Friday, October 30, 2009

Position Close: Long CPO Jan 2009 at 2153


I turned long at 2153 right after I closed my previous short position as the stochastic turned up from oversold area.
The details:
Date of entry: 29 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2153
Volume: 1 Contract

The price hit my stop loss level at 2169 when market reopen at around 3:10pm with a bit of profit of RM 350.
The details:
Date of exit: 30 Oct 2009
Action: Long to close position
Longed Price: 2169
Profit: RM 350 (2169-2153-2=14 points)
My balance now is RM 37,500 after the profit of RM 350.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Short FKLI at 1247.50


I shorted FKLI Oct 2009 Future Contract at 1247.5 when the price broke the previous low of 1253. I tried to short at a better price but the dropping speed is too fast that by the time I got my trade, it already hit 1247 and 1247.5. Stochastic of 2 hour is also down.
The details:
Date of entry: 27 Oct 2009
Trade Code: 20091027a
Action: Short Oct 2009 Future Contract
Shorted Price: 1247.50
Volume: 2 Contracts

I closed my long position at the open when price gapped up with almost 10 points.
The details:
Date of exit: 30 Oct 2009
Action: Long to close FKLI Oct 2009 Future Contract
Longed Price: RM 1247.50
Loss: RM 100 (this is the commission that I lost)
The balance of my account now is RM 37,150 after the above loss of RM 100.

Thursday, October 29, 2009

Open Trade: Short CPO Jan 2009 Future Contract


I shorted CPO Jan 2009 future contract at 2221 with the reason 1) it broke yesterdays' low of 2227 and 2) 1 hour Stochastic turned down from overbought area.
The details:
Trade Code: 20091026a
Date of entry: 26 Oct 2009
Action: Short CPO Jan Future Contract
Shorted Price: 2221
Volume: 1 Contract

The price finally hit my stop loss level at 2154 with a gain of 67 points.
The details:
Date of exit: 29 Oct 2009
Action: Long to close CPO Jan 2009 Future Contract
Longed Price: 2154
Profit: RM 1625 (2221-2154-2=65 points)
The balance of my account now is RM 37,250 after the above profit of RM 1625.

Friday, October 23, 2009

Close Long CPO Jan2009 At Open: 2205


I got in to long at the open when price hit way above 2200. I am not comfortable but I just do what I have to do.
The details:
Trade Code: 20091022a
Date of entry: 22 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2205

The price hit my stop loss level of 2231 with 26 points.
The details:
Date of exit: 23 Oct 2009
Action: Short to close long position
Shorted Price: 2231
Profit: RM 600 (2231-2205-2= 24 points)
The balance of my account now is RM 35,625 (The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Thursday, October 22, 2009

Long FKLI Oct 2009 Future Contract at 1261


I longed FKLI Oct 2009 Future Contract at 1261 right after I was stopped out my short position which was done Yesterday.
The details:
Trade Code: 20091016
Date Of Entry: 16 Oct 2009
Action: Long FKLI Oct 2009 Future Contract
Longed Price: 2161
Volume: 2 Contracts

My stop loss was 1256 but I was filled with 1253.50 lossing 7.5 points. I have nothing to say. I am following my trading system. It is hard to see from profit turned into losses.
The details:
Date of exit: 22 Oct 2009
Action: Short to close position
Shorted Price: 1253.50
Loss: RM 850 (1261-1253.50+1= 8.5 points)
My balance now is RM 35,025 after the loss of RM 850.

Wednesday, October 21, 2009

Close Postion: Short CPO Jan 2009 at 2195


I turned short right after closing up my long position at 2195.
The details:
Trade Entry: 20091020c
Date of entry: 20 Oct 2009
Action: Short CPO Jan 2009 Future Contract
Shorted Price: 2195
Volume: 1 Contract

The price hit my stop loss level at 2175 with 20 points again. Not a lot profit but better than nothing.
The details:
Date of exit: 21 Oct 2009
Action: Long to close my short position
Longed Price: 2175
Profit: RM 450
My account balance now is RM 35,875 after the profit of RM 450.
For my account details, please check (The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, October 20, 2009

