Thursday, July 27, 2006

20060727 11:08 am. Uptrend continues.

20060727 10:53 am. This is a familiar situation. We see the FTSE ASEAN 40 index +0.5%, while the KLCI and FBM30 only +0.1%. The Hang Seng and Nikkei 225 futures meanwhile are up >1%. Why is this always the case, where Malaysian indices ALWAYS buck the trend of regionals? The answer lies in the fact the capital controls made the malaysian stock market stand still for 7 years, resulting now in lack of foreign participation, would be my guess.

Wednesday, July 26, 2006

20060726 4:23 pm. FKLI Aug 06 contract shows well defined uptrend. Posted by Picasa

20060726 12:30 pm. At the lunch session, we can see the KLCI cash has broken out of the triangle formation a few days ago. This looks to be a bullish sign, may look to long pullbacks. If you look closely, the formation is an inverted Head and Shoulders reversal, a pattern which is particularly powerful, notwithstanding that the neckline is sloping downPosted by Picasa

Monday, July 24, 2006

20060724 12:30 pm. FKLI breaks out of down channel. Posted by Picasa

20060724 11:12 am. 13 tick charts with the levels we are watching today. Posted by Picasa

Friday, July 21, 2006

20060721 12:15 pm. FKLI forms interesting channel on 13 tick chart. We may yet get the break down to the 900-901 level where longs are waiting. Posted by Picasa

Thursday, July 20, 2006

20060720 12:31 pm. Given the impenting expiration of the July contract 1 week, the plan would to buy a 50-61.8% fill of today's gap, from 902 down, to hold for settlement. Let's see how this pans out.(chart is 120 min timeframe) Posted by Picasa

20060720 8:59 am. Gaps up on Wall St relief rally, caused by Ben Bernanke comments about "getting off the interest rate elevator soon". News aside, the pattern identified yesterday worked well. Posted by Picasa

Wednesday, July 19, 2006

20060719 17:15. FKLI breaks out of bull flag pattern. Posted by Picasa

20060719 8:49 am. Wall St jump, provides impetus for the FKLI gap up, moving more ticks in favour of the buy signal.(elipse )

Tuesday, July 18, 2006

20060718 11:15 am. Holding onto to the long from the buy signal (10:10 am 17 July) garnered some ticks. Posted by Picasa

Monday, July 17, 2006

20060717 5:15 pm. FKLI daily chart, stochastics move into oversold with MACD momentum down, looks to be pretty bearish signs. Posted by Picasa

20060717 10:10 am. Buy signal on 13 tick chart FKLI on MACD divergence. Posted by Picasa

Friday, July 14, 2006

20060714 12:30 pm. FKLI stochastics cross down, giving 'heads up' on momentum shift. Posted by Picasa

Tuesday, July 11, 2006

20060711 10;37 am. FKLi bull flag breaks at 908 and reaches high of 912. Posted by Picasa

20060711 Daily FKLI stochastics hook back up. Posted by Picasa

20060711 9:24 am. A bull flag consolidation? We shall have to see what happens. Posted by Picasa

Monday, July 10, 2006

20060710 2:42 pm. FKLI July reaches high of 909. The snapshot of the key indices show how far behind a laggard the Malaysian stock indices are, with the KLCI and FBM30 indices not performing to the level of the FA40 index. This is a symptom of how the stockmarket in Malaysia has stood still during the time of the capital controls, while the other markets have bounded ahead to all move in tandem. Let's hope we get reforms that stimulate more activity and liquidity. Posted by Picasa

20060710 12:06 pm. A bit of patience in holding the long FKLI breakout position pays off. Posted by Picasa

20060710 Interesting to see how analysts view the 'mispricing' of FKLI futures. Posted by Picasa

20060710 9;55 am. FKLI moves against the long position. Posted by Picasa

Friday, July 07, 2006

20060707 3:29 pm. FKLI eyeing a break above the trendline for long position. Posted by Picasa

Thursday, July 06, 2006

20060706 10:44 am. Daily chart provides clues as to market momentum. Stochastics cross down provides heads up. Posted by Picasa

20060706 8:48 am. After the trendline break short, FKLI July touches 894 in premarket trade. Posted by Picasa

Wednesday, July 05, 2006

20060705 4:13 pm. FKLI July testing and trying to break a support trendline. 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