Monday, November 21, 2011

OK I am Out at 3251


Date of entry: 21 Nov 2011
Short CPO Feb 2012
I shorted CPO Feb 2012 future contract at 3210 (1 contract) for potential beak down. Bear in mind this could be a sideways market, not much down side for what I know.

Date of exit: Same Day
OK I am Out at 3251
I closed my position with a loss again at 3251 when the price is shooting upward crazily.

The Loss: RM1050 (52points x RM25 x 1contract= RM1050)


The balance of my account is RM13,450 after the loss of RM1050.
(The details of my account is at My Future Trading Account Records 2011 )

Comment: This is a typical sideways market, either way; long or short, I will loss money.

Sunday, November 20, 2011

Potential Sideways - CPO 2 Hour Chart


CPO futures have been up remarkably for almost 400 points. With such a surge, there is high chance that the market would rest.

Friday, November 18, 2011

CPO Daily Chart

Hi, It has been a while since my last update. I was busy with working out and testing out my new trading strategy. Honestly, lots of hard work, patience and passion needed to continue.

Following is daily chart of cpo as at 12:30pm 18 Nov 2011; It could be a sideways ahead.

Thursday, November 10, 2011

Long to close position


Date of entry: 9 Nov 20011
Shorted FCPO In Afternoon Session
I shorted FCPO Jan 2011 Future Contract at 3039. There is no strong reason to short accept that candle stick pattern called hangman emerged at the first bar of the day (2 hourly chart).

Date of exit: 10 Nov 2011
Long to close position
I longed to close my short position at 3063 with a loss again at 26 points (2 points for commission).

The Loss: RM650 (26points x RM25 x 1contract = RM650)


The balance of my account is RM14,500 after the loss of RM650.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, November 7, 2011

Placing Stop Loss

I am going to change my stop loss placement method.
I used to place the stop loss lower than the previous two candle stick lows when trading. As you could see, I was stopped out all the time.
After long researching and back testing, I will change my stop loss placement further rather than my usual basing on my previous last two bars.
You would be able to see how am going to place it during trading. Wish Me luck!

Wednesday, November 2, 2011

Close Long Position At 2935

Date of entry: 2 Nov 2011
Long CPO At 2950 - Gap Open
I longed FCPO Jan 2011 Future contract at 2950 for 1 contract. This is a gap up.


Date of exit: 3 Nov 2011
Close Long Position At 2935
I shorted to close at 2935 with a loss of 17 points (2 points for commissions). Which ever direction I take, I loss. This is extremely heart broken.

The Loss: RM425 (17points x RM25 x 1contract = RM425)


The balance of my account is RM15,150 after the loss of RM425.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, November 1, 2011

Exited My Trade At 2936 With Loss Again


Date of entry: 1 Nov 2011
Long Jan 2011 FCPO At The Open
I longed FCPO Jan 2012 Future Contract at 2956 for 1 contract. The price has corrected well from the high. There is a high chance that the market could go up. My stop loss is always in place just in case.

Date of exit: Same Day
Exited My Trade At 2936 With Loss Again
I exited the trade at 2936 with a loss of 21 points (1 point for commission). The price did not continue the up swing this morning. I am kind of use to it.

The Loss: RM525 (21points x RM25 x 1contract = RM525)


The balance of my account is RM15,575 after the loss of RM525.
(The details of my account is at My Future Trading Account Records 2011 )