Thursday, September 30, 2010

FKLI - Long To Close All


Date of entry: 28 Sept 2010
Short FKLI On Break Below Moving Average
I initiated short position of FKLI Sept 2010 at 1460 for 2 contracts. The price is slightly at the bearish side as it broke below the moving average low.
I still have two and the half days for this trade.

Date of exit1: 29 Sept 2010
FKLI - Long To Exit Half Of My Position
I longed to close 1 contract at 1458.5 with 0.5 point profit as the price did not stay at the low forming some kind of hammer candle stick pattern. Looking at daily chart, it formed a dogi indicating a uncertainty market.


Date of exit2: 30 Sept 2010
FKLI - Long To Close All
My stop loss was hit at 1466 with a loss of 7 points including 1 point commission added.


The balance of my account is RM 28,025 after the loss of RM 325 (6.5points x RM50 x1contract = RM325) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, September 29, 2010

CPO - Exit Long Position


Date of entry: 24 Sept 2010
Long CPO - Bullish Candle Stick Pattern
I longed CPO Dec 2010 Future Contract at 2709 for 1 contract. It is a white bullish candle. There is higher chance that the market could continue the upside.

Date: 27 Sept 2010
CPO - Potential Reversal
The price opened with a gap at 2755 and closed well above recent high of 2733 at 2735. I was nervous at time when the price dropped to 2717 (the low of the day). With the formation of 'hang man candle stick pattern', there is potential weakness market tomorrow. The price did not successfully maintained at the high.

Date of exit: 29 Sept 2010
CPO - Exit Long Position
I exited the long position at 2711 with a break-even since the price did not continue the up side. It might stay at range bound for the time being. Until there is break out, I will stay aside and wait

Thursday, September 23, 2010

FKLI - Exit On My Target Price


Date of entry: 22 Sept 2010
I Am In Again: Turn Short FKLI
I reversed my position of FKLI Sept 2010 Future Contract to short at 1474 for 2 contracts. I am not really comfortable with this trade. I simply try to get in earlier short position.

Date of exit: 23 Sept 2010
FKLI - Exit On My Target Price 1453
The price plunged drastically to my target price of 1453 with a gain of 20 points after 1 point for commission.


The balance of my account is RM 28,350 after the profit of RM 2000 (20points x RM50 x2contracts = RM2000) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, September 22, 2010

FKLI Stop Loss Also Hit


Date of entry: 20 Sept 2010
FKLI Long Order Was Filled
I placed long order earlier and I was filled after 17:00 at the price of 1472 for 2 contracts. With 2 consecutive bullish candle there is high chance that the price would continue the upside after the previous correction for almost 7 sessions (candle bars) plus the price stayed above moving average now.

Date of exit: 22 Sept 2010
FKLI Stop Loss Also Hit
My stop loss of 1476.50 also hit with a little gain of 3.5 points after deducting 1 point for commission.


The balance of my account is RM 26,350 after the profit of RM 350 (3.5points x RM50 x2contracts = RM350) (The details of my account is at My Future Trading Account Records 2010 )

Stop Loss Hit Yesterday


Date of entry: 20 Sept 2010
Long CPO At Sky High Price!
I longed CPO Dec 2010 Future Contract at 2711. I wanted to long at the open but I waited till it went higher than the opening price; 2700 then I initiated my long position. It is a strong gap up, what can I say!

By the way, Bean oil future (project A) is currently up by 0.81 to 42.72. Crazy Market!


Date of exit: 21 Sept 2010
Stop Loss Hit Yesterday
I was stopped out at 2678 losing 35 points with 2 points commission included. This deal was done yesterday late evening and I was not aware of it till this morning before the market open. My broker did not call me.


The balance of my account is RM 26,000 after the loss of RM 875 (35points x RM25 x1contract = RM875) (The details of my account is at My Future Trading Account Records 2010 )

Friday, September 17, 2010

FKLI - Exit On Break-Even


Date of entry: 17 Sept 2010
Long FKLI - Break Up Again!
I did not manage to long early in the morning as the price moved way beyond my entry price. I locked my long position when the price made a minor correction at 1480.50. I will exit this trade based on candlestick chart pattern.

Date of exit: Same Day
FKLI - Exit On Break Even
I exited on break-even at 1481.50. There is no clear reason for my exit action actually. I exited purely based on the previous candlestick bar formation; Hanging Man Reversal Pattern. If I am wrong, I will reenter the market again. I know, this will only make my remisier happier. I am ok with that.

