4:15 pm - Trail stop to 1321.0

10:32 am - Long at 1327.0

Stop loss at 1315.5

10:51 am - Trade #20 stopped out 1310.5

Loss of 8 pts.

3:45 pm - FKLI MACD cross over - Long for trade 20

Long 1318.5. Stop loss at 1310.5

4:38 pm - Stop triggered at 1275.5

Profit +15.5 pt

3:01 pm - FKLI hits 1257 low

Trail stop to 1275.5

2:40 pm - Trail stop to 1281.5

10:38 am - I heard there is another round of selling in the China Market.

The price reflects before the news ! Prices first then news !

Trail stop to 1285.0

9:41 am - Ready to turn short now as it cross below 50MA

Short at 1291.0.

Stop loss at 1305.5

11:22 am - FKLI MACD had crossed down

Wait for 50MA before shorting.

12:03 am - all time 35 years high at 1322.91

It is interesting to note that the mkt is registering new high but selldown by futures.

Profit taking activities are now for the time being.


KUALA LUMPUR, April 17 (Bernama) -- The Kuala Lumpur Composite Index (KLCI)hit a new all-time high in early trading with gains seen on mostkey-heavyweights led by Tenaga Nasional, said dealers. The Composite Index (CI) rose 10.52 points to 1,333.43 after 45 minutes oftrading, slightly lower than 1,334.44 as at 9.18 am. It was opened at 1,326.64,up by 3.73 points. The dealers said the CI registered new high on buying of plantation counterson expectations of better earnings following the higher crude palm oil prices(CPO). The KLCI yesterday closed at an all-time high of 1,322.91, a new recordafter hitting 1,314.46 on Jan 5, 1994 at The Second Board Index perked 0.26 of a point to 102.87 and the Mesdaq Indexwas almost flat at 142.09, or up by 0.06 of a point. The Industrial Index rose 15.32 points to 2,603.58 and the Finance Indexjumped 32.41 points to 10,609.7. The FBMEmas gained 79.81 points to 8,963.29 and the FBM30 rose 94.16 pointsto 8,509.79. Gainers led losers by 442 to 214, while 292 counters were unchanged, 432untraded and another 33 suspended. Trading was moderate with 479.085 million shares worth RM535.231 millionchanging hands. -- MORE

12:01 am - Stop triggered at 1321 pts.

Profit +9 pts.

11:50 am - Trade #18 is long at 1312.

Trail stop loss to 1304.5

10:16 am - Trade #17 is triggered short at 1292.0

Stop loss at 1296.0

10:21 am - Waiting for the next trade - MACD to cross over.

10:14 am - Trade #16 is out at 1298

Profit +53

4:40 pm - Trail stop to 1275.0

Trade is in the money.

4:37 pm - Trail stop to 1268.0

2:40 pm - Trail stop to 1264.5

Trade is deep in the money.

9:47 am - Trail stop to 1261.0

4:05 pm - Trade #16 is triggered long at 1245

Stop loss at 1237

4:05 pm - Stop out at 1230

Loss of 5 pts.

3:02 pm - Short FKLI at 1225

Stop loss at 1230.0

2:58 pm - FKLI turn down and selldown after lunch

The mkt gap down but I got out at 1238.5 before the selldown to 1212.0

FKLI has turned down. Looking to go short now.

2:03 pm - Stop trigger at 1238.5

Profit +9.5 pts

6:06 pm - trail stop to 1222.5

7:37 pm - FKLI April contract long 1229.0

Stop loss at 1214.5

12:36 noon - FKLI April is looking good for a long position

Wait for confirmation when MACD cross over.

12:30 noon - Iran strikes US Navy and our cash mkt drops !

The FKLI is down -37.5 pts now.

12:05 noon - FKLI has crossed down since 23 Mar

Finally, FKLI is trading below 50MA and I am interested to short now.

12:04 am - Cash break down at 12 noon & if it close lower than yesterday low

This is a short trade opportunity !

5:59 pm - Trade is stopped out at 1234.5

Loss of -0.5 pts

12:00 am - Trail stop to 1233.5

11:30 am - FKLI move stop to 1128.5

10:40 am - Trail stop to 1220.0

9:18 am - Waiting for MACD to cross up but....

MACD shud cross up in the next hrs or so but it failed the 7 line change at 1164.5.

To go long, FKLI has to overcome resistance of 1164.5

9:18 am - Short position stopped out yesterday at 1133.5

Biggest loss so far -17.5 pts.

10:17 am - Trade #12 shorted at 1116

MACD cross down and below 50MA. Stop loss at 1141.0

9:51 am - Trade #11 stopped out at 1169

Loss of 3 pts.

11:04 am - Trade #11 is triggered long at 1172

Stop loss at 1153.

5:06 pm - Stopped out at 1115.5

Profit +15.5 pts

9:19 pm - Trail stop to 1087.5

10:45 am - MACD cross up - Went long at 1100

Stop loss at 1066.25

3:31 pm - Stopped at 1078.5. In morning and out afternoon

Profit +21.5 pts.

1:06 pm - MACD cross down and short at 1100 for trade #10

Stop loss at 1111.5 now.

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