Thursday, December 30, 2010

20101230 FKLI futures Jan 10 futures, eases on the negative sentiment of the mrcb-ijmland ocn job...

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A small dent in sentiment?

MRCB-IJM Land deal was aborted, which could affect stock market sentiment somewhat. You just have to wonder, whether scheme of arrangement type deals of this nature or 'akan datang'(coming soon) is a scheme to enable insiders to load up beforehand then dispose on announcing the scheme of arrangement. How very convenient to sell stock at higher prices as the public rushes in to buy on the news release.

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Malaysia lifted the AFF Suzuki Cup last night, losing to Indonesia 2-1, but wining the two leg final 4-2 on aggregate. Heroes on the night were goalkeeper Khairul Fahmi, who saved a 15min penalty, and Safee Sali, who slammed in a left foot shot in the 2nd half, in classic counter attacking football. Just like the Greeks in 2004 Euro Championship win, Malaysia has refined the art of resolute defence and counter attacking football, kudos to the coach Rajagopal. What is interesting is the average age of the team is 23, with the backline 4 20.

The PM has declared tomorrow a public holiday, so today is settlement for FKLI futures.

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Wednesday, December 29, 2010

20101229 FCPO futures, stay on the right side of the moving average today.... Actually yesterday, my fellow trader told me "don't short this market" when I alluded to the divergence on the daily chart.Basically that is just expressing an opinion and talk kok, nobody knows what is going to happen. The hypocrisyof it is that this same trader went short at today's opening...moral of the story,a trader's opinion is not to be believed....

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20101229 With the huge divergence on dhe daily chart in mind, one would do well to short the ening of fcpo futures......

Tuesday, December 28, 2010

20101228 FKLI futures 30 min, support line held 3 times.... leads to one of the holiday period spikes.

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Monday, December 27, 2010

20101227 FCPO futures daily, divergence? At the very least one would pare back long positions on the way up...

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20101227 FKLI futures 30 min, a support trendline forms....

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Saturday, December 25, 2010



Back from a few days 'fishing' in Guangzhou, China... thanks, Jesse.

Friday, December 17, 2010

20101217 FCPO futures 30 min.... has been 3 days or so since the 'weather' concerns drove up the price to high levels, today the low of 3471 hit. It was a massive stop order.

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20101217 Divergence is a counter trend play, but as Dr Alexander Elder says "the most powerful signal in Tech Analysis".

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20101217 FKLI futures 30 min formed another divergence.... If the most powerful signal in TA (divergence) doesn't play out then the contrary signal, the Hound of the Baskerville signal comes into play...

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20101217 Soybean Oil futures, downtrend, note the spike down this morning into the lows....

Thursday, December 16, 2010

20101216 1715 FKLI futures 30 min chart, a divergence buy signal on the last candle. Let's see what happens tomorrow...

"There is a time to be long, a time to be short and a time to go fishing" Jesse Livermore.

20101216 FKLI futures on 30 min, target is reached for the triangle breakout...

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20101216 Soybean Oil futures..... on downward track since the trendline break....

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20101215 Soybean futures turns around and rallies on opening of US session.

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Wednesday, December 15, 2010

20101215 Soybean Oil futures, the top of the market coincided with weather concerns two days ago, where frost was supposed to affect the winter wheat crop. Well, supposedly.... Everytime when supply is supposed to be low and demand the greatest, that is usually the high print. Could be a reason is that this time the frost news was concocted. Now we have a bearish break of the uptrend line.

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20101215 FCPO futures (30 min chart), price hits below 3620...

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20101215 Price projection for triangle break pattern....

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The edible oils market

Soybean Oil futures, the market is so thin that it is easily manipulated in non US trading hours.... they use it to manipulate the FCPO futures price up and down...

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20101215 FKLI futures breaks out of the triangle in the 30 min timeframe...

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20101215 FKLI futures 30 min is in a large triangle formation, poised to move?

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Tuesday, December 14, 2010

20101214 Swissey 4 hr, downtrend continues.

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20101214 FCPO futures..... plunges in afternoon trade. So much for 'weather' concerns... As WD Gann says, Never in history has there been such great demand that there is no supply left in the world of any commodity. Poignant words.

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20101214 As it stands, FCPO futures 30 min chart is forming a reversal pattern...

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20101214 1509-10 level is the crucial support for FKLI futures on the 30 min chart...

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Monday, December 13, 2010

20101213 Swisey 4 hr chart, the 2 consecutive lower 20 bar lows meant this pair has been in a downtrend for many days now...

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20101213 Since the H&S break of the trendline, 1510 remains strong as the support for FKLI futures on the 30 min timeframe...

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Sunday, December 12, 2010

Man City go joint top of EPL




Albeit temporarily, City joined Arsenal on top of the EPL, after beating West Ham United 3-1.

There were reports that Carlos Tevez has handed a transfer request, but with David Silva and Yaya Toure firing, no player is indispensable.

Saturday, December 11, 2010

20101210 Soybean Oil futures 30 min, breaks and puls back above the trendline support, can it hold?

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Friday, December 10, 2010

20101210 1715 FKLI futures 30 min, textbook H&S pattern, but the trigger was on the last tick of the day.... such is the lack or participation in this market.

20101210 1715 Whenever a blatant manipulation of the FBM KLCI happens, it is worth capturing....

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20101210 FKLI futures 30 min, H&S formation?

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20101210 Soybean Oil futures 30 min chart, a line of support forms...

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Thursday, December 09, 2010

20101209 FKLI futures 30 min..... into new highs for the last 2 weeks.

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20101209 FKLI futures 30 min, looking to be on uptrend...

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Wednesday, December 08, 2010

So what's new....

Nothing really.... The 'Fat Cat' bankers on Wall street rorted the system, creating the sub prime mess and loss of trillions to ordinary man in the street. They were conveniently 'bailed out' by Bernanke and Co. Now this Muni bond scandal,which they are settling with profits made from the free money provided by the Fed. And those fat cats already took their million dollar bonuses and are driving their Maseratis to their million dollar mansions.... Human nature, it remains the same.

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20101208 Cable reaches to as high as 1.5813......

20101208 Cable 5 min, Longs indicated at 1.5790 break, stop 1.5765.

20101208 The last 45 mins in fcpo trading was like standing at the roulette table...

20101208 Crude Oil futures 30 min.... crossed into bear territory on 30min.

20101208 30 min FKLI futures uptrendline broke, with a retest and move into lows of  the day in the afternoon session...

20101208 FCPO futures continued the downtrend in the afternoon with a gap down and sell off, rebounds back....

Such is life...

The highest earning sportswoman, earning US24.5 million in the Top 10 list, was Maria Sharapova. Ranking in the world is so so only, no grand slam titles in recent memory. The looks didi it, $ comes from endorsements...

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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