Date of entry: 18 March 2011
Long FCPO June Contract
I longed FCPO June 2011 future contract at 3408 for 1 contract.
Reason To Long 1) The price is above both moving averages
Reason To Long 2) The price formed a bullish candle stick pattern on 2 hour chart.
Date of exit: 21 March 2011
Short To Lock Profit - CPO
I shorted to close the position at 3455 with a gain of 45 points (47points - 2points commission). The black candle stick pattern indicates weak market. I did not want to risk any further.
The Profit: RM1,125 (45points x RM25 x 1contract = RM1,125)
The balance of my account is RM22,200 after the profit of RM1,125.
(The details of my account is at My Future Trading Account Records 2011 )
Abel, All the best.. me same same. :D
ReplyDeleteHi 华仔,
ReplyDeleteAll the best for both of us
Abel
see u all at 3550/3580....
ReplyDeleteThis trade is yours...congrats.
ReplyDeleteThanks!
ReplyDeleteCongrats! Your trading system is one of the best I have seen so far, if not THE BEST. Stick to it and the best of luck to you. Pls do update ASAP after you enter/exit. TQ.
ReplyDeleteAbel, 恭喜ｘ２！！ ｉ ｃｕｔ ｍｙ ｌｏｎｇ ａｔ ３３８２ ａｎｄ ｔｕｒｎ ｓｈｏｒｔ ａｌｓｏ ａｔ ３３８２ ：Ｄ ｎｏｗ ｔａｒｇｅｔ ｂｅｌｏｗ ３３００ ＞．．＜
ReplyDeleteI took profit jor.. S3382 L3300 :P
ReplyDeleteWow! 华仔,
ReplyDeleteGood Trade. It is better to take profit as there is a high chance that the market will bound; over sold.
Abel
Hi, I dare not think that way "The Best Trading System". Every system has it's strength and weakness. I will try my best to continue.
ReplyDeleteThanks
Abel
tq Abel, I needed to take profit because my previous Long cost me (52).. lucky i could gain back.. :p Also like you said, high chance rebound.. i feel support was formed at 3300 so i decided to clear my position there.. happy trading and all the best! >..<
ReplyDelete