Tuesday, May 31, 2005

20050531 Daily downtrend continues, should be watching the downtrend line DTL carefully. Posted by Hello

Monday, May 30, 2005

20050530 Down TL is still intact, short signal still in play after hook from extreme signaed the esing of oversold conditions. Posted by Hello

Saturday, May 28, 2005

20050527 Hook from extremes shows oversod condition. Watch TLB to cover shorts and possibe long position for the bounce. Posted by Hello

Thursday, May 26, 2005

20050526 Daily shows cci at extreme, an oversod condition that may point to a technical rebound. Posted by Hello

Wednesday, May 25, 2005

20050525 A rare event, a trend day with no retrcement, following from the shamu of this morning's earlier post. Posted by Hello

20050525 CCI went below zero. Pattern is shamu short signal, momentum to downside to reverse the uptrend now. Posted by Hello

Saturday, May 21, 2005

20050520 34 tick chart on intraday basis is on downtrend though. Posted by Hello

20050520 CCI turned down, which is actually an exit signal for the buy signal High for the day was 887.5. Lacklustre volume means the it is worth holding to the long position and wait to see what happens on Monday. The hook in the CCI though provided an opportunity to put in a trendline, a hook up above this TL will be an add on signal to the existing long position Posted by Hello

Thursday, May 19, 2005

20050516 Similarly with daily chart, showing buy signal ZLR, follows on from the chart posted 2005056>uptrend>looking for long signal. Posted by Hello

20050519 Intraday trend shifts to uptrend, with cci above zero for 6 or more bars, actually showing buy signal with ZLR. Posted by Hello

Wednesday, May 18, 2005

20050518 Further downside today. Posted by Hello

20050517 Posted by Hello

Tuesday, May 17, 2005

20050516 34 tick chart Posted by Hello

Monday, May 16, 2005

20050516 FKLI is in consolidation mode of daily uptrend. Looking for long signals like ZLR to take us into the trend Posted by Hello

Saturday, May 14, 2005

2005053 34 tick chart-on intrday downtrend. Posted by Hello

20050513 Daily chart Posted by Hello

Thursday, May 12, 2005

20050512 Despite the gap down nd the lethargic trading today on low volume, the uptrend on an intrday basis is still intact unless the 885 level is taken out, so still looking for long signals, which the small upmove in the CCI suggest, could be a good buy signal right at close today 894. Posted by Hello

Wednesday, May 11, 2005

20050511 The intraday downtrend continued for most of the day until late in the day, where a news item on the Chinese Yuan FX regime change hit the market, resulting in the spike. Now the intraday trend turns to uptrends, looking for long signals now. Posted by Hello

Tuesday, May 10, 2005

20050510 With the CCI going beow zero, the intraday pattern looks like turning to downtrend, so we should look for short triggers. Posted by Hello

Monday, May 09, 2005

20050509 Ater the grind for the whole day tody, the shamu buy signal yielded some profit at the close today. Patience is one thing a trader has to learn. Posted by Hello

20050506 Shamu near end of day indicates buy signal Posted by Hello

Thursday, May 05, 2005

20050505 Intraday trend is now down, since lst swing low taken out at 892, so should be loking for shorts, which currently is on a ZLR short signal right at the close today 892. See how this plays out. Key level to negate downtrend is 895 breach. Posted by Hello

20050505 9:03am The shmu buy on the cash chart turned out to be a good one. Posted by Hello

Tuesday, May 03, 2005

20050503 FKLI still in strong trend that has risen from the low made 2 weeks ago of 849. The shamu buy signal on the Cash daily chart played out well in the FKLI today, with the May futures contract gapping up on the open 875.5 and closing near the highs at 886, a classic trend day where retracements were shallow. Looks good for further upside tests unless key levels of 876, which is R2 for today, is broken on downside. 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
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system