tag:blogger.com,1999:blog-357821012012-01-10T14:13:47.487+08:00Welcome to my Futures Trading Blog. I am sharing my personal journey as a Futures Trader. At the moment, I am only daytrading (for me, it is "night trading" here, in Singapore) the S&P e-mini futures (ES) on a part time basis. I am still working in my day job. IMPORTANT: Please read Disclaimer at the bottom of this page.gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.comBlogger6461100tag:blogger.com,1999:blog-35782101.post-56966009836835997062010-11-11T08:51:00.003+08:002010-11-11T09:03:11.961+08:00

Didn't trade last night as I brought my family up to Johor Bahru for a day trip. Caught the recently released cartoon movie, "Megamind". Was a decently fun movie and the whole family got a kick watching it. We also did quite a fair bit of grocery shopping, moving from point to point, and as well as between two hypermarts. By the time I dropped my mom & auntie off, I hit home with the wife & kids

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com5tag:blogger.com,1999:blog-35782101.post-45776941319384389542010-11-09T08:06:00.003+08:002010-11-09T08:17:56.516+08:00

Markets took a breather last night, with some downside bias. Initial SHORTs were the order during the early part of the trading session. Was able to garner +2.75pts from 2 trades & I called it a night, preferring to catch the episode of Fringe on the telly.I had lost -1.50pts last Fri but with yesterday's gain, I am back to +192.50, from my original starting trading balance. It's been a ding-dong

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-77881913362751597052010-11-05T15:47:00.002+08:002010-11-05T15:57:18.176+08:00

The divergence I mentioned in yesterday's post was clearly negated when both the YM & ES did a chart breakout last night. Although LONGs were the trade setup for the night, I missed going LONG by 0.25pt and I decided to wait for the next opportunity.However, when the next one came along, I was given a fright (though with STOPs in place) when right after getting in, they sold it down pretty

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-17518242008922044162010-11-04T08:54:00.003+08:002010-11-04T09:09:36.444+08:00

Was a so-so night for me as small pre-marlet losses took out some steam in my trades and at the start of the trading session, I was concentrating on re-couping them. I finally did, but not before getting frustrated with a couple of early trades that was postive by -1.50pts, only to turn negative and hitting my STOP by -0.25pts. Eventually, the night ended with just a +0.75pt gain. Rather decent

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-10278278118238194862010-11-03T07:59:00.007+08:002010-11-03T08:11:33.376+08:00

It's been a see-saw kind of week for me as I gave back what I had earned on Monday. Had a couple of Break Even trades but I also had two perfectly good trade setups that I took (with unrealised profit of at least 1.50pts) go against me as I moved my STOPs nearer to Break Even levels. They turned out even more profitable as PRICE went down after hitting me. Aaaargh!!I had mentioned yesterday that

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-92056258762801508432010-11-02T08:06:00.003+08:002010-11-02T08:43:53.504+08:00

It was a night of careful considerations as after last Friday's session, I was definitely in no mood to lose more ground (in terms of my account - which I am still up by +US167). Even trading the pre-market session was a no-no. However, just at the market open, a LONG trade set-up presented itself and I told myself to take it, knowing fully that important data would be released at 10pm (

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-28853462825748982212010-10-30T08:25:00.004+08:002010-10-30T08:32:59.581+08:00

Last night's trading was a nightmare as I ended the session totally frustrated! Losses were really kept at a minimum at either -0.50 or-0.75pts but it was the way PRICE whipsawed around that killed my trades.At times, I was in the clear by +1.50pts, only to see PRICE heading back towards my entry point, and then hitting my STOP. And at other moments, either when a clear LONG or SHORT trade was

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-35782101.post-32860801265316277652010-10-29T08:40:00.003+08:002010-10-29T08:44:46.735+08:00

Looking at my Intermediate Term Chart for the ES above, you can see that the Uptrend is still intact, albeit the daily gyrations(oscillations). A warning signal will start to appear, if PRICE takes out the 27th Oct low of 1167.75 in the coming trading sessions ahead.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-50530176911797173242010-10-29T07:54:00.004+08:002010-10-29T09:48:05.757+08:00

A quick +2pt gain just at the market open quickly turned southwards when I decided to get back in, to get "more" for the night. It turned out to be the wrong decision as I quickly lost the 2pts in two quick succession trades.Instead of my usual calm & collected self, I was agitated that I had gained, and lost the 2pts so quickly. And before I knew it, I was literally shooting off the hip, with my

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-81584949133350827092010-10-28T07:53:00.003+08:002010-10-28T08:10:04.878+08:00

Another great trading session last night as I slowly but surely clawed back what I had gave back to the market last Friday and this Monday. A total of seven trades were executed, of which three of them were +2.50pts, +2.25pts & +2.50pts. On the flipside, the other four trades were losers of -0.75pts (3) and -0.25pt(1). That equates to a net gain of +4.75pts for the night.I'm pretty happy with my

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-51509051077369868872010-10-27T08:02:00.002+08:002010-10-27T08:10:09.579+08:00

