80 Points Profit Target Reached

Date Of Exit: 20 June 2012
80 Points Profit Target Reached
The market was crazily bullish this morning. My 80 points profit target was hit without any resistance at 3030 (2 points for commissions). It looks like the price could go higher. I am happy for now.

The Profit: RM2000 (80points x RM25 x 1contract = RM2000)

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Date Of Entry: 19 June 2012
OK Honey. I Longed CPO
I finally took the gut to initial my long position of CPO Sept 2012 Future Contract after a while ago. It was hard but at least I started. The price managed to break higher and I longed at 2948 for one contract.
Wish me luck!

My Missed Short Opportunity

My supposed short entry is 2913; the opening price on 14 June 2012 which was broken the low of 2922 registered on 8 June 2012. For some reason, I did not execute the trade. It is some kind of phobia for me of which I really have to get through. Looking at it not doing anything let the profit making opportunity passed by really sucks!

Bean Oil Futures Is Resting Too

A snap shot of Bean Oil Futures in daily chart, it is also in a sideways. A break out either way could mean a new trend establishment.

Waiting For Break Out

CPO Aug 2012 Future Contract is obviously in sides mode based on 1 hour chart. Any break out either side would be a good opportunity to trade.

I Missed The Party - CPO Futures

Looking at what has happened for the last one month, I missed the party ; Big Time! There were 3 'should have' profit making trades and 1 'should have' losing trades in these time. I was angry because of the 1 first missing. One thing lead to another, I missed the whole party. Anger is really bad, specially trading. It can really messed up the whole thing. I even felt so lousy that I stopped blogging; Lesson To Learn

CPO Daily Chart Update

It has been a while since I last blogged. CPO is in a sideways mode since it has been up so much and hit the high of 3628 (registered on 10 April 2012).

It looks good to long with Yesterday white candle and current up candle, there is high chance that the price would further surge but it would not go very far since it stays between the line based on daily chart.

Bean Oil Future Contract Surged!

Bean Oil July 2012 Future Contract surged towards the end of session on Friday to $55.51.