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-