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.