Friday, April 29, 2005

20050429 Cash chart on this expiration closing, shows a shamu pattern, indicating a buy signal, good momentum is indicated, so we could well see a nice move up in the next few days, continuing on the uptrend. Posted by Hello

20050429 Expiration day for April FKKLI futures. Settlement around 879.5. Looking back, the key level 869 held for the past few days augered well for the uptrend, leading to the higher settlement price. The close above the 34 ema 3 days ago saved us rom taking a short position, which would have been underwater and sunk at this high settlement level. Posted by Hello

Thursday, April 28, 2005

20050428 869 still remains in focus. FKLI as expected resumed the uptrend hitting high of 877.5. Until proven otherwise, maintain any long positions. Posted by Hello

Wednesday, April 27, 2005

20050427 Another rangebound day. Key level 869 was not violated, indicating the possibility FKLI may resume uptrend after this round of consolidation. Posted by Hello

Tuesday, April 26, 2005

20050426 FKLI closed above daily 34 ema, negating the possible short trade. From the looks of the 34 tick chart, uptrend seems intact on an intraday basis, unless the key level of 869 is violated. Posted by Hello

20050426 11:13 am Daily chart FKLI shows a two step retracement patern. If the downtrend is still intact, this level is an ideal opportunity for short. However, the short needs to be below the 34 ema. Posted by Hello

20050425 Posted by Hello

Sunday, April 24, 2005

20050422 Been away for past week, so will post last week's moves. Seems to have some big swings last week, will carry on from next Monday. Posted by Hello

Thursday, April 14, 2005

20050414 As expected, after the 860 held on the opening gap down, new highs tested, further confirming the uptrend. Now 863 is the key level to maintain the uptrend. However, the CCI is between the +/-100, indicating indecisiveness, have to wait for the break out either way to point the way. Posted by Hello

Wednesday, April 13, 2005

20050313 Continuation of uptrend with break above previous high 863. Now key level will be 860, break of which would negate the uptrend. Looks promising of test of higher levels tomorrow. Posted by Hello

20050412 Uptrend still intact, as 852.5 held firm. Posted by Hello

Monday, April 11, 2005

20050411 Uptrend still looks intact, unless today's low 852.5 is breached. Would be looking for long position on break of zero line the CC Posted by Hello

Saturday, April 09, 2005

20050408 FKLI hits high of 88. CCI closed below 14 implying an exit to the long position. Stand aside and wait for next trade. Posted by Hello

Friday, April 08, 2005

20050408 FKLI currently 857 +7.0. Nice move up, given the clue from the daily chart opening up this morning with inv ghost pattern, a counter trend buy signal. Posted by Hello

Thursday, April 07, 2005

20050407 The expected rebound did materialise. From the close today, it is unclear whether the rebound will continue or continuation of the downtrend as delineated by the daily chart will occur. Stay aside and look for signs on future direction. Posted by Hello

Wednesday, April 06, 2005

20050406 The uptrend was broken with a selloff the whole of today. Now the daily charts and the intraday charts show oversold conditions, and with the gap alluded to yesterday still unfilled, the next few days provide a buying opportunity for swing trading rebound. Posted by Hello

Tuesday, April 05, 2005

20050405 As expected, the intraday uptrend still continues, multiple bars of the cci above zero is the sign.  Posted by Hello

20050404 Inv ghost pattern signalled buy in the morning. Fkli looks to be on small uptrend on inraday charts. Posted by Hello

Sunday, April 03, 2005

20050401 Key level now is 862-863, fkli needs to get above this to bounce and retest 874. Otherwise, the market looks like making new lows coming into the first part of trading for next week. Posted by Hello

"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 Manchester City FCl Crude Palm Oil


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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system