Date of entry: 9 Nov 20011
Shorted FCPO In Afternoon Session
I shorted FCPO Jan 2011 Future Contract at 3039. There is no strong reason to short accept that candle stick pattern called hangman emerged at the first bar of the day (2 hourly chart).
Date of exit: 10 Nov 2011
Long to close position
I longed to close my short position at 3063 with a loss again at 26 points (2 points for commission).
The Loss: RM650 (26points x RM25 x 1contract = RM650)
The balance of my account is RM14,500 after the loss of RM650.
(The details of my account is at My Future Trading Account Records 2011 )
abel,me wilson ,done long feb feb3108 x 1
ReplyDeleteHi Abel, if you use candlestick chart-pattern you would have longed at 3040-3050.Airman.
ReplyDeleteHi Airman,
ReplyDeleteI was supposed to long at 3050. But it came too fast that by the time I realized, the price was at 3070; 20 points away from my entry price.
Regards,
Abel
ABEL ,ME WILSON,SORRY WRONG TYPE,IS SHORT FEB3108 X1 NOT LONG.
ReplyDeleteI suggest you use 60min chart instead of 120min.this way you can use both candlestick and also chart patterns.Airman
ReplyDeleteHi Airman,
ReplyDeleteI actually in the process of doing the research on 1 hour chart instead of 2 hour. It looks ok.
Regards,
Abel