Friday, September 29, 2006

20060929 2:36 pm. Looking at the cash KLCI and the market volume, there is an alarming drop for past few weeks. reflects the lack of interest and participation from the participants. The malaise spilled over to the FKLI futures market, with lethargic trading. Experience has shown that the big moves usually arise from this 'consolidation' or lack of interest. Posted by Picasa

Thursday, September 28, 2006

20060928 5;15 pm. FKLI spot month contract. Posted by Picasa

20060928 9:11 am. FKLI reaches decisin point... Posted by Picasa

Wednesday, September 27, 2006

20060927 10:57 am. FKLI forms a triangle. Posted by Picasa

Tuesday, September 26, 2006

20060926 8:50 am. FKLI reaches high of 967.50. Posted by Picasa

Monday, September 25, 2006

20060925 5:15 pm. FKLi breaks out to the upside. Posted by Picasa

20060925 2:54 pm. FKLI is forming consolidation "coiling the spring" price action. Suspect it could be priming for breakout either side. Posted by Picasa

Friday, September 22, 2006

20060922 5:15 pm. FKLi touched the stop level, but we decide to hold the position over the weekend. Posted by Picasa

20060922 3:06 pm. Maybe can try another short on the FKLI, with a two bar trailing stop. Posted by Picasa

Thursday, September 21, 2006

20060921 5:15 pm. FKLI closes strongly. Posted by Picasa

20060921 2:48 pm. FKLI touches 965, so the decision was to initiate a stop loss, to buy. Take the medicine, move on to the next trade idea. Posted by Picasa

20060921 12:00 pm. FKLI shorts in play, with the stop and profit target set. See what happens. Posted by Picasa

20060921 9:38 am. RSI overbought/bearish reversal candle, precludes a short trade with defined stop loss at 965. We can now draw a slightly sloping pitchfork channel. Posted by Picasa

Wednesday, September 20, 2006

20060920 5:15 pm. FKLI rebounds into the close, but we have no piece of it. In trading the biggest mistake to make is to 'catch every single move' in the market. Posted by Picasa

20060920 3:22 pm. As FKLI closed above the upper fork, time to cover short positions. Posted by Picasa

20060920 12:45 pm. Reaction to the military coup in Thailand, makes this downtrend a good one. Posted by Picasa

Tuesday, September 19, 2006

20060919 5:15pm. FKLI. Posted by Picasa

20060919 4:11 pm. FKLI on intraday downtrend, unless the upper pitchfork line is violated. Posted by Picasa

20060919 3:14pm. FKLI moves down fast, could be stopps triggered. Now the dominant candle is in place, sellers in control. Posted by Picasa

20060919 2:32 pm. FKLI breaks the long established intraday trendline and closes below. With RSI momentum building on downside, could be a correction coming, looking for shorts. Posted by Picasa

Monday, September 18, 2006

20060918 5:15 pm. FKLI buy signal on pullback to the breakout level. (previous high) Posted by Picasa

20060918 11:26 am. Uptrend line is holding the trend well. Posted by Picasa

Friday, September 15, 2006

20060915 11:21 am. Assuming FKLI trend is up and the adage "the trend is your friend", might be prudent to consider taking long positions when there are oversold conditions. Posted by Picasa

Thursday, September 14, 2006

20060914 5:15 pm. FKLi rallies in a 'trend day' into the close. Posted by Picasa

20060914 3:40 pm. FKLI uptrend continues, following on from breakout of the channel. 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