CPO 8th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

outlook,
if 2491 and 2502 is holding well, possible CPO might seen at bottomed.
if break 2533 first bullish signal

FKLI 8th Dec 2009

As yesterday
short @1266.5 established. cut loss at 1271

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Possible that FKLI might be bottom around support level 1252.
too many cross over this support levels.
have to be very careful.

CPO 7th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
bullish but rersistance 2604, 2658

strategy,
if not lower 2510, 2463, 2445, apply long and hold strategy

FKLI 7th Dec 2009

As yesterday
short @1266.5 established. cut loss at 1271

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Yesterday, support levels at 1265 break, next is 1265.5, 1254.
further break lower shall indicates more selling pressure.
currently, short is preferable, cut loss prefered at 1279 or 1283

Strategy,
cautious, short if not break above 1277

Thought Of A Day.

Trading.

What is trading?

Some said trading is just a hobby. Meant to get some thrill in the process yet a possibility to earn income. Is it true?

Some said trading is a gambling activity. it's either up or down, win or loss, is it true?

CPO 4th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO low is 2463, 78.6% is 2458. seems not reach any projected levels.
However, big symmetric triangle form in hourly chart.
thinking complex correction formed. Wave C seems to touch 2458 levels.

Strategy,
wait and see.
lower 2458, short,
above 2458, long.

FKLI 4th Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Yesterday, support levels at 1268 break, next is 1265.5, 1254.
further break lower shall indicates more selling pressure.
currently, short is preferable, cut loss prefered at 1279 or 1283.

strategy,
try to short if open lower, cut loss on previous 15 min high.
try to long if break 1273.5. cut loss on previous 15 min low.

CPO 3rd Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO also trend deciding moment
78.6% is 2504. yesterday high at 2510.
if tomorrow break lower than 2477, then major correction might be happen
if tomorrow break at 2504, then long, cut loss at 2480.

FKLI 3rd Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Tomorrow is critical day.
If cant break 1277, 78.6% fibonacci levels, then it count as wave B or wave 2.
So FKLI must trade above 1277 to consider at uptrend resume

If break lower 1268, then almost certain wave B or wave 2, at 61.8% levels.
if this happened, then i think major wave 4 come in.

strategy,
wait and see, prepare to long if break higher, or sell if break support
trend deciding moment.

FKLI 2nd Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
if FKLI now break below 1261 and 1254, i think FKLI should be continue with upwards wave count on extension count.
another observation is FKLI must hold above 1281 at any time during trading session. else, it's possible is just rebound wave count at wave 2 or wave B.

strategy,
long, cut loss at 1260.

CPO 2nd Dec 2009

As yesterday,
Long position @2172 took profit at 2218, profit 36 points

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO seems bullish. however, must be able to hold above resistance levels at 2504 and 2521

Strategy,
long if break 2510, cut loss at previous 15 min bar low
long if break 2521, cut loss at previous hourly bar low

support seen at 2548. 78.6% fibonacci support levels

CPO 4th Nov 2009

As yesterday,
Long position established @2172.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
choppy day
retrace 61.8%@2160.
irregular correction, B is higher than 5 by 1 point. complete at 123.6%@2154

strategy,
seems like wave 2 complete.
should be wave 3 on the way.

FKLI 4th Nov 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
50% retrace @1236.
Double bottom,
neck line at 1251.5

strategy,
uptrend,
support at 1242,123, 1227

CPO 3rd Nov 2009

As yesterday,
Long position established @2172.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
retrace 61.8%@2160.
irregular correction, B is higher than 5 by 1 point. complete at 123.6%@2154

strategy,
seems like wave 2 complete.
should be wave on the way.

FKLI 2nd Nov 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
50% retrace @1236.
Double bottom,
neck line at 1251.5

strategy,
uptrend,
support at 1242,123, 1227

CPO 1st Nov 2009

As yesterday,
Long position established @2172.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
Pull back a bit.
support at 2130

strategy,
seems like wave 1 only complete.
wait wave 2

FKLI 1st Nov 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
50% retrace @1236.

strategy,
uptrend,
support at 1242,123, 1227

CPO 30th Oct 2009

As yesterday,
Long position established @2172.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
retracement at 50%
support at 2142 and 2100.

strategy,
wait til this wave 3 and wave 4 complete first, then only add position after wards.

FKLI 30th Oct 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
50% retrace @1236.

strategy,
uptrend,
support at 1242 and 1236

CPO 29th Oct 2009

As yesterday,
No position established.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
seems like minor Wave 5 finished.
Rising wedge seems formed in hourly chart
Should be short term bearish. support at 2100 regions.

strategy,
stay out awhile

FKLI 29th Oct 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
still bullish, support at 1242, 1233.5

strategy,
uptrend,
but cautious

CPO 28th Oct 2009

As yesterday,
No position established.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
seems like minor Wave 5 finished.
Rising wedge seems formed in hourly chart
Should be short term bearish. support at 2100 regions.

strategy,
stay out awhile

FKLI 28th Oct 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
still bullish, support at 1242, 1233.5

strategy,
uptrend,
but cautious

CPO 27th Oct 2009

As yesterday,
No position established.

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
seems like minor Wave 5 finished.
Rising wedge seems formed in hourly chart
Should be short term bearish. support at 2000 regions.

strategy,
stay out awhile

FKLI 27th Oct 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
still bullish, support at 1256.5, 1242, 1233.5

strategy,
uptrend,
but cautious

CPO 26th Oct 2009

As yesterday,
long @2113 ( Jan), half was took profit at 2155, another half at 2237
average price 2196, 83profit points
no position holding

Results.
1 safe, 2 con,11 losses, 15 win.
Average +455points/lot.

Outlook,
Wave 5 continue.
Rising wedge seems formed in hourly chart
support at 2194 and 2154 become very important.

strategy,
stay out awhile

FKLI 26th Oct 2009

As yesterday
long position @1251, took profit half at 1266.5, another half at 1268.5
average price is 1267.5, profit 16.5 points/lot
turn short position @1268, cut loss at 1270.5
stop triggered at 1270.5, loss 2.5 points
no position holding.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
still bullish

strategy,
uptrend,
but cautious

CPO 23th Oct 2009

As yesterday,
long @2113 ( Jan), half was took profit at 2155.
profit 42 points

Results.
1 safe, 2 con,11 losses, 14 win.
Average +372points/lot.

Outlook,
Wave 5 continue.
Rising wedge seems formed in hourly chart
support at 2194 and 2154 become very important.

strategy,
place stop near.
possible might calculate wrong wave count.
if break lower, must take profit fast.

FKLI 23th Oct 2009

As yesterday
long position @1251, took profit half at 1266.5
still holding half of all position

Results,
3 safe, 0 con, 16 losses, 8 win.
Average -48 points/lots

Outlook,
FKLI should be rested at 1255 levels, 61.8%. if well supported, should be traded higher.
support at 1255 and 1242.5

strategy,
uptrend,
but cautious.

CPO 20th Oct 2009

As yesterday,
long @2113 ( Jan), half was took profit at 2155.
profit 42 points

Results.
1 safe, 2 con,11 losses, 14 win.
Average +372points/lot.

Outlook,
Wave 5 continue.
sky is the limit.

strategy,
hold long position all the time, cut loss at 2095

FKLI 20th Oct 2009

As yesterday
long position @1251, took profit half at 1266.5
still holding half of all position


Results,
3 safe, 0 con, 16 losses, 8 win.
Average -48 points/lots

Outlook,
Should be topped around 1273,
retrace slightly, then go up again.
overall, still uptrend

strategy,
uptrend,
but cautious.

CPO 19th Oct 2009

As yesterday,
long @2113 ( Jan), half was took profit at 2155.
profit 42 points

Results.
1 safe, 2 con,11 losses, 14 win.
Average +372points/lot.

Outlook,
Wave 5 continue.
sky is the limit.

strategy,
hold long position all the time, cut loss at 2095

FKLI 19th Oct 2009

As yesterday
short position @1253.5 took profit at 1250
profit 3.5 points
turn long @1251

Results,
3 safe, 0 con, 16 losses, 8 win.
Average -48 points/lots

Outlook,
i think uptrend resume.
yesterday just nicely hit 61.8% retracement.

strategy,
uptrend,
but cautious.

CPO 16th Oct 2009

As yesterday,
short position covered @2132 @2112, average @2120
profit 68 points/ lots
turn long @2113 ( Jan)

Results.
1 safe, 2 con,11 losses, 14 win.
Average +372points/lot.

Outlook,
Wave 5 continue.
sky is the limit.

strategy,
hold long position all the time, cut loss at 2095

FKLI 16th Oct 2009

As yesterday
short position established @1253.5

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
i think uptrend resume.
yesterday just nicely hit 61.8% retracement.

strategy,
later long on market to close position.
tired of FKLI....damn hard to trade.

CPO 15th Oct 2009

As yesterday,
short position established @2188

Results.
1 safe, 2 con,11 losses, 13 win.
Average +304points/lot.

Outlook,
possible to retrace
if not break 2100, then long on dip.
support 2082.

strategy,
wait to long on dip

FKLI 15th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
i think uptrend resume.
resistance at 61.8%, 1165.

CPO 14th Oct 2009

As yesterday,
long @2120 took profit at 2145, profit 25 points

Results.
1 safe, 2 con,11 losses, 13 win.
Average +304points/lot.

Outlook,
possible to retrace
if not break 2100, then long on dip.
support 2082.

strategy,
wait to long on dip

FKLI 14th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
i think uptrend resume.
resistance at 61.8%, 1165.

CPO 13th Oct 2009

As yesterday,
still holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
got to break 2154 and 2188 levels.
else, there is still possibility for down trend

strategy,
change stop to 2130.

FKLI 13th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
i think uptrend resume.
resistance at 61.8%, 1165.

strategy,
stay out or long

CPO 12th Oct 2009

As yesterday,
still holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
CPO daily and hourly seems like got falling wedge.
if break up, i think CPO bull rally intact back

strategy,
hold position first

FKLI 12th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
i think uptrend resume.
resistance at 61.8%, 1165.

strategy,
stay out or long

CPO 9th Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
Based on wave count, should be have 1 more sell down,
lower low expected
2003, 1970, 1930

strategy,
hold position first, but i'm a bit scare.

