Tuesday, September 1, 2009

Action: 20090901 Short CPO Future Nov 2009 Contract

(I am recording my trading. The followings are my trading actions and records. As good traders, we should keep a good records of all the details like points of entries, reasons of the actioin;long and short, stop loss levels, profits and loss and commands etc. )

Date: 01 Spet 2009 (Day 1: Open Trade)
Action: Short CO Future Nov 2009 Contract
Shorted Price: 2305
Volume: 1 contract
Initial Stop Loss: 2341 (6 points above today's high)
Reason To Long:
1) Price went below both moving average high and low (10 days)
2) 4 hour Stochastic is still in the down trend
3) Price close almost at the low forming a bearing candle stick pattern
The market has been quiet. It was in consolidation for more than a week. Whichever way the market break, it will go a long way. (In this case, I hope it is down).

Date: 2 Sept 2009 (Day 2: Close Trade)
Action: Long To Close CPO Future Nov 2009 Contract
Long Price: 2237
Volume: 1 contract
Profit: RM 1650 ( 2305 - 2237 - 2 = 66 points )
Reason Of Long To Close Position:
1) 4 hourly Stochastic turned up from oversold area
2) 3 continous black candles appeared. The very next bar has high chance of turning white (bullish candle)
1. One points of CPO Future = RM 25
2. Commission needed for buy and sell is RM50 so we need 2 points to break even
3. Margin (Minimum Deposit for holding overnight) = RM 8000
4. I have RM 38,225 as deposit and now RM 39,875 after the profit of RM 1650
Please refer to 'My Future Trading Account Records' for details.


  1. congrats,excellent trade. Do u trade forex?

  2. Yes, I do but small account; USD $5000. I am using similar technique for trading forex. Thanks