Sunday, October 31, 2010



Well, after squandering the 3 shot lead with 3 consecutive birdies on 12th, 13th and 145h, Ben Crane steadied with an eagle on the drivable par 4 15th hole and a decisive par on 18th at the Mines golf resort to win the inaugural CIMB Asia Pacific Classic, a PGA tour event.(first in ASEAN)

Luke Donald was left to rue missed opportunity with triple bogey on the 9th and driving into the water at the easy 15th hole. While Martin Laird joined in by fluffing easy approaches to 17th and 18th holes with birdies there beckoning. Notable that Robert Allemby (64) and Ernie Els (66) shot low scores in the final round but too little too late...

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Saturday, October 30, 2010

MISC Marine and Heavy Engineering stellar debut

MHB was the sentiment booster for FBM KLCI, but as the intraday chart shows the stags are cashing in on the listing premium...

Having opinions on the market? Read this "Are you a bull or a bear?" Having a strong opinion on the market can be a non productive negative endeavour.... There are plenty of market experts or gurus that go onto the financial news networks or newspapers espousing their views.... we always take note of these for their 'contrarian' or 'confirming' value. Jim Rogers is my favourite, as is doomsdayers like Mark Faber or Muriel Raubini... Oh and we are yet to see the red shoots of the double dip.

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Well, KLCI closed above 1500 for the week and quarter, looking like 1516 all time high will be tested next week...

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PGA Tour is in town

Ernie Els, Adam Scott and the Asian golfers led by Charlie Wi and Arjun Atwal will be teeing it up at the Mines Golf Resort in the CIMB Asia Pacific Golf Classic this weekend.

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Friday, October 29, 2010

New Zealand dollar

nzd, forex

20101029 The Kiwi dollar is on fire toady, a nice uptrend on the 30min. Maybe because the NZ parliament passed the 'Keep the Hobbit in NZ' legislation?

20101029 Luckily we are on the 'right' side of the trade....

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20101029 Swissey 30 m.... trendline break, could mean trend down, looking for short trades.

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20101028 1152 So our FKLI futures 30 min, triangle pattern break did eventuate....

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20101029 1 min Fcpo futures on opening....

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20101029 USDCHF, uptrend still intact on 4 hr timeframe.

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Nov FKLI futures 30 min.....stabs through but yet to close below. We are thinking hard.... basically undecided.

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FKLI futures 15 min triangle break...

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Thursday, October 28, 2010

20101028 nq futures, breaks the trendlines, now focus on shorts.


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5 min fcpo, tradable retracement for the locals.

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20101028 1634 FKLI futures 30 m chart, trapped within a range until the breakout...

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Bursamalaysia Derivatives launch of internet connectivity to OMS

Yesterday, BMD launched the internet connectivity to it's OMS (Order Management System). It means that Trading Participant wil be able to offer their customers direct market access trading through internet using a computer/notebook. A good development for the industry, what remains to be seen is whether the 'big bang' in volume will come...

20101028 1220 1 min fcpo futures, a nice uptrend.

Like to say something about respect for the market, which is always right. As traders we must show it the respect. Over the years I've seen testosterone/adrenaline pumped traders do things like making rude finger gestures at the trading screen, banging the keyboard down on the table, swearing at the screen and banging the table with the fist. There was one local trader, who shorted the fcpo early one morning. The market proceeded to trend up, and the trader averaged up short all the way.(and probably swore all the way) That was his last day trading as a local....

show the market the respect it deserves.

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20101028 1 min fcpo futures...

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Wednesday, October 27, 2010

20101027 NQ futures 3 min into new lows for the day....

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20101027 NQ futures 3 min chart, a nice triangle breakout...

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20101027 Aussie dollar, 30 min chart. In case you were wondering why the HSI and STI sold off hard today, the RBA (reserve bank of australia) is not expected to raise interest rates, in lieu of the weaker than excpected CPI inflation data today. And the big wigs at the Bank Negara in all of their wisdom, outlaw fx trading by small investors. If one is not aware of fx movements, then one's investing'trading is welll behind the curve, are ou listening Zeti madam?

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20101027 Swissey 30 min chart, a chance to enter for those who missed out....

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20101027 1715 FKLI futures 30 min chart, regional weakness brings the futures down below support.

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20101027 Fcpo futures covered the gap from Monday's move.(15 min)

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20101027 1202 FKLI futures 30 min... Regional markets correcting. Watching the 1501-1502 level.

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1 min fcpo.

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20101027 0913 FKLI futures 30 min chart. Vindicated bullish view on the closing yesterday...

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20101027 0826 Swissey 4 hr chart, overnight spike in the US dollar.....

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Tuesday, October 26, 2010

20101026 4 hr usdchf, is the trend tturning?

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20101026 1929 Cable is the one travelling on uptrend today...

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20101026 1715 FKLI futures 30 min chart, got going after breaking trendline, but reversal equally fierce..... looking bullish going forward.

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fcpo 1 min & 60 min

Divergence on the 60m.....

20101026 1445 After the non follow through yesterday, eur and gbp brekas out on the 15 min chart.

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20101026 1049 Fcpo futures 1 min chart...

20101026 0919 FKLI futures 30 min chart... breaking the uptrend line? USDCHF 4 hr chart, uptrend on this timeframe still intact.

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Monday, October 25, 2010

20101025 1715 FKLI futures 30 min chart, closes below the uptrendline.

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20101024 1623 Euro and cable 15 min charts...

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20101025 1540 Usdchf 4hr, pulls back to support area.... possibly to long.

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20101025 1144 Fcpo futures, moves up as high as 3075...

20101025 1112 Fcpo futures, pullback to 3056 provided the opportunity....

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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