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
Saturday, October 31, 2009
Friday, October 30, 2009
Thursday, October 29, 2009
Wednesday, October 28, 2009
Tuesday, October 27, 2009
Monday, October 26, 2009
Saturday, October 24, 2009
20091025 I was looking for charts to post and found some weekly charts.
1 FBM KLCI weekly with Fib retracements
2 HL Bank, the stellar performer last week
3 Sime Darby Bhd, the upcoming stellar performer? Depends on cpo prices...
Lukewarm response to stock market measures, I am sorry, but the remisier model is stone aged. From the comments of 'remisier pinching' the cake is shrinking to the extent that the dogs fight for the scraps.
Real Proerty Gains Tax reimposed. But then, property is not a major sector in the FBM KLCI. And always remember, what the garment giveth it can always taketh away later. In the first place in 2007 RPGT should never have been 'abolished'.
One Malaysia, higher income nation for all equally, but, any measures to ensure the spirit of One Malaysia comes through?
Maximum tax bracket down to 26%. Oh goodie!
RM50 per annum service tax on credit cards. Oh no, credit card junkies will have to trim their collection of credit cards down to 1.... just have one debit card otherwise you won't enjoy the tax relief on the broadband tax relief. The PM has defended this 'hand in the till' action. Best just to keep one card, or just use debit card.
Friday, October 23, 2009
Thursday, October 22, 2009
Wednesday, October 21, 2009
Tuesday, October 20, 2009
Monday, October 19, 2009
Saturday, October 17, 2009
I just have to post this 4 hour gbpusd chart. A dramatic rise as one site puts it, an understatement for this month.
"The next leg" up materialized for the FBM KLCI (posted Oct 10, 2009) this past week. Looks like bullish conditions, I am wondering if it is time to look for levels to reduce exposure...
Friday, October 16, 2009
Thursday, October 15, 2009
Wednesday, October 14, 2009
20091014 This is how they screw people in fcpo (5 min chart) a good uptrend is greeted by sudden dive and an auction markdown!
Anyway the 5 min FKLI futures chart is more sedate and shows strong trend day. Right now the Dow and Nasdaq are up close to 1%. If we get a negative close on the Dow, sets up a high probability trade (long) after the opening of FKLi futures tomorrow.
"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