Friday, September 30, 2011


Apart form the finalisation of the Rugby World Cup finalists, this weekend sees the AFL (Collingwood Magpies v Geelong Cats) and in the NRL Grand Final, Manly Sea Eables v New Zealand Warriors.

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20110930 Settlement day for September FKLI futures....

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Thursday, September 29, 2011

20110929 FKLI futures 30 min.... on Monday it seemed like it was the end of the world. It wasn't! Todays move out of the 1343-1370 range was the signal to long....

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20110929 HL Bank rights ceased trading today.... paving the way for the rally...

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20110929 Well doomsday headlines like this sees the equity markets, KLCI, Dax and CAC UP...

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20110929 FCPO futures 2896 afternoon high....

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20110929 FKLI futures 10 tick, trending up....

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20110929 FCPO futures 30 min, trend in this timeframe down, but the previous low 2857 provided the support this morning for the long scalp..

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20110929 FKLI futures 30 min..... trapped between 1370 and 1345.

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Tuesday, September 27, 2011

20110927 ES futures 30 min, .... a 3 day rally, and yet the institutional idiocy in selling down the Asian markets yesterday. When the market seems irrational, they are missing something, as today the trend up continues so far.

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20110927 Fkli futures 2 min, so yesterday's market movement was the 'kaputulasi' scenario, the 'sell and get me out at all costs' and 'it's damn bearish, KLCI looks like going to 800'.

"Greed is the fundamental cause of defeat" Sun Tzu.

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20110927 FKLI futures 30 min, nice symmetry in the rebound today. In the Sun today, headline says "Analysts, selldown not over"

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20110927 emini S&P500 futures.... when it seemed like the end of the world, it wasn't .....yet.

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Monday, September 26, 2011

20110926 One of the traders here uttered the speculator's lament this afternoon, "Aiya, the market is dead and the bear is here to stay, but why the price keeps going up...?" The 2 min FKLI futures chart very clearly shows the rebound in prices this afternoon from 1295 to 1331, over 30 index points....

"When it seems like the end of the world, it ain't..." emacro
"When the market seems irrational, you are missing something" George Kleinman

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20110926 FKLI futures 30 min, parabolic move down.....

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Sunday, September 25, 2011

With the






All Blacks vistory over France, the World Cup is now a Northern v Southern hemisphere affair, with NZ, South Africa and Australia in one half of the draw, and England, Ireland, France etc in the other half...

In the NRL, a couple of shocks as NZ Warriors beat the Melbourne Storm, and Manly defeating Brisbane.

A plethora of other notable sports events:
Mark Cavendish, the sprint king became the first British to win the World Road Racing Championships since 2965.
Solheim Cup golf. European ladies retain the cup 15-13.
English Premier League, Man Utd dropped points by drawing 1-1 with Sunderland, while their rivals won.

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Friday, September 23, 2011


20110923 90 mins after the US equity session opening. While the doomsdayers are still debating on how the world financial system will collapse (rendering their profits worthless as the system kaputts), the astute trader can hop out of the nq and es futures longs at some profit... Sun Tzu says, "To win without fighting is best".

"When it seems like it is the End of the World, it is not" emacro

Why would a sane person want the financial system to collapse anyway? The whole fabric of society as we know it will change for the worse. This last week idiots like Le Garde (IMF), Mohd El Arian (PIMPCO, they better stick with the prostitution business), the Federal Reserve join the ones calling for the system collapse... must have shorted heavily.

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20110923 While the 'speculators' were lamenting/lauding the 'end of the world', the astute trader can long nq futures from 2164 and ES futures from 1117....

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20110923 ES is trading at crucial 1120 level. Anyway, news agencies are trumpeting "The End of the World", just look at a sampling from Bloomberg mobile headlines... Don't know if the "If it seems like the end of the world, it ain't" will work out this time.... Let's see what happens.

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20110923 FCPO 5 min, the 'two gaps' long trade...

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20110923 FKLI futures daily, a brutal week....but closes at premium to cash FBM KLCI...

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20110923 FCPO 5 min, there is not likely trend sustainability on 2 gaps, hence the long bias... A good trade first up after coming back for this afternoon's session.

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20110923 5 min fcpo futures, two unfilled gaps, long??

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Thursday, September 22, 2011




Well, the Republicans and Democrats are at it again, fighting like dogs, so the US governemtn may shutdown without the funding bill. They caused the markets to tank again.... The US citizens should vote them all out and vote an independent candidate as President.

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20110922 ES futures 30 min, distinct downtrend....

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20110922 FKLI futures 30 min.... new lows...

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20110922 HSI futures broke out to the downside...

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20110922 HSI futures, congestion.... might be buy on breakout or sell on breakdown....

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Wednesday, September 21, 2011



FOMC meeting Agenda: To Twist or not to Twist.

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20110921 FKLI futures 30 min.... trades as high as 1419...