Long CPO Jan 2009 at the open - 2211


I longed CPO Jan 2009 Future Contract at the open with the price of 2211. The price broke the mini down trend line (in blue).
The details:
Date of entry: 20 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2211
Volume: 1 Contract

I was stop out at 2195 lossing 16 points. This is not a right trade for me. Technically, the price did not break previous high.
The details:
Action: Short to close CPO Jan 2009 Future Contract
Short Price: 2195
Loss: RM 425 (2211-2195+1=17 points x RM 25= RM 425)
My account balance now is RM 35,425 after the above loss of RM 425.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Monday, October 19, 2009

Closed Trade 20091016b: Long CPO Jan 2009 Contract at the close


I keyed in earlier to long CPO Jan 2009 Future Contract at 2178 and I got them at the close. Technically speaking, the price broke above and stayed above the down trend line (in blue). I had no choice but to follow what technical analysis was showing me. It was hard actually but I did it.
The details:
Date Of Entry: 16 Oct 2009
Action: Long CPO Jan 2009 Future Contract
Longed Price: 2178 (at the close)
Volume: 1 Contract

The prcit hit my stop loss level at 2188 (I actually keyed in 2189 but got it at 2188 which is 1 point lower) with a little profit of 8 points, 2 points for commission.
The details:
Date Of Exit: 19 Oct 2009
Ation: Short to close position
Shorted Price: 2188
Profit: RM 200 (2188-2178-2=8 pints) (8 points x RM25 = RM200)
The balance of my account now RM 35,850 after the profit of RM200.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Friday, October 16, 2009

Close Short Position of FKLI Oct 2009 at 1260


I further shorted FKLI Oct 2009 Future Contract at 1246 when I was stopped out my previous long position (the longest holding trade). The price broke down below the recent low 1252 (based on 2 hour chart).

The price reached my stop loss level at 1260 lossing RM 1600.
The details:
Date: 16 Oct 2009
Action: Long to close my position
Longed Price: 1260
Volume: 2 contracts
Loss: RM 1600 (1260-1246+1=15 points) (15points x 2 x RM50 = RM 1500).
My account balance now is RM 35,650 after the loss of RM 1500.

Trade 20091015: Short CPO Dec 2009 Future Contract at 2161


I open short position at 2161.
The details:
Date: 15 Oct 2009
Shorted Price: 2161
Volume: 1 Contract

Date: 16 Oct 2009
Action: Close my short position
Longed Price: 2164
Loss: RM 125 (2164-2161+2=5 points)
The balance of my account now RM 37,150 after the loss of RM 125.
Note: Today is the first day of active month for Jan 2009 Future Contract. I will focus on Jan 2009 contract from now on till 15 Nov 2009.

Thursday, October 15, 2009

Closed My Longest Trade: Long FKLI Oct 2009 Future Contract at 1214


I long FKLI Oct 2009 future contract at 1214 when the price broke above the high of 1213 (refer to 2 hourly chart).
The trade details:
Date Of Open Trade: 4 Oct 2009
Action: Long FKLI Oct 2009 Future Contract
Price Longed: 1214
Volume: 2 Contracts

My longest holding trade closed at last with a profit of RM 3100 (1246-1214-1=31 points). The price broke the recent low (I called it support line) of 1252.
The balance of my account now is RM 37,275 after the profit of RM 3100.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Wednesday, October 14, 2009

IntraDay Lossing Trade 20091014: Short CPO Dec 2009 Future Contract


I had an intraday trade lossing 26 points; long at 2185 & stopped out at 2160 (at the close) when the price broke above recent high 2178. What can I say? A trade is a trade and the market will do anything it liks.
The details:
Date: 14 Oct 2009
Long Price: 2185
Volume: 1 Contract
Short Price: 2160
Loss: RM 650 (2185-2160+1=26 points)
The balance of my account now RM 34,175 after the loss of RM 650.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, October 13, 2009

Short To Close Position: Long CPO Dec 2009 At Close: 20091009b


I could not believe myself but I did it. I longed again at the close (2085) with 1)Candlestick bullish engulfing pattern at the close 2) Stochastic (1 hour) is still up representing bullish trend.
The details:
Date Entry: 9 Oct 2009
Price Longed: 2085
Volume: 1 Contract

My long position was stopped out at 2159 (hit my stop loss level) with a profit of RM 1800 (2159-2085-2=72 points).
The details:
Date: 13 Oct 2009
Price Short To Close: 2159
Volume: 1 Contract
Profit: RM 1800 (2159-2085-2=72 points)
Reason to close:
1) Price broke below the morning's low 2165
2) Stochastic 1 hour turned down from overbought area.
The balance of my account now is RM 34,825 after the profit of RM 1800.

