Wednesday, August 26, 2009


20090826 1419. Eurjpy spot 2 min chart....


20090826 1143. The 2 min FKLI chart reference for today....

Tuesday, August 25, 2009



20090825 1737. FKLI futures 2 min chart to complete the picture. Meanwhile, the eurjpy long is in play.



20090825 1615. FCPO Nov 09 nice triangle break on the 34 tick chart. Top chart is eurjpy spot fx, indications are for long trade.


20090825 1211. Textbook bollinger band reversal for the SGX Nikkei 225 futures contract, on the 5 min chart.


20090825 1052. FKLI futures 2 min chart. With the roadmap provided by the median lines, structure emerges.


20090825 0901. FKLI futures 2 min roadmap for today....

Monday, August 24, 2009


20090824 1715. FKLIi futures maintains the gains off the upward sloping trend channels.


20090824 0947. Hang Seng futures just opened up >500 pts. About the best fit we can draw for FKLI futures..... Merdeka day rally?

Friday, August 21, 2009


20090821 1715. FKLI ends the week limp.... 2 min chart.


20090821 0934 2 min FKLI futures channel lines could be drawn before the open today....

Thursday, August 20, 2009


20090820 1710. 2 min FKLI futures channels afforded a shorting opportunity in the afternoon.



20090820 1400. FKLI futures broke out of the extension median line. Now on a different trend channel. There is a box play possibility on the cable, or the gbpusd, for the breakout in either direction.


20090820 0928. FKLI futures 2 min chart is at the extension median line....

Wednesday, August 19, 2009


20090819 1212. The action today was in crude palm oil fuutres Nov 09 contract.(2 min)

Tuesday, August 18, 2009


20090818 1715. FKLI fuutres, lethargic action after gapping up in the second trading session.



0090818 1217. FKLI futures 2 min channels fortoday.....

Monday, August 17, 2009


20090817 1715. 2 unfilled gaps on the 5 min FKLI futures today, for reference later.


20090817 1245. 2 min FKLI futures moves down along the median line channels...


20090817 0857. 2 min FKLI chart....

Friday, August 14, 2009

So you want to be a trader and 'trade for a living'...


Marty Schwartz said it best in his book "Pit Bull".

“Feel free to use my tools, but don’t think that you can just pick them up and start making money. To make yourself into a skilled craftsman, you’ll have to find the tools that feel right to you, and use them over and over until you learn how they work, what they can do, and how to get the most out of them.”

To be successful, the process is akin to being an apprentice and gain from practice, one's skills in utilising the tools of one's trade.

Anyway, the 2 min chart of FkLI futures shows how the price action panned out.


20090814 0940. FKLI 2 minute chart.....

Thursday, August 13, 2009


20090813 1653. FKLI futures range today was only 6 points. The closes below the trend channels means momentum lost to upside and nothing could get going. It seems the daily range is getting narrower and narrower.


20090813 1156. With the low made these channels redrawn are better fit on the 2 min chart, FKLI futures. Can the market get up the channel? I know 'hope' is not a good word, but if hoping pays off then the rising targets are 1184 then 1188...


20090813 1018. 2 min FKLI futures chart, but the trend channels are not wekk defined yet.

Wednesday, August 12, 2009


20090812 1624. The move below 1179 after lunch session break, torpedoes the upside move with a nice break lower.


20090812 1132 FKLI futures 2 min with the channels for today. If it can go up from here, we might see some acceleration to upside.

Tuesday, August 11, 2009

CME to take strategic stake in Bursamalaysia Derivatives.



News today that CME (Chicago Mercantile Exchange) will take an equity stake in Bursamalaysia Derivatives Bhd, and pave the way for derivatives products to be cross traded through the CME's Globex trading platform. If all goes well, some good things to look forward More on the strategic partnership.to.


20090811 1655. FKLI futures manages to get above 1183, now trades 1186.5.


20090811 1214. FKLI futures getting helping hand from simsci.... Trades as high as 1185.5.


20090811 1130. FKLI futures 2 min chart. We need the market to get above 1183 to make any headqay.

Monday, August 10, 2009


20090810 1715. FKLI futures 2 min chart, close looks weak....


20090810 1049. FKLI futures 2 min chart for today.

Saturday, August 08, 2009


I am wondering, can the futures get to 1200?


20090808 FKLI futures 2 min chart fits the median line channels. 2nd chart is the weekly FKLI futures chart.... trendline still unbroken, so the 'correction theorists' are still waiting.

Friday, August 07, 2009


20090807 1215. Into the closing auction, FKLI futures tested the lower median line for today.


20090807 1125. 2 min FKLI chart.... Sideways action, coiling the spring each way...

Thursday, August 06, 2009


1453 FKLI futures breaks through key level at 1180 and hits high of 1184. Now to see if can be sustained.


20090806 0945. Snapshot of 2 min FKLI futures chart taken at 0933 am this morning.... A sustained move above 1179 looking forward could see the breakout to the upside.



20090806 0751 A recovery of sorts for the DJIA, but a small gap up on Nikkei 225 futures so far this morning...

Wednesday, August 05, 2009


20090805 231 Late at night, I am looking at the markets. This is the 5 min chart of the Dax index.... It looks like the correction may come soon. The price action on the index markets were of gap up then selling down occurs to fill the gap and then some. Some more signs are that speculative fever is gripping the Bursamalaysia market, with all sorts of 'sampah' stocks now rocketing up on 'news'.


20090805 1525. FKLI futures, a nice move down the median lines on the 2 min chart.


20090805 1245. FKLI futures 2 min chart. Again we have the same pattern as yesterday...

Tuesday, August 04, 2009


20090804 1610. We have redrawn the median lines on the 2 min chart. FKLI futures needs to break 1177 or 1171 to gain headway either side.


"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