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.

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.

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-

2:22 pm - Trade #12 for FKLI Aug is triggered at 934.5

The Aug mth FKLI MACD did cross up with 7 bar line chg signify long position. It took out the last high at 932 and with 2 pts buffer, the long position is on at 934.5.

I was out of the office so the trade is not taken.

2:13 pm - FKLI is now at 937. trading at premium of 2.7

Rgds,

-Martin Wong-

10:12 am - FKLI break to 938.5 but no long signal yet

My long position has not turn buy yet even MACD did cross up, the 1st bar at
the point after MACD did cross up, the high must be higher than the last
bar.

However, the bar was the same. Hence, no buy signal at 938.5. It had to
break 938.5 and higher.

Rgds,

-Martin Wong-

9:44 am - FKLI open weak at 932

Looking to short the market. However, FKLI has not crossed the 50 MA. No
signal to short yet.

Rgds,

-Martin Wong-

5:08 pm - Call Broker to close trade #11 at 932.5

Trade #11 closed at 932.5 = +3.5 pts.

Rgds,

-Martin Wong-

3:41 pm - FKLI won not break down beyond 932.

Watch out the Bollinger Band, it is narrowing now. Watch out for the MACD
cross up if it is crossing.

My stops is higher at 931.5

Rgds,

-Martin Wong-

1:26 pm - MACD had crossed down.

I can take profit at 933 but I choose to let the FKLI to take me out.

Rgds,

-Martin Wong-

1:05 pm - Cash is down 4 pts but FKLI is holding on

My stop stay at 931.0

Rgds,

-Martin Wong-

3:31 pm - FKLi selling down and MACD abt to cross down

I move up my stop to 931.0 which 3 ticks below today low at 932.5.

I wud let the mkt take me out.

Rgds,

-Martin Wong-

1:08 pm - FKLI closed for lunch @ 937.5 with High 938.5

A close above 936 is very good today. My stop remained at 930

Rgds,

-Martin Wong-

12:01 noon - FKLI wud experience some selling today

Trail my stop to 930 way past my entry point.

Rgds,

-Martin Wong-

5:19 pm - Out until now & trade Trade #11 at 929

Finally, the peg is abandoned and the Fkli shot up but close at a discount
-7.69 pts. The good news is that the closing of cash overtook the opening of
today. So I do not see a selling so soon yet. But who knows !

My trade #10 was closed yesterday just before MOC at 918.5. Luckily for me
else I wud have to get out today at the opening at 927.

Trade #10 : -0.5 pts.

I did something bad today i.e. in the morning. I did not plan for Trade #11
but traded without my charts. I traded based on my entry price wud be 923.5
if it opens today. The market open at 927 and went down to 924.5.

I place my 929 at 9.15 am and executed and it went down to my stop. My
disaster stop is at 6.5 pts which is at 922.5.

I WAS LUCKY as the today low's is 923. Else I wud out with a loss instead a
win today. My current stop is at 926.

I know I have to take the trade today even if I have not the charts in front
of me. I WAS LUCKY TODAY.

Let's see how the trade #11 wud end on Monday 25 July 2005

Rgds,

-Martin Wong-

4:57 pm - Trail my stop to 921.5

4:47 pm - Trade #10 not working out very well !

I wud closed off Trade #10 at the end of the day or first profitable opening on Friday. I have to watch very closely the MACD and 50MA. My stop is at 922 and I wud go long at 923.5/924.

I wud not use a ATR stop here but go out with a small profit.

12:57 noon - Trade #10 is a short position at 918

Rgds,

-Martin Wong-

10:37 am - Trade #9 was triggered @ 924 during 5 pm selldown.

This morning FKLI gap up - difficult to trade as I am not sure as it can go
either way. However, by 10:30 am, it is obvious that it is profit taking
day. Mkt zoom down to 916. Some one is holding a very big size contract. I
bet this guy is hurting if he bought at 920 and above.

Trade #9 : +3 pts. small profit. If you cannot be happy with small profit,
you can never trade well.

Trade #10 is setting up now. However, the short signal set up is not great. You have the low at 916. Place Trade #10 short at 918. Stop at 922. Unless FKLI break 914 or lower, this trade is not profitable. Beside, I am trading counter trend.

BTW, i am having a fever and told some medication. I need to rest else I wud not trade well.

Rgds,

-Martin Wong-

11:23 am - FKLI hit new high at 929

Thus, bring my stop higher to 922.

Rgds,
-martin-

10:58 am - Trail my stop higher to 920

FKLI break 926.5 and critically touch last high 927.5.

Rgds,
-martin-

10:54 am - Cash breaks 920 for the 2nd attempt.

It is interesting to note than when cash breaks 920, fkli breaks 925. There must be a lot of desperate trader trying to get in now.

Think of selling now.

Rgds,
-martin-

10:46 am - Stay with the long position trend.

Stop is in place @919. If cash mkt close above 920, it is good day.

The resistance at 925 is hard to break. Shud I worry ? No, the fkli wud do
what it wanted to do - up, down or sideway.

Rgds,

-Martin Wong-

5:15 pm - Indeed the FKLI closed above 918.5 i.e. 923.5.

My stop is at 919. So if I get stop out at 919, I lose 2 pts only.

Rgds,

-Martin Wong-

4:31 pm - Just follow your system

If I have backtested thoroughly the system, just follow it and I wud be in
the best place to place my trade.

In this case, I have entered long at 921 away from the rest of the crowd
(mkt is hitting 925). It is comfortable trading from here.

