PSAR ah?

Not bad also.. but it is quite short term trading wur.. I found out it is quite hard to use in sideway trend...

seems like this thread got more punters attraction.. 

I thought GENTING sold his power plant to 1MDB .. so Genting should be having a lot of cash to turn around?

but then how come Genting everyday falling with high volume? is that a shakeout? 

[attachmentid=3063964]

It has to see 6.20 first.

Good for you! 

Good for you! 

you can open account with me..

future is super duper extreme high risk oh..

i told u in PM.. it might turn ur RM4k 1 contract into ash.. 

i think my remiser called u right? 

  he is klang ppl...

aiya.. he is very kind.. open account just need RM10 only.. lol..

u can ask him more.. he is willing to teach 

anyone see apa ni?

FKLI daily chart


1/10/2012 10.38pm chart.. looks green yo ! 

Dec CPO futures plunge 5% on profit taking, after export tax cuts
Business & Markets 2012
Written by Ho Ching-Ling of www.theedgemalaysia.com 
Friday, 12 October 2012 18:26
A + / A - / Reset

KUALA LUMPUR (Oct 12): Crude Palm Oil (CPO) futures contracts reversed its three-day uptrend, plunging as much as 5.7% today (Friday) from profit-taking after the government announced it will cut CPO export taxes from Jan 1, 2013.

At closing, December CPO contracts managed to cut earlier losses, declining by RM20 or 0.91% to RM2,500 per tonne, with 23,562 contracts traded and open interest standing at 66,682 trades.

The benchmark contract fell as much as RM144 or 5.7% to RM2,379 per tonne earlier this afternoon after the government’s announcement on CPO export tax cuts.

But October's spot CPO contracts rebounded to close RM20 or 0.84% higher to RM2,400 per tonne after staying in the red for most of Friday. There were 101 contracts traded and 1,726 open interest trades.

"The selling brings the spot month level to more realistic levels," said Jim Teh, senior dealer of Interband Group of Companies.

Teh added buyers were willing to pay RM2,200-RM2,300 per tonne at the physical market.

The government said it will implement "a reduced export duty structure" for CPO as among measures to "allow the palm oil industry in Malaysia to compete with other palm oil exporting countries in terms of prices" and allow local refiners to better compete in global markets, PLANTATION [], Industries and Commodities Minister Tan Sri Bernard Dompok said in a statement.

"The government statement is good but speculators had already bought up the market ahead of the announcement," said Teh.

"So today, it is profit-taking for fund managers, hedge funds and bankers. They were already in the market buying up two to three days ago," he added.

While today's measures will help reduce Malaysian palm oil stocks in the future, Teh noted that buying from countries like India, China and the US still remain slow.

"Technicals showed that palm oil faces a resistance at RM2,528 per tonne and may retrace to RM2,399, and a break above RM2,528 will lead to a moderate gain to RM2,579," said Reuters analyst Wang Tao in a news report from Reuters today.

Despite today's CPO developments, there was little excitement among plantation counters on the stock exchange.

KUALA LUMPUR KEPONG BHD [] gained 8 sen to RM21.40 with 660,700 shares traded, while Genting Plantations Bhd gained 5 sen to RM8.98 with 245,500 shares done.

But Felda Global Ventures Holdings Bhd fell 1 sen to RM4.74.

if u really want to learn...

I think the bursastation basic 12months is cheap to let u learn something and get familliar with the chart pattern there...

otherwise.. just get urself a Futures account that provide u chart..

note: always have a stop loss or a protective put....

Some comments.

Contrary to popular beliefs, I strongly believe fake trading is a waste of time.
Especially for futures trading, you either have IT or you don't.
IT means the ability to stay focus and calm and make your trades without any emotions attached.
Many can be a good fake trader but when it comes to real futures trading, they crumble.
Emotion kicks in. False hope sets in. Trades cannot be executed when needed.

Suggestion? Take a chunk of money out.
No pain no gain.
No money no honey, babe.
Take 5k out.
Play the futures.
If you can see profits or remain in the game after 6 months, you are good to go.

My one sen of wind talk and this one sen comes from someone who has confessed he does not trade futures.

I have to agree on this one.

Don't take so much time on fake trading, maybe 2-3 months to get yourself familiar with the volatility of the markets (FCPO can be very volatile, not so much on FKLI i guess)

I heard from a talk somewhere, someone conducted a study on the probability to lose all your capitals. in the statistic, for you to lose 16 trades in a row is 0% (not too sure though what actually the title of the study, maybe you can google around)

Meaning you can lose 15 times, and the 16th time you'll hit it

Not sure if it's true or not, maybe just a motivational talk to motivate traders. haha

But let say it's true.

I want to trade FCPO, and current margin now is RM7000 per lot

I'll risk 3% of my capital for each trade, and I want to start with RM10,000

Each trade I'll risk RM300. If I lose 16 times in a row, my loss will be RM4800.

If I want to still be in a game after 16x lost in a row, I need to start with RM7000 (initial margin FCPO) + RM4800 = RM11800 (make it RM12000)

Even if you lose 16x in a row, you will still be in the game, but the study said probability to lose 16x in a row is 0. So at 16th, you sure make money one. haha.

But, any good traders won't let themselves to lose 15x in a row la....I stopped trading once I lose 3 times in a row, and take a break.
If you can do this, maybe you can stay in the game for more than 6 months.....