Friday, October 9, 2009

Tough Trade 20091008c: Short CPO Dec 2009 at 2040


I placed a sell stop order at 2046 but the price was triggle at 2040; 6 points lesser. This is a tough game; fast and furious! I am nervous actually, but I have to focus on the game plan.

The price hit my stop loss again. This time it is at 2077 lossing RM 975 (2077-2040+2=39 points). It seems that the market is acting weird. I have no choice but to close my position. It really is a tough trade; stopped out here and there. I have to follow the rules no matter what and how I feel.
The balance of my account now is RM 33,025 after another loss of RM 975 caused by this trade.

Thursday, October 8, 2009

Open Trade 20091008a: Short CPO Dec 2009 Future Contract at 2061


I shorted CPO Dec 2009 Future Contract at 2061 (1 Contract) as 1) The price broke below the support line and 2) Stochastic (1hour) is now down.

The price hit my stop loss of 2083 lossing RM 575 (2083-2061+1=23 points).
The balance of my account now is RM 34,000 after the loss of RM575.

Wednesday, October 7, 2009

Closed Trade 20091006: Long CPO Dec 2009 Future Contract at 2062


I longed CPO Dec 2009 future contract at 2062 soon after I closed my short position.
The details:
Date (Open Trade): 6 Oct 2009
Volume: 1 Contract

I was stop out at 2072 with a little profit of RM 200 (2072-2062-2=8 points). Stochastic 1 hour is tuning down also.
The balance of my account nos is RM 34,575 after adding on the profit of RM200.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, October 6, 2009

Closed Trade: Short CPO Dec 2009 Future Contract


I shorted CPO Dec 2009 at 2090 at around 1130am when support line was broken (refer to chart).
The details:
Date (Open Trade): 2 Oct 2009
Action: Short Dec 2009 CPo Future Contract
Volume: 1 Contract

Date (Holding Trade): 5 Oct 2009
I am still holding the trade and I place a close stop loss level just in case the price going againts me.

Date (Close Trade): 6 Oct 2009
I closed the position when price went up 2062.
Profit: RM 650 (2090-2062-2=26 points)
The balance of my account now is RM 34,375 after the profit of RM650

Thursday, October 1, 2009

Action 20091001: Long FKLI Oct 2009 Future Contract at 1212.50

I longed FKLI Oct 2009 Future contract at the price of 1212.50 at 1245pm. (I will provide the chart tomorrow).
The followings are the details:

Date of Long: 01 Oct 2009 (Open Trade)
Volume: 2 contracts
Longed Price: 1212.50

Date of closing trade: 02 Oct 2009
Volume: 2 contracts
Shorted Price: 1199.50
Loss: RM 1400 (1212.50 - 1199.50 + 1=14 points)
Comment: Again, I was stopped out. The price hit 1199 at the open and I managed to close it at 1199.50 lossing RM 1400. I am following my trading system so even if I loss I feel ok.
My balance of the account now is RM 33,725 after the loss of RM1400

Action 20090930: Short FKLI Oct 2009 Future Contract at 1204.5


Date: 30 Sept 2009
I carried forward my short position by further shorting Oct 2009 future contract at 1204.50 (2 contracts) soon after I closed my short position of Sept 2009. My stop loss will be shallow as the market has been down and there is high chance that the price will bound up.
Comment: I am not really convinced for this trade as
1) 1 Hour Stochastic turned up and
2) The pattern of the candle stick is bullish
Date: 1 Oct 2009
I was stoped out at 1212.5 in the morning lossing RM 900 (1212.50-1204.50+1=9 points).
My balance for the account is RM 35,125 after the loss of RM 900.