Friday, May 29, 2009


12200905291715. FKLI May contract settlement today. 15 min futures chart showed possible uptrend going into afternoon session opening.

Thursday, May 28, 2009


20090528 Genting Bhd, is still to close below the low of the high day. Very close past day or two, when that condition comes, it might be time to lock in profits.


200705228 1715. FKLI futures 15 min chart. The gap closing trade would have been only good for locals. Looking at this chart would stop traders going long for today's trade, no wonder the gap is not closed today.

Wednesday, May 27, 2009


20090527 1715. FKLI futures 5 min chart shows the price action for today.

Some interesting facts on locals trading volume for fcpo, notice the 42% increase month on month. And our exchange thinks this is the 'best' cpo contract, further improvement is of course ideal. Exchange needs to lobby SC to relax the requirements for local participants.

FCPO Market Demography for April 2009

Category Mar09 Apr09 Change
-------- ----- ----- -------
Foreign institution 19% 16% -15.79%
Domestic institution 18% 18% unch
Foreign retail 0% 0% unch
Domestic retail 33% 24% -27.27%
Locals 30% 42% +40.00%
Proprietary 0% 0% unch
----------------------------------------------------
(# of contracts)
Total Volume 314,774 442,220 +40.49%
Average daily volume 14,975 20,101 +34.23%
Month end open interest 88,926 84,885 - 4.54%

Please refer to the attachment for historical graphs


20090527 0930. FKLI futures gap fill trade in effect. Maybe only targeting 1/2 gap fill...

20090527 0856. FKLI futures gaps up trades to high 1054. Maybe the gap closing trade short can be considered. Let's see what happens.

Tuesday, May 26, 2009


20090526 1715. Hourly H&S pattern on FKLI futures, neckline is at around 1047. So, vindications for the short bias today.... We might expect a rebound back up to the neckline before further downside back to today's low.



20090526 1224. An Aug FCPO short for a smooth move to the target 20.


20090526 0913. FKLI futures stance, resistance point.

Monday, May 25, 2009


20090525 1715. Genting Bhd daily chart, its price keeps on rising since the buy call. I remember UBS putting a target price on this one at RM9.20, in its report out in March 2009.


20090525 1136. Sideways action on FKLI futures stalls any downward move.


20090525 1121. FKLI on downward path, it seems.... Time will tell.

Friday, May 22, 2009


20090522 1708. FKLI picture of the afternoon trade was of a buy at 1033.


20090522 1245. The situatlion as FKLI futures drifts down into the low 30s...


20090522 1131. FKLI futures, shorts taken @1037.5. See what happens.

Thursday, May 21, 2009


20090521 1712. This morning at 11am we drew the TL to guide the day's trading in FLI futures.

Wednesday, May 20, 2009


20090520 1706. FKLI fuutres 60 min chart continues on upward along the path of least resistance.

Tuesday, May 19, 2009


20090519 1638. Coming up to the closing matching for the stocks on Bursamalaysia, we did not get the entry on the retrace, but the market did prove the path of least resistance was upside.

20090519 1638. Coming up to the closing matching for the stocks on Bursamalaysia, we did not get the entry on the retrace, but the market did prove the path of least resistance was upside.


20090519 0921 Hourly FKLI futures momentum turns up. Might be an idea to buy a pullback to near the moving averages.

Friday, May 15, 2009


20090515 1450. FKLI futures gap closing trade completes as the H1N1 in Malaysia news provides the impetus...

Phillip Futures Sdn Bhd Internet trading of FKLI/FCPO futures

From the grapevine, heard that Phillip Futures Malaysia will launch their online trading via DMA of the FKLI/FCPO futures next Monday 18 May 2009. Should be via their POEMS or POEMS Pro platform, where overseas futures orders can be routed too. No webpage, apart from their website:www.poems.com.my.

Seems they have information somewhere on this site. When I mention to traders of this type of DMA trading, the first response is: "What is the commission rate?"


20090515 1010. 2 min chart snapshot taken at 0950 am. Given the view of 'weakness' for the KLCI, we'd expect the FKLI futures to fill the opening gap today.

