Friday, April 30, 2010

klci,

20100430 1556 about 8 mins into the last 60 min settlement clculation. This is an example of market manipulation, using 100 shares in the heavyweights to artificially mark the index calculation down.

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20100430 1223 Nice follow through on simsci futures.

20100430 1211 A nice 123 reversal on 2 min simsci futures...

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20100430 0919 Genting Bhd, uncanny how the news media are so accurate in pointing out the reversals.

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Thursday, April 29, 2010

They are doing the silly thing again

S&P downgrades Spain's credit rating. This is how they operate, they get a position to say short greece or spain, they focus with propaganda and attack it. The question we should ask is: Japan's debt to GDP is 197% forecasted, how come no downgrade?

Wednesday, April 28, 2010

Keep a check on emotions

From pg351-2 of "High Probability Trading" by Marcel Link

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20100428 Out of time and energy for the fcpo futures.

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20100428 1715 FKLI futures 15 min chart update...

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20100428 1715 Possible reversal on fcpo?

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Ratings Agency

Thej ratings agencies downgraded Greece to junk status for its bonds.

Well, the ratings agency are doing their job well. Their job is to help the market manipulators to kill housing markets or to kill off the financial health of the countries. You don't see them warning people of the subprime CDO ratings or downgrading the US Treasury bonds, do we? A bunch of As*ho*&s.

20100428 1018 Simsci futures had nice follow through..

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20100428 1002 Simsci futures, 2 min 123 reversal....

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20100428 0921 FKLI futures 15 min chart gaps down in reaction to big overseas stock indices fall.

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Tuesday, April 27, 2010

20100427 1755 A couple of diammetrically opposed moves in 1 min FCPO futures... in the same session.

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Goldman Sachs fraud allegations

Well well well, how things changed, Buffett lobbies against clampdown in derivatives. And today Goldman Sachs will go before a senate committee.

No sincerity, all snakes and rats in a pot...

20100427 1040 FCPO futures 1 min, pulls back to the mov avg for the scalp short...

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20100427 0850 FKLI futures opened down today, trades at 1338.5, not surprising considering the stance on the 15 min chart...

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Monday, April 26, 2010

20100426 1055 FCPO futures, stops triggered above 2550 this morning....

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20100426 1000 Continuing on with the FKLI futures uptrend story from last week. Incidently, some politics over the weekend, ruling party wins the by election in Hulu Selangor.

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Saturday, April 24, 2010

20100423 As the 30 min FKLI futures close, there is a potential inverted H&S... If triggered, the target is a projection from the neckline up equal to the height of the head.

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Thursday, April 22, 2010

20100422 1715 FKLI futures closes at the high of 1342.

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20100422 1621 15 min FKLI futures, the pitchfork hopefully signals the trend in the days to come.

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Tuesday, April 20, 2010

20100420 Citigroup, is it on a sideways range or has it broken out?

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Monday, April 19, 2010

20100419 0948 FKLI futures 5 min chart continues the downtrend...

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Sunday, April 18, 2010

Dow fell on Goldman Sach's fraud indictment. Likely area of support for FKLI futures around 1310...

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Friday, April 16, 2010

Well, the story that stumbles the bull market in the US: 15 min mini Dow futures chart.

SEC accuses Goldman Sachs of civil fraud


When Bloomberg TV or other news reports on a dead set 99% trading strategy, that is the end...

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20100416 1622 FKLI futures 5 min chart trades to as low as 1330.50...

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20100416 0957 FKLI futures 5 min chart, down trend in place.

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Tuesday, April 13, 2010

2010413 1715 FKLI futures 5 min chart... closes at lows.

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20100413 1049 Bloomberg TV is blaring out a strategy that "Buy on Monday and Sell on Friday"! I guess that is the end of that strategy...

Supermax, a speculative favourite recently, provided the leading indication of today's correction in the index.

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20100413 0930 FKLI futures 5 min down move this morning...

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Monday, April 12, 2010

This event was advertised in The Edge over the weekend. Looks interesting.

20100412 1230 Index was massaed with 1 stock today, Tenaga Nasional Bhd... 5 min chart.

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Saturday, April 10, 2010

20100410 Secondary banking stocks are the stellar performers for this past week... except AMMB.

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Friday, April 09, 2010

20100409 1653 Basically is another con job for the FBM KLCI cash.... 16:45 the value was 1337, after the 'closing auction' the last tick of the index is 1338.98. A great way to end the week, and make foreign investors lose confidence.

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20100409 1613 Fcpo futures 1 min, in uptrend.... Incidently Sime Darby is up 5 sen this afternoon, very far from OSK's research call of SELL with target or RM7.02??

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OSK rates Sime Darby a SELL. If this is a bull market, as other stocks rise, plantation stocks will become 'undervalued'.

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20100409 0913 Today is the day after a trend day, so the market may not trend but move in a trading range. Let's see how it goes.

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Thursday, April 08, 2010

20100408 1800 Fcpo futures 1 min chart, bear move...

20100408 1630 Fcpo futures sell off after the Reuters poll.

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20100408 1546 Revisiting some momentum stock plays: POS Msia and Analabs Resources.

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20100408 1129 FKLI futures 5 min chart, on a downtrend all morning...

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20100408 1044 Fcpo futures 1 min chart, continues the upmove...

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Wednesday, April 07, 2010

20100407 Fcpo closes at highs.

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20100407 1702 Revisiting Maybank, which if one had a bullish view, there are some $ to be made.

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20100407 1245 Fcpo futures 1 min, a triangle formation...

Tuesday, April 06, 2010

20100406 So, the brokers put a fair value of RM10.10 and maintain the Trading Buy recommendation on Tenaga Nasional Bhd. The start of a rise?

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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


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