FKLI EOD 29/11/12

FKLI : O - 1612, H - 1613.5, L - 1609, C - 1611

MA's crossed / touched each other, pointing up. However, the candlestick today is a narrow / small body doji with low volume.

Resistance @ 1618.5 - 24

Support @ 1608 - 05 - 00

FKLI EOD 28/11/12

FKLI : O - 1594, H - 1609.5, L - 1590, C - 1609

Resistance @ 1611 - 15 - 19

Support @ 1603 - 1598

FKLI EOD 26/11/12

FKLI : O - 1610.5, H - 1612, L - 1603, C - 1605

Resistance @ 1609 - 16

Support @ 1601 - 1595

FKLI EOD 23/11/12

FKLI : O - 1608, H - 1612.5, L - 1605, C - 1608.5

Resistance @ 1612 - 19 - 25

Support @ 1602 - 1599 - 94.5

FKLI EOD 22/11/12

FKLI : O - 1621.5, H - 1625.5, L - 1613, C - 1613.5

Resistance @ 1621.5 - 33

Support @ 1612 - 09 - 02

FKLI EOD 21/11/12

FKLI : O -1618.5, H - 1620, L - 1611.5, C - 1619

Resistance @ 1624 - 28 - 30.5

Support @ 1611 - 04

Forex Trade 20/11/12

Entry BUY at 1.28004 ( As i understood from my friend, it is supposed to be 4 decimal from the right, but i don't know why this is 5 instead. Any answer for me?

I entered based on my MA's (yellow crossed green), and RSI & Stoch, from bottom u-turned and still within the mid section, not overbought yet. 

Allowing my profit to run, as the yellow MA is coming to cross over the blue one, and if it were to cross up, it might move up further. Therefore, i am allowing my profit to run further.

 Well, i am a bit scared (filled with emotions now) seeing the selling and have not crossed up nicely yet. Seeing the figures ding-dong-ing. Thinking whether to take a quick profit from this scalp.

And finally yea, i took some small profit. 

This is base on the standard contract, whereby for me, in real i would trade the mini contract (0.2 contracts) instead of this 1 standard contract which need to fork out a 100,000 USD for 1 contract. 

Will get them to change the contract for me then.

He he. An emotions filled but a good trade for a start, quite an interesting session, this scalping session took me about a couple of mins, forget to time it. But its just within minutes, say 20 minutes. 

He he he.. 

Last but not least, the current price of EUR/USD.

The next candle after i took my small profit is a red one, however it has not broken down still, js sustaining at the moment, but also it did not managed to break above the resistance line which i have drawn earlier on. 

So, first lesson learnt, i think in forex, we gotta take profit very quickly, though its small profit, however it is still money and after the spread, i still make about 6-7 pips.

Last pic - A red candlestick already by now. It was lucky that i got out of position early enough!

FKLI EOD 20/11/12

FKLI : O - 1621.5, H - 1624.5, L - 1615, C - 1617

Resistance @ 1622.5 - 27.5

Support @ 1615 - 08 - 03

Forex Trades

Looking into something new - Forex trading. 

I'm interested to look into the forex market, after seeing some postings on forex. Hence, i decided to open a free demo account for practice purposes, testing on the simple tools which i know of to see how they work in forex tradings. 

Pls feel free to share with me more about forex trades. I would prefer to be an intraday trader/a scalper if someday i were to trade forex. I hope that i would be able to learn more of the forex. However for now, i would be monitoring the movements and also at the same time practicing with the demo account.

It definitely seems to be more fun than fkli. 

FKLI EOD 19/11/12

FKLI : O - 1623, H - 1624, L - 1613, C - 1616.5

Resistance @ 1619 - 21 - 24

Support @ 1613 - 07 - 03 - 00

FKLI EOD 16/11/12

FKLI : O - 1621, H - 1624.5, L - 1616, C - 1620

Resistance @ 1626 - 31 - 34 - 37 

Support @ 1619 - 16 - 13 - 08

FKLI EOD 14/11/12

FKLI : O - 1629.5, H - 1635, L - 1621, C - 1624.5

Resistance @ 1631 - 38 - 42 - 49

Support @ 1624 - 19 - 16

FKLI EOD 12/11/12

FKLI : O - 1635, H - 1638.5, L - 1631, C - 1631.5

Resistance @ 1632 - 43

Support @ 1630 - 25 

FKLI EOD 9/11/12

FKLI : O - 1632, H - 1637.5, L - 1627.5, C - 1634.5

Resistance @ 1640 - 47 - 49 - 52.5

Support @ 1632 - 26

FKLI EOD 8/11/12

FKLI : O - 1632, H - 1639.5, L - 1625.5, C - 1637

It was like a roller coaster for KLCI / FKLI today. TM was sold down earlier in the morning before lunch and by late noon, it had rebounded beautifully from its bottom, with a nicely done hammer of high volume at closing of 5.60.

What would we be expecting of the KLCI / FKLI tomorrow? 

Resistance @ 1642 - 46 - 49 - 55

Support @ 1633 - 26 - 18

Break out point - 1634 / 35

FKLI EOD 7/11/12

FKLI : O - 1645, H - 1649, L - 1640, C - 1640.5

Resistance @ 1643 - 48 - 51

Support @ 1633 - 24 - 18

FKLI EOD 6/11/12

FKLI : O - 1651, H - 1653, L - 1631.5, C - 1641.5

Resistance @ 1649 - 55 - 62

Support @ 1640 - 33 - 24 - 18

FKLI EOD 5/11/12

FKLI : O - 1644.5, H - 1654, L - 1644, C - 1647.5

Resistance @ 55 - 58.5 - 61.5 

Support @ 1643 - 37 - 33

FKLI EOD 2/11/12

FKLI : O - 1673.5., H - 1675.5, L - 1648, C - 1649

Resistance @ 1661.5 - 66 - 68 - 75
Support @ 1643 - 37 - 33

It was merely an unexpected fall for today, of merely 27.5 points net from highest to the lowest point. Some of the counters which fell badly were the telco's; Axiata, TM, Digi (ranging from negative 3-5%)

To what reason due, i am unsure, however there was an article on speculation of possibly dissolving of parliament on next Monday by Malaysia Chronicles. 

[Speculation is swirling that Prime Minister Najib Razak may spring a surprise and dissolve Parliament these few days in a bid to salvage his coalition's chances of retaining control of the federal government. Some of the Umno-BN MPs are saying he will dissolve next Monday.]

Attached below is the link : 

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=43305%3Anajib-to-spring-a-ge13-surprise%3F&Itemid=2#.UJPOIW_nNuM.facebook

FKLI EOD 1/11/12

FKLI : O - 1672, H - 1674.5, L - 1667.5, C - 1672

Resistance @ 1674 - 80

Support @ 1670 - 66

FKLI EOD 31/10/12

FKLI : O - 1674.5, H - 1676.5, L - 1670.5, C - 1673

Resistance @ 1680 - 83 - 94

Support @ 1672 - 66