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
Friday, September 28, 2007
20070928 1245. The movement in the spread between Oct and Sep FKLI futures, contributed to the creation of premium in Oct FKLI futures. What does this mean for the stock market going forward? Basically rollover are those in the right side (long) keeping long futures position and those wrong (short) postponing the losses. It is just switching months, and the supply and demand equation this month, at the very least indicates bullish tone for the stockmarket. However in trading, we need to assume the markets are a losing game, so any view cannot be stubbornly adhered to. When you assume it's a losing game from the outset, big losses can be prevented, minimising the damaging drawdowns.
Thursday, September 27, 2007
20070926 SGX is upgrading to the next generation trading system.(from Business Times website) Hopefully Bursatrade and the DMA will be matching this standard from its competitor. Actually the trading link up can be accomplished with the respective exchanges DMA hooking up. Since both will use the FIX protocol, which is standard protocol, this should be easy to accomplish. No need to spend extra money on the 'trade link up'.
Good stuff on trading
20070927 A friend referred this webpage, has some good stuff on this particular traders' thoughts about the markets and trading.
Wednesday, September 26, 2007
16:59 AFX Singapore Exchange says link up with Bursamlaysia faces further delays
20070926 An AFX news story on the proposed link up between SGX and Bursamalaysia facing further delay, due "not to technology problems, but other unspecified problems..." Direct market Access initiative by Bursamalaysia can accomplish this just as effectively on the technology. Let's hope there are no further 'delays' in DMA implementation for the derivatives and equities later, which would enable the 'big bang' surge in trading volumes in both cash/derivatives market in Bursamalaysia.
Tuesday, September 25, 2007
Monday, September 24, 2007
20070924 1209. At 10 am, the breakout levels were set at 1303.5 and 1300. Sideways meandering could have lulled one into thinking that "the setup may not work", but the breakout ended up to be a good one. HSI futures rally (2%) this morning lent weight to the uptrend.
Friday, September 21, 2007
Thursday, September 20, 2007
20070920 1630. 15 min FKLI futures chart. There are 2 breakout ranges today, with some possible trades, the first was a short at 1296 break. Second trade was a successful long on the breakout of the upper level at 1300.5. Now is on a short signal on the downside break, which as I post this entry in the blog FKI trades to 1296.
Wednesday, September 19, 2007
Tuesday, September 18, 2007
Monday, September 17, 2007
Friday, September 14, 2007
20070914 1715. A change of pace, switching to the 30 min chart setup, it is good to watch for the RSI 10 to first go into overbought territory (70 level) then cross down below 70 for the sell signal. There are many ways to trade, no right or wrong way, only what works and what doesn't, which will be proven over time.
Thursday, September 13, 2007
Wednesday, September 12, 2007
Tuesday, September 11, 2007
Saturday, September 08, 2007
Some interesting statistics regarding the growth of derivatives volume in this news report. I have put up a chart showing the 5 week moving average of the FKLI futures volume oging back to the week beginning 15 Sep 2005.(sport month contract only) The market is growing, next step DMA with internet trading will create the 'big bang' of volume.(hopefully 3 or 4 times the current numbers)
Friday, September 07, 2007
Reuters report: Malaysia unveils 2008 Budget, eyes election
Thursday, September 06, 2007
Wednesday, September 05, 2007
"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