Thank You All for your Readership

Login and Go to Members’ Area

A new section for Members Only has now been created in The Malaysian Futures Portal.  Only members are able to read the latest post in this blog.  The old posts of this blog will still remain.  This blog will still be updated with trade initiation from time to time but it would not be so timely as compared to what the members see at the Members’ Area.  If you wish to be a member, please CLICK HERE to register and subscribe.

You can also get waiver of the membership fee if you become my client and instruct me to trade based on the signals from Trading Tips for the Day 100%.  So why not contact me to get more information about opening an account.

Trade Initiation for the Day – 9 February 2010

FKLI opened at 1227 and touched our que to go LONG at 1228.  Place stop loss 5 points away at 1223 and take profit 5-7 points away at 1233 to 1235.

Update at 11.30 am – FKLI touched our stop loss at 1223 at about 10.00 am, so 5 points loss for today.

Performance so far for February 2010 = -8 points/contract
Win = 2 times, Lose = 3 times WWLLL

How do I interpret this?

Disclaimer

Trading Tips for the Day – 9 February 2010

Expect the FKLI to open higher.  For the February 2010 contract, the resistance level is at 1238 so one can attempt to short at that point, support level is at 1228 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1243 a breakaway trade can be initiated by going long, and if price breaks below 1223 one can attempt to go short. Target profit is about 5-7 points, while cut loss point is 5 points. Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 8 February 2010

FKLI opened at 1247 so our que to go LONG has been triggered.  Place stop loss 5 points away at 1242 and take profit 5-7 points away at 1252 to 1254.

Update at 2.30 pm – After having nearly touched our que to take profit at 1252, the market turned around and came down to touch our stop at 1242.  So 5 points loss for today.

Performance so far for February 2010 = -3 points/contract
Win = 2 times, Lose = 2 times WWLL

How do I interpret this?

Disclaimer

Trading Tips for the Day – 8 February 2010

Expect the FKLI to open higher.  For the February 2010 contract, the resistance level is at 1245 so one can attempt to short at that point, support level is at 1242 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1247 a breakaway trade can be initiated by going long, and if price breaks below 1240 one can attempt to go short. Target profit is about 5-7 points, while cut loss point is 5 points. Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 5 February 2010

FKLI opened at 1246, so that means our que to go SHORT at 1257 will be triggered if price touches there.

Update at 5.15 pm – FKLI never touched our price to go SHORT so no trade for today.

Trading Tips for the Day – 5 February 2010

Expect the FKLI to open lower.  For the February 2010 contract, the resistance level is at 1262 so one can attempt to short at that point, support level is at 1259 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1264 a breakaway trade can be initiated by going long, and if price breaks below 1257 one can attempt to go short. Target profit is about 5-7 points, while cut loss point is 5 points. Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 4 February 2010

FKLI opened at 1265 and subsequently touched our que to go LONG at 1266.  Place stop loss 5 points away at 1261 and take profit 5-7 points away at 1271 to 1273.

Update at 5.15 pm - FKLI touched our stop loss at 1261 just before the market closed.  So 5 points loss for today.

Performance so far for February 2010 = 21 points/contract
Win = 2 times, Lose = 1 times WWL

How do I interpret this?

Disclaimer

Trading Tips for the Day – 4 February 2010

Expect the FKLI to open higher.  For the February 2010 contract, the resistance level is at 1270 so one can attempt to short at that point, support level is at 1266 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1272 a breakaway trade can be initiated by going long, and if price breaks below 1264 one can attempt to go short. Target profit is about 5-7 points, while cut loss point is 5 points. Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.

Trade Initiation for the Day – 3 February 2010

FKLI opened at 1268 and subsequently touched our que to go LONG at 1266.  Place stop loss 5 points away at 1261 and take profit 5-7 points away at 1271 to 1273.

Update at  5.15 pm – FKLI never touched our profit taking point, closing at 1268.  So 2 points profit for today’s trade.

Trading Tips for the Day – 3 February 2010

Expect the FKLI to open higher.  For the February 2010 contract, the resistance level is at 1264 so one can attempt to short at that point, support level is at 1258 and one can attempt to long there, if the market price opens between these two figures. If price breaks above 1266 a breakaway trade can be initiated by going long, and if price breaks below 1256 one can attempt to go short. Target profit is about 5-7 points, while cut loss point is 5 points. Please que your positions before market opens, and above levels are applicable for one trade per day only. Updates on trade initiation will follow, stay tuned.