Tuesday, November 30, 2010

20101130 A 60 min view of the FKLI futures.... Thi 4th Dec Professional Futures Traders day should give some insight...

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Monday, November 29, 2010

20101129 Rally in FCPO and Soybean Oil (30 min), as the Reuters says, "...triggered by Irish bailout...." Yeah, right.... and in the morning they were proclaiming, "Asian markets set to open with uncertainty over the wall of worry..(Korea tensions, European debt contagion blah blah)

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20101129 Wow, FKLI futures did well in climbing the 'Wall of worry'. When the media harps on these words that connotate doom and gloom, markets respond...

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First Test match: Ashes

The first Ashes test match ends in a high scoring draw.... England's Alistair cook had a man of the match performance, saving the English from the jaws of defeat.


Phillip Futures Professional Traders Day

4th December 2010 9:00am-6:30pm

Crowne Plaza Mutiara Hotel, Kuala Lumpur

Realise your trading opportunity with Phillip Futures! As a Malaysia leading internet trading service provider offering local and foreign futures products, we are devoted to organize a Professional Traders Workshop for you. Connect with Professional Traders to find out more on trading experience!

To register, please complete the attached registration form and fax or email back to us.

For event details, please visit www.poems.com.my or call us at +603-2162 1628 to find out more.

Warmest Regards

Phillip Futures Sdn Bhd

B-2-6 Megan Avenue II

23, Jalan Yap Kwan Seng

50450 Kuala Lumpur

Malaysia

Tel: +603 2711 0026

Fax: +603 2162 1678

Email: phillipfutures@poems.com.my



20101129 FKLI futures 30 min chart with break of a downtrend line this morning.... a big trading range is set now.

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Sunday, November 28, 2010

20101126 Swissey 4 hr, trend is going nicely, above parity now...

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Saturday, November 27, 2010

Boys or men, basically assholes

Sells accidently lobbed into N Korea waters (which is which territory they have no idea anyway) North retaliates with shelling of military targets on that desolate island, US and China playing God, basically a bunch of assholes, you hear this ASSHOLES...??

20101129 Damn idiotic behaviour again. They are playing the big Bad Wolf and Little Red Riding Hood: "I'll huf and puff until you r house falls over" They either are children or mentally retarded... since they are grown up men, they are the latter.

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Friday, November 26, 2010

20101126 Symmetry in markets, the faster it came up the faster it dropped... 30 min FKLI futures.

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20101126 FKLI futures 30 min forms a support trendline....

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20101126 Petronas Chemicals listed on the Main Board today, but the stock won't be in the index until next Monday. Anyway 20 min FKLI futures broke the resistance from the trendline yesterday.....

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Thursday, November 25, 2010


Phillip Futures Professional Traders Day

4th December 2010 9:00am-6:30pm

Crowne Plaza Mutiara Hotel, Kuala Lumpur

Realise your trading opportunity with Phillip Futures! As a Malaysia leading internet trading service provider offering local and foreign futures products, we are devoted to organize a Professional Traders Workshop for you. Connect with Professional Traders to find out more on trading experience!

To register, please complete the attached registration form and fax or email back to us.

For event details, please visit www.poems.com.my or call us at +603-2162 1628 to find out more.

Warmest Regards

Phillip Futures Sdn Bhd

B-2-6 Megan Avenue II

23, Jalan Yap Kwan Seng

50450 Kuala Lumpur

Malaysia

Tel: +603 2711 0026

Fax: +603 2162 1678

Email: phillipfutures@poems.com.my



20101125 FKLI futures 5 min, closes on the high. Our Swissey 4 hr chart, peeks above parity...

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20101125 FKLI futures 30 min chart....at the crossroads and resistance....

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Wednesday, November 24, 2010

20101124 Eur futures rebounds off the most powerful signal in technical analysis, divergence....

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Gambling, trading, Investing?

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Basically it is like gambling at the craps table

20101124 FCPO futures is trading in a wide range, jumping 10 tocks at a time at certain stages.... Trendless, only the gambler locals are trading.

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20101124 FKLI futures 30 min, a nice rebound from the capitulation on the opening.

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20101124 After the last triangle break,FKLI breaks, on so called North South Korea artillery engagement...

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Tuesday, November 23, 2010

20101123 Eur futures 30 min a couple of hours later....

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20101123 EUR futures 30 min chart, nice trendline break.

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Monday, November 22, 2010

20101122 When markets seem irrational, you are missing something.FCPO sutures, which way is the trend.... Export data was bullish today, highest for the year.

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This will help you understand QE2

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20101122 Triangles galore on 30 min FKLI futures...

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The Tradition continues...






Mobile Telcos have been misleading consumers in Malaysia for as long as the first analob mobile phones came onto the market more than a decade ago.

Yes Network so called 4G service was launched amid great fanfare last Friday.(19 Nov 2010) I got excited at the thought of getting a mobile internet service that was high speed and with low latency, one that a trader should have.... But alas, the tradition continued... I agree with this reviewer.(Yes Ar? I don't think so la) Go ahead and read the very candid assestment of this 4G service.

I got some points to add:

1 4G is nothing new, in fact it is not any new form of technology but marketing hype. I can remember years ago Izzy.net touted their iburst broadband service as 4G and the product flunked out.

