Tuesday, September 30, 2014

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15 min FCPO, nice formation on the DMI/ADX...

FCPO 5 min into the close yesterday...

Monday, September 29, 2014

Finally the squeeze fires off..

5 min squeeze sets up...

Oct HSI futures 1 min..

Sunday, September 28, 2014

CPO and Fx

BPL action

Friday, September 26, 2014

Turns out to be 5 min short squeeze...

Maybe another squeeze setting up, where it goes no one knows...

Thursday, September 25, 2014

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FCPO 5 min, another long squeeze play...

FCPO 15 min. One of the traders was saying how "every day I go short" on the FCPO market. Guess he is the best exponent of the 'counter trend' trading....

HLBANK, slow going, but a trend is a trend...

5 min FCPO...

Could today see the big fish land?

Wednesday, September 24, 2014

Looking like a high closing for the FCPO futures...

A 2nd long squeeze, and the trader next door is "Groaning all the way"

MMSV The next ELSOFT?

5 min long squeeze...

Tuesday, September 23, 2014

FCPO 5 min squeeze

Sunday, September 21, 2014

Cheau Xuen delivers first Asian Games gold for Malaysia (updated) - Other Sports | The Star Online

http://www.thestar.com.my/Sport/Other-Sport/2014/09/20/Cheau-Xuen-delivers-first-Asian-Games-gold-for-Malaysia/

Saturday, September 20, 2014

Alibaba's Jack Ma the new Rock Star of Wall Street

Friday, September 19, 2014

Japanese Yen and Nikkei 225

IHH, what a power trend...

Not all stocks are on the downtrend, HLBANK looks up...

Thursday, September 18, 2014

When the DMI gets out of whack, the market could not go on forever...

Fwd: fbm klci below 200 ma

FBM KLCI < 200 ma

15 min FCPO

Record prices for oil palm estates in Sabah and Sarawak, News, News, AsiaOne Business News

http://business.asiaone.com/news/record-prices-oil-palm-estates-sabah-and-sarawak

60 min usd/jpy

Wednesday, September 17, 2014

China central bank injects $81 billion into major banks to support economy: reports By Reuters

http://www.investing.com/news/economy-news/china-cenbank-injects-$81-billion-into-major-banks-to-support-economy:-reports-309747

Squeeze in progress..

FCPO 5 min, on a squeeze...

Tweet from The Edge Malaysia (@edgemy)

The Edge Malaysia (@edgemy) tweeted at 4:15 PM on Wed, Sep 17, 2014:
Moody's: Malaysian economy grows strongly despite fiscal drag http://t.co/pnziPHMl6u
(https://twitter.com/edgemy/status/512152757831102464)

Get the official Twitter app at https://twitter.com/download

5 min

Tuesday, September 16, 2014

I

The saviour for traders operating in the office environment with distractions all around, most of which comes from other traders hootin and hollering ecologic Ed without consideration to those around them.

Monday, September 15, 2014

60 min FCPO, look at the -dmi for 2 bars ago...

FCPO 60 min...

Driving world markets US
dollar

Friday, September 12, 2014

The week's action on the FCPO 30 min chart.

There is no certainty in trading. This is the Dec14/feb15 fcpo spread. One of the locals last month commented "Just average the long spread position, no such thing as cut loss one la straddle trading"

Well, anything can happen in trading.  When the spread went to 120 most were scrambling to cut their losses,  hence the signal for the price to rebound...

Oh and after the carnage, a veteran trader remarked "In my 25 years of trading fcpo, I have never seen such a market, especially the straddle". It's 'spread' not 'straddle' by the way...

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One needs to discover whether the helter skelter way to trade like playing a video game is the way to go. Not for me... If one considers yesterday a strong trend day, closing at the highs, the best course of action is to buy into support... there are plenty of those caught short to cover.


"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