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, February 28, 2006
Monday, February 27, 2006
Friday, February 24, 2006
Thursday, February 23, 2006
Tuesday, February 21, 2006
20060221 9:20 am. Leong Hup Holdings (LHH) along with other recent high flyers are now tanking. We have seen all this before for example names like Repco, Hwatai, Gadang, Abric, Tanamas, Gensoil, LIPO, the list goes on and on. These are 'caveat emptor' or let the buyer beware stocks, the perfect setup of how the system sytematically takes money away from the unwary traders. And it doesn't just happen in Malaysia, look at TASR or GOOG as recent examples in the US stock markets. One clue on how to recognise that the end is nigh is to look for divergence.
Monday, February 20, 2006
20060220 9:20 am. The turtle soup reversal identified on 15 Feb, took a while to play out.
Thursday, February 16, 2006
Wednesday, February 15, 2006
Friday, February 10, 2006
Thursday, February 09, 2006
Wednesday, February 08, 2006
- 2060208 We took some long positions at 920, the 8 ema support. What were the factors that contribute to this decision?
Trend is up, Higher highs and lows.
Prices were above all moving averages: Trend up.
MACD is bullish.
In trading, the objective is to find the low risk high probability entry, with return commensurate with the risk.
Tuesday, February 07, 2006
3 Traps not t fall into trading futures
I attended a dinner where an experienced trader I talked to was alluding to 3 traps most new and inexperienced traders fall into when trading futures that invariably cause them to blow up and sustain losses that cut short their trading careers:
- Not believing the market price action
- Fighting the market (trend)
- Saying things like "The market is too high (low) . Its time to sell (buy). There is no reason for the market to go higher/lower.
Monday, February 06, 2006
20060206 Lunch session break. For those who may be bulish on the Bursa stocks, what would be a good low risk high probability area to enter long positions in the FKLI? On the daily chart the area would be the the rectangular area of support on the chart above. This would represent the area where the impulse traders, who are correct on market direction (UP) but entered at the wrong price, most nptably those who buy heavily on breakout of the FKLI, are likely to place their stop orders. In an uptrend, the best place to enter would be on retracement.
Friday, February 03, 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