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, January 27, 2006
Thursday, January 26, 2006
20050126 10:08 am. Geting Bhe, since the breakout in the beginning of the month, might finally continue upwards.
Wednesday, January 25, 2006
A compelling case for a good year for Bursa equities
Just stumble on yet another case for bullish tone of the Bursa. We already know that the daily chart is in uptrend currently. (higher highs and higher lows) The article in the edgedaily.com adds yet another piece of the jigsaw.
Tuesday, January 24, 2006
Monday, January 23, 2006
Friday, January 20, 2006
Thursday, January 19, 2006
20060119 3:30 pm. FKLI quiet despite the volatility in regional markets. Let's take the time to examine how the previous trade long, can be entered with more certainty and confidence. The 60 min chart of the FKLI shows the 200 ema was tested yesterday, held the support. So we know there is another factor that improves the probable outcome of the trade.
Wednesday, January 18, 2006
20060118 Nikkei 225 Stock Average, the last 2 day plunge. Is this smething new? Something disastrous? The end of the world? As it stands, we see this all the time in specific stock charts. For example on Bursamalaysia names that come to mind include Liqua, Tanamas, Gensoil, Ho Wah Genting, Abric, go way back the 2nd Board companies like Posim, Repco, Hwa Tai, etc etc the list goes on and on. Right now there is one such pattern on a stock starting with F, which has a very bullish broker call on it at the moment. The bottom line is when large funds (or syndicates) push up the stock, they create excitement and pandemonium and prey on human greed, and when they liquidate the positions, the unsuspecting small investor/trader often gets burnt. The Nikkei 225 plunge is no different, a chart is a chart, only this one is a much bigger scale.
20060118 Close. The FKLI and Bursa in general is afected by the turmoil in the Nikkei 225 drop of greater than 8% in 2 days. Overnight news of earnings misses also has a bearing on the market. The divergence gap closing trade did not materialise due to no close above the resistance levels.(trend lines) A trade idea is the 3 step trend line reversal, The chart shows 3 progressively steeper resistance trendlines. Tomorrow if can get a close above the last trendine, a long signal would trigger, with the target of the 2nd, then the 3rd trendline.
Tuesday, January 17, 2006
20060117 4:25 pm. Stopped out of thelong positin by the adverse movement due to the Nikkei 225 plunge, caused by the Livedoor issue. Two things are evident from the 45 min chart here, a divergence is possibly forming and there is an upside gap caused by the sudden selldown after lunch. Watching these for possible trade.
Monday, January 16, 2006
20060116 The 60 min chart pattern is the thing against the long position, showing a break of a triangle pattern. However, daily charts show support from 50,100 and 200 ema at aroun 905 level. We have 2 factors for the trade, underlying support on daily chart and 15 min, but a triangle pattern break. Odds favour the long side.
Sunday, January 15, 2006
Friday, January 13, 2006
"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