Thursday, March 31, 2011

Exit FCPO To Feel The Profit Again


Date of entry: 30 March 2011
Long FCPO On Break Up
I initiated long position for FCPO June 2011 Future Contract for 1 contract.
The Reason To Long: The price broke above moving averages of high and low

Date of exit: 31 March 2011
Exit FCPO To Feel The Profit Again
I exited the trade at 3330 with a little gain of 28 points. Sometimes, it is important to feel the profit again.
There are three candles with long tail indicating that the uptrend is suppress by selling pressure.

The Profit: RM700 (28points x RM25 x 1contract = RM700)


The balance of my account is RM23,800 after the profit of RM700.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, March 29, 2011

Stopped Out FKLI At 1521


Date of entry: 28 March 2011
Reversed To Short FKLI For The Broken Down
I reversed to short FKLI March 2011 future contract at 1508.5 for 3 contracts. It is a break down and stayed below moving averages.

The Concern:
1. Both KLCI and FKLI of the daily chart turned to be still above moving averages.
2. And also the 2 hourly chart of KLCI



Date of exit: 29 March 2011
Stopped Out FKLI At 1521
My position was stopped out at 1521 with a loss of 13.5 points (1 point commission included).

The Loss: RM2,025 (13.5points x RM50 x 3contracts = RM2,025)


The balance of my account is RM12,500 after the loss of RM2,025.
(The details of my account is at My Future Trading Account Records 2011 )

Exit FCPO Short Position


Date of entry: 29 March 2011
Short FCPO At The Open
I shorted FCPO June Future Contract at 3239 at the open for 1 contract. It is a break down and a gap. It is still below moving averages.

Date of exit: Same Day
Exit FCPO Short Position
I longed to close at 3255 with a loss of 17 points with 1 point for commission.

The Loss: RM425 (17points x RM25 x 1contract = RM425)


The balance of my account is RM23,100 after the loss of RM425.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, March 28, 2011

FKLI - Stop Loss Triggered


Date of entry: 25 March 2011
Long FKLI On The BreakUp
I longed FKLI March 2011 future contract on the break up of this week high for 3 contracts.

Date of exit: 28 March 2011
FKLI - Stop Loss Triggered
My stop loss was reached at 1510 with a loss of 9 points for each contract.

The Loss: RM1,350 (9points x RM50 x 3contracts = RM1,350)


The balance of my account is RM14,525 after the loss of RM1,350.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, March 25, 2011

Long To Exit At 3262


Date of entry: 25 March 2011
Short FCPO For Short Term Trade
I shorted FCPO June 2011 future contract at 3248 for 1 contract. It broke down below the low of the candle stick reversal pattern; open high close low.
Date of exit: Same day
Long To Exit At 3262
I longed to close the position at 3262 with a loss of 15 points with 1 point commission included.

The Loss: RM375 (15points x RM25 x 1contract = RM375)


The balance of my account is RM23,525 after the loss of RM375.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, March 24, 2011

Protect My Profit To Close 3247


Date of entry: 23 March 2011
Short FCPO Now
I shorted FCPO June 2011 future contract at 3317 for 1 contract. It broke down the low of today's previous low after touching the moving average low (blue line). Both 2 hourly chart and daily chart are bearish now; below both high and low moving averages.

The Concern: The price still did not break the low of yesterday which is a support;3291


Date of exit: 24 March 2011
Protect My Profit To Close 3247
I longed to close at 3247 with a gain of 68 points after deducting of 2 points for commission. The bullish candle speaks it well that the market is over sold.

The Profit: RM1,700 (68points x RM25 x 1contract = RM1,700)


The Comment: It looks like a 100 points gain in FCPO trade is the way to go. My trading experience showed me that the chances for the rebound is very great after reaching 100 points gain.
I will use 100 points profit as my profit target from now.


The balance of my account is RM23,900 after the profit of RM1,700.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, March 23, 2011

Short To Close & Stay Aside


Date of entry: 23 March 2011
Long FKLI For Potential Continuation Of Trend
I reentered long position of FKLI of March 2011 future contract at 1510.5 for 3 contracts. There is high chance that the market will rebound after touching the moving average - high (the purple line).

Date of exit: Same Day
Short To Close & Stay Aside
I shorted to close my long position at 1508.5 with a loss of 3 points after 1 point commission is included. There is no strong reason to exit except that the price did not continue the upside. With some kind of shooting star and a long tail, I am not willing to risk further. I will reenter the long position if the price continue the upside and breaks above today's high.

The Loss: RM450 (3points x RM50 x3contracts = RM450)


The balance of my account is RM15,875 after the loss of RM450.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, March 21, 2011

Short To Lock Profit - CPO


Date of entry: 18 March 2011
Long FCPO June Contract
I longed FCPO June 2011 future contract at 3408 for 1 contract.
Reason To Long 1) The price is above both moving averages
Reason To Long 2) The price formed a bullish candle stick pattern on 2 hour chart.

Date of exit: 21 March 2011
Short To Lock Profit - CPO
I shorted to close the position at 3455 with a gain of 45 points (47points - 2points commission). The black candle stick pattern indicates weak market. I did not want to risk any further.

