Cut Loss Again

Date of exit : 4 June 2013

Title : Cut Loss Again 

My long position was stopped out at 2370 with a loss of 37 points with 2 points for commission. 2370 turned out to be the low of the day. Couple with the consecutively loss, I am feeling like shit. Sideways really kills. 

The Loss : RM925 (37points x RM25 x 1contract = RM925) 

The balance is now RM 26,575 (RM 27,500 -  RM 925 = RM 26,575)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 3 June 2013
Title : Reversed To Long CPO
I reversed my position to long CPO Aug 2013 Future Contract at 2405 too for 1 contract. This is a very tough thing to do despite I have been doing it ; reversing position. But 'Tough To Do' is part of my trading. I just have to deal with it.

Short Aug 2013 CPO Future Contract

Date of exit : 3 June 2013
Title : Long To Cut Loss At 2405 
I exited my trade at 2405 to cut my loss with a loss of 32 points. What a day! 

The Loss : RM800 (32points x RM25 x 1contract - RM800) 

The balance is now RM 27,500 (RM 28,300 -  RM 800 = RM 27,500)

(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 30 May 2013

Title : Short Aug 2013 CPO Future Contract 

I shorted CPO Aug 2013 Future Contract at 2375 for 1 contract. The price has been up for many days. There is high chance for correction.
This is not my usual method of break out method. I just took the advantage of overbought situation. I have to bare in mind that the trend is still up.

Daily CPO Near Correction & Weekly Remained Bullish

I started this weekly watch series on CPO to at least get some idea of CPO current situation daily & weekly.

Daily Chart : CPO Daily Correction Near 
CPO has been up in May 2013 ; from the lowest point of 2230 registered on 6 May 2013 all the way to the high of 2375 on 24 May 2013 (a 145 points range).
With the price reaching the upper downtrend line and the upper line of 60 moving average, the minor correction is very near. Please refer to the daily chart.

Weekly Chart : MACD Is Making Higher Low 
Weekly CPO is still doing fine consider the MACD is still moving up and making higher low.

Beanoil Still In Sideways

It looks like bean oil future is still in sideways mode. The long tail candle of Yesterday further confirmed the sideways. We have to wait for a breakout either way to establish a new trend ; ups or downs.

Short To Take Profit

Date of exit : 23 May 2013
Title : Short To Take Profit 
I exited the trade to lock profit at 2369 for 50 points gain. The market has been slow, 50 points is good enough. 

The Profit : RM1250 (50points x RM25 x 1contract = RM1250) 


The balance is now RM 28,300 (RM 27,050 +  RM 1250 = RM 28300)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 16 May 2013

Title : Reversed To Long As Usual

I also long CPO Aug 2013 at 2317 for 1 contract. 

Short Position Kicked Out

Date of exit : 16 May 2013

Title : Short Position Kicked Out

My position was stopped out at 2317 with a loss of 26 points (2 points for commission). 

The Loss : RM 650 (26points x  RM25 x 1contract = RM 650) 

The balance is now RM 27,050 (RM 27,700 - RM 650 = RM 27,050)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 14 May 2013

Title : Shorted Aug 2013 Future Contract Too

I reversed to short CPO Aug 2013 Future Contract too at 2293 for 1 contract. I placed the order earlier. This could simply a correction and it does not look like a major one. 

Short To Take Profit

Date of exit : 14 May 2013
Title : Short To Take Profit
I exited my trade at 2293 with a gain of 16 points after 2 points deducted for commission. 

The Profit : RM400 (16points x RM25 x 1contract = RM400) 

The balance is now RM 27,700 (RM 27,300 + RM 400 = RM 27,700)
(The details of my account is at My Future Trading Account Records 2012 )

Date of entry : 8 May 2013

Title : Long CPO At Early Open

I initiated long position of July 2013 CPO Future Contract this morning at 2275 for 1 contract. The price has been down for many days and there is high chance for rebound.