ISSUE #58 | 27 APR - 1 MAY
TREND FOLLOWING MALAYSIA FUTURES NEWSLETTER
WHAT’S INSIDE Results FKLI FCPO Brent WTI USD Index USD Ringgit
COPYRIGHT INFORMATION Copyright 2015 © David Lee and trendfollowingmalaysia.com
REPRODUCTION & DISTRIBUTION RIGHTS You are automatically granted full reprint and reproduction rights to this newsletter. This means you are free to distribute this newsletter as you wish by offering it for download from your website or share the newsletter link freely. The only requirement is the newsletter must remain intact (no editing allowed) and cite the author.
DISCLAIMER The opinions and information contained in this weekly newsletter are based on available data believed to be reliable and for educational purposes only. It is not an offer or solicitation to buy or sell the securities covered by this outlook. No individual financial strategy or goals have been taken into account in the preparing of outlooks. Futures trading involve high risks, may not be suitable for certain traders.
FOLLOW THE TREND FOLLOWERS David Lee (Futures Trend Follower) & William Au (Equity Trend Follower) Stocks & Futures Newsletter Database: Click HERE EMAIL:
[email protected] /
[email protected] CONTACT NUMBERS: +6010-370 4207 / +6014-665 1123 WEBSITE http://trendfollowingmalaysia.com/
FUTURES BROKERS For opening of futures accounts & inquiries on Futures Contract Specifications, Risks & Rewards, feel free to contact David Lee & Tan Giak Yoong. EMAIL:
[email protected] /
[email protected] CONTACT NUMBERS: 03-7954-0436 / 03-7969-1007
A Trend Follower’s Mac ’15 results (1 lot basis)
TRADING RESULTS January; February; March
FKLI (KL Index Futures)
FKLI did rally as I correctly anticipated in Issue #57. The index futures managed to stay above 1,845 on Monday and the next day it went up by 16pt to hit our 1st rally target of 1,862 on the same day! Good job Trend Followers who able to grab RM 800/ lot worth of profits and put it in your own pockets. Going forward, I foresee FKLI to resume rally again if prices stays above 1,862 and EMA 8 below EMA 13. The index futures could hit 1,873 next week. Trend Followers remember to use our TLSC method to time for an earlier entry to ride on this potential strong rally. Observe the follow trading plans below to be well prepared:
Plan A FKLI resume rally if EMA 8 above EMA 13 and prices above 1,862 1st rally target 1,873; 2nd rally target 1885
Plan B In contrasts, FKLI starts a correction if EMA 8 below EMA 13 and prices below 1,845 1st correction target 1,835; 2nd correction target 1,825
TLSC, STF and MTF are some of the trend following strategies we use to follow the trends. Feel free email us for more info.
FCPO (Crude Palm Oil Futures)
FCPO’s price action has been sideways throughout last week with strong support at 2,150. The global benchmark of palm oil closed 2,154 on Friday. Going forward, I forsee FCPO to start a strong rally if prices can stay above 2,150 and EMA 8 above EMA 13. We could see market went up by 50 pt ( RM1, 250 per lot) or 100 pt ( RM2, 500 per lot) in this trend. Trend Followers remember to use the T-L-S-C method to know when you can enter early. Observe the following plans below to be well prepared:
Plan A FCPO starts a rally if EMA 8 above EMA 13 and prices above 2,150 1st rally target 2,200; 2nd rally target 2,250
Plan B FCPO resumes correction if EMA 8 below EMA 13 and prices below 2,150 1st correction target 2,100; 2nd correction target 2,050
TLSC, STF and MTF are some of the trend following strategies we use to follow the trends. Feel free email us for more info.
Crude Oil (WTI & Brent)
Readers can use Brent & WTI prices to be prepared for any price increase or decrease in RON95 & RON97.
USD Index & USD RINGGIT
USD Dollar Index (USDX) measures the value of the United States Dollar compared to a basket of foreign currencies (Wikipedia USD Index). USDX goes up means the USD dollar appreciates against other currencies & vice versa.
Readers can use USD Index & USD/MYR chart as references and to be prepared for any Ringgit appreciation or depreciation.
