4:18 pm - FKLI is hovering above 50MA.

FKLI MACD is abt to cross down. Set short position to go short at 925.5/925.0

4:06 pm - FKLI Trade #18 stopped out at 926.5

Break Even.

3:35 pm - Trail stop higher to 926.5

11:25 am - Tighten stop to 926.0

9:37 am : FKLI hits high of 930.5

Trail stops to 925.5 pts.

11:11 am - Tighten stops to 923.5

Trade #18 is going noway, so tighten stop

11:04 am - FKLI looks like going on a sideway trend

During mid month, FKLI can do sideway movement a lot.

10:56 am - FKLI has not gone beyond 923

Trail stop higher to 923.0

3:30 pm - Trade #18 is long at 926.5

Stop loss at 922.5

10:13 am - FKLI gap up and cannot go down further

FKLI MACD about to cross up. It has to break 926.0 for a long signal.

Trade #18 is position to long at 926.5/927.0

11:25 am - After wash up to 928, FKLI prepare to selldown

FKLI 50MA is at 921.5 and FKLi is low at 922.0. However, the MACD is the middle.
So there is no setup but a short signal.

Stay out until it cross down and below 50MA.

Yes, this is a good location to short but it is NOT part of MACD setup.

10:10 am - FKLi cannot hold to up and run up

As all the short position got out, the FKLI return back to 925/926.0

9:49 am - FKLI just cannot break 923 - 3 times

As FKLI cannot break the support at 923.0 and time passes by, more and more traders are eager to get out of their short position (like myself), they tighten their stops.

Naturally, all the stops were triggered all the way to 928.0.

I was in yesterday at 924.5 and got stopped out at 926/926.5. My short setup is not based on MACD cross down.

10:13 am - FKLI continues to sell down

FKLi is having a healthy retracement at this point. But at this point, no short position signal nor setup until 50MA is breached.

10:09 am - Short FKLI after 6 days of uptrend

Yesterday, I shorted trade #17 at 930 just after lunch at 2.33 pm when MACD abt to cross down with a stop at 931.5.

There was a wash up to 933.0 before the 4 pm selldown. Stopped out at 931.5

Small loss of 1.5 pts.

10:21 am - FKLI hits high at 931.5 and wud not go higher

At this junction, my stop of 2.0 ATR is at 927.0

Trade #16 is stopped out at 927.0 pt. Profit of 27 pts.

A record win for this year.

9:31 pm - FKLI hits new high at 930.5

Trail stop to 926.

3:57 pm - KLCI cash market buckles against regional markets

Cash market is going against regional markets. This is due to KLCI is out of sync with the world since CNY. However, klci trend wud follow regional

FKLI has been up for 5 days. So, start to think of going short. However, wait for sell setup and short signal.

FKLI last reach high of 931.5 in Sept 2005. If it touches it, it wud the 2nd time it fail to break the 931/931.5 resistance.

Trail stop to 925.0.

10:53 am - CNY rally is still on

I am surprised to see CNY rally is continuing. If it breaks 930, we have a change in the trend.

10:45 am - FKLI hits high at 926

Trail stop lower to 921.5

5:17 pm - FKLI hits high at 921.5

Trail stop to 916.5 pt. Trade #16 is in the money -> 16.5 pts.

This is the big fish that comes once per mth or two mth.

The FKLI opens next Fri. It wud be interesting to see how it goes since it is out of sync for a week with the regional mkt. Nikkei is up +350 pts. That's fantastic.

See how DJIA wud work out tonite.

1:07 pm - FKLI holding on higher to 919

Stops remained at 915.0.

10:22 am - FKLI hits high at 919.5

FKLI has been trailing up for 3 days or more or 25 bars. At 25 bars, trail your stop tighten your to 915.

This is a good month. CNY rally did come back after all.

5:49 pm - Institution rollover of Jan to Feb 2006 completed

As the rollover is almost completed, FKLI for Feb hits high at 914. Trail stop to 909.0

12:12 pnm - FKLI cannot go higher.

Since FKLi is approaching the 20+ bars, tighten stop to 906.0

10:15 am - FKLI Feb hits high at 910

Trade #16 is trailed up to 905.5. In the money.

9:22 pm - FKLI Jan/Feb hit high at 907/912

Trade #16 is on Feb mth. Trail stop to 902.5. Trade is in the money.

12:04 pm - FKLI MACD cross up and buy signal is on.

Trade #16 is on. Long is on at 900.0.

Stop loss at 896.5

12:28 pm - FKLI showing bullish divergence

There is long setup coming soon. The FKLI price is moving down but the MACD is moving higher.


Watch out and tighten trade #15 to 901.0

11:53 am - Late update Trade #15 - Short at 903.5

Trade #15 short is triggered at 903.5.

Stop loss at 901.5

11:11 am - FKLI is in downtrend. CNY rally is over

The daily FKLI MACD has crossed down. It looks like a short position from now onwards.

CNY rally is over.

10:45 am - Trade #14 stop is triggered at 906.5

Loss of 3 pts.

10:28 am - This Jan mth is ending earlier due to CNY

We wud have shorter trading month. So the last trading is 27th Jan, 2006.

Therefore, institution wud be doing their mthly rollover of contract and MACD cross over gives occasional false buy or sell signal.

It is best to stay out during these time.

10:22 am - Trail stop higher to 906.5

I may close this trade if the MACD abt to cross down.

