Candlesticks

The Japanese have been using candlesticks since the 17th century to analyze rice prices. Candlesticks were introduced into modern technical analysis by Steve Nison in his book Japanese Candlestick Charting Techniques.
Candlesticks contain the same data as a normal bar chart but highlight the relationship between opening and closing prices. The narrow stick represents the range of prices traded during the period (high to low) while the broad mid-section represents the opening and closing prices for the period.
· If the close is higher than the open - the candlestick mid-section is hollow or shaded blue/green.

Notice - Chang in Margin Rates for FCPO, FPKO and FUPO

2009.04.20 The margin rates are changed as following:
FKLI RM3500 for Full Margin (Position Hold Over Night)
FCPO RM8000 for Spot Month Margin (Position Hold Over Night)
FCPO RM8000 for Non Spot Month Margin (Position Hold Over Night)
FPKO is the same as FCPO

2009.01.29 The margin rates are changed as following:
FKLI RM3500 for Full Margin (Position Hold Over Night)
FCPO RM6500 for Spot Month Margin (Position Hold Over Night)
FCPO RM6500 for Non Spot Month Margin (Position Hold Over Night)
FPKO is the same as FCPO

2008.12.01 The margin rates are changed as following:
FKLI RM4000 for Full Margin (Position Hold Over Night)

Notice - Special Margin Rates For Bursa Malaysia Derivatives Clearing Bhd

2008.09.24 In view of the holiday period from 1 t0 2 Oct 2008, Bursa Malaysia Derivatives Clearing Bhd will impose the special margin rates in order to manage undue volatility movements when markets reopens on 3 Oct 2008.

FKLI RM4500 for Full Margin (Position Hold Over Night)

FCPO RM11,600 for Spot Month Margin (Position Hold Over Night)
FCPO RM11,500 for Non Spot Month Margin (Position Hold Over Night)

Happy Trading

SETTING GOALS - Joe's Trading Tidbits

Successful traders and investors set high goals and make specific plans to achieve them. Goals can be motivating, and they don't have to be just about gaining monetary wealth. The more specific the goal you set, the better. Abstract goals often seem impossible to achieve and are weak motivators. Although dreamers can succeed, nothing much happens until they take the actions necessary to make the dream come true.

By breaking down a larger goal into specific steps, or sub-goals, you will be more likely to achieve the goal. Rather than a misty, undefined fantasy, specific immediate goals help you to see how even a seemingly unattainable larger goal can be realized.

FX Instructor in youtube.com

Learning Centre:

My good friend gave me the following sites about enlightening you on your chart trading skills, they are video clips. You might find them educational. Enjoy!

http://youtube.com/profile_videos?user=FXInstructor

Learn to deal with your stress

Joe's Trading Tidbits - STRESS

Do you suffer a lot when you trade? Are you under constant stress from trading? What are your thoughts about stress, and is it a major factor in your trading?

Stress in trading is not always harmful, probably depending on the source of the stress. For some traders it is imperative that they run scared. For those traders it is the emotion of fear that can generate the concentration necessary to survive.

For all traders, it has been proven that trading is a stressful business. Tests have shown that even when traders appear calm, relaxed, and comfortable during trading, their heartbeat rises, blood pressure rises, and skin moisture increases.

William Gann Way ( Chinese )

江恩买卖十二法则
江恩最后一本重要著作是1949年出版的《在华尔街45年》，书中江恩理论坦诚披露几十年来，在市场取胜之道。
江恩认为，投资者在市场买卖遭受损失，主要的原因有三点：
1) 在有限资本上过度买卖。
2) 投资者未有设不止蚀盘以控制损失。
3) 缺乏市场知识，这是在市场买卖中损失的最重要原因。
因此，江恩对所有投资者的忠告是：在你赔钱之前，请先细心研究市场。
在入市之前，投资者一定要了解：
1) 你可能会作出错误的买卖决定；

Joe's Trading Tidbits - PROTECTING PROFITS

( 26 December 2006 ) Over the years, I've had the most profitable results by always making an attempt to receive pay for the risk I am taking. I want to be paid to trade. Being "paid to trade" has become a slogan at Trading Educators. The moment you can realize some profit from a trade, the sooner the pressure is off. You sleep well during nights where you have taken some money out of the trade during the day. You make fewer mistakes. Your growth in your confidence and faith in what you are doing, and seeing that what you are doing is succeeding, do wonders for your feeling of well-being.
If a trade gives you $1000 from a risk you have assumed in the market, never give them back more than $500. If someone gives you $2000, keep $1200; $3000, keep $2100; $4000, keep $3200; $5000, keep $4500. Remember the Point of Diminishing Returns as applied to trading. Never allow a $1000 per contract open equity profit to become a loss. As the market moves further beyond the Point of Diminishing Returns, the probability of a short-term trend reversal increases exponentially. The best market moves make the majority of their initial profits in 2 to 6 days. Therefore, a higher percentage of profits needs to be protected as the market moves higher and you approach at least a temporary end to the current move. Traders feel good about themselves to the degree they control trade profits and losses. This is the psychological Law of Control applied to the trade decision-making process.

Be Prepared For All Possible Market Directions

( 25 November 2006 ) KLSE Future Index Weekly Chart is still up as at 24 November 2006. If I am in position, I would maintain my long postion. Shorting is not a good idea during the up trend.

KLSE FUTURE INDEX WEEKLY CHART ( Nov 2006 Contract ) as at 24 November 2006:

The Daily Chart of KLSE Future Index has broken the high of 1037.50 which was the last week high ( the white dogi in the chart shown below ) and it closed at 1058.50; up by 23.5 points. It was a remarkable week for those who longed. I always believe in “The Trend Is My Friend”.

THE TREND IS YOUR FRIEND

17 Nov 2006 - CPO (Crude Palm Oil) Future closed at 1764 with the high of 1788. Most traders find it hard to decide what to do. If you were to long (buy), it seems high. However, shorting (selling) is not a good idea too knowing that the trend is still heading high.
I will not do anything till the weekly chart show me the direction. I usually use weekly chart to decide on the direction. In other words, if the weekly chart is up I will only go for long when there is opportunity. I will never go against the Trend.
THE TREND IS YOU FRIEND, DO NOT GO AGAINST THE TREND WHICH IS YOUR FIREND.