Was trading rather cautiously last night as I did not want to continue giving back to the market, what I had chalked up last Thurs night. As it is, I have already given back about 6pts (including commissions) since that awesome night and no way was I gonna give back more. That somehow set the tone for the evening as I watched & watched for "perfect" trade set ups. I did miss a few decent good

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-14382963173564616752010-10-26T08:05:00.003+08:002010-10-26T08:28:17.993+08:00

Last night's trading session proved to be a frustrating one. Just 20mins after the opening bell, I took a LONG (at 1189.75). Truth be done, I was rather hesitant in taking the LONG as it was just too closed to the news (housing sales) to be released at 10pm. But as the trade grew profitable by 1.75pts, I was quietly confident that the news, whether positive or negative, PRICE would just burst

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-62801743602936457572010-10-25T21:12:00.003+08:002010-10-25T21:16:39.378+08:00

Was brought down to earth on Friday (after Thurs night's outstanding session) when I lost 3pts on 4 trades executed. I guess it's good for me, as I don't want to get too carried away with the previous night's 11.5pts gain (from 2 trades), and then start giving it all back. Just have to make sure that it is 3 steps forward, and 1 step back from now on.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-21633149642323775072010-10-22T08:54:00.003+08:002010-10-22T09:00:16.806+08:00

Looking at last night's PRICE action, we established a Higher Low (HL) and it is clear that PRICE is still in an uptrend and now it has to challenge the last night's PRIME High of 1186.25. However, failure to do so would bring us back down to challenge last night's low of 1167.25 and if PRICE breaks this Support, it would then give us Leg 1 of Back Door Bull Break.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-35782101.post-54987368249142561602010-10-21T23:52:00.004+08:002010-10-22T00:07:43.713+08:00

I was ready to call it a night before the market actually started as I had gotten +4pts in the pre-market move. I thank God for the profit as I had actually left the house for a dinner appointment with an old friend and his wife. Even with my STOPs in place, I still felt that I had to ask my wife, who was at home, to keep a close watch of the trade.At about 7:30pm, I received a call from my wife

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-5979848708691797672010-10-21T08:08:00.003+08:002010-10-21T08:34:05.792+08:00

Last night's session looked identical to one of my trading sessions last week. Losing 2 pts in 2 trades in quick succession, I positioned myself to looked for the next trade to round off my night, and as well as to recoup the 2 pts lost. That next trade soon presented itself and again, I managed to lock in a net profit of 3.75pts.But before that happened, I was faced with a dilemma, where I

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-26767534606426715932010-10-20T14:39:00.002+08:002010-10-20T14:50:27.922+08:00

It has been slightly over a week, since I placed my very first ES trade, after a 1 1/2 year sabbatical. Results have rather been mixed but I take comfort in the fact that after such a long lay off, the results are quite encouraging.On a net net position, I have only lost US$7.50 on my trading account, since that very first trade, on the 7th of Oct 2010 till now. Yes, I have been "paying"

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-21151572357827786492010-10-19T08:44:00.004+08:002010-10-20T14:39:08.897+08:00

Due to the time difference, trading the US markets can be quite tiring. As such, after returning from a 1 1/2 year break to start trading the ES, I have made it a point to stop trading by 1am, Singapore time.Yesterday was no exception. I had chalked up a few trades, and by half past midnight, I was net down by -0.75pts. I decided to take a last trade, as it was getting late, and I was getting

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-35782101.post-91543670470265964272010-10-16T08:11:00.006+08:002010-10-16T08:38:37.074+08:00

The story was almost identical for last night, and the night before's trade summary.On Thursday night, I had taken small losses (with a -1.50pts during outside trading hours) throughout the trading session, amounting to about a total of -2.75pts. By then, I was pretty frustrated with what was going on, and decided to finish off the night with a good trade setup. The situation presented itself

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-35782101.post-53122437225172478662010-10-14T07:57:00.002+08:002010-10-14T08:19:22.322+08:00

I missed a perfectly good LONG trade in pre-market yesterday. The set-up was perfect but as in trades past, I was never comfortable in taking pre-market positions, due to the low volume, and the possibility of manipulation.Just before I left the house at 2:50pm to run some errands, I had spotted a possible LONG at 1166.00. PRICE was rejecting a new low by giving me a Minor PPF and the longer term

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-23508969281640950342010-10-13T08:10:00.004+08:002010-10-13T08:26:58.791+08:00

Discipline has always been a bugbear in my trading but I'm glad that with my recent return to the futures market, I have been able to keep a tight rein on it. Yesterday was no exception as I waited patiently for a trade to set-up.However, I chose to look for shorts, even when PRICE had clearly signalled a bottom when the ES hit a low of 1152.00, twenty minutes after the opening bell. I guess I

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-75746049458497409772010-10-12T10:32:00.002+08:002010-10-12T10:34:52.686+08:00

Though the markets were still open, the Columbus Day Holiday "mood" clearly had an impact on the market volume. Price was pretty directionless and I decided to call it a day (night), just at about midnight. Let's see what lies ahead tonight...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-36688714611773757792010-10-10T19:53:00.005+08:002010-10-10T20:10:55.881+08:00