FKLI 9th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

outlook,
i'm not sure

strategy,
stay out

CPO 8th Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
Based on wave count, should be have 1 more sell down,
lower low expected
2003, 1970, 1930

strategy,
later might consider cut loss

FKLI 8th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
confusing again
wait and see first

Strategy,
Stay out

CPO 06th Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
Critical support break.
seems downtrend continue.

strategy,
see first.
break lower, then cut

FKLI 06th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
confusing again
wait and see first

Strategy,
Stay out

CPO 5th Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
Critical support break.
seems downtrend continue.

strategy,
will try to cut loss today,
support 2000.

FKLI 5th Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
confusing again
wait and see first

Strategy,
planning to sell

CPO 2nd Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
seems supporting.
critical period
wait and see awhile

strategy,
long on dip

FKLI 2nd Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
once break previous low, 1201, consider bearish,
wave 3 is in.
100% at 1181.

Strategy,
planning to sell

CPO 1st Oct 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
seems supporting.
critical period
wait and see awhile

strategy,
long on dip

FKLI 1st Oct 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
still bearish,
support at 1202

Strategy,
wait and see first

CPO 30th Sep 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
seems supporting.
critical period
wait and see awhile

strategy,
long on dip

FKLI 30th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
today should rebound wave c
if break lower, then i'm not sure
78.6% @1226
61.8% @1222

Strategy,
wait and see first

CPO 29th Sep 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
seems supporting.
critical period
wait and see awhile

strategy,
long on dip

FKLI 29th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
today should rebound day.
78.6% @1226
61.8% @1222

Strategy,
wait and see first

CPO 28th Sep 2009

As yesterday,
holding long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
should be turning bullish

strategy,
long on dip

FKLI 28th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
should be bearish

strategy,
stay out as i've been con too many time.
wait awhile.

CPO 25th Sep 2009

As yesterday,
established long @2120

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
possible bottom around 2100,
cut loss at previous low at 2070.

strategy,
if CPO >2205, uptrend resume.
if CPO >2188, confirm 80% uptrend resume.
if CPO 2188 < x < 2090, stay out, long on dip. cut loss if lower 2070.
if CPO < 2090, careful, might cut anytime
if CPO < 2070, cut market. turn short.

FKLI 25th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
hourly support at 1214 - 1216 range
daily support at 1202 bar low.

strategy,
if FKLI <1214, short, cut loss at previous 15 min bar high + 2points.
if FKLI < 1201, short, cut loss at previous 2 15 min bar high + 2 points.

CPO 24th Sep 2009

I'm Back
i think stay out long enough already.

FKLI 24th Sep 2009

I'm Back.
i think market should be back liao.......

CPO 16th Sep 2009

As yesterday,
intraday long@2088 covered @2078
losses 10 points
no position established

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

Outlook,
still bullish.
but watch first.

FKLI 16th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
more likely for market traded upwards
support remain at 1197

strategy.
wait for support levels

CPO 15th Sep 2009

As yesterday,
intraday long@2088 covered @2078
losses 10 points
no position established

Results.
1 safe, 2 con,11 losses, 12 win.
Average +279points/lot.

outlook,
uncertain.
possible bottom at 2070 - 2040

strategy,
stay out.

FKLI 15th sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

outlook,
market might be sideways.
upside seems limited.

strategy, stay out.

FKLI 14th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook,
possible upside limited
might try to short if support 1197 break.

strategy, if 1197 break, try to short, cut loss at 2 bar previous high

CPO 14th Sep 2009

As yesterday,
intraday long@2177 covered @2146
losses 31 points
no position established

Results.
1 safe, 2 con,10 losses, 12 win.
Average +189points/lot.

outlook,
possible bearish,

strategy,
stayout

CPO 11th Sep 2009

As yesterday,
overnight long @2178 covered @2190
profit 12 points
no position established

Results.
1 safe, 2 con,10 losses, 12 win.
Average +320points/lot.

Outlook,
confuse.
yesterday overshot 25 lower than my expectation.
however, if i watch back the 5, 15, 60 min chart, all show it might be a false break.
try to long if support 2155 not break.

strategy,
see first.
watch for the wave formation to go in again.

FKLI 11th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook.
Bullish

Strategy,
if FKLI > 1208.5, bull, long, cut loss at 1204.5- 2
if FKLI <1204, stay out, wait again.

CPO 10th Sep 2009

As yesterday,
overnight position took profit, profit 67 points/lots
intraday, short @2200, profit 2190, profit 10 point/lots
short @2201, long @2180, profit 21 point/lot
total profit 98 point/ lot
holding long @2178

Results.
1 safe, 2 con,10 losses, 11 win.
Average +308points/lot.

outlook,
rebound wave C should be complete today or tmr
aiming 2285 or 2320. however, still cautious.

strategy,
long on intraday,
if CPO >2183, long, cut loss at 2165.
if CPO >2204, long, cut loss at previous 2 bar 5 min low - 5 points
if CPO < 2155, cut loss long position, wait and see

FKLI 10th Sep 2009

As yesterday,
no position established.

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook.
Bullish

Strategy,
wait and find support first

CPO 09 Sep 2009

As yesterday,
holding long position @2128 cut loss at 2123

Results.
1 safe, 2 con,10 losses, 8 win.
Average +210points/lot.

Outlook,
wave 4, rebound A should be finish.
however, i expect more higher rebound to cover all the gap.

strategy,
if CPO >2234, long position hold stop move to 2214.
if CPO <2196, long position covered. will not turn short until hit certain target on rebound levels.

FKLI 09 Sep 2009

As yesterday,
intraday trade loss 6.5 points

Results,
3 safe, 0 con, 16 losses, 7 win.
Average -51.5 points/lots

Outlook.
watch the chart for whole night.
now, admit i'm wrong.
it should be a super bull run
try to long.

Strategy,
wait for pull back.
should have pull back today provided not break 1205

CPO 8th Sep 2009

As yesterday,
holding long position @2128 cut loss at 2123

Results.
1 safe, 2 con,10 losses, 8 win.
Average +210points/lot.

Outlook,
looks like wave 3 in C complete at 2128.

strategy,
long, cut loss at previous low - 10 points lower. (2115)

FKLI 8th Sep 2009

As yesterday
no position hold overnight
overnight position cut loss @1193. loss 13.5 points

Results,
3 safe, 0 con, 15 losses, 7 win.
Average -45 points/lots

Outlook,
uncertain.
but think this wave 5 in wave 3
possible to meet target at 1193 or 1243.

strategy,
Stay out.
try to long if break above 1198
else, still short prefered

CPO 7th Sep 2009

As yesterday,
did nothing

Results.
1 safe, 2 con,9 losses, 8 win.
Average +228points/lot.

Outlook,
possible to almost bottomed
support at 2176

strategy,
stay out
possible to long at support 2176 levels, cut loss 2156.

FKLI 7th Sep 2009

As yesterday,
holding 1 lot short ovenight@1179.5, stop loss at 1182.5

Results,
3 safe, 0 con, 14 losses, 7 win.
Average -31.5 points/lots

Outlook, if above 1192, confirm bullish

strategy,
stay out, long if break 1192.
short is still below 1192.

FKLI 4th Sep 2009

As yesterday,
no position hold for overnight
overnight position closed, losses 3.5points/lot
intraday position covered, losses, 3 points/lot

Results,
3 safe, 0 con, 14 losses, 7 win.
Average -31.5 points/lots

Outlook,
uncertain on direction.
possible rebound. resistance at 1181.5

strategy,
still prefer to short in below 1181.5
if FKLI>1181.5, stay out, market possible to turn bullish
if FKLI <1181.5, prefer to hold short.

CPO 4th Sep 2009

As yesterday,
all intraday position closed.
losses 10 points/lot

Results.
1 safe, 2 con,9 losses, 8 win.
Average +228points/lot.

Outlook,
still uncertain.

strategy,
stay out
possible can try some scalping strategy, but just for fun purpose.

CPO 3rd Sep 2009

As yesterday,
all position were covered
overnight short covered at 2252, profit 113 points/ lot
intrada turn long @1152, cut loss at 1139, losses 13 point/lots

Results.
1 safe, 2 con,8 losses, 8 win.
Average +238points/lot.

Outlook,
CPO is possible to u-turn,
got a few possibility,
1st, just complete wave A, support at 2220 must not break to be true.
2nd, wave C undergoing, resistance 2235 must not break to be true.
it's highly possible that CPO would undergo sideways condition in the coming 1 month.

strategy,
stay out for awhile.
trading based on candlesticks.
if CPO >2220 on hourly closing, long,
if CPO <2220, short cut loss at 2253.

FKLI 3rd Sep 2009

As yesterday,
still holding short position @1169

Results,
3 safe, 0 con, 12 losses, 7 win.
Average -25 points/lots

Outlook,
still looking bearish.
feel so funny and wondering why market can up when whole world is drop severely.
worth thinking.
possible it's a signal.

strategy,
if FKLI > 1178, cut all short position, turn long, cut loss at previous 15 min bar low - 3 points
if FKLI > 1171.5 on 15 min closing, clear all short position, stay out.
if FKLI < 1161.5 on 15 min closing, sell signal, more confirm.
if FKLI < 1157 on 15 min closing, sell signal, will add position. cut loss at previous 2 15 min bar high + 3 points.

CPO 2nd Sep 2009

As yesterday,
short position still holding@ 2365 cut loss @2378

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

Outlook,
still bearish,
but short term possible near bottom.

Strategy,
if CPO >2310, clear all short position.
if CPO <2298, short signal, short cut loss at previous 2 5min bar high + 10points
if CPO <2272, short signal, short, cut loss at previous 2 5 min bar high + 10 points

FKLI 2nd Sep 2009

As yesterday,
holding short position at 1169.

Results,
3 safe, 0 con, 12 losses, 7 win.
Average -25 points/lots

outlook,
still bearish.
seems like forming multiple wave 3

strategy,
if FKLI >1178, all short position must be clear, turn long, cut loss on previous 1 15min bar low - 3points.
if FKLI > 1171.5, cautious,consider to clear short position.
if FKLI < 1156 on 15min closing, short, cut loss on previous 2 15min bar high + 3 points.

CPO 1st Sep 2009

As yesterday,
short position still holding@ 2365 cut loss @2378

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

outlook,
bearish

strategy,
CPO <2298 on 5 min closing, short, cut loss at previous hourly bar high.
CPO <2272 on 5 min closing, short, cut loss at previous 15 min bar high.

1st Sep 2009

As yesterday,
all Aug position cleared
loss 13 points
established short position at 1169

Results,
3 safe, 0 con, 12 losses, 7 win.
Average -25 points/lots

Outlook,
if FKLI <1167.5, bearish, short position hold, cut loss at 1182.
if FKLI < 1106.5, bearish, short, cut loss at previous 2 bar 15 min high + 3 points

CPO 28th Aug 2009

As yesterday,
short position@ 2365 cut loss @2386

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

Outlook,
still bearish
expect rebound 2360 and 2374.

