CPO - Long To Cash Out

Date of entry: 25 Jan 2011
Short FCPO
I shorted FCPO April 2011 at 3705. The price dropped lower than the opening price.

The concern: It hit moving average low of 3703 (Blue Line) based on 2 hourly chart and near 3696 moving average low (Blue line) based on daily chart.


Date of exit: 26 Jan 2011
CPO - Long To Cash Out
I longed to close the short position at 3655 with a gain of 48 points after deducting 2 points for commissions ( 3705 - 3655 - 2 = 48points ).

The Profit: RM1,200 (48points x RM25 x 1contract = RM1,200)

The balance of my account is RM20,025 after the profit of RM1,200.
(The details of my account is at My Future Trading Account Records 2011 )

Long To Close FKLI - Index Did Not Drop Lower

Date of entry: 25 Jan 2011
Short FKLI On Bouncing Back From The Low
I shorted FKLI Jan 2011 future contract after it touched the low of 1535.5 and bounced back to 1538 for 3 contracts. Looking at the chart pattern, a kind of hammer making me uneasy right now. Further more, FKLI is at around the support line (moving average low).

Date of exit: Same Day
Long To Close FKLI - Index Did Not Drop Lower
I longed to close the short position with 1 point loss as commission for each contract. The index did not drop further after forming the hammer on the previous bar indicating that the selling down pressure is not strong enough.
I will reenter the market if the index could continue the downside in the afternoon session.

The Loss: RM150 (1points x RM50 x 3contracts = RM150)

The balance of my account is RM17,975 after the loss of RM150.
(The details of my account is at My Future Trading Account Records 2011 )

FKLI Daily Chart - Hitting Moving Average Support

FKLI touched moving average low of 1538 based on daily chart indicating that the current sell down could be at least stabilizing around this area. Of course, further confirmation is needed.

Long To Close FKLI - Index Stabilized

Date of entry: 20110124
Short FKLI For Short Term Trade
I shorted FKLI Jan 2011 future for 1 contract only. This will be a very short term trade based on candle stick pattern and break down method.

Date of exit: Same Day
Long To Close FKLI - Index Stabilized
I longed to close at 1539.5 with break even after 1 point contribute as commission.

Short To Exit CPO - No Good Reason Actually

Date of entry: 21 Jan 2011
Long CPO - Potential Continuation Of Trend
I longed CPO April 2011 future contract at 3742 for 1 contract. The price went higher than previous high. It could be the continuation of the up trend.

Date of exit: Same Day
Short To Exit CPO - No Good Reason Actually
I shorted to exit the trade for 21 points gain after 1 point for commission. There is no good reason to exit actually.

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

The balance of my account is RM18,825 after the profit of RM525.
(The details of my account is at My Future Trading Account Records 2011 )

Exit FKLI On 10 Points Profit Target

Date of entry: 19 Jan 2011
Short FKLI For Breaking Down
I shorted FKLI Jan 2011 Future Contract at 1566 for 3 contracts. It is a break down and the price is now below moving averages.

Date of exit: 21 Jan 2011
Exit FKLI On 10 Points Profit Target
I longed to exit FKLI at 1555 for 10 points gain (my target price) with the reason being 1555 seemed to be like a temporary support. At the time writing this blog, the price might continue the downward spiral to test 1550.

The Profit: RM1,500 (10points x RM50 x 3contracts = RM1,500)

The balance of my account is RM18,125 after the profit of RM1,500.
(The details of my account is at My Future Trading Account Records 2011 )

Short To Close CPO To Cash Out

Date of entry: 18 Jan 2011
Long FCPO - A Break Up But Not Strong Enough
I longed FCPO April 2011 Future Contract at 3667 for 1 contract. It is a mini break up. It looks like the trend is not strong enough as it still stays below the moving average.

Date of exit: 19 Jan 2011
Short To Close CPO To Cash Out
I shorted to close FCPO position at 3717 with a gain of 48 points.

The Profit: RM1,200 (48points x RM25 x 1contracts = RM1,200)

The balance of my account is RM18,300 after the profit of RM1,200.
(The details of my account is at My Future Trading Account Records 2011 )