0

Trade #12 ends with a profit of +2.5 pts.

Am I satisfied ? You bet, I am satisfied with small profit for the sideway market.

Look out for MACD to cross up.

Looking to go long at 922.5

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.