Tuesday, October 13, 2009

Short To Close Position: Long CPO Dec 2009 At Close: 20091009b


I could not believe myself but I did it. I longed again at the close (2085) with 1)Candlestick bullish engulfing pattern at the close 2) Stochastic (1 hour) is still up representing bullish trend.
The details:
Date Entry: 9 Oct 2009
Price Longed: 2085
Volume: 1 Contract

My long position was stopped out at 2159 (hit my stop loss level) with a profit of RM 1800 (2159-2085-2=72 points).
The details:
Date: 13 Oct 2009
Price Short To Close: 2159
Volume: 1 Contract
Profit: RM 1800 (2159-2085-2=72 points)
Reason to close:
1) Price broke below the morning's low 2165
2) Stochastic 1 hour turned down from overbought area.
The balance of my account now is RM 34,825 after the profit of RM 1800.

Friday, October 9, 2009

Tough Trade 20091008c: Short CPO Dec 2009 at 2040


I placed a sell stop order at 2046 but the price was triggle at 2040; 6 points lesser. This is a tough game; fast and furious! I am nervous actually, but I have to focus on the game plan.

The price hit my stop loss again. This time it is at 2077 lossing RM 975 (2077-2040+2=39 points). It seems that the market is acting weird. I have no choice but to close my position. It really is a tough trade; stopped out here and there. I have to follow the rules no matter what and how I feel.
The balance of my account now is RM 33,025 after another loss of RM 975 caused by this trade.

Thursday, October 8, 2009

Open Trade 20091008a: Short CPO Dec 2009 Future Contract at 2061


I shorted CPO Dec 2009 Future Contract at 2061 (1 Contract) as 1) The price broke below the support line and 2) Stochastic (1hour) is now down.

The price hit my stop loss of 2083 lossing RM 575 (2083-2061+1=23 points).
The balance of my account now is RM 34,000 after the loss of RM575.

Wednesday, October 7, 2009

Closed Trade 20091006: Long CPO Dec 2009 Future Contract at 2062


I longed CPO Dec 2009 future contract at 2062 soon after I closed my short position.
The details:
Date (Open Trade): 6 Oct 2009
Volume: 1 Contract

I was stop out at 2072 with a little profit of RM 200 (2072-2062-2=8 points). Stochastic 1 hour is tuning down also.
The balance of my account nos is RM 34,575 after adding on the profit of RM200.
(The details of my account is at http://www.bullsa.com/2009/06/my-future-trading-account-records.html )

Tuesday, October 6, 2009

Closed Trade: Short CPO Dec 2009 Future Contract


I shorted CPO Dec 2009 at 2090 at around 1130am when support line was broken (refer to chart).
The details:
Date (Open Trade): 2 Oct 2009
Action: Short Dec 2009 CPo Future Contract
Volume: 1 Contract

Date (Holding Trade): 5 Oct 2009
I am still holding the trade and I place a close stop loss level just in case the price going againts me.

Date (Close Trade): 6 Oct 2009
I closed the position when price went up 2062.
Profit: RM 650 (2090-2062-2=26 points)
The balance of my account now is RM 34,375 after the profit of RM650

Thursday, October 1, 2009

Action 20091001: Long FKLI Oct 2009 Future Contract at 1212.50

I longed FKLI Oct 2009 Future contract at the price of 1212.50 at 1245pm. (I will provide the chart tomorrow).
The followings are the details:

Date of Long: 01 Oct 2009 (Open Trade)
Volume: 2 contracts
Longed Price: 1212.50

Date of closing trade: 02 Oct 2009
Volume: 2 contracts
Shorted Price: 1199.50
Loss: RM 1400 (1212.50 - 1199.50 + 1=14 points)
Comment: Again, I was stopped out. The price hit 1199 at the open and I managed to close it at 1199.50 lossing RM 1400. I am following my trading system so even if I loss I feel ok.
My balance of the account now is RM 33,725 after the loss of RM1400

Action 20090930: Short FKLI Oct 2009 Future Contract at 1204.5


Date: 30 Sept 2009
I carried forward my short position by further shorting Oct 2009 future contract at 1204.50 (2 contracts) soon after I closed my short position of Sept 2009. My stop loss will be shallow as the market has been down and there is high chance that the price will bound up.
Comment: I am not really convinced for this trade as
1) 1 Hour Stochastic turned up and
2) The pattern of the candle stick is bullish
Date: 1 Oct 2009
I was stoped out at 1212.5 in the morning lossing RM 900 (1212.50-1204.50+1=9 points).
My balance for the account is RM 35,125 after the loss of RM 900.