20110630 FCPO futures backs off resistance....

20110630 FCPO futures 15 min. Some stops triggered to 2132...

Federer out of Wimbledon

Just like Mohammed Ali said, "I float like a butterfly, sting like a bee", Jo Wilfred Tsonga said "I serve like lightning, hit forehands like thunder" to 6 time champion Roger Federer in the quarter finals at Wimbledon 2011. An amazing comeback from 2 sets down to win in 5, "Ale, Ale, Ale"

20110629 So the speculators and Wilma (big boys) dog piled into shorts at the lows of the previous 2 days, who bought?

Algo gone mad

20110628 FCPO futures last min madness continues. Seems like the algorithmic trading programs run amok.... Trading at 3070, the price can spike down to 3048 and close at 3063. One of these days there will be a mother of all price spikes....

20110628 After yesterday's last min sell order for 1300 contracts, FCPOfutures gaps up at 3077 today.... It seems the seller was Wilma, one of the big boys in the cpo cartel. The thing is this, the whole market 'knows' that Wilma was the big seller. Makes you wonder whether the big boys want the public to know they sold...??

Maria Sharapova is through, but the story of this year are the wildcard Sabine Lisicky and qualifier 19 year old Bernard Tomic, who are both in the quarters...

20110628 FKLI futures 30 min triangle forms again...

20110627 FCPO futures 15 min. A large sell order creates the ugly candle, illustrates the need for discipline in trading the last minute in this illiquid market. My fellow trader here says best not to trade at all.... There are multiple unfilled gaps upside.

20110627 FKLI futures 2 min, limping to the close. When there is apathy and lack of interest by traders, the big move coming soon?

20110627 FCPO futures 15 min, looking like another gap down in the afternoon session.... two gap situation...

Wimbledon 2011

Maria Sharapova will meet China's Peng Shuai in the round of 16.... With Li Na out, Peng carries China's hopes.

20110627 30 min FKLI futures, at crucial support....

20110627 FKLI futures 2 min, looking south?

912 amJuly FKLI looks to be bullish though...

Discipline, discipline, discipline. Lose this and we could be like these two.... lost it all and down and out. Nick Leeson (Barings) and Jerome Kerviel (Soc Gen), oh and they exhibited the 'cocky' trait and thought they were the 'elite 5%' of traders. There was also the fkli trader, who made RM3m form almost nothing in 2 years, then lost it all in 6 months....

One must always keep in mind, "We are one trade away from joining the exclusive club above of world's worst traders"

Next season, the words GENTING will adorn the Aston Villa EPL jerseys at Villa Park...

20110624 FKLI futures 30 min, a triangle forms?

20110623 15 min FCPO futures.... still ended up down despite the small rally to fill the gap.

20110623 FCPO futures (15 min) 15 min gaps down, a prime example on how one should try not try to hold positions overnight against the ma cross....

20110622 FCPO futures 15 min, a nice downtrend in afternoon session...

20110622 FKLI futures 30 min, opens at 1569..... Uptrend continues.

20110621 There was such fear ad trepidation last week on the apocalypse (as the analysts put it) of the Greek default that most panicked and sold or shorted everything in their possession. 5 min NQ futures rallies 31 points right now, so I guess it's Greek tragedy no more....

20110621 In the Business Times website, the article says,

Analysts clueless as bearish sentiment not over yet

Basically the KLCI is undergoing 'window dressing', I think, which is why the market is not going down on bearish sentiment.... cofounding hte analysts.

20110621 30 min FCPO futures. Following on from the bulish daily candle (last Friday), at least one wouldn't have done any heavy shorting. The cofirmation was when I spoke to two top traders from the firm (locals) this lunchtime, both of which were extremely BEARISH, citing targets of 2800 and 3070 for fcpo.... When everybody is short, who is going to sell further?

20110621 FKLI futures 30 min, rewards those who kept with the 30 min trend...

20110620 FCPO futures .... a bullish candlestick on the dialy.

20110620 FKLI futures 30 min, on the uptrend...

Rory McIlroy of Northern Ireland became the youngest champion of the US Open golf in 88 years. He blitzed the field to win by 8 shots with a 17 under par score. Well done.

This weekend.... US Open golf, Martin Kaymer, Luke Donald and Lee West & co will be teeing it off in one of the golf majors.... A good father's day weekend to all!

20110617 2 min FKLI scalps to long side...

20110617 15 min FCPO & FKLI

Greek debt default, fears of another Lehman style crisis

The markets are made of humans, they seem to think that 20,000 Greeks protesting in the streets of Athens are representative of the population 11.3 million in Greece. That is they way it goes, the market participants are basically majority over emotional. Hence 95% of them lose in the markets.

20110616 FKLI futures 2 min...

Game II: State of Origin

It's that time of year again.... NSW beat Queensland 18-8 to set up the decider game III at Suncorp stadium on July 6...

20110615 FKLI futures inv H&S, at least some follow through...

20110615 FKLI futures 30 min.... inv H&S?

20110614 Jack D Schwager (author of Market Wizards) once said if there is a market with 1000 traders, the top 5% will take money from the 95%. If you put those traders 50 of them into the market trading against each other, the statistic of only 5% winners will be repeated. The FCPO futures 2 min chart today.... is like 'you take my $, I take it back' traders killing each other.... At least the traders seem to enjoy their time at the Roulette table...

20110614 FKLI futures 2 min....