Strategy,
if CPO >2385, clear all short position
if CPO <2374 on 5 min closing, short, cut loss at 2386
if CPO <2360 on 5 min closing, short cut loss at 2386
if CPO <2346, mild short signal, short, cut loss at previous hourly high + 10 points
if CPO <2331, short signal, short, cut loss at previous 2 bar 5 min high + 10 points.

FKLI 28th Aug 2009

As yesterday,
still holding, @1164.5 cut loss at 1183.5
1179 took profit at 1173.5, profit 6.5 points/lot
no intraday trade.

Results,
3 safe, 0 con, 11 losses, 7 win.
Average -12 points/lots

Outlook,
resistance at 1168.5, 1166,
expect some rebound today.
but still higher to short.

strategy,
if hourly <1178.5, short, cut loss at 1182
if FKLI <1176 on 15 min closing, short, cut loss at 1182
if FKLI 1171.5 < x < 1176, stay out, better short on rebound.
if FKLI <1171.5 on 15 min closing, mild sell signal, short, cut loss 15 min high+3 points
if FKLI < 1167, sell signal, short, cut loss at previous 2 bar high +3 points

CPO 27th Aug 2009

As yesterday,
short position established @2392 covered at 2375. profit 17 points.
short again at 2365

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

outlook,
CPO very choppy, only confirm wave b in B complete at 78.6% @2385
critical resistance at 2385.
expect wave C comes in
target 2298 or 2272.

strategy,
if CPO > 2385, clear all short position, stay out.
if CPO <2345, 1st support break, sell on rebound.
if CPO <2331, 2nd support break, sell on rebound.
if CPO < 2323, 3rd support break, sell on rebound.
if CPO < 2298, 4th support break, cautious for profit taking.
if CPO < 2272, 5th support break, cautious for profit taking.

FKLI 27th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1177, @1184.5

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
still bearish.
but resistance at 1176 and 1182.

strategy,
if FKL > 1182 on high, clear all position.
if FKLI > 1176, clear partial position, take profit.
if FKLI < 1167, sell signal, short, cut loss at previous 15min bar high +3 point on high.
if FKLI < 1160.5, sell signal, short, cut loss at previous 15min bar high +3 point on high

CPO 26th Aug 2009

As yesterday,
short position established @2392 cut loss at 2375.

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
wave b in B complete at 61.8% @2372.
expect wave B complete in 2298 or 2272, 50% or 61.8%.
fall below this levels would indicate further selling pressure.

strategy,
sell on rebound.
yesterday 1 min chart show complete wave 1 and 2
expect today complete wave 3, sell on wave4 buy on wave 5.

if CPO > 2373, cover all short position and stay out.
if CPO < 2331, short signal, short, cut loss at previous peak + 10 points
if CPO < 2298, short signal, short, cut loss at 5min bar high + 10 points.
if CPO < 2272, short signal, short, cut loss at 5 min bar high + 10 points.
if CPO < 2234, short signal, short, cut loss at 15min bar high + 10 points.

FKLI 26th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1175, @1184.5

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
FKLI still seems bearish. but resistance level 1181.5 must not break.
if break 1174.5 if mild bullish, so i'll out partial.

strategy,
if FKLI > 1181.5 on 15min closing, turn long, cut loss at previous low of 15min + 3points.
if FKLI >1176 on high, close half position. wouldn't not turn long yet.
if FKLI 1176 < x < 1167, stay out or short on rebound.
if FKLI < 1167, short signal, short, cut loss previous 2 bar 15min high + 3 points.
if FKLI <1160.5, short signal, short, cut loss previous 2 bar 15min high + 3 points.

CPO 25th Aug 2009

As yesterday,
short position established @2392 cut loss at 2405.

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
still uncertain.
possible wave A already complete. now wave B undergoing.

strategy,
unless manage to short above 2385 and place cut loss at 2405, else, not advisable to go in as i expect shaky market.

expect wild market trading ahead.

change to candlesticks methodology for trading as wave count on minor wave would be more vulnerable.

FKLI 25th Aug 2009

As yesterday,
overnight position 2 level, @1164.5, @1179
cut loss all position at 1184.5
intraday cut loss loss 3 points

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
critical moment,
if can close above 1180.5, bear trend in jeopordy.

strategy,
if FKLI >1180.5 on 15 minute close, cut all short position, turn long, cut loss at previous 15 min bar low.
if FKLI 1174.5 < x < 1180.5, stay calm, don't go in yet.
if FKLI <1174.5 on 15 min close, short signal, short, cut loss at previous 15 min bar high +3 points.

if FKLI <1169 on 15 min close, short signal, short, cut loss at previous 15 min bar high +3.

CPO 24th Aug 2009

As yesterday,
no position established.
last thursday took profit 30 points after stop triggered @2352.
kena con la.
last friday hit my target but i did not manage to long at 2340

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
CPO should be rebound or turned bullish if 2342 not break.
but i think it's more likely is rebound wave B. will touch 2342 for wave C.
if it's bull run, then it will go up all the way.

strategy,
wait first.
see formation to go in.

FKLI 24th Aug 2009

As yesterday,
sorry for did not update on last friday, was on vacation.
short position still holding.
thursdays intraday profit 1 point

Results,
3 safe, 0 con, 10 losses, 6 win.
Average -15.5 points/lots

Outlook,
based on overnight dow jones closing, it's likely FKLI to rebound
resistance levels at 1169, 1174 and 1180.5

strategy,
if FKLI >1180.5, cover short position, and turn long.
if FKLI 1169 < x < 1174, stay out. short on rebound. cut loss on previous high + 3 points.
if FKLI <1169, after touched, +- 1 point, short, cut loss previous high + 1 point.
if FKLI < 1152, short signal, short, cut loss at 2 previous 15 min bar high + 3 points.
if FKLI <1147, short signal, short, cut loss at 2 previous 15 min bar high + 3points.
if FKLI < 1137, short signal.

CPO 20th Aug 2009

As yesterday,
rolled position to active month.
oct trade short 2500, covered 2406, profit 94 points.
nov short 2382. stop loss change to 2352.

Results.
1 safe, 1 con,7 losses, 5 win.
Average +91points/lot.

Outlook,
CPO seems possible to rebound but must not be above 2342 levels.
if above 2342, i'll stay out as i loss the wave count.

strategy,
if CPO >2342 on 5 min closing, cover short position, stay out.
if CPO < 2342on 5 min closing, try to get intraday short but cut loss at today high + 10 points.
prepare to take profit soon.

FKLI 20th Aug 2009

As yesterday,
still holding short @1164.5 stop 1162.
intraday sold @1161.5 triggered at 1159, profit 2.5 points.

Results,
3 safe, 0 con, 10 losses, 5 win.
Average -16.5 points/lots

Outlook,
support seen at 1147, 1137.
possible to rebound.
however, still bearish.

strategy,
if FKLI >1161.5, cover short position.
if FKLI <1147 on 15 min closing, mild short signal, short, cut loss on previous bar high +3 points
if FKLI <1137 on 15 min closing, break 38.1%, short, cut loss at previous bar high + 3 point, as market might be shaky that time.

CPO 19th Aug 2009

As yesterday,
short position @2500 still holding.
cut loss remain @2435.

Results.
1 safe, 1 con,7 losses, 4 win.
Average - 3 points/lot.

Outlook,
still looking bearish.
resistance at 2420, 2440.
but previous low at 2421.

strategy,
if CPO <2420, on hourly closing, rebound possible to finish. short cut loss at previous high + 10 points.
if CPO <2355, on 5 min closing, short, cut loss at 2366 + 10 points.
if CPO <2298, on 5 min closing, short, cut loss at 15min bar high + 10 points.

FKLI 19th Aug 2009

As yesterday,
Short position @82 covered @1166, profit 16 point
short again @1164.5 cut loss at 1175

Results,
3 safe, 0 con, 10 losses, 4 win.
Average -19 points/lots

Outlook,
Bearish possible to end. resistance at 1178
have to be careful.
however, if not break at 1166, 1171, or 1178, bearish run still continue.

strategy,
if FKLI >1171, on 15 min closing, cover short position. possible to turn long if >1178.
if FKLI <1166, on hourly high, then can try to short. but cut loss would be 1168.
if FKLI < 1162, on 15 min closing, short signal, sell, cut loss at previous bar high + 3 points.
if FKLI < 1157, bear market confirmed. short, cut loss at 1166 +3 ( if no new high)

CPO 18th Aug 2009

As yesterday,
short position still holding.
cut loss change to 2435.

Results.
1 safe, 1 con,7 losses, 4 win.
Average - 3 points/lot.

Outlook,
CPO reach projection @2337 upon yesterday closing. complete wave 3.
CPO possible to rebound today, but must not be higher than 2424.

strategy,
sell on rebound or choose to stay out and hold position until stop triggered.

if CPO > 2424, clear short position.
if CPO 2390 < x < 2424, stay out, or short on rebound based on candlesticks.
profit target at 2300 or 2250

FKLI 18th Aug 2009

As yesterday,
Short position still holding, @82, stop changed to 1185

Results,
3 safe, 0 con, 10 losses, 3 win.
Average -35 points/lots

Outlook,
Bearish is confirmed.
yesterday hit 223.6%
possible to rebound today.
aim at 50%@1171, 61.8%@1174.5

Strategy,
today, wait only, rebound sell. break lower, don't rush to sell.
break lower , sell only for intraday trading, trade for fun. not good for position.

if FKLI >1185, clear all position,
if FKLI 1159 < x <1175, sell on rebound or stay out.
if FKLI 1154, short signal, sell, but intraday, cut loss at previous 15min bar high.

CPO 17th Aug 2009

As yesterday,
short position established @2500. cut loss at 2521 + 10 points.

Results.
1 safe, 1 con,7 losses, 4 win.
Average - 3 points/lot.

Outlook,
there are 3 possibility in this CPO trading.
1st, now is wave 2 ,correction from 1964 - 2521.
- support 2390, 2300 2250.

2nd, now is wave 5 of wave c.
- target still at 1930.

3rd, now is pure bear trend. but i think it's not likely.
if it's bear trend, now should be wave 5. but it already cross with wave 1 low.

strategy,
closing at 2441
if CPO >2480, short position covered. but still aiming to short if can't break above 2520.
if CPO <2424, wave 3 or wave C is confirmed. stop will move to 2440 to 2450, depend on situation, decision on candlesticks.

if CPO <2390, 1st levels meet. cautious. scare might stop here.

