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.
Thursday, July 30, 2009
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.
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.
Wednesday, July 29, 2009
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.
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.
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.
Tuesday, July 28, 2009
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.
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.
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
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
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
Saturday, July 25, 2009
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.
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.
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.
Thursday, July 23, 2009
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.
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.
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.
Wednesday, July 22, 2009
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.
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.
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.
Tuesday, July 21, 2009
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.
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.
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.
Monday, July 20, 2009
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.
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.
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.
Saturday, July 18, 2009
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.
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.
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.
Thursday, July 16, 2009
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!!!!!!!!
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.
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.
Wednesday, July 15, 2009
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.
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.
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.
Tuesday, July 14, 2009
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.
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.
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.
Monday, July 13, 2009
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.
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.
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.
Saturday, July 11, 2009
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.
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.
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.
Thursday, July 9, 2009
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.
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.
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.
Wednesday, July 8, 2009
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.
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.
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.
Tuesday, July 7, 2009
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!!!!!!!!!
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.
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.
Monday, July 6, 2009
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.
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.
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.
Saturday, July 4, 2009
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.
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.
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.
Thursday, July 2, 2009
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.
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.
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.
Wednesday, July 1, 2009
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.
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
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
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