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Tuesday, September 20, 2011

20110920 Like stars in our universe, stars in the stock markets shine brightly in their glory, then turn ito the red giant star.... in the end there is only one fate, they wither away and turn into a white dwarf star. Netflix, a 'former' high flyer...

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20110920 S&P cuts Italy credit rating. They just passed an austerity package, now they cut the rating in early hours of Asian trading. Basically underlies the fact that S&P are a bunch of assholes, expressing stupid untimely opinions and working for the syndicates.

These are the same ratings agencies who gave AAA rating to the CDO (Collaterised Debt Obligations) that were the root cause of the GFC, and the loss of many investors' funds as the CDO ended up worthless...

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2011092 FKLI futures 2 min...

As Sun Tzu says, "To win without fighting is best."

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20110920 With 30 min divergence, the mindset was not to short into the lows. Concentrating on longs proved fruitful.... 2 min fkli futures.

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20110920 FKLI futures 30 min. Divergence? We'll see...

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Monday, September 19, 2011

UBS rogue trader's loss now US2.3 billion

 
'UBS said the loss-making positions were built up in index futures on the S&P 500, Germany's Dax, and the Euro Stoxx.

These indices have fallen heavily in the last two months as world markets dropped on fears over European and US economic growth.'

ho made that US2.3 billion? Definitely not Bursamalaysia futures traders, our open interest and volumes are small compared to those markets...

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20110919 FKLI futures 30 min, a very nice trend down since the gap through the 1455 level...

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16 years old Lexi Thompson, youngest winner of an LPGA golf tournament....

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Sunday, September 18, 2011

Playing for the Brisbane Broncos, Darren Lockyer kicked a 'golden point' field goal to beat St George Illawara and move on in the NRL Finals. What is more remarkable is he kept on playing despite a fractured cheek bone, after a collision with a teamate's knee.... Lockyer, the Queensland and Broncos legend is in his last season.... and is debatable if he can get up next week to play v Manly Warringah Sea Eagles... A tough sport, or a brutal one?

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Saturday, September 17, 2011




Will be a chock a block weekend of sport. S Africa v Fini now in the rugby World Cup. Wallabies v Ireland (ouch! Ireland upset the Wallabies 15-9) later..... The Swans bowed out of the AFL finals, and West Coast vying to be the only non Melbourne team to progress v Carlton later (The Eagles continue on in the finals)... and as usual, go City in the EPL.

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Friday, September 16, 2011

20110916 ES futures.... bounces off support o the 30 mi.....

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Rule no 12 from 'The Tao of Poker'

Rule 12: If you find that playing poker is thrilling, adventurous, and
exciting, there's a good chance you may be playing it wrong.


One little- mentioned aspect of poker is that, when played correctly, it can be
slightly boring. Not boring in the usual sense of the word, but in the choice
of one's responses. These responses are pretty scripted. You get a certain
hand, you do a certain thing. Stray too far outside this predictable <<script>>
and the odds will tum against you. For this reason, if the game is
adventurous, chancy, and exciting, you may be playing it wrong. It's when
the game has a certain dreary predictability that you are beginning to play it
correctly.
Poker is fun; winning at poker can sometimes be rather tedious.

<In everything the middie course is best; ah' things in excess bring troubie». Platus


Substitute the word Poker with Trading

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Thursday, September 15, 2011

Negligence, bank talent

the stupid people running the big banks/financial institutions always say they need to remunerate in high pay/bonuses to 'retain talent'. This sounds BS now, as the 'talent' they retain miss such rogue traders' actions as the one today that UBS announced a US2bn loss on an unauthorised trade. If they are so talented to justify the high pay/bouses, how can they miss an unauthorised trade and let it run to 2 billion buckeroos of losses. Sack them, there are plenty of unemployed talent who are willing to work for less.

Meanwhile, words can move markets, the risk trade is back on today, sell gold, buy equities, sell US dollars:

"The ECB said it coordinated with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank to extend three-month loans to euro-area banks in an effort to ensure they have enough cash for the rest of the year. The announcement added to optimism that policy makers were containing the European sovereign debt crisis after the leaders of France and Germany yesterday confirmed they will support Greece’s continued participation in the shared euro currency. "

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20110915 PM Najib anounced the ISA and a few outdated statuetes to be repealed. So I asked my trader friend of impact on the market. The reply was 'nothing to excite the market'.

A few comments:
1 In any market participation, leave excitement at the door. Look at objective technical indications for market direction
2 We better hope the world financial and fiat money system holds and NEVER collapse. If it does any profits from markets either on the bull or bear side, will be worth only the deposit insurance from the govt, the rest only fit to use as hell money. Oh and if you buy physical gold or have bought, better get some weapon to defend it.

20110915 As we end the week, FKLI futures daily is a 'telling chart', hanging on by the finger nails....

20110915 FKLI futures 30 min, 1446 resistance...


"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