FKLI 17th Aug 2009

As yesterday,
short position @82 still holding.
cut loss move to 1200.

Results:
3 safe, 0 con, 10 losses, 3 win.
Average -35 points/lots

Outlook,
market still consolidate.
range from 1172 - 1196. uptrend channel. i think it's more like upwards diagonal.
it's possible wave 3 tail end, possible reach 1191, 1196 or possible already met target.

strategy,
if FKLI >1191, on 15 min chart closing, short position cut loss. but cautious around 1191, 1196, possible to short again based on candle signal. but i'll follow plan cut loss first, then short later.

if FKLI > 1189.5, possible reach target will be 1191, 1196, 1198, 1209.

if FKLI 1178 < x <1190, stay out. trading based on support resistance strategy.

if FKLI <1178, on 15min chart closing, sell signal, cut loss at 2 previous 15 min bar high +3 points.

next support at 1172, 1163.

situation will be change according to fibonacci projection.

CPO 12th Aug 2009

As yesterday,
no position established.

Results
1 safe, 1 con,7 losses, 4 win.
Average - 3 points/lot

Outlook,
short term bearish.
today i finally spot an EW formation.
complete wave3 or wave C at 2471.
if tomorrow were to open lower, bearish market is likely.

Strategy,
if CPO >2471, stay out, remain bullish. aim at 2510
if CPO <2455, short, cut loss at 2476.

FKLI 12th Aug 2009

As yesterday
short position @1182 still holding, stop still remain at 1191.

Results:
3 safe, 0 con, 10 losses, 3 win.
Average -35 points/lots

Outlook,
Market should be end by tomorrow.
Bearish.

Strategy,
if FKLI >1188, upon 15 min closing, cut loss @1191
if FKLI 1188 < x < 1178, stayout,
if FKLI < 1178, sell signal, short, cut loss at 3 points higher in 15min chart.
if FKLI <1163, sell signal, short, cut loss at 3 points higher in 15min chart

CPO 11th Aug 2009

As yesterday,
cut loss @2365
losses 58

Results,
1 safe, 1 con,7 losses, 4 win.
Average losses 3 points/lot

Outlook,
still uncertain about the market direction.
should have stay out.

FKLI 11th Aug 2009

As yesterday,
short position still holding @1182. stop @1191

Result
3 safe, 0 con, 10 losses, 3 win.

Outlook,
Market sideways.

Strategy,
stay out awhile. to see how's the market.

If FKLI > 1188, in 15 min closing, cut loss at 1191.
if FKLI < 1170, in 15min closing, short, cut loss previous 15min bar high + 3 points.

CPO 10th Aug 2009

As yesterday,
short still holding
cut loss remain @2355

Results,
1 safe, 1 con,6 losses, 4 win.
Average profit 55 points/lot

Outlook,
still uncertain about the market direction.
should have stay out. did not follow plan.

FKLI 10th Aug 2009

As yesterday,
short position established @1182. stop @1191

Result
3 safe, 0 con, 10 losses, 3 win.

Outlook,
Bearish trend in jeapordy
possible to reach 1199 or 1208.

Strategy,
stay out awhile. to see how's the market.

If FKLI > 1188, in 15 min closing, cut loss at 1191.
if FKLI < 1170, in 15min closing, short, cut loss previous 15min bar high + 3 points.

CPO 7th Aug 2009

As yesterday,
short still holding
cut loss remain @2355

Results,
1 safe, 1 con,6 losses, 4 win.
Average profit 55 points/lot

Outlook,
still uncertain about the market direction.
should have stay out. did not follow plan.

FKLI 7th Aug 2009

As yesterday,
no position established.

Result
3 safe, 0 con, 10 losses, 3 win.

Outlook,
Bearish trend in jeapordy
possible to reach 1199 or 1208.

Strategy,
stay out awhile. to see how's the market.

If FKLI < 1183, in 15 min closing, short, cut loss at 1188.
if FKLI < 1170, in 15min closing, short, cut loss previous 15min bar high + 3 points.

CPO 6th Aug 2009

As yesterday,
overnight short position covered @2355, loss 46 points
short again @2307. holding, cut loss @2355

results:
1 safe, 1 con,6 losses, 4 win.

average profit: 55 point/ lots

Outlook,
still uncertain about the market direction.
should have stay out. did not follow plan.

FKLI 6th Aug 2009

As yesterday,
short position covered @1180, loss 4 points

Results:
3 safe, 0 con, 10 losses, 3 win.
as total: losses.
Average : loss 35 point/lots

Outlook,
still looking topped around 1182 levels despite false break new high.

Strategy,
If FKLI >1182 on 15 min closing, turn long, cut loss at 15 min previous bar low
if FKLI 1182 < x < 1170, stay out
if FKLI < 1170, sell signal, short, cut loss at 1171.5 + 3 points.

CPO 5th Aug 2009

As yesterday,
i turn long @ 2320, took profit @2341,
profit 21 points/ lots

holding short @2309 cut loss at 2355.

results:
1 safe, 0 con,5 losses, 4 win.

average, profit 101point/ lots.

Outlook,
direction will uncertain. resistance at 2349 previous high.

Strategy,
if CPO >2355, clear all position

FKLI 5th Aug 2009

Sorry for not updating, was busy.

As yesterday,
short position still holding, cut loss at 1180

Results:
3 safe, 0 con, 9 losses, 3 win.
as total: losses.

Outlook,
still bear but in critical stage.
possible market might be sideways.

Strategy,
if FKLI >1182, bullish, turn long, cut loss at previous 15 min bar low - 3 points.
if FKLI 1179 < x < 1170, stay out,
if FKLI <1169.5, short, cut loss at previous bar high + 3 points.

Monitor,

Tuesday, Pending home sales and Personal income. Testimony from FED governor Tarullo on tuesday regarding bank supervision

Wednesday, ADP employment index, ISM services and Factory orders.

Thursday,weekly Jobless claims.

Friday Non-farm payrolls, the Unemployment rate, and Consumer credit.

CPO 4th Aug 2009

As yesterday,
no position established.

results:
1 safe, 0 con,5 losses, 3 win.

outlooks,
possible CPO really riding on bull rally wave 5 but i'm not sure which levels it hit bottom as my target 1933 not reach.

strategy,
if CPO >2310, long, cut loss at hourly low - 10 points.
if CPO < 2310, stay out, see what is the wave count.

FKLI 4th Aug 2009

As yesterday,
short position still holding.
stops remain at 1180.

Results:
3 safe, 0 con, 9 losses, 3 win.
as total: losses.

Outlook,
Bear rally in critical stage.
resistance levels must not break 1182. if break bull again

Strategy,
if FKLI >1182, bullish, turn long, cut loss at previous 15 min bar low - 3 points.
if FKLI >1177 on 15min closing, cut short position.
if FKLI 1177 < x < 1160, stay out.
if FKLI <1160, short, cut loss at previous 15 min bar high + 3 points.

Monitor,

Dow Jones closing,
must close above 100 as before market close, already above 100 for futures.

Monday, Construction spending and ISM at 10:00,Auto sales in the afternoon. Foreign exchange rates will be released

Tuesday, Pending home sales and Personal income. Testimony from FED governor Tarullo on tuesday regarding bank supervision

Wednesday, ADP employment index, ISM services and Factory orders.

Thursday,weekly Jobless claims.

Friday Non-farm payrolls, the Unemployment rate, and Consumer credit.

Nikkei trading is very important.

Thought of the day

Market is boring..........keep holding short and stay out from CPO

thinking to express my thoughts....

in trading.......a lot of people keep on looking for the secret formula in order to win in trading.
doesn't matter if he trade forex, futures, shares, commodity.......

my first question,
does this 'holy grail' exist?
does this secret formula have absolute winning in trading..........immune from losses?

let's think.........

my answer to this question is NO........100% NO

CPO 3rd Aug 2009

As yesterday,
no position established
short position cut
loss 90 points/lot

results:
1 safe, 0 con,5 losses, 3 win.

average, still profit 80point/ lots.

Outlook,
temporary turn bullish but not sure what going on, so i'll stay out from market awhile so that have clear picture.

FKLI 3rd Aug 2009

As yesterday,
Short position still holding.
stop remain at 1180 levels.
i manage to roll my position at the same price @1174
previous july contract settle at 1166.5
profit 7.5 points/ lots

Results:
3 safe, 0 con, 9 losses, 3 win.
as total: losses.

Outlook,
Bearish, but expect some rebound on monday. looking at 1172 levels

Strategy,
if FKLI >1178. short position cut loss.
if FKLI 1162 < x <11 78, hold short position.
if FKLI <1162 on 15 min closing, short, cut loss at 1170
if FKLI <1158, short signal, short, cut loss at previous 15min bar high + 3 points.

Monitor,
Dow JOnes +17

Nikkei morning trading

Monday, Construction spending and ISM at 10:00,Auto sales in the afternoon. Foreign exchange rates will be released

Tuesday, Pending home sales and Personal income. Testimony from FED governor Tarullo on tuesday regarding bank supervision

Wednesday, ADP employment index, ISM services and Factory orders.

Thursday,weekly Jobless claims.

Friday Non-farm payrolls, the Unemployment rate, and Consumer credit.

CPO 31st July 2009

As yesterday,
short position still holding as hourly bar not close above 2150.
but it's damn near already.

results:
1 safe, 0 con, 4 losses, 3 win.

Outlook,
CPO is confirmed not uptrend yet.
But downtrend seems in jeopardy.
tomorrow, 2162 must not be higher.

strategy,
if CPO > 2180, long, cut loss at previous hourly bar low - 10 points
if CPO > 2162,cut loss, not closing, once break high, cut already

if CPO< 2140, uptrend not confirm, holding short.

if CPO <2120, sell signal, short, cut loss at 2 previous 15 min bar high + 10 points
if CPO <2090, sell signal, short, cut loss same
if CPO <2063, bear is confirmed.

All the best in trading.

FKLI 31th July 2009

As yesterday,
short position still holding, stop still remain at 1180 levels.

Results:
3 safe, 0 con, 9 losses, 2 win.
as total: losses.

Outlook,
sideways again.
formed a symmetric triangle or a base at 1158 but my support at 1159.5
possible rebound tomorrow. or possible to plunge. either ways, still short. but must not break 1174 levels.

strategy,
if FKLI > 1180 on 15 min closing, close short position and turn long. while cut loss at previous 15min bar low.

if FKLI 1158 < x <1174, stay out, hold short.

if FKLI < 1158, sell signal, short, cut loss at 2 previous 15 min bar high + 3points.

if FKLI <1153, sell signal, short.

