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, January 30, 2010
Friday, January 29, 2010
20100129 1709 As Dr Alexander Elder says, divergence is the most powerful signal in technical analysis... FKLI and HSI futures 30 min & 5 min chart.
Labels: fkli, hsi, index futures
Thursday, January 28, 2010
20100128 1230 FKLI futures daily chart, should see a retrace of the breakdown point off the trendline to 'kiss it goodbye'? Let's see...
Labels: fkli, index futures
Wednesday, January 27, 2010
20100127 1559 FKLI futures 30 min chart going to print tweezers pattern....
Labels: fkli, index futures
20100127 1110 FKLI futures daily chart.... bounces off support trendline at 1270...
Labels: fkli, index futures
Tuesday, January 26, 2010
20100126 1712 FKLI futures 30 min chart....closes near the lows of the day.
Labels: fkli, index futures
20100126 1510 FKLI futures 30 min chart update.... the break of the trendline means some follow through down...
Labels: fkli, index futures
20100126 Happy Australia Day! FKLI futures 30 min chart broke the small trendline of the retracement upwards....
Labels: fkli, index futures
Monday, January 25, 2010
20100125 1538 A couple of goreng stocks (ramp up? corner?) I wonder what sort of motivation is behind this move? News? Insider trading? Creating false impression of market activity? Spreading romour of takeover? (we saw this in Jetson and CnAsia, where no such takeover materialized) I guess you might be able to frame violations of securities laws to your liking.
20100125 1102 On Jan 16 the charts showed the rubber glove manufacturers under selling pressure, well today support at 20 ema is hit.
Labels: stocks
20100125 1038 The divergence on the 30 min is playing out... There were two gaps on the chart, which is as good a reason to cover shorts or go long on open today...
Labels: fkli, index futures
20100125 0910 FKLI futures at the 20 exp ma..... 30 min charts shows divergence.
Labels: fkli, index futures
Saturday, January 23, 2010
20100121 The Emini S&P 500 is almost to the 1075 region.... The spike then channel up pattern always sees price coming back to the spike up price zone... Anything can happen in markets, even ludricous forecasts like ours earlier in the week.
Note the cash S&P500 daily chart, you don't want to get in front of the locomotive haring down the tracks at 110 mph, so longs should only be for scalps.
Labels: ES, index futures
Friday, January 22, 2010
20100121 1127 They call it the most powerful signal in tech analysis, the divergence...
Labels: hsi, index futures
20100122 0954 FKLI futures headed to test the 20 ema... HSI futures, the close below 21000 yesterday (low point of the triple bullish divergence) meant the market had intention to break lower...
Meanwhile ES futures looks headed for 1075.(see post on Monday)
Labels: ES, fkli, hsi, index futures
"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
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