Starhub - Force Index-2-day EMA returns to 0 and Force Index-13-Day EMA stay positive. Prices seems to be moving around 1.5 to 1.57 range.
by Swin

Starhub daily - True Strength Index. Fast TSI is ticking down and looks to meet slow TSI. Short term upward running might be ended. consolidation period might get started.
by Swin

Starhub Daily - Price has moved back into upper channel.
by Swin

Starhub 30-May-2005 Daily - starhub has come back into channel. Short term resistance is seen at 1.56/1.55 with support at 1.50
by Swin

Starhub 30-May-2005 Force index-13 ticked up with Force index-2 EMA rising to positive again, uptrend still intact. Good volume is needed to push higher.
by Swin

Starhub 30-May-2005 Daily. True Strength Index still in uptrend, though it is ticked down, there is no sell signal.
by Swin

SIMSCI 30-May-2005 Weekly. EMA rising with MACD, MACD-H ticked down. Volatility ahead.
by Swin

SIMSCI 30-May-2005 - True strenght Index looks to form a sell signal
by Swin

SIMSCI 30-May-2005 - Daily. Price staying at channel center line (EMA-22).
by Swin

SIMSCI 30-May-2005 - Daily MACD, MACD-H sticked down with EMA staying flat.
by Swin

SIMSCI 30-May-2005 daily Force Index shows the signals before pull back actually taking place. A divergence of Force Index and price prompted SIMSCI short term pull back.
by Swin

Nikkei225 30-May-2005 Weekly MACD

Nikkei225 30-May-2005 Weekly. Price has reached 52-week EMA strong resistance.
by Swin

Nikkei225 30-May-2005 Daily Elder's Ray

Nikkei225 30-May-2005 Daily Elder's Ray. With Bull power stays in positive, provide a better position to sell short.
by Swin

Nikkei225 30-May-2005 Daily Force Index - Fibonalysis

Nikkei225 30-May-2005 Daily Force Index - Fibonalysis
With Force Index-13-day EMA still negative while Force Index-2-Day EMA shot up above 0, it provides a chance to sell short. Basic logic: Longer term still bearish while short term up run provides a chance to sell short. Nikkei225 weekly has reached 52-Week EMA and strong resistance.
by Swin

SIMSCI 27-May-2005 Daily. William%R ticked down, 50% retracement.
by Swin

SIMSCI 27-May-2005 Daily - Price channel. Price reaching EMA support line. Closed below.
by Swin

SIMSCI 27-May-2005 - Daily MACD
by Swin

SIMSCI 27-May-2005 Daily - Force Index analysis.
by Swin

SIMSCI 26-May-2005 Daily - Force index 13-Day EMA and Force index 2-Day EMA ticked down and turned negative. With Kangaroo tail formation, bearish short term view appears.
by Swin

SIMSCI 26-May-2005 Daily %R ticked down from overbought zone.
by Swin

SIMSCI 26-May-2005 Daily. Price retreated after approaching near upper channel band. Retracment near 2560 support line.
by Swin

Starhub starts pulling back. Refer to the post on 25-May-2005.
by Swin

Starhub 25-May-2005 - Force index. Price hitting new high, however Force index looks bearish divergence. With Doji star, pull back might be due
by Swin

Starhub 25-May-2005 - Weekly , Uptrend still intact, though pull back is expected.
by Swin

Starhub 25-May-2005 - Daily %R in overbought zone and pointing down while price hitting new high. Pull back is in due.
by Swin

Starhub 25-May-2005- With price hitting new high while bull power decreasing. Short term uptrend might come to end. Pull back might be due.
by Swin

Starhub 25-May-2005 - Force index. Price hitting new high, however Force index looks bearish divergence. With Doji star, pull back might be due
by Swin

SIMSCI 25-May-2005 Weekly - MACD, MACD-H, EMA rising. uptrend still intact.
by Swin

SIMSCI 25-May-2005 Daily - MACD, MACD-H, EMA ticked up.
by Swin

SIMSCI 25-May-2005 Daily - Williams%R is in overbought zone and ticked down while price moving up. Pull back might be due.
by Swin

SIMSCI 25-May-2005 Daily. SIMSCI is reaching upper channal band. After tracing up for 3 days, pull back might be due.
by Swin

SIMSCI 24-May-2005 . Fibonalysis. For personal reference.
by Swin

SIMSCI 24-May-2005 Weekly- EMA, MACD-H ticked up for past 4 weeks. slow MACD flat.
by Swin

