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
Friday, May 29, 2009
Thursday, May 28, 2009
Wednesday, May 27, 2009
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 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
Monday, May 25, 2009
Friday, May 22, 2009
Thursday, May 21, 2009
Wednesday, May 20, 2009
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.
Friday, May 15, 2009
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?"
Thursday, May 14, 2009
Wednesday, May 13, 2009
Tuesday, May 12, 2009
Monday, May 11, 2009
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
Friday, May 08, 2009
Thursday, May 07, 2009
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.
Tuesday, May 05, 2009
Monday, May 04, 2009
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
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
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system