Wednesday, May 28, 2008

Double top triggered



20080528 Could be the death knell for the KLCI, as the double top pattern triggers. The bull may need some serious resuscitation. Check out the Nuffnang Wild ‘Live’ Blogging

Monday, May 26, 2008


20080526 1240. To complete the picture.


20080526 1151. FKLI futures broke through the trendline we were watching since early morning.


20080526 0927. We are watching the trendline on the 5 min FKLI futures chart.

Thursday, May 15, 2008


20080515 Long breakout sees FKLI futures getting to 1300.5, but resistance is strong at this level.


20080515 0955. We are watching the trendline for possible breakout for the May 2008 FKLI futures ocntract.

Tuesday, May 13, 2008


20080512 1710. FKLI breaks down.


20080512 1503. H & S pattern? On the 21 tick FKLI chart, may indicate break to downside. We shall see.

Wednesday, May 07, 2008

20080507 1700. Triangle breakouts both sides failed. The market has gone back to the doldrums.


20080507 1655. We have a triangle forming on the 5 min FKLI futures chart.

Tuesday, May 06, 2008


20080506 1715. Just to ocmplete the picture of this nice trade. It is important in trading to 1. Have a plan 2. Stick to it and 3. Hopefully come out in front with profit while managing the risk.


20080506 1455. Well, an 'explosive breakout did result, which came very fast.


20080506 1245. With the slowing down of market activity, we can switch to a higher timeframe (60 min), and use the same principles of the 15 min breakout levels delineate possible areas of beakout.


"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

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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
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system