Wednesday, September 16, 2009


20090916 1715 FKLI futures 2 min chart. It seems the upper median line was the price to take profits on longs or scalp some shorts, with the aid of hindsight. Today the Bloomberg TV is mentioning that one year ago, AIG was taken over by the Federal govt, and yesterday it was the one year anniversary of the Lehman collapse. I think we should forget about the past and MOVE forward....
1756 FCPO futures volume for Dec 09 contract now stands at 13409, while FKLI today traded 4381. Palm oil is attracting the players, while FKLI is reduced to a 'dog following the tail(FBM KLCI cash index)'

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"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

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From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system