After being away from the Futures Market for the past 1 1/2 years, I finally marked my return on Thurs, 7th Oct. It wasn't something that I dived into immediately, but have actually been setting up and looking at my charts, for the past 2 mths. It was kinda strange when I placed my first ES trade but after closing out 4 trades for the night, it just felt good to be back.Unfortunately, the 4

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-3138003219126164022010-07-12T08:39:00.010+08:002010-07-12T12:34:54.971+08:00

Last night, after dinner at Parkway Parade Shopping Mall, I decided to have some fun, by placing a small wager on the World Cup Finals match between Holland & Spain at the Singapore Pools outlet there. I told my wife that I expected both teams to be "equalised" by the end of normal time, and thus my reason for opting for a draw.I had planned to watch the match, but ended up "knocking out" on the

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-24744153721119999702010-05-02T20:42:00.003+08:002010-05-02T20:44:57.755+08:00

I have been away from trading for more than 1 1/2 years (due to my day job commitment) and I intend to make a serious comback in the 2nd half of 2010. Stay tuned...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com5tag:blogger.com,1999:blog-35782101.post-46165858082471144572008-11-15T09:39:00.004+08:002008-11-15T13:45:23.437+08:00

My ES TREND Chart above...Well, well, well...First, they had the Bears happily shorting the market at the get-go, then they got them covering their shorts, and the Bulls came charging, Then when the Bears were licking their wounds, and the Bulls fueling a Breakout, the Bulls were brought down to earth in a single thud. What a way to end this week's trading. Have a good weekend, everyone!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com11tag:blogger.com,1999:blog-35782101.post-48682753114458750362008-11-14T09:16:00.007+08:002008-11-14T09:42:23.068+08:00

My ES TREND Chart above...It was a trick Houdini himself would have been proud of but last night's "Kill 'em Bulls & Bears" session has really not changed the bigger picture...yet.The ES SWING Chart is still very much in a Bear TREND (See Charts below) and now PRICE, is merely heading back up to challenge last PRIME Resistance at 962.50. And unless PRICE is able to Breach this Resistance level,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-76902855415516859952008-11-13T09:27:00.007+08:002008-11-13T09:42:57.725+08:00

My ES POSITION Chart above...There's no stopping this Bear. At the rate the market is going, be prepared to see 825.00 on the ES, challenged any time soon."PRICE will continue to move in the direction it is going...until it fails"Words spoken by my Mentor, and which till today, continues to stick like glue, in my mind, whenever I trade.At the moment, "A Beary Christmas" seems more appropriate,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-68589016358897397792008-11-04T20:25:00.004+08:002008-11-04T20:31:27.814+08:00

My ES SWING Chart above...PRICE just cleared last PRIME Resistance (992.50) a couple of minutes ago, effectively giving us Leg 1 of Bear Break. Are we gonna see a change in the TREND, on the SWING Chart, due to the Presidential Elections?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-34735775192184349382008-10-31T09:10:00.002+08:002008-10-31T09:18:28.960+08:00

My ES TREND Chart above...With reference to my last post, PRICE has yet to break last PRIME Resistance of 992.50, on my SWING Chart. Last night's market action merely showed PRICE in consolidation mode, and gearing up for the next move. Expectation is still for PRICE to fail, in its challenge of 992.50. Stay tuned...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-86684559817124811492008-10-29T12:14:00.003+08:002008-10-29T12:18:11.840+08:00

My ES SWING Chart above...Nothing from the above chart suggests that the market is done going down. It just points to a temporary bottom, in which PRICE is now heading back up to challenge last PRIME Resistance at 992.50. Another PPF, or failure at Resistance would merely reinforce the Bear TREND, the SWING Chart is currently in.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-35782101.post-40062136979331140482008-10-23T09:37:00.004+08:002008-10-23T09:41:21.612+08:00

My E-Mini Crude (QM) SWING Chart...Notice the difference in this posting, against the earlier one, regarding the SIMSCI chart? Hehehe...This chart would bring much joy, to the many car owners around the world (but not OPEC).

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-29904847562031371072008-10-23T09:31:00.003+08:002008-10-23T09:34:46.952+08:00

My SIMSCI SWING Chart above...Having broken last PRIME Support as shown, I'm afraid there is some more downside to come, for the Singapore market. We are about closed to 50% off the highs in May 2008. Scary Bear!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-21543602440542258552008-10-15T16:42:00.003+08:002008-10-15T16:46:44.456+08:00

Current Globex PRICE movements look a tad weak. Breaching 974.50 would simply mean a delay in the upmove. But then again, anything is possible, when it comes to the market...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-89079985698854431722008-10-15T14:49:00.004+08:002008-10-15T14:58:57.341+08:00

Those of you interested in learning how to trade futures, register at this free Online Webinar to find out more about their trading methodology. Seats are limited.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-25361536993781244382008-10-15T13:48:00.004+08:002008-10-15T14:16:33.578+08:00