SIMSCI 24-May-2005 - Weekly Williams%R entered overbought zone.
by Swin

SIMSCI 24-May-2005 Daily - EMA,MACD,MACD-H ticked up for past few days. Momentum still in geared.
by Swin

SIMSCI 24-May-2005 Daily - Williams%R in overbought zone.
by Swin

SIMSCI 24-May-2005 Daily - Force Index-2 Day EMA above 0, might not be a good idea to long position overnight. Note the bearish divergence.
by Swin

SIMSCI 24-May-2005 daily- Channels.
by Swin

How to use Williams %R indicator

How to use Williams %R indicator - Williams%R gives 3 type of trading signals. In order of importance, Bullish/Bearish divergence, failure swings, and overbought-oversold readings.
by Swin

Starhub 20-May-2005 Daily Force Index 2-Day EMA

Starhub 20-May-2005 Daily
Starhub hit a new high, however, it seems to construct a bearish divergence with 2-Day Force index.
by Swin

Starhub 20-May-2005 Daily Channels

Starhub 20-May-2005 Daily
Price still moving along upper channel band. Risk ratio is high to chase a runaway move.

by Swin

Starhub 20-May-2005 Daily Elder' Ray

Starhub 20-May-2005 Daily
Do not buy when Bear power is already positive. No point chasing a runaway move. Always balance between risk and return.

by Swin

SIMSCI 20-May-2005 Daily FiboAnalysis

SIMSCI 20-May-2005 Daily

SIMSCI 20-May-2005 Daily support/resistance

SIMSCI 20-May-2005 Daily

SIMSCI 20-May-2005 Daily Elder's Ray

SIMSCI 20-May-2005 Daily Bull power is not getting stronger than previous high. Bears are strong and hidden.

SIMSCI 20-May-2005 Daily MACD

SIMSCI 20-May-2005 Daily- MACD, EMA, MACD-H ticked up.

SIMSCI 20-May-2005 Daily Force Index-2-day EMA

SIMSCI 20-May-2005 Daily - Force Index seems getting weaker. Bulls are weak.

Nikkei225 19-May-2005 Daily

Nikkei225 19-May-2005 Daily
Retracement reached lower channel band, and technical rebound is expected. Odds are not with Short selling at the moment.

Nikkei225 19-May-2005 Weekly MACD

Nikkei225 19-May-2005 Weekly
MACD, MACD-H, EMA continued ticking down. Bear still in charged

Nikkei225 19-May-2005 Daily Elder's Ray

Nikkei225 19-May-2005 Daily
Avoid short Selling action when Bull power is already negative. Odds are not with us.

Starhub 19-May-2005 Daily Elder's Ray

Starhub 19-May-2005 Daily- Elder's Ray. Bull power is increasing and decreasing Bear power. However , Avoid any BUY when Bear power is already positive.

Starhub 19-May-2005 Daily channels

Starhub 19-May-2005 Daily - Price still stay at upper channel band. High risk of chasing.

SIMSCI 19-May-2005 Daily Elder's Ray

SIMSCI 19-May-2005 Daily - Elder's Ray is triggered to sell short. Bear power is greater than bull power.

SIMSCI 19-May-2005 Daily MACD

SIMSCI 19-May-2005 Daily- SIMSCI stayed at support level. MACD, MACD-H ticked down. Bears are getting stronger.

SIMSCI 19-May-2005 Daily Channels

SIMSCI 19-May-2005 Daily - SIMSCI reached EMA support line. Might expect a technical rebound. However , Bear power is strong, probably breaking it and go lower.

Starhub 18-May-2005 Daily Channels

Starhub Daily - Retreat back to upper channel band, still away from EMA. Higher risk of chasing the counter.

Starhub 18-May-2005 Daily Elder's Ray

Starhub Daily - Bull power is decreasing and Bear power is increasing but stay positive. DO NOT BUY when Bear power is positive.

Starhub 18-May-2005 Daily Force Index-2-Day EMA

Starhub Daily - Weekly uptrend still intact. Daily 2-day force index retreat to a shallow bottom. pull back/consolidation still on-going.

SIMSCI 18-May-2005 Weekly MACD

SIMSCI Weekly- MACD, MACD-H ticked down. EMA rising indicates volatility ahead.

SIMSCI 18-May-2005 Daily MACD

SIMSCI Daily - MACD, MACD-H, EMA ticked down.Intraday trade on short side.

SIMSCI 18-May-2005 Daily Elder's Ray

SIMSCI Daily - Bull power is decreasing and stay positive. Bear power increased and first turn negative. Bears start taking charge.

SIMSCI 18-May-2005 Daily Channels

SIMSCI Daily - Retreat to center EMA support line.

