3:36 pm - FKLI MACD cross over but there was no line change.

You have to wait for the line change to take out the high at 1153.5 to go long.

10:13 am - FKLI is holding up. Wait for MACD to cross up

Rather than buying on breakout. Buy on pullback at 50% when MACD had crossed. That way, your risk is smaller.

11:27 am - FKLI for Mar MACD crosses up but cannot take out the high of the yesterday

To go long, you need FKLI to take out the high 1190. Else no trade at this stage.

ATR is 19 pts. So, your stop is around 47.5 pts.

Too much for me.

So stay out ! else switch to shorter time frame e.g. 15 mins or 30 mins.

10:29 am - This is truly an eventful days

DJIA falls off by 400+ and wipe out USD 600 and now FKLI down for another 43 pts at 10.30 pm.

The ATR is 13 pts which mean stops are around 25-30 pts per contract. Too much to stomach ! Then stay out of the market until calm restored to determine the next course of action.

The uptrend will be considered broken if we have 5-6 daily bars down. It has registered 3 bars

5:26 pm - Huge selldown on FKLI as expected.

I cut my long position with a small loss and turn short today.

The Iran issues has panicked the market. I do not expect the market has breath and strength to move upward.

Watch for long and at the same time, trade smaller for short position.

5:15 pm - Trade #9 shorted at 1261 this morning.

Trail stop loss triggered at 1224.5. Profit +36.5 pts.

10:16 am - Trade #8 is stopped out at 1275.5

Loss of -3.5 pts.

1:14 pm - Trade #8 is long at 1278

Stop loss at 1270.5

9:55 pm - Trade #7 is stopped out at 1256.5

Profit +18.5 pts.

The FKLI eod chart register a doji candle. A good signal for toppish market.

12:32 noon - FKLI hit 1249

Trail stop to 1236.5

8:47 pm - Trail stop to 1295.5

MKt gap up by 10 pts. Not a good sign.

8:47 pm - Trail stop to 1295.5

MKt gap up by 10 pts. Not a good sign.

4:11 pm - Trade #6 is stopped out at 1230.5

Short covering today led to FKLI close higher.

Long position trade #7 is triggered at 1238. Stop loss at 1255.5

7:57 am - FKLI went under 50 MA, it is a short signal.

Trade #6 was shorted at 1224.0. Stop loss at 1030.5

2:50 pm - At this stage when cash market hits 2.34 billion vol

This is the stage where cash mkt may have climated and reversal is coming soon.

If going long, do small contracts only.

10:09 am - Looking for FKLI today to cross up

So far, the indicators for long is weak and it is not advisable to short either.

Wait for long position.

11:34 pm - Trade #5 is stopped out today at 1229.5

This is the biggest win so far with 4 contracts +52.5 pts per contract.

3:20 pm - Trail stop to 1125.5

8:46 pm - Trail stop loss to 1214.5

8:41 pm - FKLI Feb hits high at 1208

Current stop loss at 1198.0

12:17 pm - Rollover trade #5

Jan contract closes at 1182 and bought Feb contract at 1177.

Jan contract profit +8.5 pts.

Stop loss for Feb contract 1194.0

12:04 am - Trade #5 is triggered long at 1173.5

stop loss at 1167.5

8:22 pm - Trade #4 is out at 1173

Profit +23 pts.

2:35 pm - Long Trade #4 at 1150

Stop loss at 1142.5

4:05 am - Waiting for FKLI to cross up before taking some more position.

1:01 pm - Trade #3 is stopped out at 1136.5

Loss -3 pts.

Trade #3 is triggered long this morning. Enter at 1139.5

Stop loss now at 1133.5

Trade #2 is stopped out at 1122.5

Profit +15 pts.

9:51 am - Trade #2 was triggered long yesterday at 1107.5

Stop loss at 1116.5

10:14 : Here are the results of the last 20 trades

Trade date begin : 22 Aug 06
Trade date end : 2 Jan 07

Size of contract : 3
No of trades : 20
Net Profit : RM 22,165
Average win per trade : RM1,847
Average loss per trade : RM 343
Largest loss : RM 915
Largest win : RM 4,410
% of Winnings = 60%
Profit Factor = 10.11
Reward/Risk = 5.38

10:02 am - Trade #1 triggered short at 1103.

Stop out within the same day at 1097.5. Profit +5.5 pts.

8:51 am - FKLI cannot break higher than 1120.5 for today.

From the outlook of chart, we may have reached at resistance at 1128.5 despite what the experts are saying how bullish it is.

3:43 pm - Waiting for the MACD to tell if I shud go long or short.

The daily candlestick is bearish after registering a doji bar yesterday. If today bar closes below 1115.5, the trend is bearish on short term.

3:32 pm - Trade #20 is stopped out at 1114.5

Profit +10 pts.

1:12 pm - FKLI Jan cross over at the opening.

Long at 10 am at 1104.5. Stop loss now at 1102.0

5:39 pm - Finally, the FKLI is crossing down.

Today is the end of the year 2006 trading. I believe I had a good year in trading. Trading returns is almost 60%. I believe the systems work. Cut your losses fast and let the profits run.

Have a good year for 2007 and make sure you have a trading goals ready for 2007.

Happy New Year.

I am think to go long at this stage. Wait until market re-opens on Jan 3, 2007

5:11 pm - No long position triggered as the 7 bar line change happens at 4-5 pm.

No position taken.

5:09 pm - Trade #19 is triggered short at 1071

Stop out at 1062. Profit +9 pts.