My ES SWING Chart above... My ES POSITION Chart above...With the ES POSITION Chart still heading back up to challenge last PRIME Resistance, the expection is then for the SWING Chart to head back up to challenge yesterday's session high of 1067.00. Breaching this Resistance, on the SWING Chart, would thus give us Leg 1 of Back Door Bear Break. Watch for PRICE Action on the TRADING & SWING Chart,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-74244271711851353832008-10-13T13:32:00.004+08:002008-10-13T14:15:31.518+08:00

My EURO Futures SWING Chart above... My EURO Futures POSITION Chart above...With PRICE currently in PRIME Support in both my SWING & POSITION Chart, the expectation would be a bounce before PRICE continues its Bear TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-35782101.post-32192300834457623292008-10-10T07:52:00.004+08:002008-10-10T08:31:15.481+08:00

My ES SWING Chart above...This week has been a terrible week on the whole, for global markets. The ES alone has dropped closed to 200pts!, in just a span of 4 days! The bad news is that looking at PRICE action, there could still be more downside to come, before support hits in.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com1tag:blogger.com,1999:blog-35782101.post-86216028433875090402008-10-08T08:28:00.003+08:002008-10-08T08:36:47.585+08:00

My ES SWING Chart above...Despite efforts by Lawmakers and the FED's action last night, the ES continued to tank. PRICE is challenging last know Supports and breaching them. Now, who says that the market cannot be in a constant state of being "oversold"...?

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-4080006937082956862008-10-02T19:18:00.002+08:002008-10-02T19:22:26.563+08:00

My EURO POSITION Chart...Well, what can I say? The chart speaks for itself.It sure looks like the US Dollar has turned a corner...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-85203849493176736012008-09-29T10:52:00.004+08:002008-09-29T10:59:21.415+08:00

My SIMSCI SWING Chart above... My SIMSCI POSITION Chart above...PRICE is still heading down, and unless we see a failure (PPF) of last PRIME Support (285.70) in this downmove soon, the Bear TREND will just continue...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-33562789850124040122008-09-28T22:31:00.009+08:002008-09-28T22:58:02.848+08:00

Fernando Alonso surprised himself, after winning Singapore's First F1 Night Race. Having to start at 15th Position, his race was practically over, but with a series of crashes and pit stop mishaps, the Spaniard zoomed to the finish line, followed by Rosberg, and Hamilton.All in all, the Inaugural Singapore GP proved to be a hit with everyone concerned. For more news and pictures, click here, for

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-58988485694422990452008-09-19T09:14:00.004+08:002008-09-19T09:40:59.476+08:00

My ES SWING Chart above...As per last post on Wednesday, I had expected PRICE to head back to PRIME Resistance but alas, it failed, and it went back down to create a Lower PRIME Support instead. Now, with PRICE already in PRIME Resistance, the expectation of course, is to see another failure (PPF) of last PRIME Resistance at 1282.00. And until that happens, we still have about 40 odd ES points,

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com6tag:blogger.com,1999:blog-35782101.post-90898958868905195202008-09-17T09:08:00.004+08:002008-09-17T09:13:16.142+08:00

Just out: FED bails out AIG with US$85B Loan. Click here for more details of the news, or to CNN Website.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-51551754117657848672008-09-17T09:03:00.004+08:002008-09-17T09:08:27.936+08:00

My ES SWING Chart above...Other than the ES POSITION Chart having created new PRIME Support, nothing has changed, even with last night's pullback in PRICE. The Bear TREND has been established and for now, PRICE is merely retracing its steps to challenge last PRIME Resistance. Expectation of course, is for PRICE to create a PRIME Lower High.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-15992121804662133642008-09-15T07:59:00.002+08:002008-09-15T08:14:46.403+08:00

My ES TREND Chart above...Price on the ES has taken a hit, after news of the failed talks between Lehman Brothers & Barclays had been made known over the weekend.Last Friday's market action pointed to some more upside(before turning down again) for the ES but with this downward spike, the risks to the down side has increased again, barring any positive news for Lehman's survival.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-78688963845541512832008-09-11T20:14:00.004+08:002008-09-11T20:18:39.318+08:00

My ES SWING Chart above...PRICE just made a PRIME Lower Low - Leg 3 of Bull Break. We are now in a Bear TREND. PRICE is heading down to challenge last PRIME Support of 1200.75, on the POSITION Chart. Look out below!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-16027084768434818192008-09-10T20:10:00.007+08:002008-09-10T20:17:17.770+08:00

My ES SWING Chart above...The above screen shot was taken just 3 minutes ago and you can see clearly that Monday's move was clearly to kill both Bulls & Bears. Making a New PRIME Low now, would complete all 3 Legs of the Bull Break, as mentioned in my last post on Monday.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-76212513729243399412008-09-08T09:16:00.005+08:002008-09-08T09:26:16.925+08:00

My ES SWING Chart above...Well, what do you think? Is it merely a pull back of sorts, or is it the real thing? Unfortunately, looking at the chart above, PRICE is merely telling me that it is retracing what it lost, in the past week. Nothing has seriously changed (from a "Price Action", standpoint). In fact, a failure (PPF) to clear previous PRIME Resistance High of 1303.50, would put this whole

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com6tag:blogger.com,1999:blog-35782101.post-29436758277498091202008-09-05T12:12:00.003+08:002008-09-05T12:20:41.954+08:00

