Stop Loss Hit With Profit

Date of entry: 22 Dec 2010
Long FCPO On Double Break Up
I longed FCPO Feb future contract at 3604 for 1 contract based on 2 hourly chart. I have been using daily chart to trade and now I tried using 2 hourly chart just like my FKLI trading.

Reason to long 1) Price broke up from this morning high
Reason to long 2) Price also broke above moving averages now
Reason to long 3) It is still bullish based on daily chart
Reason to long 4) Candle stick bullish engulfing pattern

The concern: Holiday is near and the volume is small. Less traders take part.


Date of exit: 23 Dec 2010
Stop Loss Hit With Profit
My stop loss was hit at 3649 with a gain of 43 points after contributing 2 points for commissions.

The balance of my account is RM 35,350 after the profit of RM 1075
(43points x RM25 x 1contract = RM 1075)
(The details of my account is at My Future Trading Account Records 2010 )