4:56 pm - Trade #18 is stopped out at 1062

Profit of +9 pts.

9:55 am - Update : Trade #18 triggered long at 1071.

Stopped out at 1082. Profit +11 pts.

9:53 am - Trade #17 stopped out at 1067.

Update : Short trade #17 works well +23.5 pts

4:37 pm - Trade #17 is triggered short at 1090.5

Stop loss now at 1097.5

1:07 pm - FKLI drop 50 points due to no buyer at the bottom.

Trade #15 is out at 1100.5 Profit +9.5 pts.

What a interesting morning to begin. At 9.26 am and within a span of 2 mins. from 1105.5 it drops to 1050 and went back to 1105.5.

Explanation : The market is getting very bearish at the top.

5:18 pm - FKLI hits 1100 and trading at 12 pts premium.

Trail stop to 1091.5

5:01 am - FKLI has gone way, way premium

Almost 11 point premium now. Trail stop to 1090.5

4:52 pm - FKLI hits high at 1097.0

Trail stop to 1088.5

2:29 pm - Trade #15 is long at 1091.0

Stop loss at 1083.5

2:25 pm - Trade #14 stopped out at 1070.5 for Dec contract

Profit +9.5 pts.

3:41 pm - Trail stop to 1070.5 for Dec contract

3:37 pm - FKLI Nov hits 1085.5

That is the highest I have seen for a long time.

FKLI Dec is playing catch up. It is now 1080.5

3:18 pm - FKLI Dec contract hits 1079.0

Trail stop to 1069.5

11:04 am - FKLI hits new high 1076

Remember this too will past.

10:16 am - FKLI hits new high of 1073 - high over 7 years

New high been achieved.

10:13 am - Trade #14 long for Dec contract at 1061 yesterday

Trail stop to 1062.5

10:04 am - DJIA -158 drop last nite. Big impact to FKLI and Cash market

FKLI market gap down and sell down to 1056. Got out at 1062.5. Profits +30.5

5:16 pm - FKLI hits high of 1069.5

Trail stops to 1062.5 pts.

10:22 am - FKLI hits high of 1065.5

Trail stops to 1059.5/1060 pts.

4:47 pm - FKLi hits new high at 1059.5

Trail stop to 1053.5

10:11 am - FKLI hits high of 1052.5

trail stop to 1046.5 pts.

11:03 am - FKLi hits high at 1045.

Trail stop to 1037.0

5:07 pm - Trade #13 is triggered long at 1032

FKLI hit 1037 and stop trail to 1030

11:55 am - Trade #11 stopped out at 1024.5

Profit on hand +17 pts.

10:23 am - Trail stop to 1024.5

9:24 pm : the highest closing level since July 1997

The underlying KLCI, which traded at a premium to the
futures market, rose 10.28 points to 1,030.09.

The last high was 1021 back in Feb 2000. We are witnessing history here !

4:58 pm - FKLI hit high of 1027.5

Notice that FKLi hit 1036 on 18 Feb 2000. This is the last high. We are 8.5 pts from the last high.

3:12 pm - Trail stops to 1017.5 pts.

10:27 am - Trail stop to 1016.5 pts.

Trail is in the money +9 pts.

2:53 pm - Trail stop to 1010.5

10:58 am - Trail stop to 1010.0

10:08 am - Trail stop to 1009.0

3:18 am - Trade #11 is triggered long at 1007.5

Stop loss at 1004

4:00 pm - Futures market is taking a beating due to Democrats winning the election.

Expect DJIA to take a hit tonite.

FKLi is trading with a lot of volatility

3:07 pm - Stop triggered at 1002.5

Profit +1 pts.

9:47 pm - Cash is beginning its run with foreign funds buying

It is good to know that this breakout is not fake and the volume is huge but not climatic yet. Normally at the peak, you wud see huge tremendous volume just before reversal.

9:41 pm - FKLI hit 1007.5 and Cash closes above 1,000 pts.

The STAR business section has highlighted that the market hits above 1,000 pts. Caution from this point.

1:13 pm - Trail stop to 997.5 pts.

10:02 am - Trade #10 is triggered long at 1001.5

Stop loss at 996.5

11:33 am - Trade #9 out at 993.5

Profit +11.5 pts

3:01 pm - Trail stop to 993.5

11:31 am - Trail stop to 991

7:32 pm - Trail stop to 990.5

4:50 pm - Trail stop at 990

2:49 pm - Trail stop to 985.5

9:03 am - Trade #9 is triggered long at 982.0

This was the trade for yesterday.

9:46 am - Stopped out at 983.5

Profit +7.5

9:22 am - FKLI stop loss at 983.5

4:24 pm - Trail stop to 979.5 for trade #8

11:19 am - Trade #8 is triggered long at 976.0

Stop loss at 973.0

4:23 pm - FKLI MACD is down but above 50MA

Be ready to go long again when MACD cross up again.

3:59 pm - Trail stop to 977

stop out at 977.0. Profit 15 pts.

9:23 : Trail stop to 976

4:05 pm - Trail stop to 975.5

9:43 am - Trail stop to 974.5

4:46 pm - Trail stop to 970.0

12:47 pm - Trail stop to 968.5 pts.

11:33 am - Volume for cash is coming in nicely !

I think this is breakout for real !

11:04 am - Trade #7 is triggered long at 968.5

Stop loss at 966.5

10:49 am - Trading is becoming increasing difficult

Look like the FKLI market is going sideway for a long time.

11:06 am - Stop out at 963

Profit +1 pt

10:26 am - Trail stop to 963.0

Trade is in the money +1 pt.