Monitor,
Dow Jones and Nikkei trading.

All the best in trading.

CPO 30th July 2009

As yesterday,
Short position established @2119
cut loss at 2153 previous bar high.

results:
1 safe, 0 con, 4 losses, 3 win.

Outlook,
CPO is confirmed not uptrend yet.
lucky i put my long signal higher, else, my system will call long again.
CPO break down from rising wedge, complete wave 4.
coming wave 5 is expected to be the last wave down.

strategy,
if CPO >2180, CPO confirmed bull trend. long, cut loss at previous hourly bar low -10 points.
if CPO >2150 on hourly closing, short position covered.
if CPO 2150 < x <2100, stay out, keep holding short position
if CPO <2090, short signal, short, cut loss at 2 previous 15 min bar higher +10 points.
if CPO <2063, downtrend confirm continue, short, cut loss at previous hourly bar high + 10 points.

All the best in trading.

FKLI 30th July 2009

As yesterday,
sorry for didn't update my blog as my internet connection got problem.
my overnight position cut loss at 1177, loss 3 point/lot
i turn long @1180.5 but manage to cut loss at 1179, 15min low, loss 2.5 point/lot
and i turn short again @1174 and hold overnight. cut loss at at 1180.

Results:
3 safe, 0 con, 9 losses, 2 win.
as total: losses.

Outlook;
this uptrend is extremely shake out despite my wave count tells me it's topped.
today is the day confirm wave 3 complete, major wave 4 is expected.
however, due to past lossing trading experience, i decide to trade more carefully.

if wave if really completed,
we are aimnig
23.6%@1099
38.1%@1048
50%@1007
61.8%@967 ( possibility not so high as wave 2 already retrace more than 61.8%

strategy,
if fkli above 1161.5, expecting rebound, stop place at 1180.
aiming at 1167, 1170, 1174.5, if candlestick show some reversal signal, short at resistance, cut loss at previous high + 2 points.

if FKLI 1165.5 < x < 1156.5, hold short. sell on strength, cut loss at 15 min previous high.

if FKLI below 1153, candlesticks short signal, short, cut loss at 1165.5, but best is still 1180 levels.

if FKLI below 1145, short, cut loss at previous hourly bar high or 2 previous 15 min bar high.

monitor Dow Jones and Nikkei.

CPO 29th July 2009

As yesterday,
no position established.

results:
1 safe, 0 con, 4 losses, 3 win.
my call sell signal at 2119, market only hit until 2123 low

outlook,
CPO in jeapordy.
my resistance levels at 2180. if break 2180, then 100% confirm reverse.
no long bear market.

as of yesterday, still not confirm bull market.

strategy,
if CPO above 2180, bullish, long, cut loss at previous hourly bar low - 10 points
if CPO above 2140, stay out. no short intention.
if CPO 2140 < x <2120, stay out.
if CPO below 2120, sell signal, short, cut loss at previous hourly bar high + 10 points.
if CPO below 2090, further sell signal confirmed. short, cut loss at previous hourly bar high + 10 points.

FKLI 29th July 2009

As yesterday,
FKLI overnight short position covered @1164
loss 9 point/ lot
established new short position @ 1174.

Results:
3 safe, 0 con, 7 losses, 2 win

Outlook,
FKLI seems top side on technical yet seems bullish
base on my wave count, i think there are 3 possibilities
1st, major wave 3 complete, objective 1180, today hit 1178
2nd, major wave 5 complete, objective 1176, today hit 1178
3rd, minor wave 3 complete, objective 1177, today hit 1178.

if break 1178, then looking possible to reach 1209 levels.

strategy,
if above 1180, bullish, turn long, cut loss at previous 15 min bar low
if above 1177, short position cut.
if below 1174.5, very mild short signal, short, cut loss at 1177 + 3 points.
if below 1153, candlestick short signal, short, cut loss at 15 min previous 2 bar high +3 points.

monitor dow jones and nikkei.

CPO 28th July 2009

As yesterday,
no position established.

results;
0 safe, 0 con, 4 losses, 3 win.

outlook,
bearish but almost tail end.
aiming 1930.

strategy,
if above 2134, turn bullish
if above 2116, stay out, mild bullish.
if below 2090, bearish signal, short, cut loss at hourly high+10 points.
if below 2063, bear trend continue, short, cut loss at hourly high +10 points.

All the best in trading

28th FKLI 2009

As yesterday,
established short position@1155
stop put at 1164.

results;
3 safe, 0 con, 6 losses, 2 win

outlook,
if cant break 1164, FKLI bearish

strategy,
if above 1171, turn bullish
if above 1164, cut short position
if below 1151, short signal, short, cut loss at 2 previous 15min bar high +3 points
if below 1145, short signal, short, cut loss at 2 previous 15min bar high +3 points

monitor,
dow jones 15

nikkei -10

CPO 27th July 2009

As yesterday,
short position covered.
cut loss, loss 3 points.

results:
0 safe, 0 con, 4 losses, 3 win.

CPO outlook,
Downtrend is in jeopardy.
Resistance at last%@2134 and 2180 must not be violated.
CPO reach 161.8%@2062.
rebound last%@2134.

strategy,

If CPO >2180, bullish, but still 1st hourly bar formed, >2180, long, cut loss previous bar low -10 points.

If CPO >2134, clear short intention.

If CPO < 2090, short signal appear. short, cut loss at hourly bar high + 10 points.

If CPO < 2063, bear continue. short, cut loss at 2 previous 15 min bar high + 10 points.

Aiming 1930.

All the best in trading.

FKLI 27th July 2009

As yesterday,
short position covered. cut loss. loss 8 points/ lots
despite i know it is a diagonal, i still cut loss based on the principle following system

results:
3 safe, 0 con, 6 losses, 2 win

FKLI outlook,
still looking topped.
based on the diagonal formation formed, tail- end of uptrend has higher possibilities.
however, seem like yesterday INSIGNIFICANT possibilities happened on yesterday trading.

Strategy,
If FKLI >1160, temporary clear short intention.
If FKLI >1171, bullish signal. turn long, cut loss at 2 previous 15 min bar low.

If FKLI <1151, short signal appear, short, cut loss 2 previous 15 min bar higher + 3 points or 1158 on closing, which ever is lower.

If FKLI <1145, short signal appear, wave 4 bottom break.

Monitor,
Dow Jones +23

watch for nikkei monday morning opening.

CPO 24th July 2009

As yesterday,
Short position established @2113.
stop place @2133.
i should be able to short higher price but i scare worry a bit.
but nevermind, market close almost low.

Results:
0 safe, 0 con, 3 losses, 3 win.

CPO outlook.
confirmed bearish if not break resistance at 2129, 61.8% but almost tail end.
minor wave 4 seem complete with top at 2123.
market was traded sideway after that.
but, in 5 min chart, manage to count complete nano wave 1 and wave 2.
so expect tomorrow would be very volatile.

based on previous wave count, i expect would perform multiple extension wave in the coming trading session. profit target as 1930.

strategy,

If CPO gap up > 2162, bullish signal, long after hourly form 1 bar, cut loss at previous hourly bar low - 10 points.

If CPO gap up >2130, clear all short position. wait for short again.

If CPO gap up > 2116, clear al short position. wait for short again.

If CPO < 2100, mild short signal. 2099 will become resistance.

if CPO <2078, sell signal confirm, short and cut loss at previous hourly bar chart high + 10 points.

If CPO <2025, sell signal, confirmed, short and cut loss at previous hourly bar chart high +10 points.

profit target at 1930.

All the best in trading.

FKLI 24th July 2009

As yesterday,
Short position established@ 1155
stop placed at 1060.

Results:
3 safe, 0 con, 5 losses, 2 win.

FKLI outlook:
As expected, FKLI rebound 1 more time.
this formed another new high, higher top at 1162.5.
but also formed a diagonal in the 15 min charts.
i should short once break down from the support trend line but i follow my plan, short at break support at 1155, low of previous doji.

Based on wave count,
yesterday complete wave 5 with special diagonal formation.
there is 1 insignificant possibility that FKLI might test new high tomorrow. have to depend on Dow Jones performance tonight.
if Diagonal is confirmed complete, then we are looking at 2 possibility
1 major sell down and 1 minor sell down.

Strategy,
If FKLI gap up >1164+ 3 points higher, all short position must clear at any price.
If FKLI gap up > 1160, short position covered after 15 min bar closed above 1160.

If FKLI < 1154.5, wait 15 min, if closed lower 1154.5, short, cut loss at 2 previous 15 min bar high + 3 points.

If FKLI < 1131.5, diagonal formation complete, short after 15 min bar close below 1131.5, cut loss at 2 previous 15 min bar high + 3 points.

Monitor,

Dow Jones closing.

Thursday FED governor Tarullo gives banking regulatory testimony to the Senate.
Weekly Jobless claims are released, along with Existing home sales and the UofM Consumer sentiment reading

Sunday FED chairman Bernanke is hosting a town hall event at the Kansas City FED.

Nikkei Opening.

CPO 23rd July 2009

As yesterday,
i did not establish anything as i was developing my new system.

Result:
0 safe, 0 con, 3 losses, 3 win.

CPO outlook,
Still bearish.
minor wave 3 seem complete. might rebound tomorrow.
another possibility is wave c complete. have to be careful if break 2140

Strategy,
Short on rebound.
23.6%@2097
38.1%@2110
50%@2120
61.8%@2129
last@2144

if CPO hit any of this price, wait 15 min, short, cut loss at previous 2 15 min bar high + 10 point.

if CPO gap down < 2070, wait 15 min, short if closing <2070, cut loss at previous 15 min bar high + 10 points.

if CPO gap down <2020, bear is confirmed, wait 15 min, short, cut loss at previous 15 min bar high + 10 points

All the best in trading.

FKLI 23rd July 2009

As yesterday,
i did nothing as i busy creating my new system.
but, based on opening, i'm safe for not short.

Results:
3 safe, 0 con, 5 losses, 2 win

FKLI outlook:
Daily chart show consolidate despite 1 spike up head but still manage to close below the range.
Hourly chart shows 1160 is upper trendline resistance.
Based wave count,
yesterday almost complete
last%@1163
last%@1161.5
200%@1163.5
238.1@1164.5
This show there is still possibility that FKLI might touch the resistance again.
However, complete this 1163, might 2 possibility
1 minor sell down or 1 extreme major sell down.

