FKLI Malaysia Futures Trading 60 minute Chart By Tokan Corner : As  the chart and Andrew Pitchfork show. The FKLI has stopped at the mid line of Andrew support line. The SMA 20 and SMA 50 still not crossing yet but the Slow Stoch  showing a " U-Turn" attempt  might happen after stay above 70 and MACD are still riding its newborn (GC) Golden Cross . As on Andrew Pitchfork line, the market closed nearly on the 1st line of the resistance bar. Has it reach the top?? That what im thinking and has shorted at that area. Has been ordered Buy Stop at 69.5 point for my shortie.

Another example to..read it and chew it guys ^_^

OK LET SEE ON ANOTHER EXAMPLE BASED ON ELLIOT WAVE PATTERN. IF U HAD BEEN READING MY PREVIOUS POST IM SURE YOU WILL BE REMEMBER IT. HAS THE “C” PATTERN KISSED THE FLOOR?? WAS THERE WAS NEW  WAVE IS “1” PATTERN HAS BEEN BORN?? HOPE THIS CAN GIVE SOME TRADERS A NEW REFRESHMENT ON THEIR TRADING TARGET AND STRATEGY. GOOD LUCK GUYS ^_^

Bursa Malaysia Trading KLSE FBM KLCI 60 minute Chart By Tokan Corner : As a supplement let we see on Cash Market chart, as we can see the FBM KLCI also has reach out it upperline on Andrew Pitchfork on and being supported by Fibo  23.6% at 1562.59 point. MACD still having no selling indicator but Slow Stoch telling us it was near at the top. Will the uppperline resistance breakout or there will be a failure attempt for tomorrow trading. For tomorrow resistance for Bursa Malaysia KLSE ( FBM KLCI ) next resistance is at 1569 -1575 area.

FKLI MALAYSIA PIVOT FOR 21 JULAI 2011

Malaysia Futures ( FKLI ) Suggestion Spot : (+/-) 2 point will vary.

Short Term Target : 1574.5-1580 zone area but pls do check our “TS” in handy ^_^

Here is Tokan Pivot for tomorrow for a guide

For FKLI Buy/Long :

1st  = 1552.5

2nd = 1555.5

3rd = 1558

4th = 1561.5

For FKLI Sell/Short :

1st  = 1576.5

2nd = 1573.5

3rd = 1570.5

4^th = 1567.5

^{Note : Tokan Will CUTLOSS at 69.5 for my average short of 64.83 ( 2x64.5 and 65x4) if market breakout...if breakout failure my target zone is at 50-55 area.}