Friday, September 23, 2011

Stop Loss Hit At 2989

Date of entry: 22 Sept 2011
Late Report - Shorted FCPO At Afternoon Open
I shorted FCPO Dec 2011 Future Contract at the open of afternoon session with the price of 3010. It opened with a gap down and stayed well below 3023 (refer to blue line). It also managed to break below daily moving averages.

In longer term, FCPO of daily chart is still in sideway mode.

Date of exit: 23 Sept 2011
Stop Loss Hit At 2989
My stop loss was hit at 2989 with lesser gain of 19 points after deducting 2 points for commissions.

The Profit: RM475 (19points x RM25 x1contract = RM475)

The balance of my account is RM19,750 after the profit of RM475.
(The details of my account is at My Future Trading Account Records 2011 )


  1. Hi Abel, CPO chart has actually broken down an ascending triangle pattern. Just for your reference.

  2. Hi HWQ,
    You are right. I did not notice that. Thank you for pointing out.


  3. hi abel, any thought on ci futures? noticed that you had been away on this mkt for awhile..


  4. Hi Lengchai6,

    Yes, I was busy with something else and the market was sideway then.

    Great to have you back too!