2:56 pm - Short April at 923.0 for trade #8

Stop loss at 927.5

11:29 am - Cash is turning south.

FKLi MACD had crossed yesterday. We are targeting April contract from now. After MACD crossed down, we can take short signal at 923 for breakout or short on pullback
at 927/927.5.

The order for short is for today which is within the 7 line bar change since MACD cross down.

Daily April Pivot
R1 = 932.0
P = 929.33
S1 = 926.5

12:28 pm - Stop triggered at 932.5

trade #7 is out at 12 pts profit.

9:47 am - FKLI hits higher to 935.5

This is the higher it got since last high. Trail stop to 932.5

5:19 pm - Stop at 930.5

In the money +10 pts for Trade #7

5:07 pm - cash mkt break 932 and above.

It is important that FKLI break 932.5 and higher. Trail stop higher to 930.5

11:25 pm - FKLI still remained at 932.5

Trail stop to 929.5/930.0

5:12 pm - FKLI hits 932.5

Trail stops to 930.

5:02 pm - FKLI hit 931

Trail stop to 928.5

4:54 pm - FKLI hits 929.5

Trail stop to 927.5 for trade #7

4:31 pm - FKLI hits 929 again

Trail stop to 926.5

10:42 : FKLI gap up to 929

Trail stop to 926.5

12:30 noon - FKLI is trading at par now to cash mkt

It still has 5 days to closing and wud see FKLI pullback on Monday before it converge on friday.

12:29 pm - FKLI hits 926.

Trail stop loss to 923/923.5

10:23 am - FKLI hit high at 925

Trail stop to 922.5/922.0

11:26 am - FKLI trade #7 is long at 920.5

FKLI MACD cross up and 7 line change occur for buy signal.

Stop loss at 918.5

8:21 pm - This is the worst that can happen to a trader

THe FKLI market average daily range is 2.5 pts. What a day ? The mkt is moving sideway and the volume is so low at 795 that everyone goes into sleep.

5:48 pm - FKLI trade #6 ended with -0.5 loss

Stop out at 918.5 with entry at 919 for long position.

9:35 am - FKLI hits 919.5

Trail stop to 916.5.

3:41 pm - FKLI hit 918 and MACD cross up

Buy signal is up. Trade #6 is long at 919.0

Stop loss at 915.5

11:18 am - FKLI trade #5 is stopped at 918.0

Loss at 2.5 pts.

3:33 pm - FKLI Trade #5 is shorted at 915.5

MACD had crossed down with 7 bars line change and below 50MA. All short setup and short signal is triggered.

Stop loss is 918.5/919.0

11:58 am - FKLI is not going anywhere

Wait for the setup.

5:02 pm - Stop out at 918

No loss. MACD had turn down. Looks like it is sideway from here onwards.

3:42 pm - Trail stop to 918.0

10:00 pm - Trade #5 is long at 918.0

Stop loss at 914.5. FKLI MACD cross up and long signal is on.

2:35 pm - FKLI is near is 61.8% retracement high of 919

FKLi high was at 918 and near 919.5/920.0. If it can break this resistance, FKLI is trending higher.

4:15 pm - FKLI has broken above 50MA at 912

The FKLI did break upside at the middle of MACD, it maybe due to short covering by EOD trader. The short covering by hrly trader was yesterday.

Yes, we do miss this kind of run.

Upside capped at 919.5/920.0 at 61% retracement

10:02 am - FKLI has broken 910.5

FKLi is the middle of MACD so no buy signal. Let this one thru.

3:08 pm - FKLI has cross up and not break 910.5

FKLI is already in the midst of MACD. No long signal despite there is a long setup

9:51 am - FKLI is showing bullish divergence

As the price is dropping lower, but the MACD is moving higher.

A good setup for long position is in the making.

The long entry is at 911/911.5

9:51 am - FKLI Trade #4 is stopped out

Stop loss at 909. Loss -4 pts.

4:25 pm - Trade #4 is on - Short at 905

stop loss at 909/909.5

4:21 pm - FKLI short setup and short signal on

Short at 905.0

3:17 pm - FKLi selldown to 907.5

FKLi cannot break upside of 912.5

11:42 am - After 4 days of consecutive down days

This is a short covering activities where shortists cover their short position by going long and we see a upsurge in the FKLI.

11:15 am - Cash is currently at 50% retracement of Fibonacci

This is a common pattern of Cash mkt retrace to 50% of the mkt at 911.3

10:54 am - FKLI did cross up and long setup is on

Look to buy if it break 912.5

4:52 pm - FKLI : Look to go long at 915 pts.

The daily pivot is 916.33, R1 = 919.58 and S1 = 913.0

FKLI need to stay about 913 for long setup.