My ES POSITION Chart above...Judging from the PRICE action since Tues, it sure looks inevitable that a New PRIME Support will be created pretty soon. That would simply be in line with the current Bear Market activity we have been witnessing for the last 2 months, after confirming the Bear TREND, on the POSITION Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-72440366497752821352008-09-02T09:53:00.003+08:002008-09-02T10:16:14.969+08:00

My EURO Futures SWING Chart above...It looks like another round of carnage for the EURO. The POSITION Chart is about to turn down again and if that happens, brace yourself for some more downside.Clearly, PRICE is still heading in the direction it is going, until it fails.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-62608784940663887572008-08-15T12:41:00.003+08:002008-08-15T12:46:23.361+08:00

My ES SWING Chart above... My ES POSITION Chart above...Looking at the SWING Chart above, PRICE is still heading up as the Higher Highs & Higher Lows dictate. However, with the POSITION Chart in Prime, and pointing down, do watch out for a possible failure, ie. PRIME PPF of Resistance on the SWING Chart, thus putting an end to the Bullish upmove so far.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-1293980465357739052008-08-12T14:08:00.004+08:002008-08-12T14:14:42.832+08:00

My EURO Futures POSITION Chart above...It's not pretty but charts don't lie. The huge drop in the EURO Futures in the past week or so, has created a big dent, on it's spectacular Bull Run which started slightly more than a year ago. This Leg 1 of Bull Break has definitely provided a much welcomed relief in the US Dollar's plight, for the longest of time.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-46591217535299451322008-08-07T16:23:00.003+08:002008-08-07T16:32:25.289+08:00

My YM POSITION Chart above... My ES POSITION Position Chart above...Hi Guys, sorry for being "away" for the past 3-4 weeks. My day job has really been taking a toll on me and it has been tough, just juggling between updating the blog, and whatever free time I have with the family, and for myself.Anyway, here's the latest update on the market action...For the past 3 weeks, PRICE has been inching

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-18759004301954052842008-07-30T00:16:00.005+08:002008-07-30T00:44:54.375+08:00

Hooray!! I made it to the Top 5, in my category (private investors) today (29th Jul), in terms of percentage gains !!!I came in 5th, for posting 28.56% gains for this week, since Monday.I still do not know how to put up the screen shot...been too busy with work, and thus the non-update of this blog. Will try to find some time tomorrow, to get the screen shot up on this blog.Now, I need to work at

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-76942389806909719902008-07-14T13:25:00.009+08:002008-07-14T13:51:11.265+08:00

Sorry for disappearing for more than a week...my dayjob has been keeping me pretty busy.In any case, just wanted you guys to know that I've signed up for the Macquarie Warrant Hotshot Competition here in Singapore, which incidently starts today. Being a Competition, Money Management gets thrown out of the window, literally.I've always wanted to see how effective it was, using Futures Charts to

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com4tag:blogger.com,1999:blog-35782101.post-75142969608520124452008-07-03T22:19:00.004+08:002008-12-12T09:52:00.950+08:00

My ES TREND Chart above...The Bulls were quickly brought back down to earth with last night's tradng session and today's pre-holiday trading session is clearly no different, judging from the continued Lower Lows and Lower Highs created. It sure looks like the Bears are simply in control...at the moment.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-35782101.post-60219824868981767332008-07-02T13:41:00.003+08:002008-12-12T09:52:01.498+08:00

My ES TREND Chart above...Last night's session ended with a Leg 1 of Bear Break towards the close. And with only 2 more trading sessions below the long weekend holiday, I suspected a possible bounce could well be on the cards. A PRIME PPF of Support above would be the best gift for this coming Independence Day weekend.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-12354569000203069692008-06-27T09:26:00.003+08:002008-12-12T09:52:01.618+08:00

My YM POSITION Chart above...Yes folks, it's official...the YM POSITION Chart is in a Bear TREND. PRICE made a PRIME Lower Low last night, forming Leg 3 of Bull Break, and completing the full 3 Legs, thus giving us a Bear TREND. The ES has yet to confirm the third leg but I guess it's just a matter of time.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-49015637867872665882008-06-21T09:30:00.005+08:002008-12-12T09:52:02.531+08:00

My ES POSITION Chart above... My ES SWING Chart above... My ES TREND Chart above...Thursday's PRIME HH proved to be just a blip as the Bear TREND asserted itself again last night, by invalidating the previous day's Leg 1 of Bull Break with a PRIME LL, followed by PRIME LH and PRIME LL again - Clearly, Bear TREND PRICE actions.Looking at the SWING chart shown above, PRICE still needs to create a

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-68236202746294639092008-06-20T22:15:00.003+08:002008-12-12T09:52:02.662+08:00

My ES TREND Chart above...10:17pm Clearly, "a picture tells a thousand words"...PRICE fell through PRIME Support, thus putting the ES back into a Bear TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-26535004995143876892008-06-20T14:53:00.002+08:002008-12-12T09:52:02.784+08:00

