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
Wednesday, October 31, 2007
Tuesday, October 30, 2007
20071030 The Stock Exchange of Thailand now provide direct access trading to its clients , brokers into its fledgling futures and options markets. But on Bursa, the dma access is a promised entity \ at this point in time. The SETTRADE, all 15 brokers use the same platform to enable interested clients to do dma trading. Why not on Bursa? Bursa chose to use the 'maximise the profit' strategy, form selling hardware and servers rather than on potential exchange fees from the 'big bang' that will come from dma trading. Wake up bursa.... the pressure from regionals is increasing. The equities system is over 15 years old.
Monday, October 29, 2007
Friday, October 26, 2007
Thursday, October 25, 2007
Wednesday, October 24, 2007
20071024 1140. FKLI futures accelerates downward movement, as the 30 min FKLI RSI crosses below 70. It is helpful to be aware of such conditions.
Stock Tips? You don't need it to come from horse's mouth
Tuesday, October 23, 2007
20071023 Got to this website, promoting DMA trading (I guess it is) to participants outside Pakistan's Karachi Stock Exchange. Does Bursamalaysia yet have direct access trading for its markets? Let's hope the implementation of DMA is cost effective and utilises the internet's reach to reach out to the wider world trading community, and not the 'arm and leg' lease line type.
Monday, October 22, 2007
20071022 Thestar.com.my reports the Malaysian Astronaut, Dr Shukor returning safely to Earth, after a successful mission on board the International Space Station. A great step forward technologically for Malaysia. HOWEVER, our stock market is still using a 15 year old archaic trading system, and even though Bursatrade will be implemented, there is still no sign of DMA, direct market access where our capital markets will join the 'big bang' i the world of 'direct access straight through processing' routing of orders.(through the internet) Hope Angkasawan can inspire the technology leap in the archaic Malaysian capital market.
20071022 1215. FKLI futures forms the breakout levels at the close of the 12:15 pm 15 min candlestick. The Bloomberg reporter was saying, "Some fund managers say market participants are loath to short the Asian markets...." Well, if one shorted the HSI futures last Friday at the close, the gap down this morning was 1,000 points, or equivalent to Rm50,000 per dontract movement. Bottom line: only listen to and watch CNBC or Bloomberg TV for entertainment and fun, they ar the klaxons for the 'big manipulators', in my opinion.
Tuesday, October 16, 2007
Friday, October 12, 2007
Thursday, October 11, 2007
Contratulations Malaysian Astronaut
20071011 Last night our Malaysian astronaut, Dr Sheikh Muszaphar Shukor (pic from www.thestar.com.my) blasted off into a space mission on board Soyuz to rendezvous with the International Space station, as part of the Angkasawan Programme. Congratulations! Now for the Malaysian capital market to join the 21st century and embrace DMA (logo from www.bursamalaysia.com) in November 2007. Some traders have concerns on the FKLI futures state of affairs currently:"The FKLI is a goner...." The market has been thinning out with no definite trends. DMA will bring in more participants. But not just the DMA with lease line access that will cost an arm and a leg, but one that fully exploit the reach of the general internet.
Wednesday, October 10, 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