11:08 am - Trade #12 is long at 891

Long is in !

4:07 pm - Looking to go long at 889

This wud be a good spot to go long provided setup and buy signal comes together.

3:44 pm - FKLI trading below 50MA - 887.5

It is short time now. We missed the last MACD cross down, so now we wait for cross up to go long. If there is a CNY rally, it has to start this week.

Look for the setup and buy signal for long.

9:54 pm - Year 2005 closes with a huge selldown at the end.

The FKLI closes with -5 pts lose as the window dressing comes to an end.

Fella who went long with no stop probably lose out today.

11:50 am - Trade #11 stop out at 901.5

Profit +7.5 pts.

10:25 am - Trade #11 is long at 894

Stop loss at 901.0. In the morning

2:43 pm - Trade #9 is stopped out at 891

Profit gain +4 pts.

It is coming to end of the closing mth and MACD tend not to do so well. So it is better to stay out.

10:28 am - FKLI hit high at 895

Trail stop to 891/890.5

4:43 pm - Trail stop to 888

Trade #9 is trailed higher to 888.

3:20 pm - FKLi is heading higher

If FKLI cannot breach 891.5, that it. You wud see MACD to cross down. This is a typical FKLI pattern.

It wud head high for the 1st time and the 2nd time it wud test it. If it cannot break higher that the last high. FKLI wud go lower.

12:14 pm - FKLI is not going any further.

Trade #9 stop is trailed higher to 887.5/888.0

2:51 pm - Trade #9 is triggered long at 887

Trade #9 is triggered long. Stop loss at 883.5

10:29 am - FKLI stopped out at 885.5

Profit +3 pts.

Ready for Trade #9

10:06 am - FKLI abt to cross up

Trail stop lower to 886/885.5. Be ready for Trade #9 to go long.

9:19 am - FKLI Trail stop higher

Trail trade #8 higher to 889.5

11:13 am - Trade #8 is shorted at 888.5

Stop loss at 892.0

10:24 am - Preparing for Trade #8 for short if below 50MA

Look for Trade #8 to go short if below 50 MA. i.e. below 888.5

10:21 am - FKLI trade #7 stoppped out at 891.5

Profit at 2.5 pts.

10:03 am - FKLi looks like going nowhere

Trail stop higher to 891.5/892. I have been in for 14 bars and haven't move any where but sideway

2:03 pm - FKLI hit high 896

Trail stop to 891.0

4:01 pm - FKLI really breakout today

Trail stop higher to 889.

12:49 pm - FKLi MACD had cross up

Trade #7 is long at 889. Stop loss at 885

10:33 am - FKLI had overhead problem

Every time FKLI move ahead uptrend and wud selldown due to insufficient vol on cash mkt. It is the fluctuation of discount and premium that making FKLI to move up and down.

9:43 am - FKLI is going noway.

Wait to go long if break 891 today. It will be its third attempt.

9:42 am - Trade #6 is stopped out at 885

Trade #6 end with a 2.5 pts loss.

3:56 pm - Trade #6 looks to stop out soon.

Looking at the MACD, it did not cross at all. This is a mistake. Take a loss at 885.

Loss -2.5 pts.

3:12 pm - FKLi going nowhere for the time being.

It looks like it is going sideway. trail stop to 884.5.

11:19 am - Trade #6 long position is triggered.

Long position triggered at 888.5 and hit high of 889.
Stop loss at 884/884.5

10:56 am - Trade #6 is ready to go long 888.5 pts

Stop loss at 882.5 pts.

10:22 am - Trade #6 is ready for long at 888.5/889.

Waiting for MACD to cross up. 7 line change bar has set up nicely.

10:19 am - Trade #5 is triggered at 888

Loss of -2.5 pts.

Looking to go long at after MACD cross.

3:54 pm - FKLI hit lower at 883

Trail stop to 877.5

11:22 am - Trade #5 is shorted at 855.5

Trade #5 is initiated. Stop loss at 889.

11:13 am - Trade #5 is ready for short

Short at 885/885.5 as MACD above to cross down and 7 bar line change is violated. Daily pivot broken at 887.5.

Predicted low today = 884.0 pts.

10:27 am - FKLI is not going anyway but down.

FKLI hit high of 892 yesterday. Trail stop to 887.

Watch out, MACD about to cross down.

3:39 pm - Trail Trade #4 to 885.5

FKLI hit high of 891. Trail stops higher.

11:19 am - FKLI hit high at 889.5

It shud hit high of 890.5. Trail stop to 884.

10:16 am - FKLI is reversing from down to up.

The cash vol is 62 mil at 10 am. Projecting today cash vol closing 341 mil. So there are some institution buying today.

If it cannot break 888.5, it can be a resistance.

9:29 am - FKLI heading north today.

The last minute uptrend yesterday continue this morning. It is critical FKLI can closed above 884.5.

Daily Pivot
R2 = 888.5
R1 = 884.5
P = 880.0
S1 = 876

Trail stop to 882.5/882.0 pts.

5:17 pm - Trade #4 long position is triggered

Long position is triggered at 881.5 pts.

Stop loss = 877/877.5

Tomorrow pivot point.
R1 = 884.5
P = 880.0
S1 = 876.0

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.