Tuesday, August 30, 2005

20050830 Closing and final settlement day for FKLI August contract. Posted by Picasa

20050830 11:35 am 33 tick chart Aug FKLI. Posted by Picasa

Monday, August 29, 2005

20050829 Closing candlestick indicates some buying support. CCI still shows downward momentum is dominant. Might be a technical rebound coming though. Posted by Picasa

20050829 Lunch session break. FKLI gapped down this morning and sold off into lunch close. The crude oil price hit above US70 per barrel, sending shockwaves into stock indices across Asia, so there was not hte expected strength in FKLI. But the sell signal (red arrow) on last Thursday close is still in play, with CCI momentum still pointing down after a pause. One thing is clear, the spike up in the FKLI after the cash closed was a short squeeze and non sustainable, it is now clear.Posted by Picasa

Sunday, August 28, 2005

20050826 Last minute spike up in fkli, caused CCI to hook up, indicating a slowing of downside momentum. Been two Fridays now that the fkli ends with last minute buying spikes. We'll see wht the significance of this is, further down the road. The reversal candlestick point to possible higher tests, at least for the first part of the day's trade on Monday. Posted by Picasa

Thursday, August 25, 2005

20050825 Selling interest seen in this candlestick, though in narrow range. CCI however shows an additional ZLR sell signal, with price below the moving average. There is a good possibility the market could accelerate down from here. Some news that Indonesia rupiah faces a crises of confidence. Nymex Light Sweet Crude Oil futures hit US68 per barrel in after market electronic trade. Posted by Picasa

Tuesday, August 23, 2005

20050823 Closing. The strong buying into the lunch time close petered out. So most likely that was the technical rebound most had expected. Candlestick is bearish, shows that bulls were beaten back by the bears to close near lows. Expect more downside, at least for the morning session tomorrow. Posted by Picasa

20050823 Breakout of channel line continues, targeting 931. Posted by Picasa

Monday, August 22, 2005

20050821 10:04am Posted by Picasa

20050819 Posted by Picasa

Thursday, August 18, 2005

20050818 12:20 pm. This is an updated chart. Seems the previous post chart had been corrupted and was inaccurate. Posted by Picasa

20050818 9:03 am. The tradable bounce yielded a good move up. Now at the resistance upper channel line, moment of truth as to whether can go through. Posted by Picasa

20050817 Posted by Picasa

Tuesday, August 16, 2005

20050816 33 tick chart with supporting trendline. Posted by Picasa

20050816 Big candlestick indicates selling. CCI crossing below 3 days ago was a sign of breaking majo support at that time. Price now resting on the moving verage. I think there could be a tradable bounce for long trade tomorrow. Posted by Picasa

20050816 10:07 am. Intraday trend is down. Posted by Picasa

Saturday, August 13, 2005

20050812 Testing the channel line support. Candle today shows some buying support, with FKLI unable to hld the lows below 930. Be watching CCI for a hook up for the next possible trade after the ghost short.(arrow) Posted by Picasa

Friday, August 12, 2005

20050811 into the close Posted by Picasa

20050811 Two days after the ghost sell signal, continuing downside seen. CCI breaking zero indicates sigificant support could have been broken. Posted by Picasa

Thursday, August 11, 2005

Trading with the Trend. A lot can be said about trading the prevailing trend, but as they say, a picture is worth a thusand words. Posted by Picasa

20050811 8:53 am. Lower channel trendline support beckons. Posted by Picasa

Wednesday, August 10, 2005

20050810 Closing. Looking for shot was a good strategy, possible entry point is the arrow shown on the 14cci crossing below zero. Posted by Picasa

20050809 8:52 am. Looks like a 'ghost' pattern short on yesterday's close. Market opened up higher today 946. Could be opportunity to look for short trade. Posted by Picasa

Monday, August 08, 2005

20050808 Candlestick today looks like indicative of buying interest. Opens near the low and closes above the midpoint. CCI rejects +100 which is a buy signal (aggressive). The trend channels delineate the uptrend of the past few months. Posted by Picasa

20050808 11:58 am. The crossing of the 50cci above the zero line provided a good scalp trade long. Posted by Picasa

"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