The Profit: RM1,125 (45points x RM25 x 1contract = RM1,125)


The balance of my account is RM22,200 after the profit of RM1,125.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, March 18, 2011

Exited FKLI Long Position


Date of entry: 17 March 2011
Long FKLI For Potential Rebound
I longed FKLI future contract March 2011 at 1488.5 for 3 contracts. It reached between the moving averages indicating a potential rebound.
This is obviously not a comfortable trade as I am kind of against the major trend. Holding over night could be deadly.

Date of exit: 18 March 2011
Exited FKLI Long Position
I shorted to exit the trade at 1496 with a gain of 6.5 points after deducting 1 point for commission.

The Profit: RM975 (6.5points x RM50 x3contracts = RM975


The balance of my account is RM16,325 after the profit of RM975.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, March 10, 2011

CPO - Long To Lock Profit


Date of entry: 8 March 2011
Short FCPO - Potential Breaking Down
I shorted FCPO May 2011 future contract at 3571 for 1 contract. It broke down the recent low of moving average (green line) of 3585.
It turned out I shorted at the lowest of the day.


Reason To Short:The daily chart of FCPO is still below the moving averages

The Concern: The price still maintains between the moving averages.





Date of entry: 10 March 2011
CPO - Long To Lock Profit
I longed to close the position at 3463 with a gain of 106 points after deducting 2 points for commissions. The dogi candle stick pattern with long tail for the high and the low indicating that the current plunge could be resting.

The Profit: RM2,650 (106points x RM25 x 1contract = RM2,650)


The balance of my account is RM21,075 after the profit of RM2,650.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, March 8, 2011

Short To Close FKLI - Long Tail Means Uncertain


Date of entry: 7 March 2011
Long FKLI March 2011 Future Contract
I longed FKLI March 2011 future contract at 1518.5 for 3 contracts. It is a bullish engulfing candlestick pattern after touching the moving average (purple line).

Date of exit: 8 March 2011
Short To Close FKLI - Long Tail Means Uncertain
I shorted to close FKLI this morning at 1819.5 with a breakeven as the price did not maintain at the high after touching 1529 forming a candle stick with a long tail.Two long tail appeared in a series of the surge would mean a temporary consolidation. Stepping side and waiting seemed to be the only way.

Thursday, March 3, 2011

Exited FKLI For 10 Points Profit Target


Date of entry: 2 March 2011
Long FKLI For 1 Contract Only
I longed 1 contract of FKLI March 2011 at 1493.5. I felt loosing the grip so I reduced the size to only 1 contract. FKLI like yesterday stayed slight above the moving average high.
Date of exit: 3 Feb 2011
Exited FKLI For 10 Points Profit Target
My 10 points profit target was reached at 1504.5. It is a consolation for me.

The Profit: RM500 (10points x RM50 x 1contract = RM500)


The balance of my account is RM15,350 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, March 2, 2011

Long And Close With A Loss OF 50 Points - FCPO


Date: 2 Feb 2011
I longed FCPO May future contract at the open at 3570 and shorted to close at 3520 which cost me 51 points for 1 contract. I admit that I was nervous and did not act correctly. I should hold on to the long till my stop loss level was hit but I did not. This is the price I am paying for not following my trading rules.

The Loss: RM1,275 (51points x RM50 x 1contract = RM1,275)


The balance of my account is RM18,425 after the loss of RM1,275.
(The details of my account is at My Future Trading Account Records 2011 )

Reversed To Short FKLI At 1484.5


Date of entry: 2 Feb 2011
Reversed To Short FKLI At 1484.5
I turned shorting FKLI Feb 2011 future contract at 1484.5 after it tested 1481.5. Again, trading at this kind of market condition really sucks.

Date of exit: Same Day
I longed to close the position at 1489.5 with a loss of 6 points for each contract. The price failed to drop lower. I exited the trade and stay sideline.

The Loss: RM900 (6points x RM50 x 3contracts = RM900)


The balance of my account is RM14,850 after the loss of RM900.
(The details of my account is at My Future Trading Account Records 2011 )

Short To Cut Loss At The Open - FKLI


Date of entry: 1 March 2011
Long FKLI March 2011 - Not A Comfortable Trade
I longed FKLI March 2011 future contract at 1495.5 for 3 contracts. It broke moving average low (blue green line) but still below moving average high (the pink line). I am not really comfortable with this trade as I am kind of against the trend (down trend). My stop loss is placed just in case the price goes against my position.

Date of exit: Feb 2011
Short To Cut Loss At The Open - FKLI
I shorted to close my position at the open at the price of 1487.5 with a loss of 9 points for each contract.

The Loss: RM1,350 (9points x RM50 x 3contract = RM1,350)


The balance of my account is RM15,750 after the loss of RM1,350.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, March 1, 2011

Long To Exit FCPO - Price Failed To Drop Lower


Date of entry: 28 Feb 2011
Short FCPO May 2011
I shorted FCPO May 2011 future contract for 1 contract at 3523. The price started to drop after touching moving average low of 3545 indicating that the down trend might continue. FCPO is below moving averages of high and low for 2 hourly chart and daily chart.

Date of exit: 1 March 2011
Long To Exit FCPO - Price Failed To Drop Lower
The price failed to make new low this morning. I longed to exit my position at 3492 with a gain of 29 points after deducting two points for commission. Not a lot, but better than nothing.

The Profit: RM725 (29points x RM25 x 1contract = RM725)


The balance of my account is RM19,700 after the profit of RM725.
(The details of my account is at My Future Trading Account Records 2011 )