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
Thursday, July 27, 2006
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 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 down
Monday, July 24, 2006
Friday, July 21, 2006
Thursday, July 20, 2006
Wednesday, July 19, 2006
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.
Monday, July 17, 2006
Friday, July 14, 2006
Tuesday, July 11, 2006
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.
20060710 Interesting to see how analysts view the 'mispricing' of FKLI futures.
Friday, July 07, 2006
Thursday, July 06, 2006
Wednesday, July 05, 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