Wednesday, January 12, 2011

Long To Close CPO


Date of entry: 12 Jan 2011
OK OK I Shorted CPO
I shorted at 3687 for 1 contract. This will be a short term in nature knowing that it is at the support (moving average) based on daily chart. Please refer to the following daily chart.



Date of exit: Same Day
Long To Close CPO
I longed to close the position at 3640 for 46 points again after deducting 1 point for commission. For half a day work, it is good enough.

The Profit: RM1,150 (46 points x RM25 x 1contract = RM1,150)



The balance of my account is RM17,475 after the profit of RM1,150.
(The details of my account is at My Future Trading Account Records 2011 )
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9 comments:

  1. AnonymousJanuary 12, 2011 at 12:40 PM

    Hi Abel. May I know what are your moving averages are?

    ReplyDelete
  2. AbelJanuary 12, 2011 at 12:50 PM

    Hi,
    I am using 24 days moving averages of the high and the low price. Upper line is the high and lower line is the low.

    Abel

    ReplyDelete
  3. AnonymousJanuary 12, 2011 at 1:05 PM

    Got it. thanks

    ReplyDelete
  4. AnonymousJanuary 12, 2011 at 4:50 PM

    Good trade. Looks like correction almost ending...

    ReplyDelete
  5. AbelJanuary 12, 2011 at 5:07 PM

    Thanks. It looks that way.

    ReplyDelete
  6. AnonymousJanuary 13, 2011 at 10:07 AM

    Perfect timing! Look at SO overnight! Plus CO? Looks like big gap up openning...

    ReplyDelete
  7. 华仔January 13, 2011 at 12:15 PM

    Abel,赞！加油！

    ReplyDelete
  8. AnonymousJanuary 13, 2011 at 12:57 PM

    Pls update after you re-enter next.

    ReplyDelete
  9. AbelJanuary 13, 2011 at 1:11 PM

    Thank you so much 华仔Andy.

    So far there is no entry opportunity.


    Thanks
    Abel

    ReplyDelete

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