My ES TREND Chart above...With the PRIME HH (Leg 1) achieved last night and with the SWING Chart still pointing up, PRICE looks set to move higher, provided we get all 3 Legs of the Bear Break to revert the current Bear TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-90741070533733134972008-06-18T10:24:00.005+08:002008-12-12T09:52:02.972+08:00

My ES TREND Chart above...Last night's session low, and the after market low has breached last PRIME Support at 1351.50, thus creating Leg 1 of Bull Break. And with the SWING Chart pointing down, PRICE looks set for more down side in the coming sessions, albeit a pull back in the TREND Chart, to give us Leg 2 of Bull Break.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-11582692337104582432008-06-17T12:00:00.002+08:002008-12-12T09:52:03.240+08:00

My E-Mini Crude (QM) SWING Chart above...The failed breakout last night from a triangle chart pattern clearly killed both the Bulls, & the Bears. Protective Stops (long & short) would have been triggered by the breakout, and as well as the subsequent failure. Truly, it was the market's way of wiping out all parties in sight!

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-90646902434081520382008-06-17T00:53:00.005+08:002008-12-12T09:52:03.356+08:00

My ES TRADING Chart above...12:54am PRICE has just made a PRIME HH, ending the downmove prematurely - especially so when the TREND Chart has also started to turn up again. Expectation now is for PRICE to challenge 1364.25 and to breach it. But first, it must clear 1363.50 convincingly first.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-26629510477112380062008-06-17T00:07:00.002+08:002008-12-12T09:52:03.627+08:00

My ES TRADING Chart above...12:07am We have a PRIME PPF of Resistance on the TRADING Chart. And with the TREND Chart pointing down, PRICE is now heading back down to challenge PRIME Support of 1351.50, on the TREND Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-58312830046534323892008-06-16T22:42:00.004+08:002008-12-12T09:52:03.746+08:00

My ES TRADING Chart above...10:44pm With the above 2 factors occuring, expectation now is for PRICE to head lower...but as usual, do watch for the unexpected, to happen...10:51pm Well, well...looks like PRICE is still not done going up.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-82803756169681894312008-06-16T22:15:00.005+08:002008-12-12T09:52:03.934+08:00

My ES TRADING Chart above...10:16pm. PRICE just made a PRIME HL, at about 9:47pm (Singapore Time) on my TRADING Chart, and with the TREND Chart pointing up and in PRIME, the expectation is now for PRICE to head back up to challenge PRIME Resistance of 1464.25, on the TREND Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-3976778139615979522008-06-12T12:03:00.003+08:002008-12-12T09:52:03.981+08:00

My E-mini Crude(QM) SWING Chart above...Crude continues to defy gravity and with the POSITION Chart still pointing up and yet to reach PRIME Resistance, I guess it will be a self-fulfilling prophecy that Crude eventually tests US$150/-.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-60552060551729217072008-06-12T09:27:00.003+08:002008-12-12T09:52:04.100+08:00

My SIMSCI SWING Chart above...With this Leg 1 of Bull Break, it sure doesn't bode well for the Singapore market. Why? Well, the POSITION Chart is also pointing down and it means that PRICE is heading down, to challenge last PRIME Support and we'll just have to see if PRICE eventually Breaches, or fails to Breach, that Support level. Be prepared for more pain...for the Bulls, that is.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-70180360938475293042008-06-11T23:00:00.004+08:002008-12-12T09:52:04.446+08:00

My ES TREND Chart above...11:01pm. Today's trading session started off with a bang...to the downside, that is. Looks like last night's PRICE action was merely a blip, or what we call an "illogical oscillation". With the SWING & POSTION Chart still pointing down, expectation is for more downside to come...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-30998476130704032582008-06-07T08:47:00.005+08:002008-12-12T09:52:04.629+08:00

My ES SWING Chart above...What started off as a promising move the night before for the Bulls, quickly diminished as yesterday's trading session went on. Disappointing unemployment data, coupled with Crude making another new high, proved to be too potent, and resulted in a 50-point downside move, for the ES. That effectively killed off the Bulls' attempt of reversing the Bear TREND.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-82415511428312858862008-06-07T02:50:00.004+08:002008-12-12T09:52:04.728+08:00

My ES SWING Chart above...2:52am. The Bears have swung things over in their favour...PRICE has just breached last PRIME Support, thus effectively negating yesterday's stellar session of Leg 1 of Bear Break. We are back in a Bear TREND, on the SWING Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-28496038199883015202008-06-07T00:16:00.006+08:002008-12-12T09:52:04.900+08:00

My ES TRADING Chart above...12:17am. PRICE has to take out 1381.75, in order to reverse the Bear TREND since the start of the trading session.01:08am. PRICE only managed to match 1381.75 and worst still, it has gone on to make a Lower Low. It looks like more downside...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-39273468056246203472008-06-06T22:03:00.004+08:002008-12-12T09:52:05.136+08:00

My ES TREND Chart above...10:03pm. This snapshot taken about 2 minutes ago shows the Bulls being fried!! So much for the Leg 1 of Bear Break, on the SWING Chart. Will have to wait & see if PRICE reverses altogether.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-56672563467955039222008-06-06T10:59:00.005+08:002008-12-12T09:52:06.463+08:00

