Wednesday, March 2, 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 )


  1. Hello there

    any news about entering fcpo?

    are you anticipate today would be bullish, long at 3600?

  2. Hi,
    It looks good to long at 3600 actually. But the daily chart would appear as 'Hangman' which could be a reversal pattern.