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 )
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22 comments:

  1. AnonymousJuly 20, 2011 at 10:33 AM

    done close oct 3094x2 win rm300

    ReplyDelete
  2. AnonymousJuly 20, 2011 at 10:48 AM

    abel me wilson,done long oct 3104x3.

    ReplyDelete
  3. AnonymousJuly 20, 2011 at 11:08 AM

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

    ReplyDelete
  4. AnonymousJuly 20, 2011 at 11:26 AM

    Abel me wilson +3 more long at oct 3118

    ReplyDelete
  5. AbelJuly 20, 2011 at 12:17 PM

    Wilson,

    You have been doing very well.


    Abel

    ReplyDelete
  6. AnonymousJuly 20, 2011 at 12:59 PM

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

    ReplyDelete
  7. AnonymousJuly 20, 2011 at 5:15 PM

    Abel ME WILSON,CLOSE OCT 3140X6 DONE

    ReplyDelete
  8. AnonymousJuly 20, 2011 at 5:32 PM

    Abel ME WILSON I SHORT AT OCT 3140X3 DONE

    ReplyDelete
  9. AnonymousJuly 20, 2011 at 5:36 PM

    Abel ME WILSON STOP LOSS 3147X3 DONE

    ReplyDelete
  10. AnonymousJuly 20, 2011 at 6:15 PM

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

    ReplyDelete
  11. 757July 21, 2011 at 4:29 PM

    congrat abel

    ReplyDelete
  12. AbelJuly 21, 2011 at 4:56 PM

    Thank you 757.

    ReplyDelete
  13. AnonymousJuly 21, 2011 at 5:34 PM

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

    ReplyDelete
  14. AnonymousJuly 21, 2011 at 6:23 PM

    good trade! congrats..

    mohd

    ReplyDelete
  15. AbelJuly 21, 2011 at 6:53 PM

    Thank you Wilson and Mohd,

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


    Abel

    ReplyDelete
  16. AnonymousJuly 22, 2011 at 12:49 AM

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

    ReplyDelete
  17. AbelJuly 22, 2011 at 8:34 AM

    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

    ReplyDelete
  18. AnonymousJuly 22, 2011 at 10:38 AM

    Abel,me wilson,i short at oct 3136x3

    ReplyDelete
  19. AnonymousJuly 22, 2011 at 12:02 PM

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

    ReplyDelete
  20. AnonymousJuly 22, 2011 at 12:26 PM

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

    ReplyDelete
  21. AnonymousJuly 22, 2011 at 12:27 PM

    By the way....I am CPNG

    ReplyDelete
  22. AbelJuly 22, 2011 at 12:30 PM

    Hi Wilson and CPNG,

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


    Abel

    ReplyDelete

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