Friday, February 28, 2014

The saga of eht Jun/jul FCPO spread continues with a correction.

One of the followers of the blog asked on whether his shorts arounds the 30s was a good idea. A good call, as he now reaps the benefits of taking the trade, the charts speak for themselves.

The influence of Janet Jelen's words...

Wednesday, February 26, 2014

Jun14/jul14 fcpo spread 4 hour chart...the saga continues.

FKLI futures, dead in the water.... for now.

Tuesday, February 25, 2014

FCPO Jun Jul spread, a nice trend.

Have heard from one trader "see no road in the spread", another said "lost big money been "shorting, cutting, shorting higher cutting, shorting even higher, cutting...". One top trader gave a tip on 13/2 "sell the junjul at 10, 11,12 in pyramid, can buy back at 9 when August month contract comes on board, it is a low risk trade".

Goes to show "Those who know don't talk, those who talk don't know". If one trades too much in volume, one will fail to see the trend because one is too engrossed in the excitement to churn big volume.

Friday, February 21, 2014

May/Jul fcpo spread, an even more profound chart than the Jun/Jul....

FKLI futures, stops triggered on the opening...

Thursday, February 20, 2014

4 hr chart of Jun/Jul 14 spread fcpo...

Wednesday, February 19, 2014

30 MIN FCPO

Monday, February 17, 2014

Gold, as the adage says, The Trend will go further than you think....

Sunday, February 16, 2014

ESPNFC: Soccer Three Things: Man City vs. Chelsea

http://m.espn.go.com/general/blogs/blogpost?blogname=thematch&id=1857

Saturday, February 15, 2014

U.S. stocks gain on consumer sentiment data; Dow up 0.79% By Investing.com Mobile

http://touch.investing.com/news/stock-market-news/u.s.-stocks-gain-on-consumer-sentiment-data;-dow-up-0.79-266598

Gold, 4 hour chart view.

Friday, February 14, 2014


Thursday, February 13, 2014

30 min FKLI, setting up for a fall on the Dow tonight... JP Morgan, Janet Jelen and co starting to short.

Wednesday, February 12, 2014

Tuesday, February 11, 2014

Fed Chief Yellen signals QE taper still on track By Investing.com

http://www.investing.com/news/economy-news/fed-chief-yellen-signals-qe-taper-still-on-track-265677

30 min Gold

Monday, February 10, 2014

Why fundamentals and opinions don't work in markets? Because the price reaction to 'fundamentals' or 'news' or 'Reuters poll' is never consistent.

And the top traders are always looking at 'fundamentals' because they want to justify their position with 'something' and deny the actual price action. The conversation I heard was on how the Reuters poll estimates of stock figures would come in at 1.93 or 1.95 million tonnes of cpo, which is utterly useless in market price action. It is only a safety blanket to blame losses on and not be accountable to own losses.


Saturday, February 08, 2014

Russia welcomes world to Sochi at Winter Olympics opening ceremony | Other Sports | Fox Sports

http://www.foxsports.com.au/other-sports/russia-welcomes-world-to-sochi-at-winter-olympics-opening-ceremony/story-e6frf61c-1226821182639

Friday, February 07, 2014

AUD, the barometer of risk.

Yesterday, one of the top traders remarked "Aiyo, short till the legs are numb and weak" for the fcpo market. Gaps up again today.

It's true, the volume orientated traders overtrade to the extent that they cannot see the trend. With the trend up they can keep shorting... My trader friend was right on the button on this fact.

Shorties creamed...

Thursday, February 06, 2014

The shorties really got hammered....

Well, those who looked at 'fundamentals' this morning and shorted are under the kosh now...

Follow to the earlier post.


Seems the top traders are all short, as they say 'fundamentals are bearish'....

KLCI 5 min. Looks like the speculators will be jumping over this opp to short. Will it work out or could it turn ugly for them?

Wednesday, February 05, 2014

Overview of Trends and Price Levels

1. Regarding Trends

(a) A market should not be considered bullish or bearish, so you should avoid taking any bullish or bearish view of any market.

(b) Simply take the position based on the technical indicators:
(i) If the technical indicators point up, be long.
(ii) If the technical indicators point down, be short.

(c) Livermore said:
‘There is no such thing as the bullish or bearish side of a market; There is only the right side.’

2. Regardubg Price Levels

(a) A market is never to high to buy or too low to sell.

(b) Do not go short because a market is too high, or overbought. It will probably go higher.
Do not go long because a market is too low, or oversold. It will probably go lower.

(c) Bottom line: Base trades on the objective, proven indicators. Do not make exceptions!

About trends and price levels

Tuesday, February 04, 2014

4 hr FKLI futures.... those who gambled by 'catching the falling knife' are under the kosh now...

A nice downtrend... When the market turned down, the majority are still looking the other way, still looking up.

5 in fcpo, on the up...

Hammered into a downtrend...

U.S. stocks take beating on poor factory report; Dow plunges 2.08% By Investing.com

http://www.investing.com/news//stock-market-news/u.s.-stocks-take-beating-on-poor-factory-report;-dow-plunges-2.08-263950


"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