Monday, November 8, 2010

Exit FCPO - Candle Stick Shooting Star


Date of entry: 28 Oct 2010
Long FCPO - Bullish Engulfing
I initiated long CPO Jan 2010 future contract again for 1 contract. It is a bullish engulfing candlestick pattern. There is a high chance of continue trend. I am really not comfortable as I was stopped out yesterday and now I longed again at much higher price.

Date of exit: 8 Nov 2010
Exit FCPO - Candle Stick Shooting Star
I shorted to exit the trade at 3286 with a gain of 208 points. It is a candle stick shooting star emerged. No body knows for sure what the next direction the price will be, but one thing is sure; my 208 gain points.


The balance of my account is RM 35,825 after the profit of RM 5200 (208points x RM25 x1 contract = RM 5200)
(The details of my account is at My Future Trading Account Records 2010 )

6 comments:

  1. 哗! cpo 涨得好犀利阿!

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  2. well, looks like your strategy works well more often in CPO than FKLI on buying on the breakout...lengchai6

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  3. Yes LengChai6,

    It looks that way. CPO is based on daily chart and FKLI is based on 2 hourly chart.

    Abel

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  4. Abel, when you want take gains? remember to update, ok?

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  5. congrats bro. tt lim is envious of your TA skill..

    ReplyDelete