break of the trendline.... The ugly scenario played out while I was away. Simple tool like the trendline can give insights into market moves.
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
Sunday, May 30, 2010
Saturday, May 22, 2010
Friday, May 21, 2010
Thursday, May 20, 2010
What are they doing?
US Dollar denominated crude palm oil futures contract next week. We were handed a brochure on the product.
Apparently the CME has has no expenses spared rounds entertaining the brokers of Bursamalaysia Derivatives with lavish parties and events prior to the launching. But what are they doing? They have not even talked to the Local Participants, who are the liquidity providers in the ringgit crude palm oil futures. No discussion on lower commission rates like they enjoy at BMD nor the most important aspect, scratch trades, or margining.
So what are they doing?
Wednesday, May 19, 2010
Even though the exchange made announcement, fkli futures trade should have been suspended. Why was the timing so coincidental that in the down market today, the FBM indices 'conveniently' were disrupted? This is a question Bursa needs to answer, as well as why the futures continue to trade. No accountability means the conspiracy theorists will have a field day...
China Stocks Fall as German Short-Sale Ban Deepens Debt Concern
Well, whenever they come out with such market support schemes, eventually it fails to stem the tide. We have seen it before during the AFC (in Malaysia they designated the 100 stocks comprising the KLCI) and GFC (Global ban on short selling of stocks, markets went on to make new lows before recovering)....
Tuesday, May 18, 2010
Recruitment of new Local Participant
I was at the event in Singapore on the weekend, SGX Trader Symposium. Enjoyed it thoroughly, entertaining speakers, interesting topics etc. Objectives of SGX putting this on was to recruit new Trading Member (Locals) and allow traders to 'connect' and network, build comraderie etc.
One striking aspect is the ease of joining SGX as individual trading member, trading on their own account. Unlike Malaysia, which requires '3 years experience in the industry' to qualify there is no requirement in Singapore. When I mention this to the employees of the brokers or anyone down there, they are aghast and then laugh at such conditions.
So, Bursa, SC are you listening?
Monday, May 17, 2010
Friday, May 14, 2010
Thursday, May 13, 2010
Wednesday, May 12, 2010
Tuesday, May 11, 2010
Saturday, May 08, 2010
Friday, May 07, 2010
Thursday, May 06, 2010
Wednesday, May 05, 2010
Tuesday, May 04, 2010
"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
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
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system