Strategy:
If FKLI gap up > 1165, turn bullish
If FKLI gap up > 1152, stay out from market

if FKLI < 1145, short, cut loss at previous 15min bar high + 3 points
if FKLI <1131, sell signal confirmed. short, cut loss at previous 2 15 min bar high.

Monitor,

Dow Jones closing.

Wednesday FED chairman Bernanke gives monetary policy testimony to the Senate.

Thursday FED governor Tarullo gives banking regulatory testimony to the Senate.
Weekly Jobless claims are released, along with Existing home sales and the UofM Consumer sentiment reading

Sunday FED chairman Bernanke is hosting a town hall event at the Kansas City FED.

Nikkei Opening.

CPO 22nd July 2009

As yesterday,
1 short position establish @ 2140.
cut loss at 2147.
loss 7 points/lots

results:
0 safe, 0 con, 3 loss, 3 win.

CPO outlook,
Still Bearish. But in critical region.
CPO struggling at 2160 - 2120 range.
if break 2120 will indicate 1st selling signal.
Aim for short position.

Strategy:
If CPO gap up >2185, bullish signal. long after 1st hourly bar complete, cut loss at 2128 - 5 points.

If CPO gap up > 2162, no more short intention until break support levels.

If CPO 2120 < x <2160, stay out.

If CPO <2120, 1st short signal, short, cut loss at 2160 as stop.

If CPO <2070, bear is confirmed. short, cut loss at 2160. However, profit target seen at 1930.

All the best in trading.

FKLI 22th July 2009

As yesterday,
1 short position established @1144.5
took profit at 1137.
profit 7.5 points/lot

my stop at 1139 was never triggered.
now i wondering should i follow back my old styles.
main objective for trading is follow the system.

Results:
2 safe, 5 losses, 2 win.

FKLI outlook:
Daily chart forms Dark Cloud
15min chart break down from trend line but didn't have panic selling. only consolidate.
If 1148.5 is consider top. 1.5 points higher than yesterday, i consider that as false break.
If i look at 15 min chart, it open at 1148 but close at 1146. still same as yesterday.
If 1148.5 is topped, then i think FKLI might have a major correction.
There is the possibility to reach 957 region.

Strategy,
if FKLI gap up >1148.6, bullish, wait 15 min bar forms, if closing still above 1148.5, long, cut loss at previos 15 min bar low - 3 points lower.

if FKLI gap up >1137, temporary no more short intention until notice support break.

if FKLI 1131 < x <1137, stay out. if break 1131, then consider short while cut loss at 1139.

if FKLI gap down < 1126, sell signal confirmed, short after 15 min complete, cut loss at 15 min + 3 points higher.

Monitor,

Dow Jones closing.

Tuesday FED chairman Bernanke gives monetary policy testimony to the Congress.

Wednesday FED chairman Bernanke gives monetary policy testimony to the Senate.

Thursday FED governor Tarullo gives banking regulatory testimony to the Senate.
Weekly Jobless claims are released, along with Existing home sales and the UofM Consumer sentiment reading

Sunday FED chairman Bernanke is hosting a town hall event at the Kansas City FED.

Nikkei Opening.

CPO 21th July 2009

As yesterday,
no position established

Results:
0 safe, 0 con, 2 loss, 3 win.

CPO outlook,
Bearish.
CPO manage to rebound 61.8% retracement and complete 100% projection
Short.

Strategy:
If CPO >2222 on hourly closing, long, bullish signal, cut loss at previous hourly bar low.
If CPO >2180 on hourly closing, stay out
If CPO <2150, mild bear signal. short, but cut loss fast, on previous 2 bar 15 minute high, not closing.
If CPO < 2120, short, cut loss at 2180 + 10 point
If CPO <2070, downtrend confirm, short, cut loss at previous hourly bar high.

All the best in trading.

FKLI 21th July 2009

As yesterday,
no position established.

Result:
2 safe, 5 losses, 1 win

FKLI Outlook:
Stopped at 1146.
Target at 1145.
if not break new high. Market might have severe correction.
Aim to short.

Strategy,
If FKLI gap up, >1161, long, but loss at previous 2 bar 15 minutes low.
If FKLI <1145, short, cut loss at hourly bar high, not closing.
If FKLI gap down, <1138 on 15 minute closing, short, cut loss at previous 2 bar 15minute high.

If FKLI 1146 < x < 1161, stay out.

Monitor,
Dow Jones closing

Monday Leading indicators will be reported at 10:00.

Tuesday FED chairman Bernanke gives monetary policy testimony to the Congress.

Wednesday FED chairman Bernanke gives monetary policy testimony to the Senate.

Thursday FED governor Tarullo gives banking regulatory testimony to the Senate.
Weekly Jobless claims are released, along with Existing home sales and the UofM Consumer sentiment reading

Nikkei Opening.

Sunday FED chairman Bernanke is hosting a town hall event at the Kansas City FED.

CPO 20th July 2009

As yesterday,
1 profit trade of 15 points/ lot
1 loss trade of 17 point/ lot
no position holding

Results:
0 safe, 0 con, 2 loss, 3 win.

For CPO,
As expect, CPO rebound.
i longed but did not follow plan again.
took profit too fast.
my target is 2140.
have to readjust myself for trading.

Outlook
Bull still not yet confirm
Bearish seems tired.

Strategy,
If CPO >2168, cut all short position.
if CPO 2128 < x < 2168, stay out.
if CPO <2128, wait hourly bar form, if still below 2128, short, cut loss at hourly bar high +10 point.
if CPO <2070, short, cut loss at 2140. stop.

FKLI 20th July 2009

As yesterday,
FKLI short position covered, losses, 7 points/lots
no position hold overnight.

i suddenly realize that i did not follow my plan to long once break 1081 levels.
else, i'll be holding long position until now.

i also realize my position always from profit turn to losses.
maybe i should adopt more short term strategy.
need to revise my profit taking and entry strategy.

Results:
2 safe, 5 losses, 1 win

For FKLI,
FKLI stopped at 1128.5
Based on wave count.

Strategy,
if FKLI >1129.5, long, cut loss at 1122.5 on 15min closing. profit at 1143. (1st target)
if FKLI <1123, on 15min closing, short, cut loss at 1126 on 15min closing. profit at 1110.5 (1st target)
if FKLI 1123 < x < 1129.5, stay out.

Monitor,
Dow Jones +32

Nikkei Opening on morning session.

CPO 17th July 2009

As yesterday,
No position.

Results:
0 safe, 0 con, 1 loss, 3 win.

For CPO,
As expect. Market drop. but i didn't enter position as i choose to stay out from CPO market.

However, tomorrow is very crucial for CPO

If CPO >2020 - 10 points, CPO would rebound. long. cut loss on hourly bar low - 10 points or 2020 - 10 point, which ever is lower. profit target at 2140.

If CPO <2000 - 10 points, CPO confirm bear continue. target price at 1930 still stands.

However, if break 2000, then resistance at 2070 is confirmed.

All the best in trading!!!!!!!!

FKLI 17th July 2009

As yesterday,
i didn't long when market open at 1112 ( > 1110 level)
but i turn short when FKLI break support.
this is against my previous planning.

Short position established at 1115.5.
cut loss remain put at 1022.5

Results:
2 safe, 4 losses, 1 win

For FKLI,
FKLI seems temporary topped around 1120 levels.
Expect FKLI would retrace/ fall tomorrow.
This is meant to confirm if it's beginning of new uptrend or almost tail-end.
if holding above support, then market should be new bull run,
if break support, then very likely market will have sharp retrace.
'Almost' shooting star formed in the daily chart.

Strategy:
Short term trading is short.

If FKLI >1121.5, long signal, long, cut loss at previous 15min bar low - 2 points
If FKLI <1121.5, holding short position. stop remain unchange.

If FKLI >1106, stay out from FKLI, prepare to take profit. clear position
If FKLI <1106, short signal, add position. cut loss intraday trade at 15 min bar high +2 points while overnight stop remain same until resistance break.

Monitor,
Dow Jones closing.

Friday Options expiration , Housing starts and Building permits will be released.

Nikkei Morning opening.

CPO 16th July 2009

As yesterday
No position is established.

Results:
0 safe, 0 con, 1 loss, 3 win.

For CPO,
As expected. Choppy trading day.
looking to short if previous high at 2181 not break higher.

However, best choice still is stay out from market.

If CPO >2180, bull trend confirm. but wait for better entry.

If CPO < 2097, short, cut loss at 2140 + 5.
If CPO < 2085, short, cut loss at previous hourly bar high + 5

All the best in trading.

FKLI 16th July 2009

As yesterday,
no position established.

Results
2 safe, 4 losses, 1 win

For FKLI,
High chances that FKLI is already reverse trend.
However, i'm question on the support levels to confirm it's uptrend.

Strategy:
Intraday Long
Position trades, wait first. yet to confirm.

If tomorrow, FKLI > 1110, long, cut loss at 15 min bar low -1.
If tomorrow, FKLI < 1110, short, cut loss at bar high +1.

If FKLI <1068.5, bear trend confirmed.

Trade for short term trading.
On my feeling, better to stay out. wait till direction is clear.

Monitor,
Dow JOnes closing

Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.

Thursday have weekly Jobless claims and the Philly FED.

Friday Options expiration , Housing starts and Building permits will be released.

Nikkei morning opening.

CPO 15th July 2009

As yesterday,
CPO took profit at 2035.
15 points /lot
No position establish.

Results:
0 safe, 0 con, 1 loss, 3 win.

For CPO,
Today CPO price 1st time break previous top resistance at 2058.
Possible 1st sign of trend reversal.
However, CPO still no need reach my desired target 1930.
Decision to follow original plan, wait for further confirmation.
But if Bull Coming, there are 2 types of trading that i plan to apply.
1st is long term position trading, suggest to take 2 month ahead.
2nd is spread trading.

Strategy:
think CPO might be sideways starts from today.

if CPO >2181, bull trend 100% confirm formed.
if CPO <2181, short position is still preferred. preferred price at 2073, 2098, 2134.
if CPO <2007, short signal appear. short position establish, cut loss at previous hourly bar high plus 5 points.
if CPO <1983, short signal appear, short position establish, cut loss at previous hourly bar high plus 5 points.

only trade upon 10% of fund. as i expect more lossing trading happen here and less profit margin.

best choice is stay out from CPO market.

best of trading days.

FKLI 15th July 2009

As yesterday,
short position turn losses again.
loss 6 points / lot

Result:
2 safe, 4 losses, 1win

For FKLI,
Highly possible FKLI already reverse to uptrend
critical support at 1068.5
Daily chart seems form a large symmetric triangle.
CI break 1072 during trading. show bullish sign.