My ES TREND Chart above... My ES SWING Chart above..." Expect the Unexpected "...well, this statement holds true for last night's trading session. Expectation was for PRICE to continue lower on Wednesday's trading session but at the start of the session, PRICE made an unprecedented Higher Low, on the TREND Chart, giving the first glimpse of a possible change in TREND. The 2 Legs of Bear Break

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-20453285863496018442008-06-04T17:36:00.002+08:002008-12-12T09:52:06.643+08:00

My ES SWING Chart above...With Leg 3 of Bull Break established last night, PRICE has effectively given us a top at 1440.75. And with the POSITION Chart turning down at the same time, do expect more downside to come, as PRICE heads down to challenge last PRIME Support, on the POSITION Chart.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-31918486063992740582008-06-02T14:44:00.002+08:002008-12-12T09:52:06.750+08:00

My Nikkei 225 Futures SWING Chart above...PRICE made a PRIME Higher High earlier before the lunch break today. This effectively continues the Bull TREND that was formed in Mid May, by the 3 Leg Bear Break.And with the POSITION Chart turning up, we should see this Bullish TREND continuing for a while.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-29572604548408182802008-05-31T22:02:00.006+08:002008-12-12T09:52:06.951+08:00

My EURO Futures POSITION Chart above...Is the EURO Futures finally setting itself up for a Top? With the PRIME PPF (Lower High), the expectation now is for PRICE to take out last PRIME Support at $1.5255, thus creating Leg 1 of Back Door Bull Break. Who knows, perhaps the "Demise of the Dollar" should be renamed, the "Rise of the Dollar" instead?Stay tuned, folks....

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-64404913852531999872008-05-29T12:28:00.006+08:002008-12-12T09:52:07.388+08:00

My YM POSITION Chart above... My ES POSITION Chart above...It is interesting to note that PRICE is already in PRIME, for both the YM & ES POSITION Charts. Though not an indication that PRICE is ready to rally back up, it does however, give one the "perception" that we may not get the Full 3 Legged Bull Break afterall. A challenge & breach of last PRIME Resistance would throw a spanner in the

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-44784323980182416442008-05-28T12:55:00.006+08:002008-12-12T09:52:08.020+08:00

My ES TREND Chart above... My ES SWING Chart above...PRICE gave us a confirmed bottom last night with a PRIME HL on the TREND Chart, thus ending Leg 1 of Bull Break, on the SWING Chart. And with the SWING Chart still pointing up, we shall now see how far Leg 2 of Bull Break will bring PRICE to, before coming to an end.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-64789807951958691252008-05-23T22:34:00.003+08:002008-12-12T09:52:08.214+08:00

My ES SWING Chart above...Leg 1 of Bull Break has just occurred, ie. a PRIME Lower Low. PRICE is still heading down, until it fails, and that is where the new PRIME Support will be established.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-10722665802941748342008-05-21T23:50:00.003+08:002008-12-12T09:52:08.365+08:00

My QM SWING Chart above...As of 11:53pm, Singapore Time, PRICE keeps heading higher and higher...and with no failure in sight, as yet.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-78528387670512909542008-05-21T23:39:00.005+08:002008-12-12T09:52:08.992+08:00

My ES TREND Chart above... My ES SWING Chart above...Looking at my TREND Chart above, PRICE has completed a 3 Leg Bull Break. But looking at the SWING Chart, PRICE is merely heading down to challenge last PRIME Support, to establish a possible PRIME Higher Low, for the Bull TREND to continue...Will be looking for signs of that base to be established, on the TREND Chart. Watch for it...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-56355668645960923802008-05-18T16:37:00.006+08:002008-12-12T09:52:09.187+08:00

My EURO Futures SWING Chart above...I do apologise for "missing in action" for the last 10 days or so...have been really caught up with my day job.In any case, with reference to my last post, I had stated specifically to look out for a possible reversal in the Bear Break shown on the EURO Futures, as clearly on the POSITION Chart, PRICE was still very much on a Bull TREND, and it was just

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-9707794932529896202008-05-08T07:44:00.009+08:002008-12-12T09:52:09.649+08:00

My EURO Futures SWING Chart above...PRICE just made a PRIME Lower Low (last Fri's Low was $1.5329 and PRICE is currently at $1.5311), effectively creating 3 Legs of the Bull Break, changing it into a BEAR TREND.However, on a POSITION Chart basis, the EURO is still on an uptrend and the current down move is merely for PRICE to head back down to challenge last PRIME Support, created in Dec 2008.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com2tag:blogger.com,1999:blog-35782101.post-53032139313613365172008-05-06T07:46:00.003+08:002008-12-12T09:52:09.852+08:00

My QM SWING Chart above...I was wrong last week, when I mentioned that a possible interim top could be in place for the QM. The challenge of Support was swift and PRICE quickly went back up to challenge Resistance, and created a PRIME New High at $120.325 in last night's trading.Truth be told, this Bull looks set to test new boundaries, now that the POSITION Chart is beginning to turn up as well.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-39601936662461820822008-05-01T12:23:00.003+08:002008-12-12T09:52:09.982+08:00

