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

12:28 pm - FKLI showing bullish divergence

There is long setup coming soon. The FKLI price is moving down but the MACD is moving higher.


Watch out and tighten trade #15 to 901.0

11:53 am - Late update Trade #15 - Short at 903.5

Trade #15 short is triggered at 903.5.

Stop loss at 901.5

11:11 am - FKLI is in downtrend. CNY rally is over

The daily FKLI MACD has crossed down. It looks like a short position from now onwards.

CNY rally is over.

10:45 am - Trade #14 stop is triggered at 906.5

Loss of 3 pts.

10:28 am - This Jan mth is ending earlier due to CNY

We wud have shorter trading month. So the last trading is 27th Jan, 2006.

Therefore, institution wud be doing their mthly rollover of contract and MACD cross over gives occasional false buy or sell signal.

It is best to stay out during these time.

10:22 am - Trail stop higher to 906.5

I may close this trade if the MACD abt to cross down.

4:43 pm - Trail stop to 905

IF FKLI close above 908, it is in a good position.

12:45 pm - Trade #14 is on - Long at 909.5

Stop loss at 904.0 pt.

10:00 am - FKLI needs to break 909.5/909

FKLI needs to break these level to go long.

9:55 am - FKLI long setup is on

FKLI long setup i.e. MACD abt to cross up. However, FKLI gap up meaning likely to selldown.

Daily pivot at
R1 = 908.5
P = 905
S1 = 902.5

FKLi need to break 908.5 convincely for long buy signal.

1:55 pm - FKLI falls further

Yes, it can fall further but look for long setup and buy signal.

3:56 pm - Past this trade !

The MACD first crosses on the 12 Jan 06. Taking a short position now is not MACD system. It has been downtrend over 3 days.

Skip this trade as the short signal is mixed (not clear).

2:01 pm - Look to go short for FKLI

Look to go short at 913.5/913.0. MACD has cross down.

Bollinger Bands is narrowing and it can expand upside or downside. If it breaks upside, go long else breaks downside, go short.

3:00 pm - FKLI may be trending sideway from now.

Shorts are covering their position but longs are not buying. This is a FKLI sideway market.

2:49 pm - FKLI - Lot of short covering activities

Due to short covering their short position, FKLI hits higher to 919.

Look for long setup and buy signal at this point.

FKLI hits triple bottom at 912.5/913.0. It has strong support at this triple bottom.

10:15 am - FKLI breaking MA 50 today.

FKLi is trading at the mid of MACD. So I wud wait for the next cross down to short. Pass this one.

5:40 pm - FKLI hits retracement hit of 61.8%

From the Fibo no. FKLI does not look it can go up. The major resistance to break is 925.0 pt and FKLI hit 923.5 pts.

The EOD candlestick is a long doji tail - topping tail. Sign of resistance is strong.

FKLI is showing sign of bearish divergence. Look for short position now rather than long position.

Watch for the short setup and sell signal.

5:40 pm - FKLI hit high and go nowhere from here !

Trade #13 was triggered at 919.5 and stop out at 917.0 where MACD cross up this morning.

The trade was in and out within one day. This is a significant event as FKLI have exhausted its bullish run. The FKLI is evidently showing bearish divergence.

Trade #13 ended with a loss of 2.5 pts.

Lookup for FKLI to cross down at MA 50 to go short from here.

Think of short position more than long.

11:44 am - FKLI long position wud be at the eod

Wait for the FKLI price to come to you.

10:25 am - FKLI has crossed down. FKLI is overbought.

The FKLI has eased off its buying and into selling terrority. Look for long position at 916.5/917. Wait for setup and buy signal.

11:29 am - FKLI weekly range average for this week is 32.5 pts.

The max weekly range average for year 2005 is 33.5 pts.

Can FKLI breaks 917 ? Maybe but it is statistically against me to trend against the trend.

I waiting for Trade #13 to go long and short if below 50MA.

11:12 am - Trade #12 stopped out at 910.5

This is good start for the year 2006. Profit +19.5 pts for trade #12

I was in the trade for 19 bars.

It is interesting to note that cash is up but FKLI is selling down.

11:01 am - FKLI hits high at 917

Trail stop higher to 910.5 pts.

The 917 bar is long doji and it hit daily pivot resistance at 917.75.

So I reckon it cannot go up further and sell.

3:34 pm - FKLI today creates a new record outlier for average daily range

Year 2005 average daily range was 19.0 pts. I think this was also during CNY 2005.

Today daily range is 19.5 pts. (915-895.5)

Trail stop higher to 908/908.5 pts.

3:22 pm - FKLI hits another new high at 914

Trail stop to 907/907.5 pt.

3:19 pm - FKLI hits 913.5 new high

It is interesting to see FKLI and cash run up so fast due to foreign fund coming in to buy. As of now, cash vol. is 526 mil.

I have not seen this kind of vol for a long time.

Trail stop to 906.5/907 pt.

2:57 pm - FKLI There were a lot of short covering early in the morning.

The EOD short position trader and inst. covered their position by going long and hence pushing FKLI higher into premium terrority.

2:54 pm - FKLI hits new high at 911.5

Trail stop higher to 905.0 pts.

1:43 pm - FKLI cracks 900 resistance and cash cracks 902 resistance

CNY rally is on and it started as predicted. It may not last long. Protect your profits (MONEY on the table).

FKLI went from disc -1 pts to premium +6.0 just in few minutes. FKLI is bullish now. I have not seen it gone to premium for a long time.

Interesting note was FKLI is the leading indicator. It breaks 900 at 9.15 am and Cash break 902 at 10.10 am.

Trail stop up to 904 pts. Trade #12 is in the money.