Read Mark Douglas "Trading in The ZONE". This is the area that Douglas is
talking about.

Rgds,

-Martin Wong-

3:34 pm - Watch out for 50MA on the FKLi hrly chart.

It is a very powerful trend indicator. Below 50MA, prepare to go short and
above 50MA, go long instead.

Rgds,

-Martin Wong-

3:32 pm - Broke thru last high 921.5 and tested 922.0

Rgds,

-Martin Wong-

3:09 pm - It is important to see where FKLI wud close today

From the pivot calculation, if it closed above 918.5, it is a good day else the trade wud not work out.

2:51 pm - Trade #9 is on long position. Park at 920.5 and got it 921.

I now parked my disaster stop loss at 915.5. (It remind to put in my buy
stop at 920.5 earlier than 10:51 am, else I wud not have slippage of 0.5 pt. )

I think it is best to put in before the mkt opens.

Rgds,

-Martin Wong-

12:11 am - My long order for 920.5 is with my broker

The FKLI mkt broke the 918.5 and touch 920.

Rgds,

-Martin Wong-

11:26 am : Again the Bollinger Band is narrowing and ATR dropping

The FKLI bands are going to explode. Which way ? I do not know. Just go with
the flow. For short position there's strong resistance at 914/915. That's
leave the long side.

Watch the market.

Rgds,

-Martin Wong-

11:24 am - Watch out for MACD to cross up for Long Position

Holding on 914/915. Long Position entry wud be still 918.5+2 pts @ 920.5
pts.

Have Patience.

Rgds,

-Martin Wong-

1:02 pm : FKLI is holding at 915/916 allowing me to wait for the long position

Good place to long at 918.5 + 2 pts = 920.5 pts.

Rgds,

-Martin Wong-

9:52 am : FKLI open at 916 and touching lower portion of the Bollinger Bang.

Watch out 913.5/914.5. If it breaks down (selldown), it is going down. How
far ? How shud I know ? Since I miss the short position, looking to go
long.

Rgds,

-Martin Wong-

6:37 pm - No Short Signal Plan yet for Monday 18 July 2005

I am not sure if Monday is a sell down day. Anyway, if it cross 50 MA for
hrly chart, it is short day but I think I missed the short entry.

50MA is 914.5.

Rgds,

-Martin Wong-

6:13 pm - The mkt will always do what it does

Never worries what the mkt does, worries what are you going to do next !

Rgds,

-Martin Wong-

6:09 am - FKLI selldown to 915 after cash mkt close

Never regret about taking money off the table. Let someelse worry abt that
problem.

Rgds,

-Martin Wong-

10:04 am : Broker called - Trade #7 & #8 stop out at 922.5

When I look back at time and sales of bid and ask, there were a huge
selldown from 9.19 am to 9.24 am which trigger my stop.

Trade #7: +18 pts
Trade #8: + 4pts

The market gives small profit. If you are happy with small profit and wait
for the big one, it wud come (see trade #7).

I am happy with the trade results for this week.

Rgds,

-Martin Wong-

9:00 am - Trade #7 being riden since Mon.

Do I take profit today ? I do not know. I let the market take me out. As the
mkt close higher, I trail the stop higher.

Rgds,

-Martin Wong-

8:52 am - Friday morning FKLI hit higher - Trail stop higher

Good overnite DJIA closing usually makes FKLI jumpy (do not take this as a
buy signal though)

Rgds,

-Martin Wong-

4.30 pm - FKLI hit high 924.5 - Raise trailing stop.

Rgds,

-Martin Wong-

Weekly KLCI median range - 14.5 pts

Looking back to FKLI statistics table, the weekly median is 14.5 pts. The
week open (Mon) with 903 and it now 921 (3.20 pm). It is +3.5 pts - a figure
well above its median (right side of bell curve).

The monthly median range is 42.5 pts i.e. well above the current 18 pts
(921-903). Meaning, it has 24.5 more pts to go.

Interesting stats to know but do not let it carry away your greed.

Trail your stop.

Rgds,

-Martin Wong-

FKLI hit High 922 - Trail stops higher

For each time, FKLI hit high, I trail the stop higher.

Fire ! Trade #8 long FKLI position @ 918.5

Call the broker at 8.46 am to park my buy stop @918.5. I believe if you can park with the broker earlier, you do not get slippage that often.

Again, I do not know where and how high the mkt is going to go.

Just stay with the trend.

Rgds,

-Martin Wong-

Trail my stop higher for Trade #7 this morning.

Rgds,

-Martin Wong-

Narrowing of FKLI Bollinger Band - Wed afternoon - Breakout ???

I got a funny feeling, there is going to be big bang (breakout) from 3 pm
onwards. I am not sure which way - up or down.

Just got a posting from a local remisier in CIMB who were impressed with the
ATR stop - keep't trade #7 in trend.

God of Trading kind to me - 4W/3L

Discipline to follow my system consistently wud produce predictable results.

Trading is very simple and at times boring.

Rgds,

-Martin Wong-

Trade Position #7 -FKLI Long @ 904.5 and staying with the trend

Trade no. #7 register a long buy signals on Monday 11 July 2005.

Order executed @904.5 as Monday market open at 903. My stop is well below the market random volalitity

Stay with the trend.

As usual, I cannot predict what the market wud do.

Rgds,

-Martin Wong-

1st Posting

The reason for this posting is to reflect my daily thoughts of how I trade and live a professional trader.