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
Friday, December 30, 2005
Thursday, December 29, 2005
Wednesday, December 28, 2005
Tuesday, December 27, 2005
Thursday, December 22, 2005
20051222 4:35 pm. FKLI sold off today now trading near lows. Technical indicators show stochastics overbought but MACD is still pointing up, this culd be a correction in the uptrend off oberbought conditions. Price actin though will determine entry back into long position, a break back above 893.50 today's high, would be a good price trigger. Otherwise, stay out and see what happens.
Tuesday, December 20, 2005
20051220 Lunch session break. What the lines in the chart signify is the possibility of an Andrew's pitchfork. If the trader believes this is a correction in the downtrend, a short would be in play on the break of the sky blue line, with a stop above the dark blue line. Targets would be the median line and the lower pitchfork line, with the stop trailed to the upper trendline. This is a technique called median line trading. Let's see how this pans out.
Wednesday, December 14, 2005
Tuesday, December 13, 2005
20051212 Closing. The breakout in the morning was a false one, turning into a fake out. FKLI did it's own thing disregarding the strong gains in regional bourses. This is a characteristic of a market shunned by foreigners, save those who 'speculate' n the value of the ringgit. Pattern is sideways, looking for breakouts would be the horizontal line levels.
Monday, December 12, 2005
Friday, December 09, 2005
Thursday, December 08, 2005
Wednesday, December 07, 2005
Tuesday, December 06, 2005
Monday, December 05, 2005
Thursday, December 01, 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