Wednesday, June 29, 2011

Short To Close At 3103


Date of entry: 29 June 2011
Long FCPO For Very Short Term Trade
I longed FCPO Sept 2011 Future Contract at 3107 for 1 contract at 11:00am. The bullish candle stick pattern presented a potential rebound.

Date of exit: Same Day
Short To Close At 3103
I shorted to close at 3103 with a loss of 5 points (1 point for commission). This is a short term trade as promise.

The Profit: RM125 (5points x RM25 x 1contract = RM125)


The balance of my account is RM23,375 after the loss of RM125.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, June 24, 2011

Close To Take Profit For 20 Points Gain


Date of entry: 23 June 2011
Reenter Short FCPO Short Position
I reenter the short position of FCPO Sept 2011 Future Contract at 3136 for 1 contract. It broke below earlier low of 3140. Some how, it is hard to act on this trade initially. Human being I guess.

Date of exit: 24 June 2011
Close To Take Profit For 20 Points Gain
I longed to close my position at 3114 for 20 points gain after 2 points deducted for commission. 5 Bearish Candle Sticks emerged in a row could be an oversold situation with weekend ahead. I am just not willing to risk further my profit.

The Profit: RM500 (20points x RM25 x 1contract = RM500)


The balance of my account is RM23,500 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, June 23, 2011

Long To Exit FCPO For Profit


Date of entry: 22 June 2011
Reversed To Short FCPO After Loss
I reversed to short FCPO Sept 2011 Future Contract right after I was stopped out at 3207. I shorted at 3205 for 1 contract.(My transaction was done at 15:05).

Date of exit: June 2011
Long To Exit FCPO For Profit
I longed to take profit at 3162 for 41 points gain with 2 points for the commissions. The price at this level has many support based on daily chart. I will reenter the market if it goes below today's low again.

The Profit: RM1025 (41points x RN25 x 1contract = RM1025)


The balance of my account is RM23,000 after the profit of RM1025.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, June 22, 2011

Stop Loss Hit At 3207


Date of entry: 22 June 2011
Long FCPO Sept 2011 Contract
I longed FCPO Sept 2011 Future Contract at 3237 for 1 contract.

The Concern: The price is still below moving average

Date of exit: Same Day
Stop Loss Hit At 3207
My position was stopped out at 3207 with the loss of 31 points. The shooting star with a long tail touching the moving average and staying below it could mean a very weak market ahead.

I don't have to tell you the feeling part of this trade, it really sucks.

The Loss: RM775 (31points x RM25 x 1contract = RM775)


The balance of my account is RM21,975 after the loss of RM775.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, June 20, 2011

Short To Close FKLI


Date of entry: 20 June 2011
Long FKLI June Contract - A Break Up
I longed FKLI June 2011 Future Contract at 1559.5 for 2 contracts. A double break up could mean a continuation of up trend.

Date of exit: Same Day
Short To Close FKLI
I shorted to close the position at 1557 with a loss of 3.5 points with 1 point commission included. I am trying to minimize my loss. The moment the trend fails to continue, I exit the trade.

The Loss: RM350 (3.5points x RM50 x 2contracts = RM350)


The balance of my account is RM13,200 after the loss of RM350.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, June 14, 2011

Long To Close The Trade Before End Of The Day


Date of entry: 14 June 2011
Shorted FCPO Aug 2011 Future Contract
I shorted FCPO Aug 2011 Future Contract at 3241 for 1 contract. Potential Break Down.

Date of exit: Same Day
Long To Close The Trade Before End Of The Day
I exited the trade at the price of 3254 with a loss of 14 points. The price did not continue the downside. The few long tails of the last candle sticks make me uncomfortable. Maybe I am wrong. Anyway, I could reenter later.

The Loss: RM350 (14points x RM25 x 1contract = RM350)


The balance of my account is RM22,750 after the loss of RM350.
(The details of my account is at My Future Trading Account Records 2011 )

Exited Earlier On Breakeven


Date of entry: 13 June 2011
Shorted FKLI On Break Down
I shorted FKLI June 2011 Future Contract at 1542 for 1 contract. The price finally broke down recent low. I only committed 1 contract (half of my usual size) because I expect the price to bound before continue the downward. If it does not, a least I have 1 contract shorted.

Date of exit: 14 June 2011
Exited Earlier On Breakeven
I longed to exit the trade at 1541 this morning after it touched the low of 1536 and formed a hammer candlestick pattern. The price is now 1545.5 forming a bullish candle. What a trade!

Friday, June 10, 2011

FCPO - Long To Take Profit


Date of entry: 9 June 2011
Shorted FCPO On Break Down
I shorted FCPO Aug 2011 Future Contract at 3307 for 1 contract. It broke recent low.

