Saturday, December 29, 2012

AP News : Last ditch effort to avoid fiscal cliff under way

They did it to gain political edge. Playing with fire...

http://m.apnews.mobi/ap/db_6776/contentdetail.htm?contentguid=OLPt71NX

Friday, December 28, 2012

In the stockmarket, gems are there, as are duds...

"Making money is not about jumping in and out of the market to trade 1000s of lots" emacro

Thursday, December 27, 2012

AP News : No deal in sight as deadline for fiscal deal nears

Proves one thing. Politicians cannot be trusted to do the right things...

http://m.apnews.mobi/ap/db_6776/contentdetail.htm?contentguid=SUKIJfRM

Wednesday, December 26, 2012

Public Bank

IHH, stellar IPO
 
"It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!"

Tuesday, December 25, 2012

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Monday, December 24, 2012

Not a peep out of the bears today, on the 'high inventory stocks of cpo...' Bulls looking for a 'reason' why prices are up.

Traders on BMD futures markets are ego driven. You can tell from the way they will curse at the market that goes against them, and whoop for joy in winning positions, as if saying "The market is always wrong, I am always right." Is this the right attitude to take? Well, it is not a very Christmas attitude.

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Exchanges, the market and the brokerage industry is set up to create the impression that easy money can be made in the markets, but as Jesse Livermore says, "People who look for easy money invariably pay for the privelege of proving conclusively that it cannot be done on this… earth."

"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."

"It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!"

Prices | Bursa Malaysia Market

Now all the experts are finding holes to hide their "bearish outlook on high inventory stocks data" predictions.

And just a few days ago I heard one big trader exalt..."zero export tax? Must be cannot sell the cpo with no buyers..."

http://www.bursamalaysia.com/market/derivatives/prices#/?contract_code=FCPO

Sunday, December 23, 2012

Floods hit NS, situation in Johor and Malacca worsens - Nation | The Star Online

http://thestar.com.my/news/story.asp?file=/2012/11/9/nation/20121109132113&sec=nation

Thursday, December 20, 2012

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"The secret to making money is that IT TAKES TIME TO MAKE MONEY" Larry Williams

End of the world as we know it | theSundaily

What a load of rubbish. If the Mayan were so advanced, their civilisation would not collapse... If you believe in this moment of apocalypse can be pinpointed, you would be taken in to ponzi schemes. The operative word is GULLIBLE.
http://www.thesundaily.my/news/569746

Wednesday, December 19, 2012

Daily March Nikkei 225 futures, breaks through 10,000.

"Every dog has its day"

Tuesday, December 18, 2012

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Stand apart from the crowd

Analyse your markets and lay out your strategy and tactical moves in advance, and in privacy. Don't ask anyone's advice, and that includes' brokerage advisories, tips and even well-intentioned market gossip. And, don't offer your advice to anyone else. You shouldn't care if Shearson is buying ABC or if Salomon is selling XYZ. You should stick to your objective analysis and market projection based on whichever method or technique has proven viable for you; and you should revise that strategy only on the basis of pragmatic and objective technical evidence. Such evidence could be a signal from your chart analysis, your computer system or from the margin department, which reminds you that your position has moved adversely and that your
account has become undermargined.

In short, if you make money in your trading, stand up and accept the accolades and the financial rewards. But if you lose money, you alone should accept the responsibility. You must have confidence to trade in the marker, because the most serious 'loss' of all is the 'loss' of
confidence in your ability to trade independently and successfully. If you don't have that confidence, you probably shouldn't be making any trades, except to close out adverse positions to limit your loss exposure. The list of speculators' laments goes on, but they all seem generally
related to carelessness or poor trade timing, misjudgement of the market trend, ignorance of the basic tenets of sound strategy, or lack of self-confidence and discipline. Serious introspection suggests this thesis: a sound strategy, viable tactics and good money management, and
consistent risk control are even more important to overall success than a good technical or charting method.

Traders on BMD however are persistent non opinionated schizophrenics with no confidence, always asking others' opinions and offering their opinion as to market direction.(due to EGO) 

POS Msia

Malaysian equities to see "extreme volatility" | theSundaily


Monday, December 17, 2012

Volume today on dec is 2279 contracts. When the playing field is not level, with the game skewed towards the algos and volume traders, the rest naturally pare back or just shun the contract... "When the path you take leads back to yourself, you haven't got anywhere.."Grand Master Oogway.

