Thursday, December 31, 2009

So you want to trade the FKLI futures

One thing you need to know is that the FKLI futures is a strange animal, it does the opposite of regional indices. It not only does this, but it does so consistently.... Caveat Emptor.

20091231 1432 Happy New Year to all! As I sit here, everywhere else the markets are having 1/2 day, while Bursamalaysia is still trading.... Is business and volume so bad that they have to remain open for the full day on New Year's eve? Hello, anybody listening...???

20091231 1216 Indeed, they use the thin market conditions to squeeze the fcpo market up....

20091231 1100 FCPO futures, will they do similar to Christmas eve?

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Tuesday, December 29, 2009

20091229 2121 EUR (futures in this instance) sees 1.4450...

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20091229 1655 Longs indicated on eurusd at 1.4391.

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20091229 1014 An update on the heavyweights movement...... compared to last week's mark down..

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Monday, December 28, 2009

20091228 1131 Some stops triggered that brought price to 1273 but one needed to park there to get the prices done.

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20091228 1122 FKLI futures is headed toward the upper trend line... Let's see.

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20091228 0937 FBM KLCI is on uptrend mode on 10 min chart....

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Sunday, December 27, 2009

20091228 3 min chart of March 10 FCPO futures contract, to complete the picture for the day.

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Thursday, December 24, 2009

20091224 1542 CPO futures continues the rally in afternoon, albeit thin trading....

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20091224 1127 A trend reversal in FCPO that started late yesterday evening....

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20091224 0930 Christmas eve.... some 60 min charts of key blue chip stocks making up the FBM KLCI. Seems some parties are using the illiquid conditions to determine the index level....

Wednesday, December 23, 2009

20091223 1651 Hang Seng futures leads the FKLI futures up in afternoon trade. Looks like Dow tonight might challenge the 10500 again....

20091223 1015 Simsci futures 5 min, continues the upwards march....

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Tuesday, December 22, 2009

20091222 1047 With the FKLI futures devoid of interest (1280 contracts so far) the simsci 5 min chart is in stair step upwards pattern.

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Monday, December 21, 2009

20091221 2038 And the euro futures rebound precipitated the rebound in the US index futures.

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20091221 1650 EON Capital Bhd, some rumours that it will be merging with Hong Leong Bank....

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Anyone still think the index is not manipulated?


Heavyweights sime and Cimb was fixed down at auction....

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Sunday, December 20, 2009


20091220 No doubt about it the chart of the past week should be this one, the 4 hour EURUSD fx chart.....

For the FKLI futures, the weekly FBM KLCI trendline break means that the conditions are 'not that bullish' or bearish.....

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Thursday, December 17, 2009

2091217 1754 Cable moves down in a nice trend after the data release...

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20091217 1142 Eurusd hits 1.4400 this morning... Update on the TL break..

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Wednesday, December 16, 2009

20091216 2043 The cable was on a long signal after the data release at 5:30 pm...

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Tuesday, December 15, 2009

20091215 Just thought I'd post a 15 min chart of the FKLI futures, an obvious uptrend...

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20091215 1607 Well, this one was a loss...

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20091215 1553 Cable 15 min fires off long...

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20091215 1410 Cable 4 hr is in uptrend, so longs are in order....

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20091215 0951 Hang Seng futures has opened.... FKLI futures is really flat. My trader friend remarked to me "fkli cannot trade liau", well I have nothing to say but agree with him. Anyway US markets tonight will have quadruple witching, where stock options, stock futures, index futures and index options all are due to expire...

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20091215 0940 Cable 15 min chart update... shorts needed to be tactical in their timing...

Monday, December 14, 2009

20091215 1442 Cable shorts are stalked....

Saturday, December 12, 2009

20091211 Chart of this week: EURUSD fx rate broke a trend line and is on a breakout. So much for those who said the US Dollar will go extinct... Jim Rogers?

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Friday, December 11, 2009

20091211 1715 Weekly FBM KLCI closed below the uptrend line...

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20091211 1204 FCPO futures daily chart, still in uptrend but seems thin trade and trend weakening...

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20091211 0918 FKLI futures 2 min chart, downtrend line is still ruling...

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Thursday, December 10, 2009

20091210 One more day to go for the week. The FBM KLCI closing tomorrow will determine if the market will continue to continue... watch the trendline carefully....

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Wednesday, December 09, 2009

nq futures 1 min for first 15 min

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20091209 1715 1 min FKLI chart, have to waait till last 1/2 hour for the movement....


20091209 1053 2 min FKLI futures chart.... And just have to post the cable charts...

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Tuesday, December 08, 2009

From Bloomberg.com, the Dubai thing hits markets again

Stocks, Gold Fall as Rating Companies Highlight Deficit Risk; Yen Advances
Nakheel Had First-Half Loss of $3.65 Billion on Writedowns, Document Shows
Royal Bank of Scotland Falls to Eight-Month Low After Nakheel Reports Loss
Barclays's Diamond Criticizes Proposed Bonus Tax, Sees Regulator Missteps
McDonald's November Sales Trail Analysts' Estimates as Asia Results Fall
Fortis Investors Lose Bid to Halt BNP Integration of Belgian Banking Unit
U.S., U.K. AAA Ratings May Be Tested as Finances Deteriorate, Moody's Says
Baghdad Car Bombings, Attacks Leave More Than 100 People Dead, Dozens Hurt
Obama Targets Job Creation With No `Silver Bullet' to Help Boost Workforce

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20091208 1517 The strongest market turned out to be the Japanese Nikkei 225 futures.... (4hr chart)

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20091208 1020 FKLI futures 2 min chart. Nowadays the market moves slowly and takes days for the pattern to play out.

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Monday, December 07, 2009

20091207 1638 Cable (gbpusd) 4hr and 15 min. Short bias...

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20091207 1006 The cash FBM KLCI had technical glitches, resulting in the index values not broadcasted to the market. However, trading continued, with no announcement form the exchange to this effect. Do you call this ISO9000 quality assurance.

Anyway later after some traders made phone calls on the issue to the exchange, the exchange broadcast it on the workstation 'exchange news section'. Another announcement later on said that Bursa would broadcast the exchange value every 10mins on bursa website..... but ther was no mention of the actual url, so interested people now become expert on navigating the bursa website, since they try to find this 10 min update.

Need to improve how they do things....

Saturday, December 05, 2009

20091204 FCPO futures Feb 10 contract daily chart, the uptrend is intact... Throw in what I think was the chart of the week, the Nikkei 225 index futures.

Friday, December 04, 2009

20091204 2335 Cable falls in response to the release of the NFP data.... Shorts ruled in the end.


"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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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