Strategy:
Want to long FKLI.

If FKLI tomorrow > 1082.5 on opening, wait for better price.
If FKLI tomorrow < 1081.5 on opening, support at 1068. long on pull back. Prefered price at 1071.5 and 1068.

If FKLI break 1094. bull trend is confirmed. but still prefer to wait for better price.

If FKLI break 1068.5, market will seen as sideways.

If FKLI break 1052. bear trend continue.

Monitor.
Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.

Thursday have weekly Jobless claims and the Philly FED.

Friday Options expiration , Housing starts and Building permits will be released.

Nikkei morning opening.

CPO 14th July 2009

As yesterday,
New CPO short position still holding.
cut loss change to 2035.

Result:
0 safe, 0 con, 1 loss, 2 win.

For CPO,
CPO bear trend continue.
Trend still yet to confirm is bullish but confident bear trend is near tail end.

Outlook:
Bearish. But tail end
Possible of turning bullish. Wait for signal.

Strategy:
Short CPO with 10% of funds.

If CPO >2035, short position cleared. take profit ( order placed in advance, not hourly closing)
If CPO <1982, mild short signal appear, short, cut loss 2003
If CPO <1964, bear trend continued. short signal appeared. short. cut loss at 2015.

CPO now is almost tail-end for this bear trend.
Advice only go in for 10% fund.
Wait for large trend to come.

observation:
'san po' effect detected.

today will be a big swing day.

Best of trading days.

FKLI 14th July 2009

As yesterday,
Short position still holding
Stop order place at 1070.5

Result:
2safe, 3 losses, 1 win.

For FKLI,
Support at 1052.5 seem strong.
resistance at 1068.5 must not break on 15min closing.

Outlook:
Bearish if 1068 - 1070 not break.
Bear trend confirm at 1052.5.

Strategy:

If FKLI <1052.5, Bear trend confirm, short. cut loss at 1064 ( place stop order in advance)
If FKLI > 1068, Bullish. All outlook turn long.

Things to monitor.

'san po' effect is detected.
tomorrow will be a big swing day.

CI must not break above 1072

Tuesday we have the PPI, Retail sales, and Business inventories.

On Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.

Thursday have weekly Jobless claims and the Philly FED.

Friday Options expiration , Housing starts and Building permits will be released.

No speeches yet posted for the FED.

Nikkei tuesday morning trading.

CPO 13th July 2009

As yesterday,
New CPO short position established. (after cut loss on previous days)
cut loss remain at 2060

Result:
0 safe, 0 con, 1 loss, 2 win.

For CPO,
CPO bear trend continue.
Trend still yet to confirm is bullish but confident bear trend is near tail end.

Outlook:
Bearish. But tail end
Possible of turning bullish. Wait for signal.

Strategy:
Short CPO with 10% of funds.

If CPO >2060, short position cleared. Cut loss ( order placed in advance, not hourly closing)
If CPO <2006, mild short signal appear, short, cut loss 2050, on hourly chart closing or 2060 stop order in advance.
If CPO <1983, bear trend continued. short signal appeared. short. cut loss at 2060.

CPO now is almost tail-end for this bear trend.
Advice only go in for 10% fund.
Wait for large trend to come.

Best of trading days.

FKLI 13th July 2009

As yesterday,
Short position establish 1064.5.
Stop order place at 1070.5. (Above 15min closing)

Result:
2safe, 3 losses, 1 win.

For FKLI,
Forms Doji in Daily chart.
Resistance 1068 never break in 15 min closing.

Outlook:
Bearish if 1068 - 1070 not break.
Bear trend confirm at 1052.5.

Strategy:

If FKLI <1060.5, medium bear signal. short. cut loss at 2 previous 15min bar high on closing

If FKLI <1052.5, bearish trend is confirmed. short. cut loss at 2 previous 15min bar high on closing.

If FKLI > 1068, Bullish. All outlook turn long.

Things to monitor.

CI must not break above 1072

Dow Jones -36

Monday with the Budget deficit at 2:00.

Tuesday we have the PPI, Retail sales, and Business inventories.

On Wednesday have CPI, the Empire index, Industrial production and the FOMC minutes.

Thursday have weekly Jobless claims and the Philly FED.

Friday Options expiration , Housing starts and Building permits will be released.

No speeches yet posted for the FED.

Nikkei monday morning trading.

CPO 10th July 2009

As yesterday,
CPO short position cut loss at 2033.
losses 23 point/ lot

Result:
0 safe, 0 con, 1 loss, 2 win.

For CPO,
CPO rebound.
Trend still yet to confirm is bullish but confident bear trend is near tail end.

Outlook:
Bearish. But tail end
Possible of turning bullish. Wait for signal.

Strategy:
Short CPO with 10% of funds.

If CPO >2100, Bull trend is confirm establish. Wait for price to long.
If CPO <2070, encourage to hold short position but cut loss will be previous hourly bar closing on close.

If CPO<2016, 30% bear rally continue. short. cut loss at previous hourly bar high on close.
If CPO<2000, 50% bear rally continue. short. cut loss at previous hourly bar high on close.
If CPO<1980, confirmed bear rally continue. short. cut loss at 2000 on hourly closing.

CPO now is almost tail-end for this bear trend.
Advice only go in for 10% fund.
Wait for large trend to come.

Best of trading days.

FKLI 10th July 2009

As yesterday,
No position was established.
support 1052 never breach.
Didn't hold short position around.
Just see only.

Result:
2safe, 3 losses, 1 win.

For FKLI,
FKLI seems supported at 1055 levels.
Hourly RSI and 15 RSI seems manage to form a bear signal.
However, better to wait tomorrow for confirmation.
Seems like falling wedge confirmed. Support at 1052.

Outlook:
Bearish if 1068 - 1070 not break.
Might be turning bullish if 1070 break. But still will wait for pricing to go in.

Strategy:

If FKLI <1062.5, medium bear signal. short. cut loss at 2 previous 15min bar high on closing

If FKLI <1055, bearish trend is confirmed. short. cut loss at 2 previous 15min bar high on closing.

If FKLI > 1068, Bullish. All outlook turn long.

Things to monitor.

CI must not break above 1072

Dow Jones closing

Thursday, the weekly Jobless claims.

Friday the Trade deficit, Import prices index, and Consumer sentiment.

Nikkei Morning session.

CPO 9th July 2009

As yesterday,
CPO short position established due to rules must follow strictly on system.
Cut loss place 2024, CPO hourly bar closing.

Result:
0 safe, 0 con, 0 loss, 2 win.

For CPO,
hourly shows consolidation.
after 2093 break, looking CPO would bottomed around 1930.

Outlook:
Bearish. But tail end
Possible of turning bullish. Wait for signal.

Strategy:
Short CPO with 10% of funds.

If CPO >2024, All short position closed. HOURLY CHART CLOSING.
If CPO >2100, Bear trend confirm 30% reverse but still wait for price to long.
If CPO >2181, Bear trend confrim 100% reverse but still wait for price to long.

IF CPO <1983, short signal continue. support at 1930.
If CPO <1925, short signal continue, support 1697.

CPO now is almost tail-end for this bear trend.
Advice only go in for 10% fund.
Wait for large trend to come.

Best of trading days.

FKLI 9th July 2009

As yesterday,
intraday short position cut loss.
loss 5 point yesterday.

Result:
2safe, 3 losses, 1 win.

For FKLI,
FKLI seems supported at 1052 levels.
RSI seems break up from the resistance line.
Seems like falling wedge formed. Yet to confirm.

Outlook:
Bearish if 1066 not break
Might be turning bullish if 1052 not break.

Strategy:

If FKLI <1052, bearish confirm. short

If FKLI > 1068, Bullish. All outlook turn long.

If FKLI <1061, encourage to but put stop loss 1065, on 15min closing.

Things to monitor.

CI must not break above 1072

Dow Jones closing

Wednesday the Consumer credit report.

Thursday, the weekly Jobless claims.

Friday the Trade deficit, Import prices index, and Consumer sentiment.

Nikkei Morning session.

CPO 8th July 2009

As yesterday,
no position establish.

Result:
0 safe, 0 con, 0 loss, 2 win.

For CPO,
CPO manage to break down below 2075 in hourly chart closing.
however, i decide not to go in CPO market as i still think CPO now is in finish wave.
in term of risk and reward wise, it's not advisable to go in position.
however. i think CPO would temporary supported around 2050.

Outlook:
still bearish.
no sign of reversal yet.
as expected, slaughtering activities comes into picture.

Strategy:
Stay out from market.

if insist to go in market:

If CPO >2050, long. cut loss at 2030
If CPO >2110, long, cut loss at 2090. 30% bull signal confirmed.
If CPO >2210, bull signal 80% confirmed.

if CPO <2050, short, cut loss at previous hourly bar high.
However, main plan still not go in CPO market.

All the best in trading!!!!!!!!!

FKLI 8th July 2009

As yesterday,
My short position covered due to 15 min closing above 1064.
profit 5.5 point/lot

Result:
2safe, 2 losses, 1 win

For FKLI,
yesterday, sideway trading for FKLI.
triggered my stop.
so tempted to short again.
but follow planning, wait for tomorrow.
protect profit first.

Outlook:
Bearish. if 1078 not break.

Strategy for trading:

If FKLI traded <1067, bearish. Mostly stopped here. Hold short position while cut loss at 1078.

If FKLI traded >1078, bull signal. Stay out, see clearer direction. Wait for entry price.

If FKLI traded 1067 < x <1078. Stay out, wait for confirmation.

If FKLI traded <1055, Short. Sell signal confirmed.
Short position must be cautious at support levels 1050, 1047, 1030, 993.

Things to observe,
Tonight Dow Jones closing
Wednesday, consumer credit report.

Tomorrow early morning Nikkei trading.

CPO 7th July 2009

As yesterday,
no position held for overnight.

Results:
0 safe, 0 con, 0 loss, 2 win

For CPO,
hourly chart shows choppy trading.
slaughter most of the intraday traders.
some of overnight position would be triggered loss.

Outlook:
Sideways,
turning bullish if 2075 - 2100 range not break.

Strategy:
Stay out from market

if still insist to go market:

If CPO >2209, stay out from market. possible confirm bullish.

If CPO 2180 < x < 2209, bearish. short. Cut loss if hourly bar close above 2209

If CPO 2075 < x < 2100, supporting. long for position. cut loss if hourly chart close below 2075.

not encourage to traded too much in CPO as expected CPO would shake most of the position traders's stop order.

