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.