Friday, October 11, 2013

2% + up in DJIA, telegraphed by the blue line...

Heard from an Exchange official that they are looking into how to improve the volume on the FKLI futures. Isn't it a coincidence that after the Local Liberalisation where the stupid quota of 1000 contracts per month was imposed upon Local Participants that NOW there is 'concern' about the shrinking volume o the index futures such that they need to 'look into ways to improve the volume'????

Way to improve the volumes:
1 Remove the quota
2 Reinstate the status quo to the prior May 2012 for all LP
3 Equalise the exchange fee and clearing fee FKLI to the same as current FCPO fees

As easy as 1-2-3, capice?

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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

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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