FKLI Futures Trading - Bursamalaysia
This will chronicle trading in the FKLI & FCPO futures. If you don't like what you see/read in this blog, just surf away. These opinions are our personal opinions and just a record of our thoughts..."In evolution, it’s not the biggest, the fiercest nor the smartest that survive, it’s the one that changes the fastest.” I.e. the key word is to adapt the trading style to the markets, until it stops working
Monday, August 03, 2015
Special Branch raids deputy public prosecutor’s office at MACC for 1MDB documents - The Malaysian Insider
Friday, July 31, 2015
Directional Movement Index
- Trade only those markets withanADXR above 25/30.
- Trending market: ADXR > 25/30 or rising 3 points in 1 week.
- Non-trending: ADXR < 25/30 and momentum is negative.
- Buy = up index (+DI) crosses above the down index (-DI)
- Sell = down index (-DI) crosses above the up index (+DI)
- Stop out positions using the Extreme Point Rule
- On the day that +DI and -DI cross, use the extreme point made that day, as the Reversal Point.
- If you just went long, the reversal stop point is the low made on the day of the crossing.
- If you just went short, the reversal stop point is the high made on the day of the crossing.
- Continue to hold this position and the stop, until you are stopped out, even if the lines have crossed.
- Trend change
- In strong uptrending moves, the +DI and the ADXR turn up early and move higher, with the +DI generally holding above the ADXR.
- A high probability signal that the uptrend has stalled or ended is generated when the ADXR line crosses above the +DI, and then turns down. This signal commonly occurs on the day of the trend change or slightly before.
- It rarely takes more than a few days past a true trend shift to see the ADXR turn down. A warning that a top may be near is often signalled when the +DI stalls and turns down from a high level.
Thursday, July 30, 2015
Wednesday, July 29, 2015
Saturday, July 25, 2015
"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore
THE END OF AN ERA
From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system