SIMSCI 18-May-2005 Daily Force Index-13-Day EMA

SIMSCI Daily - Force Index-13-Day EMA showing downtrend for longer term,ticked down Bearish mid term outlook.

SIMSCI 18-May-2005 Daily Force Index-2-Day EMA

SIMSCI Daily - Force Index-2-Day EMA making lower low.Bearish short term outlook.

Nikkei 225 18-May-2005 Weekly MACD

Nikkei 225 Daily - MACD , MACD-H ticked down with downward moving EMA, downtrend still in geared.

Nikkei 225 18-May-2005 Daily MACD

Nikkei 225 Daily - Fast MACD merging with signal line and pointing down. MACD-H ticked down. EMA ticked down. Short term downtrend still intact.

Nikkei 225 18-May-2005 Daily Force Index-2-Day EMA

Nikkei 225 Daily - Force Index-2-Day EMA making lower low. short term downtrend still intact

Nikkei 225 18-May-2005 Daily Elder's Ray

Nikkei 225 Daily - Bull power is still decreasing and it is negative. Bear power still holding strong. DO NOT sell short if Bull power is already negative.

Nikkei 225 18-May-2005 Daily Channels

Nikkei 225 Daily - retreats to lower channel band.

Starhub 17-May-2005 Weekly EMA

Starhub 17-May-2005 Weekly. EMA rising. Only trade from long side.

Starhub 17-May-2005 Daily Elder's Ray

Starhub 17-May-2005 - Daily Elder's Ray. Bull power is decreasing while Bear power is increasing. Avoid BUY action for the time being, Bear power is still positive.

Starhub 17-May-2005 Daily Force Index-13-Day EMA

Starhub 17-May-2005 - Daily. Force Index-13-Day EMA ticked down, stay positive.

Starhub 17-May-2005 Daily Force Index- 2-Day EMA

Starhub 17-May-2005- Daily. Force Index-2-Day EMA tick down but still positive. No Buy signal.

Starhub 17-May-2005 Daily Channels

Starhub 17-May-2005 - Daily. Pulling back and price still stay above upper channel band. Higher risk of BUY.

Nikkei 225 17-May-2005 Weekly MACD-H, EMA

Nikkei 225 Weekly - MACD, MACD-H and EMA ticked down. Downtrend still intact for coming week. Only trade from Short side.

Nikkei 225 17-May-2005 Daily Elder's Ray

Nikkei 225 Daily - Bull power is ticking down, and being negative, DO NOT sell short if Bull power is already negative. Bear power is increasing.

Nikkei 225 17-May-2005 Daily Force Index-2-Day EMA

Nikkei 225 Daily - Force Index-2-day EMA being negative and ticking down. Avoid Short selling at this moment.

Nikkei 225 17-May-2005 Daily Channels

Nikkei 225 Daily - Price has been dropping for days and reaching lower channel band. Avoid Short selling now.

SIMSCI 17-May-2005 Weekly MACD-H, EMA

SIMSCI Weekly - Rising EMA and MACD-H ticked up. Uptrend still intact. Only trade from Long side.

SIMSCI 17-May-2005 Daily Channels

SIMSCI Daily - Price swinging at the middle of upper channel and moving towards center line (EMA). No action is signaled.

SIMSCI 17-May-2005 Daily Force Index-2-Day EMA

SIMSCI Daily - Force Index-2-Day EMA is negative and start pointing up. No buy action due to positive Bear power in Elder's Ray

SIMSCI 17-May-2005 Daily Elder's Ray

SIMSCI Daily- Bull power is decreasing and Bear power is increasing. Note Bear power is still postive. Avoid any BUY action

Starhub 16-May-2005 Weekly A/D

Starhub Weekly - Weekly Accumulation/Distribution indicator confirms the uptrend by making new high

Starhub 16-May-2005 Daily A/D

Starhub Daily- Accumulation/Distribution indicator gives a bearish divergence. It signals that uptrend is ending. However, due to attractive dividend policy, fundamentally changed is seen. Observe the coming days movement and follow Hound of the Baskervilles rules.

Starhub 16-May-2005 Daily OBV

Starhub Daily - On Balance volume making new high, this sort of supporting the uptrend. Watch out for coming days OBV movement.

UOB 16-May-2005 Daily Force Index EMA-2

UOB Daily - 2-day force index is giving a bearish divergence.

UOB 16-May-2005 Weekly MACD-H

UOB Weekly - Though EMA rising, bearish divergence are found between MACD-H and weekly price.

