FCPO Breakout - Potential Move Higher After Tracement

FCPO 30 Minutes Candle Stick Chart

FCPO Dec Contract Gap up at the open this morning indicating the potential bullish momentum ahead.
Suggestion : We could wait for the retracement to enter long position; 50% or 61.8% Fibonacci Retracement will be a good price to long.And of course, the Stop Loss must be place at the most recent low or your choice of the low.
GOOD LUCK!

Reason For Lack of Posts Recently...

To all my loyal visitors, you may have noticed that I have not been blogging for a while in recent months. This is due to health issues, and I have been resting since and have been putting off posting on here for the time being.

Thank you for understanding.

Exited Trade To Confirm Profit

Date of exit : 10 Feb 2014
Title : Exited Trade To Confirm Profit
I exited the trade to take profit at 2599 with 40 points gain. It might continue the surge. I guess it is enough for me for now.

Date of entry : 6 Feb 2014
Title : Long CPO At the Open
I initiated long CPO April 2014 Future Contract at 2557 for 1 contract at the open. MACD is moving upwards. There is a potential for the rebound.

Exited For Profit

Date of exit : 23 Jan 2014
Title : Exited For Profit
I exited my trade at 2595 with a gain of only 26 points for my first trade of the year. The price might continue surge, 26 points is good for me for now.

The Profit : RM 650 (26points x RM25 x 1contract = RM 650) 

The balance is now RM 26,850 (RM 26,200 + RM 650 = RM 26,850)

Date of entry : 20 Jan 2014
Title : Longed CPO At The Open This Morning
I initiated long position at the open when the price opened with gap at 2567 with 1 contract.

My FCPO 2013 Performance - FLAT!

FCPO Trading 2013 : 
My opening balance for FCPO was RM 26,175 in 2013. After a long and stressful trades for the whole year, my account managed to break even at RM 26,200 (slightly positive by RM 25!). I actual made up to RM 32,875 and for some reasons, the trades went south making me string and string of losses all the way to the low balance of RM 21,875.

The few bad trades enough to kill all my 'should have' profit of the year. In trading, anything can happen. When experiencing big win, we should BECOME very CAUTIOUS to preserve our profit. This is the lesson I learn from 2013 FCPO Trades. 

FKLI Trading 2013 : 

I have been quiet in FKLI trading with the reason that FKLI has no pattern. A pure chartist would find it hard to trade. I only managed have only trades for the whole year. Well, at least it is positive. I am happy actually. 

My initial balance at the beginning of 2013 was RM 13,675 and I managed to a little profit of RM 4,150 to RM 17,825; a positive performance of 30.35%. 

Short To Realize Profit

Date of exit : 30 Dec 2013

Title : Short To Realize Profit

I exited the trade at 2648 with a profit of 60 points this morning when the market open. The surge of the price seems not strong and it has been 10 days since I initiated the trade. 

The Profit : RM 1500 (60 points x RM25 x 1contract = RM 1500)

The balance is now RM 26,200 (RM 24,700 + RM 1500 = RM 26,200)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 20 Dec 2013
Title : Long CPO 
I initiated long position for CPO March 2013 Future Contract at 2586 for 1 contract.

Closed Position For The Weekend

Date of exit : 29 Nov 2013
Title : Closed Position For The Weekend
I closed my long position at 2662 with little gain of 3 points. 

The Profit : RM75 (3points x RM25 x 1contract = RM75) 

The balance is now RM 24,700 (RM 24,625 + RM 75 = RM 24,700)

(The details of my account is at My Future Trading Account Records 2013 )

Date of entry : 28 Nov 2013
Title : Initiated Long Position
I initiated long position at 2657 for 1 contract. The uptrend could continue.