Date of entry: 18 May 2011
Long FCPO At The Open
I longed FCPO at 3300 for 1 contract on opening bell. It is a gap up.
Date of exit: 19 May 2011
Shorted To Take Profit
I shorted to take profit at 3322 fo 20 points gain after deducting 2 points for commissions.
The Profit: RM500 (20points x RM25 x 1contact = RM500)
The balance of my account is RM22,175 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )
Gap Down then push-up to close the gap, really difficult for intra-day player...even daily trend is down, very difficult to trade..I believe it kill many, esp retailers.
ReplyDeleteBull_forever
SELL SHORT AT 3310,STOP LOSE AT 3320,TAKE PROFIT AT 3268.
ReplyDeleteSELL SHORT AT 3310,STOP LOSE AT 3330,TAKE PROFIT AT 3268. (+10 TO STOP LOSE)
ReplyDeleteHi,
ReplyDeleteIt is really to make even a little profit nowadays. Same goes to FKLI.
Abel
Hi Abel, is impressed by your discipline..
ReplyDeleteby the way, i'm newbie, and hv some question in your FCPO chart, it's stated 120 min time frame, thus is it the first two bar is morning session and the rest is afternoon session? thx..
Hi,
ReplyDeleteThe 120 min time frame would mean the 1st bar of the day would be from 10:30am to 12:00pm
and the 2nd bar will be from 12:00pm to 2:00pm,
then follow by 2:00pm to 4:00pm,
finally 4:00pm to 6:00pm.
There are 5 bars in total a day.
I hope I answer you question.
Regards,
Abel
Hi Abel,
ReplyDeletethank for your answer regarding to 120 min bar question, but I thought the FCPO market is closed from 12.30pm to 3pm, is it?
sorry for noob question..
The market is closed between 12:30pm to 3pm, but it is still considered as one bar. Only difference is that particular bar is only traded 30 minutes. And the volume is smaller.
ReplyDeleteI normally ignore this bar.
Regards,
Abel