Tuesday, January 31, 2012

Before you turn into a super bear...


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Monday, January 30, 2012

20120130 After a long period of sideways activity.... the break of the uptrendline was the signal to be bearish for FKLI futures, on the 30 min chart...

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20120130 KGB, went onto Main Market listing status last Friday....

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Sunday, January 29, 2012

Djokovic denies Nadal in epic final | Tennis | Fox Sports

Warched the first set, went out for dinner came back frw hours later and can catch the latter part of the final set....



FA Cup liverpool 2-1 man utd



Saturday, January 28, 2012

Azarenka steamrolls Sharapova | Tennis | Fox Sports



Friday, January 27, 2012

Australian Open tennis, Ladies singles final this weekend. It will be the battle of the screamers and shriekers, as Maria Sharapova plays Victoria Azarenka.


Thursday, January 26, 2012

UNISEM, an example of a parabolic move....

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And it will be Liverpool to fight it out with Cardiff for the Carling Cup... City out!


Wednesday, January 25, 2012

20120125 Well, what a pleasant surprise as our amateur 'dog' stock picks have range extension candles today... KGB, MBSB, UNISEM.

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Tuesday, January 24, 2012

Australia v India, 4th Test, Adelaide, 1st day: Ricky Ponting, Michael Clarke demoralise India again | Australia v India, 4th Test, Adelaide, 1st day Report | Cricket News | ESPN Cricinfo

The captain and former captain pummels India again.


Saturday, January 21, 2012

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Thursday, January 19, 2012

Happy Chinese New Year

In this, the Year of the Dragon.

With semiconductor stocks back in favour, KGB, a semi conductor service provider with dividend yield and growth potential worth a look. The chairman/CEO was on BFM ratio this week. Other points:
  1. company en route to Main Board this quarter
  2. cash pile of RM28 million, in a finacially strong position to weather margin compression
  3. limited number of shares with paid up 80 million shares
  4. The only ACE company to trade above its IPO price RM0.53 since listing.
  5. Institutional investors are begining to come in, LTAT now has a 7.7% stake

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Unisem, the dog stock comes good at last. Tenaga, another shunned dog stock turns into gold? Ad you know what, through the 2012 January effect, most were doubters and skeptics, with a plethora of 'crash forecasts' due to 'concerns over the European debt crisis', the January 9 Anwar Ibrahim verdict blah blah blah.... Hence the saying "markets always climb the wall of worry". "Every dog has its day"

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BIMB, note the volume spike and the candle formation from the start of the run up...

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Weekly MBSB. Consolation for not having the inside running on Proton for the 'fast money'. Whe one is at the bottom of the stock rumour food chain, one has to rely on oneself's judgment.

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20120119 FKLI 30 min, bounces off support...

S&P500 closes above 1300

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Wednesday, January 18, 2012

Dialogue sesion

Well, the night was one with nice food, and a dialogue sessions between Local Participants and Bursa Derivatives. A constructive and frank discussion where CEO Mr Chong Kim Seng outlined bursa's plan to grow the local pupulation to 1,000 LPs. If that is achievable, then all augers well for liquidity in the market. Oh, and thanks for Bursa to put on the CNY dinner for the locals...

Actually, interested potential locals might want to try out being a local participant on BMD by taking this 'Chance of a Lifetime'.

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Tuesday, January 10, 2012

Moved to new blog

Visit this location. Thanks to those who appreciate my throughts and chronicles and are continuing the journey in the new blog....
"When you do not feel appreciated but are treated as expendable, it sucks." One trader tells me.

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Monday, January 09, 2012

Is trading as a 'Professinal' easy?

One of the best performing (in terms of profitability) locals is an old timer by the call sign AKT. When asked on a bit of advice on how to succeed and trade profitably, he remarked, "When you look at the market, who is making the money? No 1 No matter whether the trader make or lose, the exchange is at the apex, making the clearing fee, No 2 Next comes the broker, who will make the brokerage every time the trader makes a trade, win or lose, No 3 The service providers eg charting provicers are next to make the 'risk free profit'. If you understand this, then you will know to trade accordingly"

Poignant words, which to me means:
1 The odds are stacked against the trader from the outset.
2 Trading costs must be kept at as low a level as possible.
3 Don't overtrade. If you are subject to the pressure of a monthly volume quota, the odds are even more stacked against you, with forced trading just to make up the numbers.

Note that this is my personal opinion only.

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Sunday, January 08, 2012

Man City 2-3 Man United

And so it was, some brilliant goals from United(with all the luck), a bad refereing decision to send off Kompany... Brilliant comeback by City in 2nd half after Man United switched off. Paul Scholes comeback to give away the bal for Aguero to score...


Shifted to CPO blog, as I envisage less of idex futures trade going forward, due to increased costs and loss of 'edge'.

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Saturday, January 07, 2012

20120107 The Week that was, posts from fcpo.blogspot.com....

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It will be the FA Cup 3rd round derby match between United and City this weekend....


Friday, January 06, 2012

Michael Clarke chips in with the wicket of Sachin Tendulkar, as the Aussies win the 2nd Test by an innings and 68 runs.


Tim Howard's goal


Thursday, January 05, 2012

Local Participants entry liberalised.... but read the fine print....

"Local Participants can trade with their own funds and are not permitted to conduct trades on behalf of Clients. They will enjoy exchange and clearing fees rebate if they trade 1,000 contracts per month or more. Local Participants are registered with Bursa Malaysia Derivatives (BMD) and can trade in all BMD's products.?

If you don't trade 1,000 contracts per month, you WILL NOT enjoy the trading fee and scratch fee benefits, and any profits will be subject to income tax.(albeit at 50% exemption for the next 5 years), ie you are screwed. So, it is only for those who want to slave away and churn out volume every day..... So basically if you are a beginner and small trader, the exchange does not encourage you. They give 3 months 'promotion' though, to enjoy the fee discounts even if 1k not traded.

As John K puts it:

"You might as well trade as a retail client, no scratch trades but you do not pay income tax anyway"

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Landmark innings of 329 by Australian Cricket captain Michael Clarke today in Sydney.


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. (basis is 'first come first served' there are only 45 spots left currently)

Well, we had dinner last night with John K, one of the largest volume locals since the KLOFFE was established. He has since given up being a local participant for a couple of years now., and is trading as a retail customer... some of his views later.

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Tuesday, January 03, 2012

20120103 Aussie Dollar breakout form daily triangle. It seems risk is back on to greet the January effect.

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I will only update this blog with a 'chart of the day' on end of day basis. Anyone interested in following my chronicles for intraday posting pls Yahoo msgr me or email to emacro88@gmail.com.

In the email: write your name and a brief description of your trading experience.

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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


From Dragons and Bulls by Stanley Kroll
Introduction 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
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
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system