Wednesday, September 30, 2009

Action 20090925: Short FKLI Sept 2009 Future 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: 25 Sept 2009 (Day 1: Open Trade)
Action: Short FKLI Sept 2009 Future Contract
Short Price: 1214
Volume: 2 contracts
Initial Stop Loss: 1225
Reason To Long:
Price dropped below recent low (refer to the 4 hour candle stick chart)

Date: 29 Sept 2009 (Day 4: Close Trade)
Action: Long to close position
Long Price: 1203.50
Profit: RM 950 (1214-1203.50-1=9.5 points)
Reason to close Position:
1) 1 Hour Stochastic turned up from oversold area
2) Sept 2009 month ended
My balance for the account is RM 36,025 after the profit of RM950

Monday, September 28, 2009

Action 20090928: Short CPO Dec 2009 Future Contract

I shorted Dec CPO at 2127 soon after I was stopped my long position carried forward from last Friday which lost RM300.
The reason of shorting:
1) Stochastic of 1 hour (I use 1 hour chart mostly of the time now) started turning down
2) Most of the markets are down; Stock markets, other commodities and currency against USD etc.

The followings are the details:
Date: 28 Sept 2009 (Day 1: Open Trade)
Action: Short CPO Dec 2009 Fututre Contract
Short Price: 2127
Volume: 1 contract

Date: 29 Sept 2009 (Day 2: Close Trade)
Action: Long to close position
Shorted Price: 2121
Profit: RM 100 (2127-2121-2=4points)
Reason to close Position:
1) Hit my buy stop price at 2121
2) 1 Hour Stochastic turned up
My balance for the account is RM 35,075 after the profit of RM100

Sunday, September 27, 2009

Action 20090924b: Long CPO Dec 2009 Future Contact

(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: 24 Sept 2009 (Day 1: Open Trade)
Action: Long CPO Future Dec 2009 Contract
Long Price: 2130
Volume: 1 contract
Initial Stop Loss: 2083 (6 points below today's low of 2089)
Reason To Long:
1) The price broke above the earlier's high (today I mean) of 2123+6points.
2) Stochastic of 1 hour chart is turning up from oversold area.
Comment: I had my lossing trade earlier (refer to my action 20090924) yet I went again (reverse my position to long) as the technical anaysis showed me the way. Honestly, it is hard to do that but I have to do it as a good trader.

Date: 28 Sept 2009 (Day 2: Close Trade)
Action: Short to close position
Shorted Price: 2120 (hit my stop loss level at 2121)
Loss: RM 300 (2130 - 2120 + 2= 12points)
Reason to close Position:
1) Price hit my stop loss level of 2121 and ended up at 2120 to close my long position. I will have to follow my trading system, when price reaches my stop loss level, I have to act upon it no matter how I feel.
Note:
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 35,275 as deposit and now RM 34,975 after the loss of RM 300

Please refer to 'My Future Trading Account Records' for details.

Thursday, September 24, 2009

Action 20090924a: Short CPO Dec 2009 Contract (Intraday Trade)

(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: 24 Sept 2009 (Day Trade: Intra Day Trade)
Action: Short CPO Future Dec 2009 Contract
Short Price to open trade: 2100
Long to close: 2132
Volume: 1 contract
Reason to Short: The price formed a bearish engulfing pattern, there was chance that the down trend could continue, But it did not.
Reason long to close: Instead of going down the price hit today's high of 2130 which was my stop loss level. I closed the position with a loss of RM 825 (2132-2100+1=33 points). I adjusted my stop loss level to today's high to minimize my loss since I have been lossing for the last 3 trades.
Note:
1. One points of CPO Future = RM 25
2. Commission needed for buy and sell is RM25 without carrying overnight so we need 1 points to break even
3. Margin (Minimum Deposit for holding overnight) = RM 8000
4. I have RM 36,100 as deposit and now RM 35275 after the loss of RM 825
Please refer to 'My Future Trading Account Records' for details.

Monday, September 14, 2009

Action 20090914: 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: 14 Sept 2009 (Day 1: Open Trade)
Action: Short CPO Future Nov 2009 Contract
Long Price: 2092
Volume: 1 contract
Initial Stop Loss: 2125 (6 points above today's high of 2119)
Reason To Short:
1) Price stayed below moving average of both high & low
2) Price formed bearish engulfing candlestick pattern
3) Stochastic is still down indicating price is still in down trend mode

Date: 16 Sept 2009 (Day 3: Close Trade)
Action: Long to close position
Shorted Price: 2140
Loss: RM 1250 ( 2140-2092+2=50 points )
Reason to close Position:
1) Price went above my stop loss level 2125 and I closed at the open this morning at 2140.
Comment:
I have been lossing for the last 3 trades. I did what I supposed to do. I followed my trading rules. It did not work at my favour, so I will have to be calm and keep on trying as long as I follow my rules.
Note:
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 37,350 as deposit and now RM 36,100 after the loss of RM 1250
Please refer to 'My Future Trading Account Records' for details.

Thursday, September 10, 2009

Action 20090910: Long 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: 10 Sept 2009 (Day 1: Open Trade)
Action: Long CPO Future Nov 2009 Contract
Long Price: 2226
Volume: 1 contract
Initial Stop Loss: 2164 (6 points above yesterday's low of 2170)
Reason To Long:
1) Price broke yesterday high of 2217. The movement is really fast & furious. By the time I wanted to long when the price hit above 2217, the price went as high as 2230, so I placed a long order at 2226. I got the price 15 minutes later
2) Stochastic of 2 hour chart is now up again.

Date: 10 Sept 2009
Action: Short to close position
Shorted Price: 2161
Loss: RM 1675 ( 2226-2161+2=67 points )
Reason to close Position:
1) Again, my stop loss was hit at 2170.
Comment:
The price acted abnormally for this two days; broke up then broke down again. This could mean consolidation ahead. I close my position and watch at side line.
Note:
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 39,025 as deposit and now RM 37,350 after the loss of RM 1675
Please refer to 'My Future Trading Account Records' for details.

Wednesday, September 9, 2009

Action: 20090909 Long CPO Future Nov 2009 Contact at 2209

(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: 9 Spet 2009 (Long and short the same day)
Action: Long CPO Future Nov 2009 Contract
Long Price: 2209
Volume: 1 contract
Short To Close At: 2177
Loss: RM 850 (2209-2177+2=34 points loss)
Reason To Long:
1) Price broke above the moving average high (pink line), there was high chance of the up trend continue.
2) Price went higher than the previous high of last two candlestick bar
Reason Short to close:
1) Price went below the recent low of 2181.
I closed my position as the price failed to continue the up trend. I choosed to stay aside and wait for a clearer signal.
Note:
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 39,875 as deposit and now RM 39,025 after the loss of RM 850
Please refer to 'My Future Trading Account Records' for details.

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
Comment:
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)
Note:
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.