Date of exit: 10 June 2011
FCPO - Long To Take Profit
I longed to close my position at 3284 with a gain of 21 points (2 points commission included). There is no strong reason to exit except that wanting to confirm the profit which is hard to get.

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


The balance of my account is RM23,100 after the profit of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, June 9, 2011

Long To Exit Again - Bullish Candle Stick Pattern


Date of entry: 8 June 2011
Shorted FKLI
I shorted FKLI June 2011 Future Contract at 1547 for 2 contracts. The price is below moving averages.

Date of exit: 9 June 2011
Long To Exit Again - Bullish Candle Stick Pattern
I longed to exit the trade at 1553.5 with a loss of 7.5 points for each contract added 1 point for commission. The white candle formation indicating that the market is still in sideway mode. Exiting the trade and staying sideline seem to be a better way for now.

The Loss: RM750 (7.5points x RM50 x 2contracts = RM750)


The balance of my account is RM13,550after the loss of RM750.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, June 7, 2011

Long To Close FKLI - Bullish Engulfing


Date of entry: 7 June 201
Shorted FKLI
I shorted FKLI at 1546.5 for 2 contracts. The price is below moving averages high and low.

Date of exit: Same Day
Long To Close FKLI - Bullish Engulfing
I longed to close the position at 1551 with a loss of 5.5 points including 1 point for commission.

The Loss: RM550 (5.5points x RM50 x 2contract = RM550)


The balance of my account is RM14,300 after the loss of RM550.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, June 6, 2011

Long To Exit FCPO Trade


Date of entry: 6 June 2011
Short FCPO Aug 2011 Future Contract
I shorted FCPO Aug 2011 Future Contract at 3415 for 1 contract. It is still a sideway market with potential dropping down; bearish candle stick pattern.

Date of exit: Same Day
Long To Exit FCPO Trade
I exited the trade at 3412 with a miserable 1 point gain after deducting 1 point for commission. The volume is light and the price hit the moving average then failed to continue the downward. Staying sideline and watch.

The Profit: RM25 (1point x RM25 x 1contract = RM25)


The balance of my account is RM22,575 after the profit of RM25.
(The details of my account is at My Future Trading Account Records 2011 )

Friday, June 3, 2011

Need Help. Any One Knows Minutes Chart Provider For ipad2?


Hi, I am looking for the service provider for FKLI and FCPO minutes candle stick chart; 15 minutes, 30 minutes, 1 hour and 2 hours etc that can be used for Apple ipad.

As we all know that most of the software providers are mainly in Windows environment like NextView and BursaStation. I have been searching high and low for this product but failed.

It is some kind of apps that can be installed to ipad.

Any one know, please advise.


Many Thanks
Abel

Cashed Out At 1562.5


Date of entry: 2 June 2011
Long FKLI - Potential Break Up
I longed FKLI June 2011 Future Contract at 1553 for 2 contract. FKLI gapped down then rebounded all the way to test moving averages high indicating that the market is quite strong.

Date of exit: 3 June 2011
Cashed Out At 1562.5
I exited the trade at 1562.5 for 8.5 points gain with 1 point deducted for commission. My usual target is 10 points (1564 in this case), but I missed it. 8.5 points is no bad after all.

The Profit: RM850 (8.5points x RM50 x 2contracts = RM850)


The balance of my account is RM14,850 after the profit of RM850.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, June 2, 2011

FCPO Price Reached My Exit Point


Date of entry: 31 May 2011
Shorted FCPO Aug 2011
I shorted FCPO Aug 2011 Future Contract at 3387 for 1 contract. It broke down from earlier's low and dropped below moving averages of high and low.

Date of exit: 2 June 2011
FCPO Price Reached My Exit Point
My position was out at 3380 with a little gain of 5 points (RM125) with 2 points deducted for commission.

The Profit: RM125 (5points x RM25 x 1contract = RM125)


The balance of my account is RM22,550 after the profit of RM125.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, June 1, 2011

Shorted To Close At 1558


Date of entry: 31 May 2011
Long FKLI June 2011 Future Contract
It is a break up, what can I say. I longed FKLI June 2011 Future Contract at 1555.5 for 2 contracts.

Date of exit: 1 June 2011
Shorted To Close At 1558
I shorted to close the position at 1558 with 1.5 points again with 1 point for commission. There is no strong reason to sell and I just want to get out first.

The Profit: RM150 (1.5points x RM50 x 2contract = RM150


The balance of my account is RM14,000 after the profit of RM150.
(The details of my account is at My Future Trading Account Records 2011 )