Friday, November 30, 2007

20071130 1715. On this big event day for Bursamalaysia stockmarket, being the debut of the new Sime Darby Berhad, FKLI futures setup turned out to be a non event.

20071130 1105. FKI nov levels were 1392.5 and 1399.5. Break came four bars ago.

Wednesday, November 28, 2007

20071128 1715. FKLI futures with the breakout levels today.

Tuesday, November 27, 2007

20071127 1715. A downside break off the setup late in the day. Levels were 1373.5 and 1378.

Monday, November 26, 2007

20071126 1715. FKLI futures continues to make new highs into the closing. No 4 bar setup today.

20071126 1610. Nearing the ned of the day without a setup. Maybe if FKLI futures can stay in the range of 1375-78 at the close of the 4:30 pm 15 min bar, we will have a setup.

Sunday, November 25, 2007

20071123 1715. FKLI futures, with breakout levels (drawn after the fact though).. These are possible levels for this day, but strictly not conforming to the setup, but looks nice though. There is some communication that Bursa will launch the DMA sometime in the next two weeks, however none of the clients (brokers) or ISV have a working product for implementation. But is good that the official launch is on.

Thursday, November 22, 2007

20071122 1620. Try as we might, the setup has yet to materialise for the FKLI futures. Discipline is very important in trading. Some may think it is hogwash and rubbish, but in the long run discipline will save the trader.

20071122 1518. No setup so far today, and doesn't seem to be one coming with the increased volatility.

Wednesday, November 21, 2007

20071121 1709. FKLI futures moves down to 1345.

20071121 1245. FKLI futures breaks the lower level of1382.5.

20071121 1115. FKI futures levels for the setup today are 1362.5 and 1366.5.

Tuesday, November 20, 2007

20071120 1715. FKLI futures trading did not resume today. Seems the exchange has problems with the order book in the trading system, or PAM/Bursa Trade. The long breakout turned out to be a good one though.(assuming one can get out of the position.)

20071120 1600. FKLI futures trading was suspended shortly after 14:50 today, last price traded 1376.

20071120 1245. FKLI futures on the long breakout, which was 1365.5. After the disaster of yesterday, hopefully some losses can be made up.

20071120 1229. FKLI futures levels set up at 1365.5 and 1360.5.

20071120 0920. FKLI futures gaps down. Having idea of price in relation to the levels can prevent being caught on the long side.

Monday, November 19, 2007

20071119 1715. With the FKLI trading in a range, the breakout strategy and setups had limited follow through. On the brighter side, a tightening of the 'spring', hopefully will lead to a valid breakout tomorrow.

20071119 1014. 1382 and 1386.5 sets up as the breakout levels for the FKLI futures at the end of this 10:15 bar.(Chart later)

Friday, November 16, 2007

20071116 1715. Longs would have been at 1379.

20071116 1232. FKLI sets up the breakout levels at 1379 and 1376 at this moment in time.

Thursday, November 15, 2007

20071115 1715. The market was slow and devoid of volume today, but the short setup still was a good one for the FKLI futures at 1398.

20071115 1025. If at the end of the 10:30 15 min bar, 1402 and 1398.5 holds the range for the FKLI futures, these levels will set up.

Wednesday, November 14, 2007

20071114 1715. A case of whipsaw for the breakout traders today. Seems to be a big buyer in the market bidding up the premium on FKLI futures to cash KLCI. Should be interesting to see how things pan out going into the Nov 30 lisitng of Synergy Drive.

20071114 1245. False break to the upside, now on the reverse move short. Will this signal on the FKLI futures be another false one?

20071114 1102. If at the end of this 11:15 candle, we are still within the range 1399.5 and 1404.5, then these breakout levels set up for the FKLI Futures.

Tuesday, November 13, 2007

20071113 1642. Afternoon session trade sees FKLI futures breaking up off the upper level 1385.5.

20071113 1220. FKLI futures drops after taking out the 1380.5 level.

20071113 1113. FKLI futures breakout levels setup at 1380.5 and 1385.5. (Chart to follow later)

Monday, November 12, 2007

20071112 1240. FKLI futures has a nice move down after breaking the 1383 level.

20071112 1045. Breakout levels set up on the FLI futures at 1382.5 and 138.(chart later)

Friday, November 09, 2007

20071109 1715. Outcome of the breakout, a loss. Basically a nothing day as the cash index moved counter to the futures contract.

20071109 1622. At the end of the 16:30 bar, if we are still within the 1402-1405.5 range, then we will be setting up the breakout levels. Let's see what happens.

Wednesday, November 07, 2007

20071107 1715. FKLI futures breakouts today at 1415.5 and 1408 had limited follow through. Not entirely unexpected that after a big trend day yesterday.

20071107 1045. FKLI futures breakout levels 1408 and 1415 on the setup.

Tuesday, November 06, 2007

20071106 1715. FKLI futures goes on to hit a high of 1415. But note the dip into 1384 after the upper breakout level was triggered at 1391.5.

20071106 1116. FKLI establishes breakout levels at 1383 and 1391.5. Let's see what happens.(chart to follow)

Monday, November 05, 2007

2071105 1715. Struggled whole day to find some valid breakout levels for the FKLI futures, in this subdued downtrending market. Best were the forced levels, which strictly did not meet the rules.

Friday, November 02, 2007

20071102 1715. FKLI futures broke the 1392 around the lunch session closing and moves to low of 83.5 in the afternoon.

20071102 1203. The levels set up at 1392 and 1398. (Chart posting later)

Thursday, November 01, 2007

20071101 1715. FKLI futures 15 min chart break down off the lower level, with a twist. Price comes back to 'kiss the breakout level goodbye', before crumbling again.

20071101 1637. After 5 bars of trading this morning, breakout levels set at 1426.5 and 1422. (chart posting later)

"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