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
Tuesday, August 30, 2005
Monday, August 29, 2005
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.
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.
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.
Tuesday, August 23, 2005
Monday, August 22, 2005
Thursday, August 18, 2005
Tuesday, August 16, 2005
Saturday, August 13, 2005
Friday, August 12, 2005
Thursday, August 11, 2005
Wednesday, August 10, 2005
Monday, August 08, 2005
"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