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 )
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18 comments:

  1. AnonymousJuly 22, 2011 at 3:17 PM

    Beware of crude oil....good luck

    CPNG

    ReplyDelete
  2. AbelJuly 22, 2011 at 3:21 PM

    O Ok. Thank you for your reminder, CPNG.


    Abel

    ReplyDelete
  3. AnonymousJuly 22, 2011 at 8:14 PM

    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. AnonymousJuly 25, 2011 at 10:51 AM

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

    CPNG

    ReplyDelete
  5. AnonymousJuly 25, 2011 at 10:56 AM

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

    CPNG

    ReplyDelete
  6. AbelJuly 25, 2011 at 10:59 AM

    Hi CPNG,

    Yes, wild swing ahead of us.


    Abel

    ReplyDelete
  7. AnonymousJuly 25, 2011 at 11:18 AM

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

    CPNG

    ReplyDelete
  8. AnonymousJuly 25, 2011 at 2:53 PM

    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. AnonymousJuly 25, 2011 at 4:08 PM

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

    CPNG

    ReplyDelete
  10. AnonymousJuly 26, 2011 at 12:06 PM

    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. AbelJuly 26, 2011 at 12:48 PM

    Hi Wilson,

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


    Abel

    ReplyDelete
  12. 757July 26, 2011 at 2:57 PM

    soybean oil up..

    ReplyDelete
  13. AnonymousJuly 27, 2011 at 10:04 AM

    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
  14. AnonymousJuly 27, 2011 at 10:33 AM

    done short oct 3132x3,3135x5

    ReplyDelete
  15. AnonymousJuly 27, 2011 at 10:49 AM

    abel me wilson total short oct 3133x8

    ReplyDelete
  16. AbelJuly 27, 2011 at 11:55 AM

    Hi Wilson,

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


    Abel

    ReplyDelete
  17. AnonymousJuly 27, 2011 at 1:13 PM

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

    ReplyDelete
  18. AnonymousJuly 28, 2011 at 11:33 AM

    abel me wilson,+2 more short oct 3102.

    ReplyDelete

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