Saturday, December 31, 2011

Migration to new address for blog



First of all, a Happy New Year 2012 to all my followers and others...

In 2012, I will not be posting to this blog. I will migrate to the parellel blog. Basically the exchange has increased the cost of trading to the small player(locals) making short term scalping unviable. (at least until 4 April 2012) For more info on access email: emacro88@gmail.com, or use the Yahoo msgr.

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Friday, December 30, 2011

Try out trading as a local

Well, the BMD has grand plans to impose a quota of 1000 contracts per month in order for locals to qualify for scratch trades. BMD Chairman Tajuddin Atan is the smart guy who put the plan in place.
But there is a sweetener, anyone can trade as a local, that means:
1 registering a business (sole proprietor)
2 The business is trading futures/options on BMD
3 Income tax is payable o the trading profits (IF ANY)
4 Trading will be a low commission rates, RM2.50 and RM3.50 for day trades (cpo and fkli respectively) Trades done at same price (buy and sell) are scratch with no commissio payable.
5 From Jan 3, new locals registering will have 3 months to trade without having to meet the 1,000 contract quota to ualify fror the commission/scratch icentives above.

3 months.... all active traders should try it out, just try it for 3 months. Why trade actively at the high commission rates currently. After 3 monts if not successful at churning 1k contracts per month, then can go back to the old account....

For those who do not want to be housed at the broker's office, online access is available either through jtrader or N2N platform. You can trade from anywhere with an internet access.

I recommend one firm with a local friendly environment, Okachi Malaysia Sdn Bhd, call up Mr Chai, the General Manager.603 - 2172

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Thursday, December 29, 2011

FBM KLCI and DJIA, above their respective 200 day sma...

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20111029 On to more daily charts: Aussie in a triangle pattern, Cable on the verge of breakout of the box to the downside.

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20111229 FKLI futures daily...

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20111229 FKLI futures 30 min..... setting up for the "January effect".


20111229 5 min FKLI futures, stops triggered..... BMD, "If it is not broker, why fix it" (retain the status quo)

"If it ai't broken, don't try to fix it"

"Progress" is about moving forwards, not backwards.(old defunct scheme)

When one makes policy changes, industry consultation and openess (Spirit of Glasnost, Mikhail Gorbachev) is constructive and lead to better outcome.

(Glasnost (Russian: гла́сность, IPA: [ˈɡlasnəsʲtʲ] ( listen), Openness) was the policy of maximal publicity, openness, and transparency in the activities of all government institutions in the )Soviet Union, together with freedom of information, introduced by Mikhail Gorbachev

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20111229 OK, after being stabbed in the back... back to trading. FKLI futures support at 1495 and 1490...

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Wednesday, December 28, 2011

Article in TheStar, even remisiers have issues with the exchange.

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Tuesday, December 27, 2011

Stabbed in the back..Damn pissed off...

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Friday, December 23, 2011

20111223 KOSPI 30 min... the mother of all Santa Claus rallies..

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20111223 FKLI futures 30 min, 1500 print, briefly.... Could retrade before going up?

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20111222 FKLI futures daily, has held above 50 day sma for a while now....

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Thursday, December 22, 2011

How to make $ in the futures market

Was talking to one of the most successful traders, who made his living and wealth from the fcpo futures over the years. On how to make money in the futures market, the idea is to ponder and think over what the following statement's message:
"In futures trading, 95% of market traders will lose all their money"
Food for thought....

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Wednesday, December 21, 2011


My fellow trader says, "They should concentrate on growing the market & participants, not trying to squeeze the existing traders. Forget them, it's time for some Christmas cheer"

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20111221 Box breakout on 30 min fcpo futures hits the target of 3065...

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20111221 FKLI futures 30 min.... tough call from here. But 1500 more likely?

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20111221 KOSP{I 10 min...

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20111221 Aussie Dollar 60 min, the risk trade is back on.

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20111221 FKLI futures 30 min, big gap up.....

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20111221 KOSPI 10 min, news reversal longs complete with the big gap up...

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Tuesday, December 20, 2011

60 min Euro, Aussie and Dow chart...The ECB bazooka is out.

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EURO GOVT-Italian, Spanish bonds rally before 3-yr ECB tender

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20111220 Aussie Dollar breakout at 0.9930...

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20111220 Eurusd 60 min. 1.3035 was the breakout point for longs, a close above the high of low period...

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20111220 KOSPI 5 min....

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20111220 5 min KOSPI, news reversal?

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Why the ratings agencies are irrelevant

Basically what they say on ratings or upgrades/downgrades/outlook are bull shit.

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Monday, December 19, 2011

20111219 FKLI futures 30 min, held the uptrend line. ... Window dressing activities...

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20111219 Today Kim Jong Il's death dominates markets. The 'Dear Leader' apparently passed away on a train.

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20121219 FKLI futures 30 min testing a small uptrend line...

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Manchester City 1-0 Arsenal

City keep lead at top of EPL.

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Saturday, December 17, 2011

US Dollar Index, nice uptrend.

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It will be another test for Manchester City this weekend in the form of Arsenal. Need to bounce back after the 2-1 loss to Chelsea on Monday night. Key is to keep Van Persie from scoring...

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Eurousd, Gold daily charts.

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Friday, December 16, 2011

20111216 FKLI futures 30 min, broke out through the downtrend line.... so 1441 was close enough to 1435.

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Suggestion for the entertainment at POC 2012?

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Thursday, December 15, 2011

The Good, Bad and Ugly of Wall Street

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One must choose which part of the food chain we are in, for the trading likewise...

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With markets tanking in the US yesterday and Asian markets today.... but an interesting thing is the VIX is still below 30...

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20111215 FKLI futures 30 min, stops triggered below 1450, low price 1440.5. Projection target from the triangle break is 1435......

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Wednesday, December 14, 2011

20111214 FCPO futures 5 min, continues the story from yesterday...

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20111214 FKLI futures 30 min, not quite a break down through the lower bounds of the triangle...

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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