Happy Trading days.

FKLI 7th July 2009

As yesterday,
FKLI short position established.
stop parked at 1071.

Result: 2safe, 2 losses, 0 win.

For FKLI,
yesterday, FKLI manage to break new low and close almost the low
CI confirmed break from long consolidation.

Outlook:
Bearish, must break 1052 to confirm major correction.

Strategy:

If FKLI traded >1064, clear all position, stay out. No bull signal triggered

If FKLI traded > 1074, Bull signal triggered. observe price to go in.

If FKLI traded <1052, market confirmed major correction.

If FKLI traded 1052 < x <1064, monitor market. sell on strength. but cautious.

Things to observe,

Tonight Dow Jones closing

Monday starts the economic week with ISM services at 10:00.

Wednesday the Consumer credit report.

Thursday, the weekly Jobless claims.

Friday the Trade deficit, Import prices index, and Consumer sentiment.

Nikkei trading in morning.

CPO 6th July 2009

As yesterday,
All CPO position took profit at 2096 and 2093 levels
on average, CPO profit 170point/lot
no more position occur.

Results:
0 safe, 0 Con, 0 loss, 2 win

For CPO
yesterday hit my projected figure.
temporary stay out from CPO market.
only trading for short term

Outlook:
Bullish. if 2075 not break

Strategy:
If CPO < 2209, bearish, short for short term trading

If CPO >2209, stay out, wait to long. uptrend is 50% confirmed

If CPO 2175 < x < 2210, looking to short for short term.

If CPO 2075 < x < 2100, looking to long.

Cautious, trend is about to change. Trade cautiously. Preserve capital. Looking new trend to establish.

Look for moving's product such FKLI.

CPO soon is the major focus.

1 lot = 60k - 200k profit.

All the best in trading.

FKLI 6th July 2009

As yesterday,
FKLI short position was triggered
cut loss
loss 4 point/lot

Result: 2safe, 2 loss, 0 win

For FKLI,
yesterday July hourly chart show it's rectangular formation.

Outlook:
sideways, bearish

Strategy:

If FKLI traded > 1077.5 ( 15min chart closing), stay out, possible bullish

If FKLI traded <1072 ( 15min chart closing), short, cut loss remain at 1077 above, 15min closing

If FKLI traded 1072 < x <1077.5, stay out.

Things to observe

Morning Nikkei index

Morning Dow Jow futures.

All the best in trading.

CPO 3rd July 2009

As yesterday,
CPO short position still holding.
stop was never triggered.
partial position stop move to 2209, (if higher than 2209 in hourly barclosing, not high)
partial stop remain at 2275, ( if higher than2275 in hourly bar closing, not high.

Result:
1 profit, 0 losses.

For CPO,
CPO price seems temporary bottomed around 2170 levels
possible rebound to 2209 levels. or possible at 2250.

If CPO gap up, < 2209, fresh short position in encourage.

If CPO gap up, >2209, take partial profit, wait for clearer view.

If CPO gap down, >2155, stay out. short position remain. Don't rush to take profit.

If CPO gap down, <2155, bear market continue. but fresh short position in not encourage.

If CPO, 2155 < x <2209, stay out.

FKLI 3rd July 2009

As yesteday,
FKLI sell position established. new short position.
stop remain at 1077.

Result: 2 safe, 1 loss, 0 win

For FKLI,
yesterday close at almost low after low consolidation.
1085.5 is July contract previous top.
forms a double top formation where neckline seen 1068 levels.
based on hourly bar close.

Outlook:
Market bearish.
Short position encourage.

Strategy for tomorrow.

If tomorrow FKLI trade < 1068, sell signal confirmed. cut loss at 1077 or better at 1085.5

If tomorrow FKLI trade > 1077, clear all sell position.

If tomorrow FKLI trade 1068 < x < 1077, stay out.

If tomorrow FKLI trade >1086.5, stay out. but possible of bull signal.

Things to observe

Tonight Dow Jones closing

Thursday the regular weekly Jobless claims, along with Non-farm payrolls, the Unemployment rate (10%?), and Factory orders.

Friday is a holiday in the States, Independence day.

Tomorrow morning nikkei trading.

Best of trading days. All the best.

CPO 2nd July 2009

As yesterday,
CPO short position took profit as 2250 breach.
Fresh short position occur when 2275 not breach
stop remain at 2275( hourly bar closing, not high)

Result: 1 profit, fresh position

For CPO,
Resistance seen at 2275 and 2318.

If CPO gap up >2275, stay out from market. wait for clearer view.

If CPO gap down, <2255, bear run continue. resisntance 2275 critical.

If CPO 2255 < x <2275, stay out, wait for signal.

FKLI 2nd July 2009

As yesterday,
FKLI sell position, stop was triggered at 1082.
loss money. loss 8point/lot
from profit turn to losses
intraday loss 2.5 point/lot

Result: 1 safe, 1 loss, 0 win

For FKLI,
Yesterday, daily chart show long green bar.
hourly chart close at 1083, 1.5 point higher than my expectation.

Outlook:
Possible Bull Market continue
Possible just rebound market.

Strategy for tomorrow.

If tomorrow FKLI trade <1077.5, i'll hold short position, cut loss same at 1082, 15min bar chart closing, not high.

If tomorrow FKLI trade >1086.5, i'll wait for long position. possible plan is cut loss at 1077.5 on 15min bar closing, not low.

if tomorrow FKLI trade 1077.5 < x <1086.5, i'll stay out from market.

Things to observe

Dow Jones closing

Wednesday: ADP employment, ISM manufacturing, Construction spending and Auto sales.

Thursday the regular weekly Jobless claims, along with Non-farm payrolls, the Unemployment rate (10%?), and Factory orders.

Friday is a holiday in the States, Independence day.

Tomorrow morning nikkei trading.

Best of trading days. All the best

CPO 1st July 2009

As yesterday.
CPO, sell position still holding. stop order was not triggered.
CPO, another sell position triggered.
stop change to 2275. ( hourly bar chart closing )

Result: Position increase, correct, Make Money

For CPO,
Resistance seen at 2275 and 2250. if break 2250, all short position cleared.
Expect CPO would traded wide range.

If CPO price gap up above 2250, expect some major rebound. next resistance 2275 and 2318
If CPO gap down lower than 2209, expect CPO would plunge where 2209 become resistance, + - 10 point.

FKLI 1st July 2009

As yesterday,
FKLI, sell position triggered. Position hold for overnight.
stop loss still remain at 1082 ( only valid if hourly bar closing above 1082, not on 1082.)

Result: Correct, Make money.

For FKLI
Yesterday daily chart close at Dark Cloud formation but volume was considered less to be more effective.
Doji on previous 2 trading days still valid.

Outlook:
Bear rally. Short.
Expect FKLI would be a wild market for tomorrow.

Strategy for tomorrow
IF tmr FKLI gap up, July contract, if not above 1082, short position remain. Fresh Short position is encourage but place cut loss on 1082 (hourly bar closing, not the high and low)

IF tmr FKLI gap up, July contract, above 1082, all short position cleared.

IF tmr FKLI gap down, be extra alert if FKLI stopped at 1059, 1051.5 and 1042. Fresh short position is encourage.

Thing to observe,
Tonight Dow Jones index.
Tuesday kicks off the week with the Chicago PMI and the Consumer confidence reading.

Tomorrow morning Nikkei Indices

Overnight crude oil and soybean oil closing.

CPO 30th June 2009

As yesterday,
Sell signal triggered, holding short position
while stop remain at Rm2333 ( upon hourly bar chart closing )

Long position: not occur as outlook was aim to short.

CPO,
CPO price seems 15min bottomed at RM2242. Hit target.
Outlook : Short

Strategy for tomorrow:
if CPO gap up, higher 2310, stay out
if CPO gap up, around 2280, consider short, cut loss RM2310, ( uponly hourly bar chart closing)
if CPO gap down, continue short, but don't add position. market might rebound slightly.
however, we aim CPO profit target on long term basis is RM2100 and Rm1950.

FKLI for 30th June 2009

As yesterday,
Sell signal was not triggered, no sell position on hold.
Long position: not occur as outlook was aim to short.

Result: safe from slaughtering.

For FKLI,
previous days forms Doji but today breaks new high.
outlook: Short

strategy for tomorrow.
if tomorrow FKLI gap up, higher than 1082, lower than 1094, stay out.
if tomorrow FKLI gap up, traded higher than 1094, stay out, - outlook turn bullish ( can try to long but cut loss around 1090 or 2 hourly bar low.)
if tomorow, FKLI traded lower than 1074, looking to short , cut loss would 1082.

things to observe,
Monday Dow Jones don't have special report
Tuesday kicks off the week with the Chicago PMI and the Consumer confidence reading. Wednesday: ADP employment, ISM manufacturing, Construction spending and Auto sales. Thursday the regular weekly Jobless claims, along with Non-farm payrolls, the Unemployment rate (10%?), and Factory orders.
Friday is a holiday in the States, Independence day

Tomorrow morning Nikkie index.

CPO price trading

We aim for holding short position
1st short signal if RM2298 break.
2nd confirm short short signal if RM2231 break.
Profit target for longer term is RM2093 and RM1930 regions.
Cut loss if hourly bar closed above RM2333. Not high above RM2333

* This cpo sell down would be the last sell down according to wave count.
*It's possible CPO would reverse trend to bull trend once either 1 profit target reach.

Possibilities of CPO trading
1st option,
CPO price traded above RM2350, suggest to stay out from the market
CPO next resistance RM2377, if RM2377 were violated, it's possible bull rally comes to the picture. but, suggest to stay out, wait for clearer picture. Long position is not recommended.

2nd option,
CPO price trade lower than RM2298, try to short 30% of the total intended amount. Cut loss still remain on hourly bar closing at RM2333.

For FKLI
first sell signal if 1075.5 was break
second confirm sell signal if 1072 break
cut loss at 1081
profit levels for tomorrow seen at 1062.

things to observe at 8.30am is Nikkei need to traded on negative zone.
further strong indication is crude oil and soybean oil electronic traded negative as well

possibilities
1st option,
if market supported above 1072, and break new high (1081.5) then we aim for 1094, despite break 1092 levels, 1094 is the previous price target. we call long if FKLI were traded higher than 1094 and never trade lower than 1090.

2nd option,
if market break 1062?
if this is the case, then i think market is confirm traded on Wave C.
aiming longer term profit target at 1030 or 993 regions.
However, FKLI might be traded volatile during trading session due to minor sub wave during trading session. Cut loss order at 1080 still remain there.