The Trader, the broker, the futures market, the Gamblers...

FACBIND, goreng...

Friday, December 14, 2012

5 min fcpo...

Thursday, December 13, 2012

Stanley Kroll on trading

Analyse your markets and lay out your strategy and tactical moves in advance, and in privacy. Don't ask anyone's advice, and that includes' brokerage advisories, tips and even well-intentioned market gossip. And, don't offer your advice to anyone else. You shouldn't care if Shearson is buying ABC or if Salomon is selling XYZ. You should stick to your objective analysis and market projection based on whichever method or technique has proven viable for you; and you should revise that strategy only on the basis of pragmatic and objective technical evidence. Such evidence could be a signal from your chart analysis, your computer system or from the margin department, which reminds you that your position has moved adversely and that your
account has become undermargined.

In short, if you make money in your trading, stand up and accept the accolades and the financial rewards. But if you lose money, you alone should accept the responsibility. You must have confidence to trade in the marker, because the most serious 'loss' of all is the 'loss' of
confidence in your ability to trade independently and successfully. If you don't have that confidence, you probably shouldn't be making any trades, except to close out adverse positions to limit your loss exposure. The list of speculators' laments goes on, but they all seem generally
related to carelessness or poor trade timing, misjudgement of the market trend, ignorance of the basic tenets of sound strategy, or lack of self-confidence and discipline. Serious introspection suggests this thesis: a sound strategy, viable tactics and good money management, and
consistent risk control are even more important to overall success than a good technical or charting method.

Traders on BMD however are persistent non opinionated schizophrenics with no confidence, always asking others' opinions and offering their opinion as to market direction.(due to EGO) 


Sideways coiling of the spring...

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Wednesday, December 12, 2012

Simsci futures error trade on SGX. Think the error trade was adjusted to 351.70, with all trades  below busted..  One day this could happen on BMD, which is why the business rules have a busted trade section.

60 min FBMKLCI. With multiple buy stops taken out, is it time for the general elections to be called?

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Asia stocks set for longest winning streak in 3 years

When these sort of sensationalist headlines come out.... it might be that the rally might soon peter out.

Tuesday, December 11, 2012

15 min FKLI

They finally come to their senses to reduce the margin requirements.

Previously it was just plain common sense that at RM7,000 per contract FCPO, this represented a move of 280 ticks, whereas at the price of 2300, a 10% limit move would be 230 ticks either way. Doesn't take rocket science to realise this .... but still it took so long.

Now when will they realise they need to reduce the exchange fee. Why is the exchange fee for the index futures RM5 per contract with cpo at RM2.50? Trying to squeeze water from a rock.(a small one at that)

One needs to be bold, 2013 why not try with exchange fee at 2.50? Volume is so paltry anyway...

Public Bank Bhd

PRS funds vs annuity plans | theSundaily

http://www.thesundaily.my/news/560938
Wow, the returns from the annuity are guaranteed... by the one offering the annuity. Talk about circular finance...

Monday, December 10, 2012


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FBM KLCI 60 min.

60 m fkli futures.

"An uptrending market is typically characterized by a succession of higher highs and higher lows. Traders should not be anxious to sell their long positions and revert to short because bull markets generally go higher than most traders anticipate. The market, and your technical indicators, will “tell” you when the top has been seen."

‘Losing money is the least of my troubles. A loss never bothers
me after I take it. But being wrong — not taking the loss — that
is what does the damage to the pocket-book and to the soul.‘
 Jesse Livermore

Genting Bhd...

60 min FKLI
"Men that can both be right and sit tight are rare" Jesse Livermore

Premier League: Man Utd beat City in derby, Everton beat Spurs - ESPN FC

http://soccernet.espn.go.com/news/story/_/id/1257432/premier-league:-man-utd-beat-city-in-derby,-everton-beat-spurs?cc=4716

Sunday, December 09, 2012

Peter Senior prevails in wind-hit Open | The Australian

Australian Open champion again 30 years after winning the first in 1989

http://www.theaustralian.com.au/sport/golf/peter-seniors-win-at-australian-open/story-fnaxw0m2-1226533192490

Friday, December 07, 2012

Fiscal Cliff Offers Hint at More Defense Cuts | TIME.com

http://swampland.time.com/2012/12/03/gop-issues-new-fiscal-cliff-offer-to-obama/?iid=tsmodule

What an idiot? Just vote this guy out next elections...


"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