Singtel 16-May-2005 Weekly MACD/MACD-H

Singtel Weekly - MACD-H has been ticking downwards for past weeks. Bearish divergence are seen between MACD/MACD-H and price. Uptrend might come to end soon.

OCBC 16-May-2005 Weekly MACD-H

OCBC weekly - MACD-H ticked up for past two weeks. With rising EMA, uptrend momentum still intact.

DBS 16-May-2005 Daily Force Index EMA-2

DBS Daily - 2-day Force index gives bullish divergence

DBS 16-May-2005 Daily Force Index EMA-13

DBS Daily - 13-Day Force index gives a bullish divergence, downtrend might be ending

DBS 16-May-2005 Weekly MACD-H

DBS weekly - Again, MACD- H gives a bullish divergence. Downtrend might be ending.

SIMSCI 16-May-2005 Weekly MACD-H

SIMSCI weekly - MACD-H ticked up for past 3 weeks and EMA rising. This might be a short term rally, or a bear trap.

SIMSCI 16-May-2005 Daily Elder's Ray

SIMSCI daily - Lower bull power and minor bearish divergence of bull power. DO NOT BUY when Bear power is positive. Wait for EMA or weekly trend indicator to pointing down, it pays to sell short at that point of time.

SIMSCI 16-May-2005 Daily Force Index EMA-13

SIMSCI Daily - 13-day Force index gives a bearish divergence.

SIMSCI 16-May-2005 Daily Force index

SIMSCI daily - Bearish divergence in EMA-2 Force index. Current level below 0.

SIMSCI 16-May-2005 Daily Stochastics

SIMSCI daily - stochastics in overbought zone. pointing downward. Avoid long position.

SIMSCI 16-May-2005 weekly volume analysis II

SIMSCI weekly volume analysis - Accumalation/Distritbution gives its strongest signals when it diverges from prices. SIMSCI price has bearish diverged from A/D indicator.

Daily action blog 13-May-2005

SIMSCI
With -110.77 dropped of DJ, SIMSCI poised to open low. However, there is no clear short term trading signal for SIMSCI.

Morning session: Another boring morning. SIMSCI open low at 2568 and hit a high of 2565. Morning trading range within 2567-2568. No clear direction.

Starhub
Price exceeded upper price channel. Expect profit taking, or a minimal upward running.

Morning session: As expected, profit taking kicked in . Starhub hit a low of 1.5 and trading at 1.51-.152 range. As a technical analyst, Gavin seldom refers to research report from institutions. Just browse through some reports, OCBC and CITIgroup gave a fair value to starhub at 1.45 to 1.49. Are ppl too excited over the dividend policy?
Research report can be found on Singapore remisiers society website
Report 1
Report 2

Afternoon session closed: Bulls failed to sustained the heavy gain yesterday. Starhub pulled back and hit a low of 1.49 and closed @1.50. Support level at previous high 1.47.

Starhub 13-May-2005 2-day Force index

Starhub daily- 2-day force index signals a strong movement. This is not a buy signal.

Starhub 13-May-2005 daily Price channel

Starhub - Daily price channel. Price has obviously gone above upper channel band. From past experience, profit taking and pull will come into picture.

Starhub 12-May-2005 Daily Price channel

Price retraces after hitting upper channel.

Starhub 12- May-2005 Daily - Force index, Fib-retracement

Starhub Daily - Price has retraced to 61.8% and closed well supported at 1.38 support level. If 1.37/1.38 is sustainable, uptrend might resume. Next level of support is at 1.34/.135.

Starhub 12-May-2005 Weekly Force Index

Starhub - Weekly chart with Bearish Force index divergence.Click on chart to enlarge

Daily action blog 11-May-2005

Pretty negative analysis. Both SIMSCI and starhub appear to be bearish. Bearish divergence of MACD and Force index are found in charts. Trading direction will only focus on Short selling. Avoid any BUY to reduce equity risk.

Morning seesion first 2 hours: DJ dropped more than 100 points, as expected SIMSCI open low -7 @ 2546 and hit a high of 2551 (still lower than yesterday's close). currently staying at range of 2546-2547. Sentiment still bearish in the morning. Scenario of open low moving high did not occurr.

15 minutes before lunch break: SIMSCI still within trading range of 2545 -2546. Bears are not strong enough to push the price deeper, sentiment still bearish. Shorted SIMSCI at opening 846am @2547. Position still open. What a boring morning session.

Close: Bear failed to break 2542-2540 support, instead Bulls charged up in the last 30 minutes trading. SIMSCI up +13 closed at 255.4

Summary: SIMSCI has been pulling back for 2 days and with overnite DJ drop over hundred points, today it opened low, went lower and closed high. Always watchout for support line for potential intraday reversal like today's.