Wednesday, September 15, 2010

CPO - Exit On My Stop Loss Level


Date of entry: 6 Sept 2010
Long CPO Nov 2010 At The Open
I longed CPO Nov 2010 Future contract for one contract at the open at the price of 2590. It is a breakup and the price is now at above moving average.

Date: 15 Sept 2010
CPO - Waiting To Be Executed
CPO yesterday closed at 2643 forming a bearish engulfing candlestick pattern. Technically speaking, the current up trend is over for now and a sideway is ahead. I am still holding my long position and waiting to be 'executed'. My stop loss is near.

Date of exit: 15 Sept 2010
CPO - Exit On My Stop Loss Level
My Position was finally executed. The price hit my stop loss at 2623 with a gain of 31 points only.


The balance of my account is RM 26,875 after the profit of RM 775 (31points x RM25 x1contract = RM775) (The details of my account is at My Future Trading Account Records 2010 )

Tuesday, September 14, 2010

Short to Close FKLI Long Position


Date of entry: 13 Sept 2010
Do You Dare? I Reenter To Long FKLI Again
The price continued so I had no choice but to reenter my long position at 1461.50 for 2 contract of Sept 2010 Future Contract.

Date of exit: 14 Sept 2010
Short to Close FKLI Long Position
I closed my long position at 1473 with a gain of 10.5 points for each contract after deducting 1 point commission. This is not my usual method to exit; I am using violation method. Since it has been up and hit almost 40 points higher from last week closed price, I exited the trade. 10.5 point profit is good enough for me


The balance of my account is RM 26,100 after the profit of RM (10.5points x RM50 x2contracts = RM1050) (The details of my account is at My Future Trading Account Records 2010 )

Monday, September 13, 2010

FKLI - Exit On 9 Point Profit


Date of entry: 13 Sept 2010
Meaningful Break Up: Long FKLI
I was not very comfortable when I saw the break up this morning so I only long 1 contract of FKLI Sept 2010 future contract at 1447. It turned out this is a meaningful break up. It looks like we are heading to a new high for now.

Date of exit: Same Day
FKLI - Exit On 9 Point Profit
I closed my position at 1457 with a gain of 9 points after deduction 1 point for commission.I do not have strong reason to exit actually


The balance of my account is RM 25,050 after the profit of RM 450 (9points x RM50 x1contract = RM450) (The details of my account is at My Future Trading Account Records 2010 )

Friday, September 3, 2010

Not Again Please!! Correction Hit My Stop Loss


Date of entry: 1 Sept 2010
Long FKLI Again - Potential Continuatiioin Of Trend
I longed FKLI Sept 2010 Future Contract again at 1435 for 2 contracts. There is high chance of continuation of trend since the price stays well above moving average. It is hard to long after I have just loss my long position.

Date of Exit: 3 Sept 2010
Not Again Please!! Correction Hit My Stop Loss
The price just can not continue the up trend and hit my stop loss level at 1432.5 with a loss of 3.5 for each contract including 1 point for commission.

My account shrinks with 2 consecutive losses both for FCPO and FKLI. Tough Day For Me!

The balance of my account is RM 24,600 after the loss of RM 350 (3.5points x RM50 x2contracts = RM350) (The details of my account is at My Future Trading Account Records 2010 )

CPO - Stop Loss Hit


Date of entry: 1 Sept 2010
Short CPO Nov 2010
I shorted CPO Nov 2010 Future Contract at 2515 for one contract. This could be the start of another round of price plunges.

Date of Exit: 3 Sept 2010
CPO - Stop Loss Hit
The price hit my stop loss level at 2565 with a loss of 52 points including 2 points for commissions.

It looks like CPO is in sideway mode for now. I rather stay aside and wait for breakout.

The balance of my account is RM 24,950 after the loss of RM 1300 (52points x RM25 x1contract = RM1300) (The details of my account is at My Future Trading Account Records 2010 )

Wednesday, September 1, 2010

Stop Loss Hit At 1326.5


Date of entry: 1 Sept 2010
Long FKLI In the Morning
I longed FKLI at 1432 for 2 contracts in the morning session. Everything seemed bullish at times.

Date of exit: Same Day
Stop Loss Hit At 1326.5
My position was hit at the stop loss price at 1326.5 with a loss of 6.5 points for each contract.


The balance of my account is RM 26,250 after the loss of RM 650 (6.5points x RM50 x2contracts = RM650) (The details of my account is at My Future Trading Account Records 2010 )