Tuesday, July 31, 2012

Going into the close, the locals were 'shorting' the market resistance at 2975, some are now caught with the short covering in the last few seconds of trading.. you win some you lose some.

Genting Bhd +0.21 today...

2012 London Olympics -- China wins second straight gold medal in men's gymnastics gold medal - ESPN

http://espn.go.com/olympics/summer/2012/gymnastics/story/_/id/8215021/2012-london-olympics-china-wins-second-straight-gold-medal-men-gymnastics-gold-medal

Monday, July 30, 2012

A case of bears getting claughtered, bulls get fed..

In trading, the saying goes, "You are only as good as your last trade". If you want to be a big trader trading thousands of contracts in a month, this may well happen to 95% of those who try.

A trader's ego is the 'hidden enemy' from within. I was commenting to my fellow trader on the possibility that the FCPO market had 'capitulation' Friday lunchtime, with the stale longs liquidating contracts in the morning at 'whatever price'. The response was, "Really? But seems to be still downtrend, with heavy selling and bearish data..." Price action is king, the trader's opinion is rubbish.

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FBM KLCI 60 min...

Sunday, July 29, 2012

Sun Yang, Ryan Lochte, di Franceska





Saturday, July 28, 2012

2012 Olympic photos: Rowan Atkinson portrays Mr. Bean at opening ceremony - National London Olympics Scene | Examiner.com

http://www.examiner.com/article/2012-olympic-photos-rowan-atkinson-portrays-mr-bean-at-opening-ceremony

Friday, July 27, 2012

Was chatting to my trader friend, he was mentioning MBSB as the stock of the year... My candidates for 'Stock of the Year too, but just have to include KGB as well...

ECB to do 'whatever it takes' to preserve the Euro

Aussie dollar, in risk on mode...





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Thursday, July 26, 2012

H&S on the 5 min..

Wednesday, July 25, 2012

Hopefully the horse can continue to run. FBM KLCI in correction.... But wonder why many are 'bearish'... who knows, they could turn out to be right in their 'prediction'. One thing to bear in mind, 'prediction' is not a strategy that works with any degree of probability...

Tuesday, July 24, 2012

Highly ridiculous

Another reason to register your protest vote against the BN Government, isn't it highly ridiculous that car prices are not determined on a commercial basis by the manufacturer, but by meddling customs or government people?

Manchester City FC Tour 2012 - event in Kuala Lumpur - My Destination Kuala Lumpur

http://www.mydestination.com/kualalumpur/events/73183969/manchester-city-fc-tour-2012-30-july-2012

FCPO gap filling...

KLCI turned out to be the taiko, as per my trader friend...

Monday, July 23, 2012

Well, from this day onward, best just to do selective trading on this contract... Nothin good to say, best not to open the mouth.

FCPO futures..... so much for the 'hot' weather...'decimate the corn crop" or is it a case of "it ain't over till the fat lady sings"...

Confirm the theory that klci is the leader?

Els Wins British Open After Scott Crumbles - NYTimes.com

http://www.nytimes.com/2012/07/23/sports/golf/ernie-els-wins-british-open-after-adam-scott-crumbles.html?ref=ernieels

Bradley Wiggins wins Tour de France and helps Mark Cavendish take 20th stage in Paris - Telegraph

http://www.telegraph.co.uk/sport/othersports/cycling/tour-de-france/9418782/Bradley-Wiggins-wins-Tour-de-France-and-helps-Mark-Cavendish-take-20th-stage-in-Paris.html


"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