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
Friday, April 30, 2010
20100430 0919 Genting Bhd, uncanny how the news media are so accurate in pointing out the reversals.
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
Labels: commodities, fcpo, fkli, index futures
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 0921 FKLI futures 15 min chart gaps down in reaction to big overseas stock indices fall.
Labels: fkli, index futures
Tuesday, April 27, 2010
20100427 1755 A couple of diammetrically opposed moves in 1 min FCPO futures... in the same session.
Labels: commodities, fcpo
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...
Labels: commodities, fcpo
20100427 0850 FKLI futures opened down today, trades at 1338.5, not surprising considering the stance on the 15 min chart...
Labels: fkli, index futures
Monday, April 26, 2010
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.
Labels: fkli, index futures
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.
Labels: fkli, index futures
Thursday, April 22, 2010
20100422 1621 15 min FKLI futures, the pitchfork hopefully signals the trend in the days to come.
Labels: fkli, index futures
Tuesday, April 20, 2010
Monday, April 19, 2010
Sunday, April 18, 2010
Dow fell on Goldman Sach's fraud indictment. Likely area of support for FKLI futures around 1310...
Labels: fkli, index futures
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...
Labels: fkli, goldman sachs, index futures, KLCI, YM
Tuesday, April 13, 2010
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.
Labels: fkli, index futures, KLCI, stocks
Monday, April 12, 2010
20100412 1230 Index was massaed with 1 stock today, Tenaga Nasional Bhd... 5 min chart.
Labels: fkli, index futures, KLCI, stocks
Saturday, April 10, 2010
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.
Labels: fkli, index futures, KLCI, stocks
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??
Labels: commodities, fcpo, KLCI, stocks
OSK rates Sime Darby a SELL. If this is a bull market, as other stocks rise, plantation stocks will become 'undervalued'.
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.
Labels: fkli, index futures
Thursday, April 08, 2010
Wednesday, April 07, 2010
20100407 1702 Revisiting Maybank, which if one had a bullish view, there are some $ to be made.
Labels: fkli, index futures, KLCI, stocks
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?
Labels: fkli, index futures, KLCI, stocks
"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