Thursday, March 31, 2011

20110331 5 min FKLI and FCPO futures edges up for the day.....

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20110331 5 min FKLI and FcPO futures, seems to be 'up'....

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It will be Sri Lanka v India in the ICC Cricket World Cup final, India beat Pakistan by 29 runs last night. Apparently Sachin Tendulkar the batting hero for India with 85 runs, after having been dropped by Pakistan 4 times!

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Wednesday, March 30, 2011

Germany 1-2 Australia




Friendly match, the Socceroos beat Germany for the first time. Blackpool's David Carney the goal scoring hero and Luke Wilkshire too ...

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20110330 FKLI futures 30 min...

20110330 MBSB, what can we say? Rocket ride...

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20110330 MBSB, if one didn't realise one would think it is a timber stock....

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Sri Lanka into the final of the World Cup cricket with tense win.

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Tuesday, March 29, 2011

Muttiah Muralitharan (the chucker), in the World Cup semi-final v NZ (Black Cats) takes a wicket in his very last over of international cricket in Sri Lanka. Murali finished with 2-42. What a career for Murali the great off spinner. The Black Cats collapsed to be all out for 217.

Malinga took 3 for 55, as the other standout bowler.

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20110329 FKLI futures 30 min, uptrend line is redrawn from this morning...

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20110329 FKLI futures 5 min, very obvious uptrend from 1515 onwards.... spikes to 1529.

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20110329 MBSB, every dog has its day....

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Monday, March 28, 2011

20110328 MBSB, fingers crossed for crossing of 2.00....

20110328 FKLI futures breaks the bottom of the 6 point box, basically at 1505.5 the objective is met...

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20110328 FKLI futures 30 min, forms a box... waiting for breakout either side.

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Saturday, March 26, 2011

20110326 Update on Dollar Swiss 15 min...

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ICC World Cup cricket uarter final, the Black Cats (New Zealand) pulled off a stunning upset over the Proteeas (South Africa who were the pre tournament favourites) defeating them by 49 runs. Patience and discipline in applying their craft of bowling and fielding enabled the kiwis to bowl out the Proteas for 172. Remarkable considering their own low total of 8/221. Seam bowlers Oram and McCullum were the standout performers, taking 4 and 3 wickets respectively.

Patience and discipline.... it applies to successful trading as well.

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Friday, March 25, 2011

20110325 Dollar Swiss, opportunity to scale out...

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20110325 15 min Dollar Swiss, long or short swiss futures, take your pick...

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Aussies out of the World Cup. A great century by Ricky Ponting, set up a target of 261 to win and the strength and depth of the Indian batting line up proved too good for the defending World Cup champions.

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20110325 FKLI futures 30 min, still governed by the uptrend line...

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Thursday, March 24, 2011

20110324 FKLI futures is 'coiling the spring', not much interest today....fcpo reverses and comes back, looks like 3100 will have to wait.

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Cricket World Cup quarter final today, Australia v India. Ponting's Aussies have it all to do v the hosts India. LIVE streaming.

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RM3100 support for fcpo. Position talk or objective opinion....?? As traders, we must keep in mind Stanley Kroll's dogma, Do your own analysis, trade accordingly, if things turn out right, take the accolades, if things go awry, take the medicine....

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20110324 ZL and ZS (soybeans and soybean oil futures) down this morning... Analysis of the fcpo trade during the last 30 mins of trade yesterday might have shown the way on the selling pressure at that time...

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Wednesday, March 23, 2011

20110323 FKLI futures 30 min, still holding above its uptrending trendline....

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Held on to MBSB for quite a while, hoping (there is that word again) for more upside...

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20110323 FKLI futures 5 min seems to be on the up, while fcpo not so convincing yet.....

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Tuesday, March 22, 2011

Today's NQ futures rhythm, on the day after a trend day.

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Quote from Stanley Kroll, author of Professional Futures Trader book

If these quotations don't sound familiar, either you have just
started trading or you have a very short memory! These nearly
universal quotations express a nearly universal phenomenon-
thst is, we invariably find a convenient way to rationalize our
errors. mistakes, and miscalculations. May I suggest a sum-fire
antidote to this lomrs mentality?
Analyze your markets and lay out your strategy and tactical
moves in privacy. Don't ask anyone': advice—t.hst includes bro-
kerage advisories, market tips. and even well-intentioned floor
goaip. And don't offer your advice to anyone else. You don't care
if Cargill is buying com, Gill and Duffus is selling cocoa, or
Salomon is buying bonds. You stick to your objective analysis and
market projection based on whichever method or technique has
proven itself viable to you, and you revise that strategy only on
the basis of pragmatic and otflective technical evidence. Such
evidence oould be a signal from your charts. from your computer
system, or from your friend the margin clerk, who reminds you
that your position has moved adversely and that your account
has become undermargined. In short, if you do make money in
your trading. stand up and take the accolades. lf you lose money,
you alone take the rap. Obviously, you will need the confidence
and the courage of your convictions to trade into or out of a

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20110322 FLLI and FCPO 5 min, basically in 'downtrend' in this timeframe..

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20110323 FKLI futures 30 min, bounces off the 22 ema... is it still bullish to test higher levels?

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Monday, March 21, 2011

20110321 30 min & 2 min nQ futures.....

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20110321 FKLI futures 30 min, staying delineated along the latest uptrend line... MBSB, a strong stock given the 'weakness' recently by the rest of the market. It seems then the leadership stocks will be the laggards, simply because the previously speculated stocks have 'overhang' of stale bulls. than is provided the daily chart view is not of a technical rebound.....

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20110321 A little bit of movement was better than nothing for fkli...

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20110421 Eur daily and fkli futures 5 in.... bullish?

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Sunday, March 20, 2011

Sunderland 0-2 Liverpool

A great goal by Suarez, means Liverpool closes the gap to Spurs in the race for Euro spots next season.

When you look at richardson, Bardsley in the Suderland side, you can see why Man Utd are not up to Barceloa uaity and beautiful game. Barcelona lets its academy players have the chance to grow and blossom eg Messi, Inesta etc, while Man Utd always import whe they have the young talent showing promise, names like Rossi (Villareal) Pique (Barcelona and World Cup winner with Spain) Not to mention the two above, and then just sells them.

Phil Bardsley

Gerard Pique

Kieran Richardson


Giuseppi Rossi

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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