Tuesday, October 31, 2006

20061031 5:15 pm. FKLI Nov closes 985. If it opens here will create a gap down on the continuous chart tomorrow morning.

20061031 3:40 pm. With movement in favour of the long position, stop can be moved to 2.5 points from entry, 976.50.

20061031 11:09 am. FKLI Nov mov avg crossovers, so longs taken at 979, with stop initially at 5 points. Posted by Picasa

Monday, October 30, 2006

20061030 4:04 pm. FKLI Nov 06 contract on correction. Posted by Picasa

Friday, October 27, 2006

20061027 11:55 am. New highs for the FKLI. Let's look back at this trade and see what caused us to enter and manage it in the way we did. We identified the dominant candle, in which buyers were in control of the market, so the logic was to buy the retracement in the FKLI. The decision was made to buy retracement to the moving average channels (5 ema of the high and low). Fills for the longs were at 985, with the opportunity to average at the lower band.(but this was not done). From the outset, the stop loss was floating, using the 21 ema. If price of the FKLI closed below the 21 ema, the long trade would have been closed. Throughout the whole trade, the MACD momentum gave us a heads up on the 'path of least resistance', which was another reassuring factor to stay in the trade.

Thursday, October 26, 2006

20061026 12:30 pm. Patience in holding on to longs taken at the MA bands, pays off today. Posted by Picasa

Thursday, October 19, 2006

20061019 2:59pm. FKLI, MACD momentum still up. Posted by Picasa

Wednesday, October 18, 2006

20061018 5:15 pm. FKLI Oct ends up for the day, longs still in play. Posted by Picasa

20061018 8:56 am. FKLI gaps down to the lower band. Posted by Picasa

Tuesday, October 17, 2006

20061017 5:15 pm. FKLI closes weak. MACD momentum still positive, and as long as prices doesn't go below the big candle (dominant) of 4 days ago, should auger ok fo rthe uptrend. Posted by Picasa

20061017 12:45 pm. FKLI MACD on dailies show the way for momentum. Upper band channel seems to be holding, augering well for the longs taken yesterday. Posted by Picasa

Monday, October 16, 2006

20061016 5:15 pm. FKLI touches the band intraday, triggering longs. Posted by Picasa

20061016 10:55 am. Waiting for FKLI daily price to retrace to the upper band for the long trade. Posted by Picasa

Friday, October 13, 2006

20061013 5:15 pm. Looking at the bigger picture daily cash KLCI, we might expect some resistance to kick in around 990, after which 1,000 should test. Scoreboard is distinctly positive, with good volume, indicating price acceptance by market participants at higher price levels. Posted by Picasa

20061013 8:55 am. FKLI gaps up on Wall St rally. Watching the Fib cluster supports. Posted by Picasa

20061012 FLI broke out for the rally today. Alas, we were not watching the market, sometimes that is how the cookie crumbles. However watching for next setup. Posted by Picasa

Wednesday, October 11, 2006

20061011 9:00 am. FKLI closes above the money management line, invalidating the short trade. Posted by Picasa

Tuesday, October 10, 2006

20061010 5:15pm. FKLI closes, pattern still valid. One thing, the FKLI market seems to be drying up in volume and participation. Posted by Picasa

20061010 11:44 am. Might look to set up a short trade.

20061010 9:09 am. Bear flag failed. FKLI breaks out of triangle.

Monday, October 09, 2006

20061009 12:40 pm. Watching this possible 'bear flag' pattern for continuation. Posted by Picasa

Wednesday, October 04, 2006

20061004 5:15 pm. FKLI closes 958.0. Posted by Picasa

20061004 11:02 am. Staying the course with the short trade on FKLi turned out to be the right thing to do. Posted by Picasa

20061004 8:57 am. FKLI gaps up after the DJIA reaches record high overnight. Posted by Picasa

Tuesday, October 03, 2006

20061003 5:15 pm. FKLI into the close. Note the dominant candle that predicated the short bias. Posted by Picasa

20061003 4:38 pm. FKLI shorts taken on trendline break on the indicator, supported by indicator divergence. Posted by Picasa

20061003 12:26 pm. With the RSI hovering around the 50 region, consolidation is indicated, possibly pointing to the breakout. We'll consider going with the direction of the RSI break. Posted by Picasa

20061003 9:11 am. FKLi in the process of the gap fill.(due to change of month) 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