Thursday, March 29, 2012

30 Minutes Chart UpDate


It looks like FCPO of June 2012 will head sideways. The gap down opening seems losing its downwards momentum.

Saturday, March 24, 2012

A Typical Slippage


I placed an order for entering long at 3374 in the morning. The price actually reached my price and headed to 3375 towards the end of morning session. My position was never filled and closed at 3375.
It opened with a gap in the afternoon at 3384 with the low of 3379 and it never plunged to my price of 3375.
You maybe right in placing a price when trading, but the slippage could kick you out of the trade.

Lesson Of This Trade: I should place 2 prices or more instead of just 1 price

Tuesday, March 13, 2012

Exited Short - Should Have Done It Long Ago


Date of entry: 9 March 2012
Reversed To Long FKLI
I reversed to long FKLI March 2012 future contract at 1582 for one contract. It is a break up. This deal was done at about 10:10 this morning. (Chart will be provided later).

Date of exit: 13 March 2012
Exited Short - Should Have Done It Long Ago
I shorted to exit my trade this morning at 1569.5 with a loss of 13.5 points (1 point for commission). This trade supposed to exit when it broke below 1576 (the low). But I 'thought' the price will stabilize at this area.
The Lesson: 'I thought' is a very dangerous habit when trading. I know I should follow the system but knowing and doing deferred.

The Loss: RM675 (13.5points x RM50 x 1 contract = RM675)

Friday, March 9, 2012

Short To Take Profit


Date of entry: 7 March 2012
Long CPO May 2012 Future Contract
I longed FCPO May 2012 Future Contract near the end of session. I placed the order earlier.
One thing I am not really comfortable with is my positions are conflict each other; one long the other short.

Date of exit: 9 March 2012
Short To Take Profit
I shorted to take profit at 3357 with a gain of 87 points with 2 points for commissions. My 100 points target including commission; 3270 was never reached.

The Profit: RM2175 (87points x RM25 x 1contract = RM2175)

Stop Loss Reached At 1582


Date of entry: 7 March 2012
Short FKLI March 2012
I shorted FKLI March 2012 at 1577 for one contract. It opened with a gap down indicating a weakness of the market. I would have shorted at 1574 (opening price) but I was late and it turned out a better price.
I am using 30 minutes chart for my future trading now. I will focus more on the overall trend.

Date of exit: 9 March 2012
Stop Loss Reached At 1582
I stop loss was reached at 1582 with a loss of 6 points (1 point added for commission).

The Loss: RM 300 (6points x RM50 x 1contract = RM 300)

Wednesday, March 7, 2012

My Future Trading Account Records 2012

My account suffered in 2011 with 25% draw down. FKLI to RM 13,425 and FCPO to RM 13,200.

I continue make changes to my trading mehtod hopefully I could work out trading method with at least more consistant profit generating.

The followings are my trades in 2012:

FCPO = Crude Palm Oil Futures:
Action 20120104: Short March 2012 FCPO At 3217: Profit RM375 = Balance RM13,575
Action 20120106: Long March 2012 FCPO At 3215: Loss RM625 = Balance RM12,950
Action 20120210: Long April 2012 FCPO At 3138: Profit RM750 = Balance RM13,700
Action 20120222: Short May 2012 FCPO At 3245: Loss RM400 = Balance RM13,300
Action 20120307: Long May 2012 FCPO At 3268: Profit RM2175 = Balance RM15,475
Action 20120619: Long Sept 2012 FCPO At 2948: Profit RM2000 = Balance RM17,475
Action 20120625: Long Sept 2012 FCPO At 3038: Loss RM425 = Balance RM17,050
Action 20120628: Short Sept 2012 FCPO At 2986: Loss RM1925 = Balance RM15,125
Action 20120702: Long Sept 2012 FCPO At 3061: Profit RM2500= Balance RM17,625
Action 20120709: Long Sept 2012 FCPO At 3158: Loss RM1000= Balance RM16,625
Action 20120710: Short Sept 2012 FCPO At 3120: Profit RM2575= Balance RM19,200
Action 20120720: Long Sept 2012 FCPO At 3063: Loss RM1700= Balance RM17,500
Action 20120723: Short Sept 2012 FCPO At 3004 : Profit RM2500= Balance RM20,000
Action 20120730: Long Sept 2012 FCPO At 2969 : Loss RM1650= Balance RM18,350
Action 20120802: Short Oct 2012 FCPO At 2905 : Profit RM1500 = Balance RM19,850
Action 20120816: Long Nov 2012 FCPO At 2885 : Profit RM4250 = Balance RM24,100
Action 20120828: Short Nov 2012 FCPO At 3063: Profit RM1250 = Balance RM25,350
Action 20120904: Long Nov 2012 FCPO At 3083: Loss RM1425 = Balance RM23,925
Action 20120905: Short Nov 2012 FCPO At 3028: Profit RM3050 = Balance RM26,975
Action 20120912: Long Nov 2012 FCPO At 2928: Loss RM2300 = Balance RM24,675
Action 20120918: Short Dec 2012 FCPO At 2887: Profit RM2500 = Balance RM27175
Action 20121015: Short Jan 2013 FCPO At 2460: Loss RM975 = Balance RM26,200
Action 20121018: Long Jan 2013 FCPO At 2497: Profit RM2500 = Balance RM28,700
Action 20121029: Short Jan 2013 FCPO At 2531: Loss RM100 = Balance RM28,600
Action 20121101: Long Jan 2013 FCPO At 2533 : Loss RM1050 = Balance RM27,550
Action 20121102: Short Jan 2013 FCPO At 2493 : Profit RM2775 = Balance RM30,325
Action 20121114: Long Jan 2013 FCPO At 2388 : Profit RM275 = Balance RM30,600
Action 20121126: Long Jan 2013 FCPO At 2429 : Loss RM775 = Balance RM29,825
Action 20121128: Short Jan 2013 FCPO At 2400 : Profit RM5050 = Balance RM34,875
Action 20121207: Long Feb 2013 FCPO At 2312 : Loss RM1550 = Balance RM33,325
Action 20121211: Short Feb 2013 FCPO At 2283 : Profit RM300 = Balance RM33,625
Action 20121217: Long March 2013 FCPO At 2372 : Loss RM3550 = Balance RM30,075
Action 20121220: Short March 2013 FCPO At 2302 : Loss RM3900 = Balance RM26,175




FKLI = Kuala Lumpur Index Futures:
Action 20120307: Short March 2012 FKLI At 1577: Loss RM300 = Balance RM13,125
Action 20120309: Long March 2012 FKLI At 1582: Loss RM675 = Balance RM12,450
Action 20121205: Long Dec 2012 FKLI At 1614.5: Profit RM1225 = Balance RM13,675

Tuesday, March 6, 2012

Still Working On Different Set Up

In case you wondering what I am doing now, well, I am still testing out many method; researching, analyzing and back testing on trading Cpo futures using different type frame like 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hour and daily charts. 

What ever I used, they all could not produce me a consistent returns; some time good and some time back. It is hard to obtain the optimum set up. 

So far, 30 minutes chart seemed convention. It is not an optimum set up, but at least it is more consistent.