Saturday, January 30, 2010

20100129 DJIA and FKLI futures daily charts. Break of the uptrendlines...

Friday, January 29, 2010

20100129 2140 Eurusd only got to 1.3985 before falling back....

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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.

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20100129 1614 Eurusd looks to be going up on the 12 min chart...

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Thursday, January 28, 2010

20100128 1600 This is the HSI index call option (strike 20000) expiring today.

20100128 1718 Fcpo April 10 contract, textbook inverted H&S reversal...

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20100128 1616 Eurusd reaches 1st target 1.4050...

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20100128 1546 A long on the eurusd at 1.4025.

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20100128 1230 FKLI futures daily chart, should see a retrace of the breakdown point off the trendline to 'kiss it goodbye'? Let's see...

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Wednesday, January 27, 2010

20100127 2011 Well, the reversal in eurusd means the momentum has shifted to the downside...

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20100127 1859 Eurusd is on the way up.... looking for test of 1.4100.

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20100127 1757 Trying some longs on eurusd here...

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20100127 1715 FBM KLCI cash index, looking lik 1250 is a given...

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20100127 1559 FKLI futures 30 min chart going to print tweezers pattern....

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20100127 1110 FKLI futures daily chart.... bounces off support trendline at 1270...

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20100127 0920 FBM KLCI 30 min chart...

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Tuesday, January 26, 2010

20100126 2326 Exiting the long at small loss... not much headway, despite the emini S&P500 futures rebound.

20100126 2103 Divergence on eurusd 12 min chart, we are trying our luck with longs...

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20100126 1731 Cable short....

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20100126 1712 FKLI futures 30 min chart....closes near the lows of the day.

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20100126 1510 FKLI futures 30 min chart update.... the break of the trendline means some follow through down...

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20100126 1524 A railroad track pattern means we can try to scalp short cable with a tight stop...

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20100126 Happy Australia Day! FKLI futures 30 min chart broke the small trendline of the retracement upwards....

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20100126 0856 Cable, has made nice move up...

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Monday, January 25, 2010

20100125 1715 FKLI futures and Adventa..... finds support off 20 ema.

20100125 1702 Finally cable moves above 1.6150...

20100125 1626 Not much headway for cable....

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 1426 Can the long cable at current breakout levels work out?

20100125 1230 HSI futures 12 min, rangebound today....

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20100125 1102 On Jan 16 the charts showed the rubber glove manufacturers under selling pressure, well today support at 20 ema is hit.

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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...

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20100125 0949 HSI futures opens, nothing in terms of divergence trade...

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20100125 0910 FKLI futures at the 20 exp ma..... 30 min charts shows divergence.

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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.

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20100121 The second divergence on YM created the gap filling long trade...

Friday, January 22, 2010

20100121 2257 YM mini Dow futures divergence provides opportunities to scalp longs after the open....



20100121 1504 Eurusd ends up being above our buy levels for yesterday!

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20100121 1441 HSI futures gaps up from the double divergence...

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20100121 1127 They call it the most powerful signal in tech analysis, the divergence...

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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)

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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

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