Saturday, August 17, 2013

Ringgit Might Rebound

Ringgit Malaysia (RM) has been down for weeks. Based on the Divergent between RM & MACD, there is high chance that Ringgit Malaysia would rebound. 
A rebound in RM would put pressure to CPO. 

Friday, August 16, 2013

Final Exit To Lock Profit


The Total Proit : RM 1550 (RM300 + RM1250 = RM1550) 
The balance is now RM 32,875 (RM 31,325 + RM 1550 = RM 32,875)
(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 2 : 16 Aug 2013
Title : Final Exit To Lock Profit 
I locked the profit for the final contract at 2339 with a gain of 50 points. I guess it is good enough. 
The Profit : RM1250 (50points x RM25 x 1contract = RM1250) 

Date of exit 1 : 15 Aug 2013
Title : Close Half Of My Position
I closed 1 contract at 2301 with a little gain of 12 points (2 points deducted for commission). Well, I have no strong reason to exit, the only reason could be the changing month on 15th. 
The Profit : RM300 (12points x RM25 x 1contract = RM300) 


Date of entry : 13 Aug 2013
Title : Long CPO At Higher Price
I longed CPO Oct 2013 Future Contract at 2287 for 2 contracts. Wow! Quite a high price.

Sunday, August 11, 2013

Weekly CPO Is Strong

The Daily Chart of CPO broke the low (support) of 2217 registered on 13 Dec 2012. This would make it bearish market ahead if we based on support-resistant technique. HOWEVER, further examine the Weekly Chart, we would realize that CPO could be strong. The MACD of Weekly Chart has been moving upwards creating a divergent between the price and MACD. It means that we have to be very careful on the short side. 
 

Tuesday, August 6, 2013

Closed Position At 2235 With Little Loss

Date of exit : The Same Day
Title : Closed Position At 2235 With Little Loss 
I closed my position at 2235 with a loss of 2 points considering Raya is around the corner with two and a half non trading days. The Risk could be high. Close the position and call it a day seems to be a better bet. 
Knowing when to stop is important in trading. 

The Loss : RM 50 (2points x RM25 x 1contract = RM 50) 
The balance is now RM 31,375 (RM 31,375 - RM 50 = RM 31,325)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 6 Aug 2013
Title : Reversed To Short One Contract 
I reversed to short 1 contract at 2234 Oct 2013 Future Contract. I have to bear in mind that we are heading towards long holiday. 

Stop Loss Reached

The Total Profit : RM150 (RM250 - RM100 = RM150) 
The balance is now RM 31,375 (RM 31,225 + RM 150 = RM 31,375)
(The details of my account is at My Future Trading Account Records 2012 )

Date of exit 2: 6 Aug 2013
Title : Stop Loss Reached 
My position was stopped out at 2234 with a loss of 4 points. 
The loss is RM100 (4points x RM25 x 1contract = RM100) 

Date of exit 1: 5 Aug 2013
Title : Closed Half Of My Position Finally 
I exited half of my position ; 1 contract at 2248 with a little gain 10 points. I have a problem to pull the trigger lately. I "should have" sold half of my position last week on Friday someway 2278. For some reasons, I did not till just now. I "supposed" to close at 2258. In fact, I keyed in the price at 2258 to exit half of my position. Then I cancelled when the price rebound toward there. 
Trading could be mental tortured. 
The Profit : RM250 (10points x RM25 x 1contract = RM250) 

Date of entry : 31 July 2013
Title : Long CPO Finally
I longed FCPO Oct 2013 Future Contract at 2236 for 2 contracts. This is the high price I honestly do not feel comfortable. Well, trading is never comfortable.