20080623 1519. Failed break to the downside, now on upside break. Will see if this FKLI futures trade is another whipsaw.
posted by emacro @ 3:52 PM
4 comments
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
Monday, June 23, 2008
20080623 1519. Failed break to the downside, now on upside break. Will see if this FKLI futures trade is another whipsaw.
"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
From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system
Previous Posts
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- 20080612 1507. Sorry meant ot be 15 min chart in t...
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- 20080610 1436. Continuation of the downward move o...
- 20080610 1050. A reasonable move down for the scal...
- 20080610 1017. Going to try a short here 1212.5-13...
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4 Comments:
Swim along the current. There is no way we can beat the trend.
Absolutely you are correct, in the time frame that you are trading in.
With the uncertainty in the political scenario, no way to play long term. Any bad news will send FKLI south...
With that view in mind, short into resistance...... If view turns out correct the money will roll in.... Good luck and remember to trade the timefrome one is comfortable with.
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