2 At RM30 or thereabouts per 1Gb)noting that Yes is a 'pay as you use') service another tradition continues of Malaysian telcos selling bandwidth data at exorbitant 'highest in the world' rates.

3 I was told by a marketing rep at the lot 10 Yes showcase event, that there is no monthly commitment or contract, but then now it comes to light there is RM30 minimum spend amountt. Hopefully RM30 can carry forward indefinitely if the service is not used for that month.(YTL please confirm this) If Yes made the minimum topup RM5 or RM10 or somewhere in between, then the service would take off I think. You need to get the users aboard and once they use the service and find good quality, the $ from extra topups will roll in... I just read this blogger's post, on the misleading and deceptive' advertising perpetrated by Yes, and yes the Yes 4G is no different to any other Malaysian Telco's prepaid services. And the Tradition continues...

4 The 4G phone will be 'available' next month, which begs the question of why have the launch when the product line up is not complete...

Then the traders will live happily after and say 'Yes'...... And the YTL Power price action will tell the story... The company spent RM2.5 billion on this 'breakthrough' 4G, my guess... dive dive dive!

Check out another rave review of Yes.

20101122 The reviews on Yes network are coming in, love the power of the internet.

Isn't the internet the great consumer advocate. Check out another critique of the subject matter. Nowadays the internet is the great equalizer and when you come out with what you perceive as an outstanding revolutionary world changing product, you had better make sure it is one that is 'fit for purpose' and of 'merchantable quality'. Yes or No....?



Wow, here is a review that is positive... bear in mind this guy was at the launching.

It seems the bad reviews are from those free riders/hoggers/heavy downloaders of illegal stuff, who hog all the bandwidth of other telcos' broadband services.(the 10% of users who utilise 80% of the bandwidth) causing intermittent connection, and congestion in broadband networks eg streamyx and maxis. Traders might enjoy Yes, if the good reviews are to be believed, with 3-4 Mbps speeds, and because it is pay for what you use, those bandwidth downloader hoggers won't clog up this network.



20101124 One of the traders here signed up for Yes and got the Huffle device. I just tried it out ... On pinging the IB server in Hong Kong, the average response time was about 220 ms, compared to the office 5Mbps fixed sdsl line which gives average ping of 90ms. Speedtest on Yes connection shows 3.84 Mbps. This from the 8th floor of the office in CBD KL. Slight difference ie a bit slow on ping times, but since this network is 'pay as you use', those free riding downloaders won't clog up the network, it might be good for traders.

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Saturday, November 20, 2010

Fwd: Phillip Futures Professional Traders Day, 4 Dec 2010


Phillip Futures Professional Traders Day

4th  December 2010   9:00am-6:30pm

Crowne Plaza Mutiara Hotel, Kuala Lumpur

 

Realise your trading opportunity with Phillip Futures! As a Malaysia leading internet trading service provider offering local and foreign futures products, we are devoted to organize a Professional Traders Workshop for you. Connect with Professional Traders to find out more on trading experience!

 

 

 

 

 

 

 

To register, please complete the attached registration form and fax or email back to us.

 

For event details, please visit www.poems.com.my or call us at +603-2162 1628 to find out more.

 

 

Warmest Regards

 

Phillip Futures Sdn Bhd

B-2-6 Megan Avenue II

23, Jalan Yap Kwan Seng

50450 Kuala Lumpur

Malaysia

 

Tel: +603 2711 0026

Fax: +603 2162 1678

Email: phillipfutures@poems.com.my

 




Friday, November 19, 2010

20101119 Trading is like being a predator. The leopard will wait patiently in the long grass for its prey, and pounce when the time is right. Jesse Livermore was down and almost out, and waited patiently for 6 weeks to trade a stock tat was breaking 100.... and he made his 'stake' thanks to the patience.

Eur futures 24 tick chart breaks out for the scalp. We stayed sidelined until about 10 mins ago, entering on break of 1.3660...

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20101119 1715 FKLI futures 30 min reaches beyond the triangle projection...

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20111119 Seems to be many swings in fcpo futures... akin to gambling.

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20101119 FKLI futures target projection of 1502 met, albeit with the gap.

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20101118 A smooth market to trade, er futures more mellow than fcpo....

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Thursday, November 18, 2010

20101118 Euro futures 24 tick downtrend...

Gambling v Trading




20101118 Is there a difference? Tick charts of FCPO futures, Euro futures and gbpusd (fx) for this afternoon. Basically these are casinos... Third month Feb FCPO traed 24K+ contracts today, which I think is a record for single month.... talk about gambling...

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20101118 FCPO punches through the resistance and bounces off the new support level.

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20101118 FCPO 15 min.... coming up to resistance area.

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20101118 Triangle breakout projection for FkLI futures 30 min sees a target level of 1502.

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20101118 FCPO futures 'per change' chart.... a couple of nice trends.

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20101118 FKLI futures 30 min goes sideways, if the low takes out at 1479..... watching that level.

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Wednesday, November 17, 2010

Another lesson from WD Gann.... itjust happened to cpo

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Tuesday, November 16, 2010

20101116 WD Gann words on market tops were uttered 50 years ago.... FKLI and FCPO futures 15 min chart, seems to be on downtrend now.... So much for 'shortages' 'floods' 'La Nina'..... Basically all news need to be 'in one ear out the other'.

OK, did the registration for the Phillip futures event. Should be interesting to hear those Locals, expecially LED.


"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