My E-mini Crude (QM) SWING Chart above...With PRICE in PRIME Support, and the POSITION Chart pointing down, the expectation would be for PRICE to do a Minor PPF (Failure of Resistance) and for lower PRICEs next week.Having said that, PRICE is still on a Bull TREND, and PRICE is now merely heading down to form PRIME Support, on the SWING Chart above.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-18653456418704066692008-04-29T13:30:00.003+08:002008-12-12T09:52:10.175+08:00

My ES SWING Chart above...As the distance (in terms of points) between PRIME Support & PRIME Resistance lessens, one can't help but prepare for a possible change in TREND. This is because any lousy data released can easily trigger a down move that can take out last PRIME Support, which currently stands at 1368.00. It really doesn't hurt to bear this in mind...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-19363854468627064782008-04-25T23:02:00.003+08:002008-12-12T09:52:10.296+08:00

My EURO Futures SWING Chart above...PRICE has violated last PRIME Higher Low (HL - or PRIME Support), resulting in Leg 1 of Bull Break. If the resulting challenge of of PRIME Resistance (HH) results in a failure ie. a PRIME Lower High, then a top in the EURO, on my SWING Chart would be in place - It is clearly in line as PRICE on my EURO Futures Position Chart is already pointing down, to

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-51016931709013762482008-04-24T20:38:00.003+08:002008-12-12T09:52:10.507+08:00

My ES TREND Chart above...PRICE is clearly trying to find a bottom because on the SWING Chart, PRICE is already in PRIME Support. PRIME Resistance on the SWING Chart was already confirmed by the Leg 2 of Bull Break (PRIME PPF of Resistance) on the TREND Chart above.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-85273642425930822952008-04-21T15:58:00.002+08:002008-12-12T09:52:10.597+08:00

My HSI Futures SWING Chart...HSI Futures is the last one to achieve Leg 1 of Bear Break...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com4tag:blogger.com,1999:blog-35782101.post-19905087603669122782008-04-21T09:54:00.003+08:002008-12-12T09:52:10.770+08:00

My SIMSCI SWING Chart above...PRICE has just made a PRIME Higher High - Leg 3 of Bear Break and this means a BULL TREND is in place. Singapore is leading the charge - amongst the 3 Asian Futures Indexes I track (Nikkei, HSI & Singapore)

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-15318111127098637712008-04-21T08:35:00.005+08:002008-12-12T09:52:10.936+08:00

My Nikkei 225 Futures SWING Chart above...As you can see from the above chart, there was an attempt to reverse the Bear TREND in February. However, that failed miserably. We still can't tell, at this juncture, if this attempt will be any different. But with the ES and YM continuing their Bull TREND on their SWING Charts respectively, we might just see the Nikkei succeeding, this time round.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-47862808901010113402008-04-18T22:41:00.001+08:002008-12-12T09:52:11.171+08:00

Screen Shot of my ES SWING Chart as of 10:42pm, Singapore Time.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-50110834560459847462008-04-17T13:48:00.002+08:002008-12-12T09:52:11.312+08:00

My ES SWING Chart above...With the PRIME Higher Low established, PRICE is now heading back up to challenge last PRIME Resistance at 1389.00. With the Bull TREND still intact on the SWING Chart, the expectation is that PRICE will make a new PRIME High, thus creating a new PRIME Resistance (With some caution in mind though...POSITION Chart is still pointing down but if a new PRIME High is created

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-13339690964681900652008-04-12T10:22:00.009+08:002008-12-12T09:52:11.470+08:00

My ES SWING Chart above...Well, the GE news killed whatever fight the Bulls were putting up...So instead of a possible change in TREND, in the TREND Chart, PRICE instead has reverted to a Bear TREND. But looking at the above SWING Chart, PRICE is still in a Bull TREND...that is, as long as 1309.50 stays intact.

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-64383031477573908112008-04-11T09:27:00.004+08:002008-12-12T09:52:11.657+08:00

My EURO Futures Position Chart above...The chart speaks for itself. However, no matter how Bullish, PRICE still needs to head back down to challenge last PRIME Support, to give us a Higher PRIME Low.Sure looks like the EURO will be the favoured currency going forward, in view of the US Dollar's current sad state of affairs...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-21120933366740142632008-04-10T08:16:00.004+08:002008-12-12T09:52:11.971+08:00

My ES SWING Chart above... My ES TREND Chart above...As you can see, PRICE is still trying to establish Leg 1 of Bull Break, on the TREND Chart. With PRIME Resistance fast approaching, we could possibly invalidate Leg 1 altogether, if PRICE on the SWING Chart is anything to go by. PRICE is already in PRICE, on the SWING Chart, and has technically created a PRIME Higher Low. Thus from here, the

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0tag:blogger.com,1999:blog-35782101.post-74734119798733219072008-04-09T10:01:00.002+08:002008-04-09T10:05:04.853+08:00

Came across this interview online at the Money Morning website...and it was done right here in Singapore. Click here to read more of Mr Roger's current views...

gerimegalyhttp://www.blogger.com/profile/18297107463945927585noreply@blogger.com0