4:43 pm - Trail stop to 905

IF FKLI close above 908, it is in a good position.

12:45 pm - Trade #14 is on - Long at 909.5

Stop loss at 904.0 pt.

10:00 am - FKLI needs to break 909.5/909

FKLI needs to break these level to go long.

9:55 am - FKLI long setup is on

FKLI long setup i.e. MACD abt to cross up. However, FKLI gap up meaning likely to selldown.

Daily pivot at
R1 = 908.5
P = 905
S1 = 902.5

FKLi need to break 908.5 convincely for long buy signal.

1:55 pm - FKLI falls further

Yes, it can fall further but look for long setup and buy signal.

3:56 pm - Past this trade !

The MACD first crosses on the 12 Jan 06. Taking a short position now is not MACD system. It has been downtrend over 3 days.

Skip this trade as the short signal is mixed (not clear).

2:01 pm - Look to go short for FKLI

Look to go short at 913.5/913.0. MACD has cross down.

Bollinger Bands is narrowing and it can expand upside or downside. If it breaks upside, go long else breaks downside, go short.

3:00 pm - FKLI may be trending sideway from now.

Shorts are covering their position but longs are not buying. This is a FKLI sideway market.

2:49 pm - FKLI - Lot of short covering activities

Due to short covering their short position, FKLI hits higher to 919.

Look for long setup and buy signal at this point.

FKLI hits triple bottom at 912.5/913.0. It has strong support at this triple bottom.

10:15 am - FKLI breaking MA 50 today.

FKLi is trading at the mid of MACD. So I wud wait for the next cross down to short. Pass this one.

5:40 pm - FKLI hits retracement hit of 61.8%

From the Fibo no. FKLI does not look it can go up. The major resistance to break is 925.0 pt and FKLI hit 923.5 pts.

The EOD candlestick is a long doji tail - topping tail. Sign of resistance is strong.

FKLI is showing sign of bearish divergence. Look for short position now rather than long position.

Watch for the short setup and sell signal.

5:40 pm - FKLI hit high and go nowhere from here !

Trade #13 was triggered at 919.5 and stop out at 917.0 where MACD cross up this morning.

The trade was in and out within one day. This is a significant event as FKLI have exhausted its bullish run. The FKLI is evidently showing bearish divergence.

Trade #13 ended with a loss of 2.5 pts.

Lookup for FKLI to cross down at MA 50 to go short from here.

Think of short position more than long.

11:44 am - FKLI long position wud be at the eod

Wait for the FKLI price to come to you.

10:25 am - FKLI has crossed down. FKLI is overbought.

The FKLI has eased off its buying and into selling terrority. Look for long position at 916.5/917. Wait for setup and buy signal.

11:29 am - FKLI weekly range average for this week is 32.5 pts.

The max weekly range average for year 2005 is 33.5 pts.

Can FKLI breaks 917 ? Maybe but it is statistically against me to trend against the trend.

I waiting for Trade #13 to go long and short if below 50MA.

11:12 am - Trade #12 stopped out at 910.5

This is good start for the year 2006. Profit +19.5 pts for trade #12

I was in the trade for 19 bars.

It is interesting to note that cash is up but FKLI is selling down.

11:01 am - FKLI hits high at 917

Trail stop higher to 910.5 pts.

The 917 bar is long doji and it hit daily pivot resistance at 917.75.

So I reckon it cannot go up further and sell.

3:34 pm - FKLI today creates a new record outlier for average daily range

Year 2005 average daily range was 19.0 pts. I think this was also during CNY 2005.

Today daily range is 19.5 pts. (915-895.5)

Trail stop higher to 908/908.5 pts.

3:22 pm - FKLI hits another new high at 914

Trail stop to 907/907.5 pt.

3:19 pm - FKLI hits 913.5 new high

It is interesting to see FKLI and cash run up so fast due to foreign fund coming in to buy. As of now, cash vol. is 526 mil.

I have not seen this kind of vol for a long time.

Trail stop to 906.5/907 pt.

2:57 pm - FKLI There were a lot of short covering early in the morning.

The EOD short position trader and inst. covered their position by going long and hence pushing FKLI higher into premium terrority.

2:54 pm - FKLI hits new high at 911.5

Trail stop higher to 905.0 pts.

1:43 pm - FKLI cracks 900 resistance and cash cracks 902 resistance

CNY rally is on and it started as predicted. It may not last long. Protect your profits (MONEY on the table).

FKLI went from disc -1 pts to premium +6.0 just in few minutes. FKLI is bullish now. I have not seen it gone to premium for a long time.

Interesting note was FKLI is the leading indicator. It breaks 900 at 9.15 am and Cash break 902 at 10.10 am.

Trail stop up to 904 pts. Trade #12 is in the money.

5:07 pm - Possible of cash breaking 902 for the 3rd time

This is a powerful indicator that CNY rally is back for Jan 2006.

4:54 pm - FKLI breaks R1 at 893

FKLI has the habit of breaking 893 1st and then retrace back. This is due to stop being triggered by stops of short position.

It wud fall back and the 2nd time it break 893 - this is a confirmation that it wud go higher.

4:48 pm - cash discount is almost nil. Cash need to gain more ..

Cash disccount now stds at 1.0. This is very bullish mkt if there's a CNY rally.

Trail stop up to 890.5/891. I am almost in the money today.

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