Monday, January 31, 2011

20110131 On the 30 min chart, FCPO futures is on a breakout to the upside from the triangle pattern...

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20110131 FKLI Jan futures closed and settle around 1516.5., a nice recovery from the ugly opening this morning.

The opening looked scary, expectations were for indiscriminate selling due to fear, but the FBzM KLCI staged a rebound rally from the lows. As Larry Williams put it, markets go through cycles of Yin and Yang. When everything was Yang (full on bear) somehow womewhere buyers will emerby to balance it out with some Yin....

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20110131 5 min FKLI futures... The bounce from the lower bollinger band provided the opportunity for the long trade. Trading is having an idea eg to go long on big gap down today, but using the charts and TA to enter the position...

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Sunday, January 30, 2011

Japan 1-0 Australia







Missed chances cost the Soccerros dearly, as Japan's Tadanari Lee (who has Korean descent) scored in the 109th minute in extra time, as Japan lifted their 4th Asia Cup trophy. The goal was spectacular demonstration of tecnical skil, a first time volley from a left wing cross, worthy of winning the Asia Cup final.

As in trading,you don't win them all. Australia came into the final undefeated, having scored 13 goals and conceded just one. Losing is also a fact in football, one just needs to deal with them. To trade and be successful then, one must 'learn to ose money first before going hell bent to win.' In other words, learn to take stop losses....

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Saturday, January 29, 2011

Li Na was the first Asian and Chinese individual to get into the final of one of tennis' Grand Slam tournaments, but it was Kim Cijesters prevailed in 3 sets of great tennis 3-6 6-3 6-3..... It is also Kim's first Australian Open title. Tomorrow will it be Britain's first individual Grand Slam tournament winner since 1934? Andy Murray will square off against Novak Djokovic, the 20008 Australian Open champion in the men's singles final.




20110130 Djokovic wins Australian Open men's singles title, and the Britons wait ....

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Australian Open Women's singles Final

Today at 4 pm (GMT+8) Kim Cjesters v Li Na in the final....

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Friday, January 28, 2011

20110128 Stepping back and taking a look at the daily FKLI futures chart....

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20110128 Failing to look at the 30 min chart, FKLI futures traders might hadpossible 2 way trade at the 1525 area.... shorts won in the end.

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Thursday, January 27, 2011

20110127 Let's see how these simultaneous breakouts on the 30 min Euro and Gbp charts.

Last chance for the Golden Generation

Good luck to them as tey take on Japan this weekend in the final of the AFC Asian Cup 2011. Hopefully they willlift the cup...

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20110127 FKLI futures 30 min.... closed near the lows...

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20110127 On a swing trade basis, 2689 was the sell price trigger for FCPO futures...

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Li Na through to the Australian Open final, taking the semi final 2 sets to 1 v world no 1 Caroline Wozniacki

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20110127 FKLI futures 30 min chart.... on an upward trajectory since the close above the trendline yesterday at 1520....

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Wednesday, January 26, 2011

Australia 6-0 Uzbekistan

On Australia Day, the Socceroos deafeated Uzbekistan 6-0 to move into the final of the 2011 AFC Asian Cup. Well done! Now, on to the final v Jaapan, who defeated Korea Republic on penalties 3-0 after it was tied up at 2-2 with extra time.

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20100126 FKLI futures, stop triggered below 1510........ The SGX locals refer to these type of price movement as "yum trades"

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Tuesday, January 25, 2011

China's Li Na beat Germany's Andrea Petkovic to reach the semi finals of the women's singles at the Australian Oen tennis.

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20110125 FKLI futures 30 min divergence failure, turns into a "Hound of the Baskerville" sell when price broke 1535....

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20110125 Daily FKLI futures, a shellacking again. Those long taking the big risks would have done well to get out this morning...

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20110125 FKLI futures 30 min.... divergence play soon?

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20110125 FKLI futures 30 min broke the trendline at the close yesterday, gaps up today rewarding the risk takers who took longs....

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20110124 Dow Jones Ind Average 30 min.... bucking the trend of the Nasdaq. Which is the leader?

Monday, January 24, 2011

20110124 FKLI futures 30 min trendline resistance. Needs to get above that level to gain more momrntum....

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20110124 A sea of green across regional bourses, FKLI futures is down..... might be time to look for levels to long?

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Sunday, January 23, 2011

20110122 30 min charts of cash FBM KLCI and FKI futures for the intermedate term.

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Australia 1-0 Iraq



Into the semi final of the 2011 AFC Asicn Cup

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Saturday, January 22, 2011

Japan 3-2 Qatar

New star Shinji Kagawa scored 2 goals and set up another, in the 3-2 win over hosts Qatar, as Japan moves into the 2011 Asian Cup semi finals. Kagawa looks the part, which is why Man Utd is showing interest to sign him from Dortmund.

In the other match Uzbekistan defeated Jordan 2-1.

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Friday, January 21, 2011

20110121 FKLI futures 30 min chart, the moving average shows the money flow....

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20110121 30 min S&P500 cash index. If Bursa does launch its own emini s&p500 futures, there should be more opportunities...

20110121 FCPO futures today, 5 min path of least resistance was up...

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Thursday, January 20, 2011

Australian Open tennis

The youngest player in the men's draw at 18 years old, rising Aussie star Bernard Tomic sets up third-round showdown with No.1 seed Rafael Nadal after beating No.31 seed Feliciano Lopez in straight sets Looka s good player, with a cool head and calm style on court.



Former women's world No. 1 Jelena Jankovic failed to reach the third round at the first Grand Slam of the season here on Thursday by losing to China's unseeded Peng Shuai in straight sets.

The 25-year-old Serbian, seventh seed of the women's singles, became the highest-ranked woman to be out of the top 32.

Leading 6-1 in seven previous matches against her opponent, Jankovic was toppled 7-6 (3), 6-3 in one hour and 50 minutes, equalling her earliest finishes in the nine appearances at the Melbourne Park and recording the earliest one since 2007.

Wednesday, January 19, 2011

20110119 FKLI futures 30 min.... the trend (blue 20 ema) has been down for many bars now...

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Australia 1-0 Bahrain





A first alf 25 yard shot from Mile Jedinak (Jedi) was enough to see the Socceroos into the quarter finals of the 2011 Asian Cup, finishing top of Group C ahead of Korea Republic who could only manage a 4-1 win against India, on superior goal difference.

Tuesday, January 18, 2011



Was just told that the Bursamalaysia Derivatives are planning to launch a few new ocntracts, Gold, Crude Oil, Silver and emini S&P500 futures, denominated in Ringgit. Watch this apace for details.... look at the 30 min charts.

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20110118 SP Setia, 30 min chart, a case of 'gamble on rumour, sell on news'. 595 counters on downside today, a case of 'Everybody buy, who is left to buy'.

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20110118 FCPO futures 30 min, hits the new low in the morning, still looking weak. So it seems the manipulation to push back up yesterday at the closing was botched...

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Monday, January 17, 2011

20110117 5 min fcpo futures. 2 out of 2 today, on the sell down then the manipulation back up.(for the holiday)

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20110117 CPO futures..... the 5 min mov avg points down, so not much value to long this afternoon. 30 min trend down establishes itself, for the moment.

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20110117 CPO futures, seems to be down? On the 30 min basis... Well err, tonight is a US holiday, the birthday of Martin Luther King... could be the manipulator syndicates will come and fry the cpo price up though...

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Man City 4-3 Wolverhampton

Wow, Man City go top after a harrowing match, but Mr reliable Tevez saves the day!


"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