Starhub 11-May-2005

Starhub - Daily chart with price channel. Price reaches upper channel. Pull back is due. possible pull back to EMA. Avoid any BUY. Consider taking profit for any long position. Click on chart to enlarge

Morning session: As expected, Starhub starts pulling back , hit a low of 1.37 during morning session. 1.37 marks a 61.8% retracement and support. In the case of breaking 1.37, next support level is at 1.34/1.35 EMA line. Let's see if it can hold it. Price stay well above 1.37 might have a chance of swinging up again in coming week.

Close: Well support at 1.38. It is time for this green horny big boy to consolidate and prepare for next run.

Starhub 11-May-2005

Starhub - Daily chart. bearish divergence of force index and kangaroo tail. Notice kangaroo on 01-Feb-2005 led to a serious pull back. Avoid any BUY, instead, consider profit taking for current long position.Click on chart to enlarge

Starhub 11-May-2005

Starhub - Weekly chart, MACD.Click on chart to enlarge

SIMSCI 11-May-2005

SIMSCI - Daily chart, bearish divergence found in force index. Bears are charging up

SIMSCI 11-May-2005

SIMSCI weekly-- Bearish divergence are found in MACD-H and MACD. Bulls seem to be losing ground

Daily action blog

DJ close at +38.94.
First 15 minutes :SIMSCI open slightly higher +2 @2563. Immediately go higher to 2569 and swinging around 2566/2567.
after 15 minutes before lunch break : SIMSCI moving in trading range. Bulls and bears are confusing where to go. No action is taken until direction is clear.
Lunch break : SIMSCI continues its pull back. Morning end with a negative note -4. Bulls appeared to be weaker.
Market closed: Pull back continues. Bulls failed to performed. SIMSCI down -7 for the day. Second day of pull back. Movement was tight. Price tends to move within tight range.

Futures trading 101

Do you know? – Limit Order, Stop Order - From Philips securities futures trading game.

What is Limit Order, and Stop Order?

Limit Order and Stop Order are very useful in futures trading. Please see below examples:

Limit Order: You wish to trade at a price better than the prevailing market price.

Example: If SGJ05 has Bid: 252.4 Ask: 252.8

• You wish to buy at a better price, you may put a buy limit order at 252.0
• You wish to sell at a better price, you may put a sell stop order at 253.2
• The order is not triggered until the market reaches the limit price.
• Order may not be filled.

Stop Order: Used mainly to limit losses/protect profits. Stop order once been triggered will become a market order (be done at the prevailing market price at that moment).

Example: If SGJ05 has Bid 252.4 Ask: 252.8, the market is going now. Assume you have already bought one lot SGJ05 at price 252.9.

• You would like to sell SGJ05 at a higher price than 252.9 but unlucky the market is going down. To avoid you have a bid loss, you may put a sell Stop Order at price 252.0.
• The order will be triggered when the market reaches 252.0
• Stop order once been triggered will become a market order (be done at the prevailing market price at that moment).

Do you know? – Key Futures Features

What is Leverage in Futures Trading?

Leverage is a financing facility which allows you to participate in the contract of your preference with a small initial capital outlay.

Example: MSCI Singapore Index (SiMSCI)

Contract Size:	S$200 x Index
Closing Price:	(Assume) 254.3
<1>SiMSCI values S$200x254.3=S$50860>
Initial Margin:	S$1250
Minimum Price fluctuation:	0.1 point
Approx daily fluctuation:	20 ticks
Approx weekly fluctuation:	50 ticks

From the above example, the full contract size of 1 lot of SiMSCI is S$ 50, 860. The initial margin is S$1250, which means you can participate in trading of 1 lot of SiMSCI with at least S$1250 in your account. However, we often encourage clients to fund their account with more margins to withstand the price fluctuation.

Leverage facility can be advantages, (eg. During one week, however, if the market moves in your disfavor, there is a possibility of topping up more than the initial margin.

Starhub

Starhub daily channel-- price in vicinity of upper channel. Higher risk ratio for buy, discipline trader to consider profit taking. Best entry is always at EMA (blue line)
Click on the chart to enlarge


summary of morning session
Starhub financial result is due tomorrow, buying force has been reducing. "Buy on rumours sell on news" effects in. From technical point, price still fails to passing through 1.45 upper channel. Pull back might be due.

Swing Futures trading

This blog is created to record futures trading tactics of swing traders. It is meant to be a place to share and learn trading techniques. No sales of trading system, software, newsletter etc is intended.