4:35 pm - FKLI has been down for 4 consecutive days

There is a high chance of the FKLI to rebound after 4 days of down. Yes, we did miss the short signal but we do not catch them all the time.

Remember risk and money management to prudent futures trading.

Watch for the long setup and buy signal.

6:35 pm - FKLI could cross up and selldown

FKLI cud not cross up to 920.5 and beyond and roll down hill.

There was no opportunity to long and it is in the downtrend as MACD had cross down.

3:55 pm - Alert for long setup at 920.0/920.5

Wait for these level for long setup

12:10 pm - FKLI hit low at 916.0

FKLI is overweigh to selldown.

10:31 am - Cash was oversold yesterday. Wait for long set up

12:26 pm - FKLI did not cross up and selldown

Wait for 50 MA to cross down to go short. But not now.

5:07 pm - FKLI March abt to cross up

Ready to go long. entry at 928.0/928.5 pts.

3:28 pm - FKLI had crossed down

Wait for the long setup now ...

12:14 pm - FKLI March has crossed down

Look out for Long setup when FKLI March MACD to cross up.

10:40 am - FKLI March is crossing down.

IF FKLI March cannot break 927, it is going to cross down. However, it is still far from 922 (below 50MA) to go short.

10:11 am - FKLI Feb contract is closing today.

Cash gap up and it is not a good sign at the high of 931 and above.

FKLI reacts by gap down. If cash holds on, FKLI wud pick up by lunch.

10:56 am - FKLI rollover is still on with limited volume

There may be some opportunity in the this week for long position. Look for setup and buy signal.

4:20 pm - March FKLI has cross up similar to Feb FKLI

There were no cross down for March FKLI and March FKLI cross up again to push up to 922.5.

Stay out for the time being.

4:17 pm - FKLI MACD to cross up

This is not a buy signal as this is part of the earlier cross up which occurred yesterday.

2:34 pm - FKLI is very choppy now.

FKLI is trendless now and it depends on news to move.

2:22 pm - Trade #2 was stopped out at 923.0

Tighten my stop to 923.0. Loss -2 pts.

This is record loss for 6 consecutive losses. But average losses per trade is 2 pts.

I am waiting for the next winning.

4:12 pm - Trade #2 is long at 925.0

Long position is triggered at 925.0.

stop loss at 922.5/922.0

11:19 am - FKLI long setup is forming

Ready for MACD to cross up and long at 924.5/924.0 for Feb Mth or 920.5/921.0 for March Mth.

March Mth wud be better if we can carry the contract longer than Feb Mth.

10:44 am - FKLI is holding on its support 924/924.5

It did break below 923.0 and shot back to 924.0

By ready to go long. The long setup is in the making.

12:49 pm - FKLI sell down to 924

I think FKLi is going to selldown lower. However, there is not short setup or sell signal.

Opt to sit this one out.

10:14 am - FKLI is becoming unpredictable

Mkt gap up to 929 (+1 pt) and top at 931 and then selldown. It is difficult to trade until the last few days of the month from 21 Feb onwards.

FKLI has to break 933.5 to go long and break 924.5 to go short. Else it is ranging.

5:11 am - Trade #1 is stopped out at 928.5

Loss -2 pt. Trading is not all rosy.

4:01 pm - Cash looks strong today +2.93 pts = 930

Tighten stops to 928.5

3:01pm - FKLI did not hit the 929.5 stop

FKLI is still trading sideway, refusing to go down.

4:42 pm - Trade #1 is short at 926.5

MACD cross down and hit below 50MA. Short position is initiated.

Stop loss is at 929.5

4:14 pm - FKLI MACD had crossed down

Need to wait for it to crack below 50MA for short. Else sit out until the wash is completed before going long again.

3:08 pm - FKLI stop out at 929.5

Trade #20 ends with a loss 3 pts.

11:16 am - Trade #20 is long at 932.5

Stop loss at 929.5

4:35 pm - FKLI long setup is here and buy signal is here.

Based on many false signals over last week, I waiting for this to break 931.0. i.e. it has to break 931.5.

If this break, it wud be the 3rd time.

2:41 pm - Trade #19 stopped out at 929.0

Short position was not successfully. Loss of 3.5 pts.

FKLI moving sideway and we wud see of lot of entry setup and stop out.

That's trading.

10.00 am - Trail stop lower to 929.0

9:48 pm - FKLI gap up to 928 and hit 929 high

The stop at 929.5 pts was not triggered and selldown to 925.0

Generally, gap up is good day to short FKLI.

4:25 pm - FKLI short position Trade #19 is triggered short at 925.5

stop loss at 929.5

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