Thursday, May 14, 2009



20090514 60 min and daily charts of the FKLI futures as of the closing today. Some weakness ahead.

Wednesday, May 13, 2009


20090513 1700. FKLi futures dialy chart forms an 'inside bar', a sign of impending move ahead...


20090513 1151. FKLI futues provides opportunity for longs as well, seems to be two way trade today.


20090513 1010. After some pushng and shoving, the FKLI futures finally breaks down to 1016 low.


20090513 0908. FKLI futures gapped down today to 1020.5, fills the gap and now flashes sell signal. Whether this will work or not......

Tuesday, May 12, 2009



20090512 1640. FKLI futures in uptrend for the afternoon session, so the 2 min chart cna help the trader stay on the 'right' side of the trend.

Monday, May 11, 2009


20090511 1702. Today's afternoon trade for us was to trade the 2 min chart using trendlines.

20090511 0929. When the lemmings start to follow the Pied Piper, they take the inexorable path into the river. That said, the other day I heard a good quote from a 30 year stock market veteran: "When the retail investors start piling into the stockmarket, the rally is 75% complete".

Saturday, May 09, 2009




20090509 FKLI futures monthly, weekly and daily chart.s. Weekly has been bullish for a few periods now, with the monthly stochastics crossed up since end April. So with daily indicators pointing up, we can expect the path of least resistance to be up.

Friday, May 08, 2009


20090508 1159. FKLI futures breaks out of consolidation range after 1130 am. The moving averages can keep one out of trouble and on the right side of the trend.


20090508 1007. FKLI futures 2 min chart. Today was a day to focus on short setups.

Thursday, May 07, 2009


20090507 1150. FKLI futures only reaches slightly below 1025 before reversing.....

20090507 1053 A short signal triggered at 1031 on the 2 min FKLI futures chart.


Wednesday, May 06, 2009

The 10 year cycle


FKLI futures daily chart, the indicators turn up again....

How does one make big money in stocks? Looking back at our post in October 2009, with hindsight, one can be holding on to stocks and riding high. But many people like to trade when the stock market is 'hot', as in the current state of the market. I was told by my friend that the 'lemmings are jumping in', with many people who don't touch or look at stocks are now clamouring and opening account to be 'stock trader'. Then they get the excitement to trade the hot stocks, until....

Chart above is the FTSE Bursamalaysia Small Cap index, the small caps in focus now.


20090506 1451. Stops triggered straight after the lunch break sees FKLI futures hit high of 1018.


20090506 1143. FKLI futures are trapped in the range delineated. Meanwhile, the small cap stocks are goreng wildly....


20090506 0947. This short turned out to be relatively stress free, with 1002.5 being hig on a panic sell stops trigger, I suspect. Reminds me of a book I read where stress free trades are described by tha author as 'Bahamas trades'.


20090506 0917. Today we are focussing on range trade, so on the 2 min chart the WW pattern sets up, meaning a short indicated here.

Tuesday, May 05, 2009


20090505 1139. The view of the 2 min FKLI futures chart after the shorts on break of 1016 level.



20090505 1030. Took a while, but the pattern finally starts to pay off on the 2 min FKLI futures.


20090505 0950. We are thinking of going short if 1016 breaks from here...

Monday, May 04, 2009


20090504 0950. The buy signal on 2 min chart was at 1006 area, trades to high of 1015, the FKLI futures, a few mins ago.

Saturday, May 02, 2009




20090502 Daily, weekly and monthly FKLI futures chart. Monthly stochastics has crossed up, a warning that the macd MIGHT turn and cross up. Weekly FKLI is bullish. Daily stoch crosses down and macd about to cross down (or has done). Longer term path of least resistance is UP.(weekly and monthly), so dialy sell signals provide opportunity for position traders to take longer term positions long. Dunno if this analysis is correct, but time will tell.... For me, I am a scalper and intraday trader, so maybe it doesn't matter much in terms of FKLI futures, but hey if I were to hold any stock positions they should be longs for longer term players.


"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