Tuesday, June 30, 2009

20090630 1208. Pattern of trading for FKLI futures July 09 contract, according to the 2 min chart.

Friday, June 26, 2009

Time to take stock, so to say, and look at our stock picks for this year: Genting Bhd, Maybank and Malaysian Airport.

Tribute to Michael Jackson, who last night passed away in Los Angeles form a heart attack. Michael thanks for all the joy you brought to the world through your music.

20090626 1145. FKLI futures 2 min chart shows the picture of trade this morning.

Thursday, June 25, 2009

20090625 1144. FKLI futures trades to high 1068. Some good lessons in this morning's post illustrades nicely the proper mindset to have for trading.

20090625 1120. 2 min pattern indicates time to cover the short, turns long.

20090625 1057. 2 min FKLI we can now attempt short at 1063.

20090625 1037. FKLI spikes to 1067, invalidating the original trade plan...

20090625 1008. FKI now trades 1062.5/3.0. Might take some shorts if 1061 trades, basis on 2 min chart breakdown and gap fill of cash market.

Monday, June 22, 2009

20090622 1245. KLCI daily momentum studies points down, low traded on FKLI of 1048. Looks like the 50 ema and 200 ema zone likely to be tested.

Thursday, June 18, 2009

20090618 Back from a break.... KLCI now starts the expected 'pullback to the 200 ema', so we might expect the zone between 50 ema and 200 ema to be tested.

Tuesday, June 02, 2009

20090602 Cash KLCI 50 ema has crossed up through the 200 ema. What does this mean? We'll see in time, but it might be prices may go back to retest the 200ema. In any case any retest near the 200 ema is a buy for position players.

20090602 1715. 2 min FKLI fuutres. Once we had the high put in for the day, the 3 points A, B and C allows the tram lines to be drawn.

20090602.1523. We could draw our tram lines on the FKLI futures 2 min chart this morning after the high pivot, for guidance for the day's trade.

"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



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