23/2/2012 ; 15 min chart ; 3475 . SIDEWAY TO LOWER

I was stopped out again this time at 3499 when 15 min chart gave a sell signal. FCPO went sideway to lower after opening higher but lost the upward momentum and closed near the lows of the day. I guess correction is not over yet until it closed above yesterday's closing.

21/4/2012 ; 15 min chart ; 3500 ; BULLISH

Correction over? Seems market correction is over due to 50 points push up during last 30 min before Friday's closing. Market is bullish after a week of pull-back. I even had the opportunity to add another long position when it broke-up from the wedge.

19/4/2012; 60 min chart ; 3477 - A typical whipsaw day for a trader.

A typical day of reversals as a result of trying to catch the bottom of a market! From a long, reversed to short, then reversed back to long. I guess this is what real trading feels like.

19/4/2012 ; 60 min chart ; 3479 ; Sideway to higher.

Consolidation phase ; market made some correction this week after surging quite strongly the week before. It has formed a ' bearish flag' which if the price is within the flag, it's bullish. If it breaks down, it's bearish. If it breaks up, it's strong.

16/4/2012 ; 3510 ; BEARISH.

I was stopped out last Friday when it broke down the major support line after quite some time in the market [ since 23/3/2012 ]. It also crossed over below all moving averages. For now it's not sure whether it's going to do a reversal or just a major correction. Maybe today it will confirm the next market direction.

13/4/2012 ; 15 min chart ;Stopped out - 3548

11/4/2012 ; 60 min chart ; 3621; Bullish - still holding longs.

FCPO made some correction the last 2 trading days but recovered all the losses and in-fact made a new high in the process. It 'broke down' the 'rising wedge' formation monday 2nd session but recovered and recorded a new higher high tuesday 2nd session. It now formed a 'bearish flag' which if the price is still within the flag, it's bullish. If it breaks down, it's bearish.