Monday, October 31, 2005

20051031 With the rebound today, the CCI shows a buy signal n a 'ghost' pattern (an inverted head and shoulders pattern) Target would be 915, the moving average resistance. Posted by Picasa

20051031 3:10 pm. 15 minute chart shows extent of the move up, with the symmetrical triangle breakout being a relible pattern. Posted by Picasa

20051031 10:15 am Indicators point up in unison for bullish position. Posted by Picasa

Wednesday, October 26, 2005

20051026 Continuing to retrace up, setting up potential ZLR short when the CCI rejects the zero line. Posted by Picasa

Tuesday, October 25, 2005

20051025 11:05 am Composite Index cash chart. Posted by Picasa

20051025 Another day in the retracement up, possibly before the next leg down, however, as the next chart taken at 11:05am this morning, the cash CI chart is showing oversold conditions, so the chances of the afternon rebound continuing for next 2 days is there. Posted by Picasa

20051024 Ater the sell signal, the market is now in sideways mode again. Overnight Wall Street went up, after nomination of the new Fed Chairman. See if FKLI can make a meaningful rally. Posted by Picasa

Friday, October 21, 2005

20051021 12:15 pm. FKLI is retrcing from the heavy selloff setting up a short signal at 908-910 level, for the retest of the low and continuation of the downside breakout with good CCI momentum. Posted by Picasa

Tuesday, October 18, 2005

20051018 Continuation of downside move, with CCI accelerating beyond -100. Short signal for the adventurous who want to short at discount. Buying at projected support levels for bounces could be a good trade idea too, especially if the discount widens to unsustainable levels. Posted by Picasa

20051017 CCI breaks below zero, stopped again. Been very choppy sideways action, making for difficult directionless trading. Posted by Picasa

Sunday, October 16, 2005

20051014 A second buy arrow comes up on the Simple System. Position traders shuld be long the fkli from here. Posted by Picasa

Saturday, October 15, 2005

20051014 CCI hooks up, but not sufficiently to take it beyond the previous peak. But is another signal to add to the long position, seeing that momentum is building, hopefully to push CCI to beyond the previous peak. Posted by Picasa

Thursday, October 13, 2005

2005103 CCI still above zero, so the buy signal is still in effect. If we can get a hook up to break aboe the trend line, willl show an inverted ghost pattern for another buy signal. Posted by Picasa

Wednesday, October 12, 2005

20051012 Lunch session. Buy signal was generated 2 days ago, let's see how this pans out. Posted by Picasa

Friday, October 07, 2005

20051007 A rebound day, probably caused by some short covering from the overxuberant selling of fkli (in a sideways cash market) Posted by Picasa

20051007 I rustled up a trading system, with simple rules, that can consistently show good result over the last 3 years. Bear in mind that this system has a long bias, so with the general uptrend in the fkli, resulted in good system results. Posted by Picasa

Thursday, October 06, 2005

20051006 Further downside after a gap today. Turned ut t be a good move to exit the long position. Posted by Picasa

Wednesday, October 05, 2005

20051005 With the CCI hooking down, the long is invalidated. Posted by Picasa

20051004 From today's action, CCI shows a buy signal as there is a rejection of the zero line. The 34 ema provides a stop point. Posted by Picasa

Saturday, October 01, 2005

20050930 FKLI found support at the moving average and bounced off to close near highs, a good sign. CCI momentum however is still not showing strength, however, a hook up will signal a buy for the next leg up. 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