Monday, October 31, 2011

20111031 FKLI futures 30 min still above the uptrend line, which stands at 1465 now.

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20111031 Hopefully the dog of a stock, unisem, can breakout, now that it is back near the highs...

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20111031 FCPO futures gaps down, 2972 resistance now...

20111031 30 min Dollar Yen, intervention by the Bank of Japan....

Sunday, October 30, 2011




Bo Van Pelt picked u the title as the winner of the CIMB Asia Pacific Classic 2011.(with prize money of USD1.3 million) A dominating performance at the Mines Resort, KL. Malaysia's Danny Chia, came in a creditable tied 13th, earning USD85,000 ... In any profession, Golf pro and trading alike, the top dogs make most of the money. An enjoyable day for all at the Mines.

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Chelsea 3-5 Arsenal

With a hattrick by Van Persie and a stupendous goal from Theo Walcott, Arsenal is victorious in the West londonderby v Chelsea. Thrills, spills and action aplenty....

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Saturday, October 29, 2011

Mind, Method, Money

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It will be the West London derby between Van Persie's Arsenal and Drogba's Chelsea.

The PGA Tour is in town.... at the CIMB Asia Pacific Classic. Big hitting Jeff Overton is the one to watch. The prize purse is USD6 million, which sure puts to rest the myth that CIMB was going to the dungeons, the way the price was sold down below RM7.00 a share last month...

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20111029 A look back at some of the stocks we got ito on Oct 12, 2011. One stellar performer, one languid blue chip bank and one in a neglected industry, losing momentum... but can't complain though. But in reality there is no secret, whatever stock one is into would've made $. The point is to be 'in it to win it', and not having the doomsdayer mentality to hold cash and gold, hunkering down for the financial armageddon...

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20111028 Technically, the FBM KLCI has closed above the 50 sma for 7 of the last 8 trading days, with the shorter term ma crossed upwards, which is bullish. And there was another thing to take from the 66 point drop charade last Friday on the KLCI, that is after a sharp drop the index goes up for the next few days...

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Friday, October 28, 2011

Well, fine examples of selfish Greeks, whose free riding on the rest of the Europea Union got the world into the 'debt crisis' predicament. And they are still so high and mighty to say "It is not our fault". The Irish and Portugese are taking their medicine and have no complaints...







Sun Tzu says, "Greed is the fundamental cause of defeat". If one craves materialistic stuff, for show and face in the society, it may lead to defeat in trading the markets. Lead the simple and comfortable life with minimal materialism, and one can find success in the markets, as one is contented. And after a profitable week, one can avoid 'forcing the trade' in a sideways market, on this Friday afternoon...

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These protestors want to throw the thousands of financial sector workers onto the unemployed lines..... what a bunch of selfish and not so smart people, who do not understand economics.

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20111028 FKLI futures 30 min, hits resistance at 1490...

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20111027 A full 'Risk on' day, as European leaders reach an accord on debt crisis. Worst performers KLCI, Shanghai Composite and India...

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Thursday, October 27, 2011

S&P 500 Extends Best Month Since ’87, Euro Rises on Debt Accord








Err.... the month is not over yet... but so far so good.

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20111027 X marks the spot, where the big player sold hundreds of FCPO contracts... (30 min chart)

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20111027 Subscribing to the view of having a bullish bias, as long as the FKLI futures held above the uptrendline on the 30 min chart has its rewards. At the very least one can hold longs longer and shorts shorter term, and stay out of trouble...

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20111027 Price spikes, not uncommon in today''s markets. Was told by SGX trader on November MSCI Taiwan index futures price spike of over 100 ticks. So the 66 point plunge on the KLCI cash index last Friday was a 'common' event.

Meanwhile, daily cash KLCI is holding above the 50 sma, a bullish stance...

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Wednesday, October 26, 2011

The Solution to the European Debt Crisis




"Stupidity got us into this mess- and stupidity will get us out." Homer Simpson

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20111026 It seems the banks are playing hard ball. Like cry babies, they split the milk, and still want to drink the contaminated milk. The banks' incompetece led to them carrying a selfish nation's debt binge in the form of Greek bonds. Now they are unwilling to take the losses in the form of write offs. Why? They are selfish buggers, only concerned by their bonuses, write offs leads to losses, which affects the employee's bonuses....

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20111026 Just like a treasure map, 'X' marks the spot of golden treasure. The manipulator who sold hundreds of contracts at the closing last minute of FCPO trading on Monday, had to endure over 40 ticks of drawdown. Granted, with the ag futures down significantly last night they may still come out ahead but that is not the point. To try to dominate the market using size.... 2 outcomes are probable, either reap big rewards or take huge losses...

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20111026 SPI futures covers gap down.... for the jagoh kampong ('champion of the village' in Malay) out there. No matter how big they are, they are still champions in the village. My trading partner has joined SGX as an electronic local, trading simsci futures.... a small step but a positive one.

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20111026 Continuing with the SPI futrues story....

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20111026 Happy Deepavali to all. Australia SPI futures 10 tick price action, can pick up a few bucks..... For those jagoh kampong, who are constrained to fighting in the local index futures, they have to be content with zero day.

"To win without fighting is best" Sun Tzu, The Art of War

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Tuesday, October 25, 2011

20111025 FCPO futures 30 min, breaks out of the large sideways pattern.... trades 2922 now.

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20111025 FBM KLCI, still having closes above the 50 simple ma.

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Monday, October 24, 2011

20111024 FCPO 5 min, this is when the big shark ets the ikan bilis (those who were long).... Tomorrow is the Export data by the cargo surveyors. The big shark takes their short positions, on 'inside info' of the export figures, or else pays the cargo surveyors to doctor the figures. A far fetched hypothesis? You be the judge...

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20111024 FKLI futures 30 min, a retracement, but still on the up? But on the daily candle, a shooting star formation appears...

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20111024 HSI was up nearly 900 points, but this was a good scalp trade short on the 3 min chart...

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20111024 FKLI futures 30 min, price gaps up above the downtrend line, the 'line in the sand' is now favouring bulls?

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Man City 6-1 Man United






6-1, It was truly satisfying..... but my buddy said, "It's painful to watch".

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Sunday, October 23, 2011

Rugby World Cup

The All Blacks won the world cup of rugby by beating France 8-7. Not very convincing, but the history books will show New Zealand sewing up their 2nd William Webb Ellis Cup.

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Saturday, October 22, 2011





20111022 Well, this is just not good enough, the text says "Bursa did not say if the trades were made deliberately or by accident. - Reuters"

For transparency and market integrity, there should be full disclosure on such irregular activities, which in this case is very material. The full force of the Business rules should be evoked against the broker.

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Friday, October 21, 2011

The Manchester Derby will be on as well, in the EPL.

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Rugby World Cup final New Zealand v France this weekend.

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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