Long To Close At 3268

Date of entry: 22 Feb 2012
Short May CPO For Potential Correction
I shorted CPO May 2012 Future Contract at 3254 for one contract. The market has been up, there is high chance that it will correct.

Date of exit: 23 Feb 2012
Long To Close At 3268
I longed to close my position at 3268 with a loss of 16 points with 2 points as commissions. The price opened with a gap and recovered strongly. I have no choice but to close the position and wait for the next move. This is trading, morning everything seems so bright and the market reversed to black in the afternoon.

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

Exit Trade At The Open

Date of entry: 10 Feb 2012
Long CPO For Continuation Of Trend
I longed FCPO April Future Contract at 3138 for one contract. There is potential of the continuation of up trend.

Date of exit: 16 Feb 2012
Exit Trade At The Open
I shorted to exit the trade at 3170 on opening bell with a little gain of 30 points (2 points for commission). Wow! I hold it for 4 days! I usually hold it not more than 3 days based on hour chart.

The Profit: RM750 (30points x RM25 x 1contract = RM750

Hard Broken To See Profit Run Away!

Man! CPO opened with a gap at 3110 and continued the surge to the high of 3153. I did not take any position on Friday thinking that long weekend with two long holidays ahead. But the market just does what it wants.
My usual method will be entering the long in the morning on opening bell, but I was afraid and 'hoping' that it would not go that high. I was miserably WRONG.

We Have To Trust Our Preset System; Lesson Of The Day

KLCI Weekly In Consolidation Zone

(2012-01-26) KLCI is placing at consolidation zone (refer to chart) based on weekly chart. Every thing seems at the bullish side despite almost of the analyst are bearish toward the financial market all over the world.
I am kind of neutral. The market might turn to be a big surprise to the upside.

Daily Chart Update

It looks like FCPO April 2012 Future Contract is heading no way. It could go either way. A break out with volume is important to decide on the direction; bullish or bearish.

Gossip About FCPO

FCPO closed at 3164 with a high of 3173 which is near recent low of 3176 (refer to chart). It looks like the price will rest for now.

CPO Hit Support - Potential Rebound

FCPO of April 2012 Future Contract gaped down this morning and hit the low of 3099 which is very near the support 3087 (the earlier day high - refer to chart).
With the formation of white hammer, there is high chance that the market will rebound or at least slow down the plunge.