Tuesday, March 31, 2009


0959. Higher timefrome seems to be dominant...

20090331 0922. I am looking at the 2 min April FKLI, is this a bull flag? The only problem is the higher 15 min trend is down...

Monday, March 30, 2009


20090330 1507. 60 min FKLI futures chart... When the momentum indicators turn down, at least don't stand in front of it.

Sunday, March 29, 2009


20090329 Malayan Banking Bhd, daily chart shows it has been sold down heavily due to the rights issue..... Whoever is selling is 'forced to sell', maybe Goldman Sachs, Citigroup, UBS, those giants who are now 'run out of capital' and have to put out their hands for 'bailout' form their governments. Anyway whoever is selling created a nice call option on Maybank. I would buy 100 shares in Maybank, then subscribe for the entitlement of rights AND apply for excess shares say 10000, 20000 etc in excess shares... If maybenk is around in 3 to 5 years, hopefully will provide a nice return.\, at least better than the crappy FD rates now.

Friday, March 27, 2009


20090327 1617. Continuation buy signal 2 min chart. Wonder if it will work out...


20090327 1115. SIMSCI futures 2 min...


20090327 1101. 2 points is better than none i guess.


20090327 1002. Sell on 2 min FKLI futures chart @ 891, correction underway?

Thursday, March 26, 2009


20090326 1151. FKLI futures 60 min chart update...


20090326 0925. SIMSCI futures, 2 min chart shows a helluva trend this morning. Hopefully when KLCI becomes FTSE KLCI in July 09, we will get this type of movement and follow through.


20090326 0858. Hourly FKLi futures chart, momentum seems to be on upside for now... Spread trade and rolls will come in soon though.

Wednesday, March 25, 2009


20090325 1708. A last hour rally for the FKLI futures. Looks like something is up for tomorrow....


1422. FKLI futures meanders aimlessly, caused by the 'a rolling market gathers no profits' phenomenon, where those who are wrong 'roll' their positions over to the next month, postponing the realisation of losses.

20090325 0851. FKLI futures opened at 878.5, maybe put in bid to buy at next pivot level 869 or around there for a scalp trade....

Tuesday, March 24, 2009


20090324 1553. 2 min FKLI futures turns into sell @880. Exiting longs.


20090324 1222. After the cash session closing (manipulation of the big stocks) FKI now trades at 881... (FKLI futures 2 min chart)


1117. The problem with longs now is that the MACD is at the crossroads, about to cross, but we'll see what happens.

20090324 0935. FKLI futures 60 min chart, we might want to look at going long at the 8 exp mov average.

Monday, March 23, 2009


20090323 Genting Bhd, weekly candle closed above the high of the weekly low candle, indicating the buy signal. Looking to pick up Genting on weakness this week. So much for what most 'experts' who were so quick to put out research notes on how the current equity rally was a 'dead cat bounce'. Another example of the majority views being dashed and dreadfully wrong?


20090323 1715. A nice rally on FKLI futures today. A combination of the expected good news on the TARP programme by the US govt to take the toxic assets off the banks' balance sheets, and the heavy shorts covering on FKLI futures created the 'trend day'. So the 900 contracts short on opening at 840 Friday before last probably cut and ran.

Friday, March 20, 2009



20090320 1511. FCPO breaks out...

Thursday, March 19, 2009


20090319 1445. Short side on the 2 min chart of the FKLI futures...



20090319 1104. FKLI futures v SIMSCI futures: identical setup, but non identical movement, 15 ticks v 4 ticks. This is the Malaysia boleh market....


20090319 0928. FKLI futures 2 min chart. Can we get a sort squeeze going today, I wonder?


20090319 Citigroup daily. When the bears get too bearish this is what happens.

As the greedy wolves jumped in for the easy money 2 weeks ago.... they found that there is "no free lunch" in this world. Now they suffer the losses.

Wednesday, March 18, 2009


20090318 1014. Reference chart for today was the 2 min, shows the uptrend on this timeframe, FKLI futures.

Tuesday, March 17, 2009


20090317 1654. 2 min FKLI futures chart, afforded a shorting opportunity in the afternoon trade.



20090317 1514. oh, they saw my post and moved the market up in kiasu fashion! Anyway with the path of least resistance up (15 min) today, they managed to bring FKLI futures to tag the 200 ema on the 15 min chart @ 852.


20090317 1444. Malaysian market doing its own thing...


20090317 1048. The path of least resistance for the day trader this morning was on upside, shown from the 15 min FKLI futures chart.

Monday, March 16, 2009


20090316 1715. FKLI futures 2 min chart in the afternoon session.


20090316 1004. 2 min FKLI futures chart....

Saturday, March 14, 2009


20090314 Continuing saga (or shall I say SAGGING) of Maybank share price, due to incompetency of management decisions, destroying shareholder value, and now using public money (EPF)..."EPF has committed to taking up its share of the rights issue". Dived further downwards towards the '35% to 40% discount...of the rights issue price".

Friday, March 13, 2009

The Credit Crunch explained in a (crunched) nutshell

C
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.



20090313 1704. FKLI futures 15 min chart for the week. As for today's trade, well the picture I think tells the story....

20090313 Hong Kong Exchange is suspending its auction system for determining the closing value for stocks, due to the 24% slide in HSBC on Monday due to a last second order placed during the auction process.


20090313 0902. 900+ contract limit order to sell at 840 all done this morning. A case of the mega 'sui yur' (water fish).... Time will tell...

Thursday, March 12, 2009


20090313 1705. Sell side signals on 2min chart on FKLi futures are more responsive.


20090213 1517. Is this the turning point for FKLi futures? Public bank holds the key, the most is a small bounce in the stock I think.


20090112 1152. FKLI futures 2 min chart.... There was no reason to be a buyer to long the market, at least in the morning.

Wednesday, March 11, 2009


1657. FKLi futures 2 min chart, follow the trend down.

20090311 1437. 2 min FKLI chart...


20090311 1043. Past few days they have been bailing out and cutting losses on Public Bank... (60 min chart)


1124 A 4 tick movement down only, now on buy at 66.5. Trading for bones and scraps only.

20090311 1024. 2 min chart indicates short at 66.5 for FKLI futures.


20090311 0855. FKLI futures gaps up above the 1 and 3 day trend ma. Maybe set up bids to buy at pivot levels for today.

Sunday, March 08, 2009

Listen to CNBC and you will have US1 million today....



".....provided you started with US100 million 12 months ago!"

Jon Stewart Eviscerates CNBC and Rick Santelli - March 4, 2009


Malayan Banking Bhd 4 hour: A classic case of Buy high->Market collapse->Margin call.

FKLI futures 4 hour. The right shoulder of the H&S was an ugly one and liable to ruin any shorts, but that is trading...
.

Friday, March 06, 2009


20090306 0917. 2 min FKLI futures, pointed down from the opening...

Thursday, March 05, 2009


20090305 1658. FKLI 15 min.


"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

fcpo.blogspot.com

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