Wednesday, January 18, 2006

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. Posted by Picasa

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"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

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From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system