Wednesday, July 20, 2011

Final Exit FCPO At 3139


Date of entry: 19 July 2011
Long FCPO Again
I longed FCPO Oct 2011 Future Contract at 3105 for 2 contracts. It is a break up. What can I say.

Date of exit1: 21 July 2011
1st Exit - Short FCPO To Close One
I shorted to exit FCPO half of my position (1 contract) at 3149 for 42 points again.The bearish candle emerged after touching the high of 3164. It is a first warning.

Date of exit2: 21 July 2011
Final Exit FCPO At 3139
I exited the final contract at 3139 with a gain of 32 points. The bearish engulfing candlestick pattern could mean a weak market

The Profit: RM800 + RM1050 = RM1850
(32points x RM25 x 1contract = RM800)
(42points x RM25 x 1contract = RM1050)


The balance of my account is RM24,925 after the profit of RM1850.
(The details of my account is at My Future Trading Account Records 2011 )

22 comments:

  1. done close oct 3094x2 win rm300

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  2. abel me wilson,done long oct 3104x3.

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  3. Abel me wilson,yes today is the long time ! ! ! ! no less 50 point...

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  4. Abel me wilson +3 more long at oct 3118

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  5. Wilson,

    You have been doing very well.


    Abel

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  6. Abel me wilson,t.q.u not bad too.hope u b happy now WIN WIN.

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  7. Abel ME WILSON,CLOSE OCT 3140X6 DONE

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  8. Abel ME WILSON I SHORT AT OCT 3140X3 DONE

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  9. Abel ME WILSON STOP LOSS 3147X3 DONE

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  10. CLOSE 3194X2 WIN RM 300
    CLOSE 3140X6 WIN RM 3750
    STOP LOSS 3147 LOSS RM 825
    TODAY TOTAL WIN RM 3225

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  11. me wilson,congrat u too abel ,now u get it back win win.

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  12. good trade! congrats..

    mohd

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  13. Thank you Wilson and Mohd,

    Sometimes up and sometimes down. U Si Ki U Si Loh (in Hock Kian).


    Abel

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  14. Abel,me Philip,good trades BIG congratz,but your profit should be (42+32)X25 = 1850.00? no?

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  15. Hi Philip,

    You are right. I calculated wrongly. Thank you so much for pointing out. It means a lot to me.

    Thank you again.

    Abel

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  16. Abel,me wilson,i short at oct 3136x3

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  17. Abel,me WILSON,stop loss oct 3142x3 loss RM750(I BUY IT BCOS MYR 2.98 IS UP)

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  18. Did you guys noticed....CPO follow Crude oil movement step be step ...these few days...??

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  19. By the way....I am CPNG

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  20. Hi Wilson and CPNG,

    It looks like FCPO is still bullish and also it has co-relation with Crude oil


    Abel

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