Friday, July 22, 2011

Short To Exit Trade


Date of entry: 22 July 2011
Long FCPO For Potential Continuation Of Up Trend
I longed FCPO Oct 2011 Future Contract at 3150 (the highest price) for 2 contracts. It could be the continuation of up trend since it is still above moving averages.

Date of exit: Same Day
Short To Exit Trade
I shorted to exit trade at 3140 with a loss of 11 points including 1 point for commission each contract. The formation of shooting star with long tail (high) does not look convincing for the up trend yet. I will re enter the market if it could break higher. Busy For Losing Trade.

The Loss: RM550 (11points x RM25 x 2contracts = RM550)


The balance of my account is RM24,375 after the loss of RM550.
(The details of my account is at My Future Trading Account Records 2011 )

18 comments:

  1. Beware of crude oil....good luck

    CPNG

    ReplyDelete
  2. O Ok. Thank you for your reminder, CPNG.


    Abel

    ReplyDelete
  3. abel/cpeng,me wilson,today not e c to trad,cbot/crude oil/RYM/CPO STOCK ALL UP,ONLY美棉花 always down only ,trad long or short also Busy For Losing Trade.

    ReplyDelete
  4. Bulls are retreating....overnite interest reduced to 133K....-2.5K lots from last friday

    CPNG

    ReplyDelete
  5. This will be a wild trading week..., we will have some wilder moves

    CPNG

    ReplyDelete
  6. Hi CPNG,

    Yes, wild swing ahead of us.


    Abel

    ReplyDelete
  7. I am shorting the market...enjoy the ride...!!

    CPNG

    ReplyDelete
  8. Dear CPNG,

    "Bulls are retreating....overnite interest reduced to 133K....-2.5K lots from last friday"...
    ...can you share here from where did you get this info, pls...


    tqvm.
    mory

    ReplyDelete
  9. ok...closed up short psn....turn long....for temp

    CPNG

    ReplyDelete
  10. abel.me wilson,1.0 USD = 2.959000 MYR 汇率日期 2011-07-26 11:45
    外汇行情
    〔东京汇市〕美元兑瑞郎触及纪录低位,市场静候奥巴马讲话
    〔纽约汇市〕美元兑瑞郎触及纪录低位,受债务谈判僵局拖累,
    want to long it but is bad news how ?trust news or chart?????

    ReplyDelete
  11. Hi Wilson,

    I prefer to base on chart. I have been waiting for the right moment.


    Abel

    ReplyDelete
  12. abel.me wilson,1.0 USD = 2.933500 MYR 汇率日期 2011-07-27 09:50 today rm hight, low export cpo buyer

    ReplyDelete
  13. done short oct 3132x3,3135x5

    ReplyDelete
  14. abel me wilson total short oct 3133x8

    ReplyDelete
  15. Hi Wilson,

    The market has been up based on 2 hourly chart. I am still at the sideline.


    Abel

    ReplyDelete
  16. abel me wilson,tq,i will stop loss at 3152.

    ReplyDelete
  17. abel me wilson,+2 more short oct 3102.

    ReplyDelete