FKLI - Close At Settlement Price

Date of entry: 26 Aug 2010
What A Day! Turned Long Again
I reversed to long FKLI Aug 2010 again at 1404 for 2 contracts right after my short position was stopped out. The market is strong, it is a break up. Even though I am sad of losing money again, I sticked to my plan. This is trading.

Date of exit: 30 Aug 2010
FKLI - Close At Settlement Price
My position was closed at the settlement price of 1424.50 with profit of 20 points for each contract.

The balance of my account is RM 26,900 after the profit of RM 2000 (20points x RM50 x2contracts = RM2000) (The details of my account is at My Future Trading Account Records 2010 )

Long To Close CPO Short Position

Date of entry: 20 Aug 2010
Did I Short Too Low
I am not sure if I shorted too low at 2540 for 1 contract. The price is now below moving average. Honestly, I am not comfortable with this trade as the price has been down for 5th days. I just have to do what I got to do.

Date: 26 Aug 2010
Alert Signal: Bullish Candle Pattern
CPO Nov 2010 Future Contract closed at high of 2530 forming a bullish white candle pattern. This could mean a temporary end of bearish trend. I will put tight stop loss for now to protect my short position.

Date of exit: 27 Aug 2010
Long To Close CPO Short Position
I closed the long position at 2540 with a loss of 2 points as the rebound continue after the appearance of bullish white candle.
It looks like the rebound will resume toward the two moving averages.

The balance of my account is RM 24,900 after the loss of RM 100 (2points x RM25 = RM100) (The details of my account is at My Future Trading Account Records 2010 )

Stop Loss Hit Again - FKLI

Date of entry: 25 Aug 2010
Reversed To Short FKLI
I reversed my position immediately the moment I was stopped out to short 2 contract FKLI Aug 2010 future contract at 1391. It rebounded right after that. I will put tight stop loss. FKLI is now at below moving average now.

Date of exit: 26 Aug 2010
Stop Loss Hit Again - FKLI
My position was stopped out again at 1404 with loss of 14 points for each contract.The market looked strong for now

The balance of my account is RM 25,000 after the loss of RM 1400 (14points x 2contracts x RM50 = RM1400) (The details of my account is at My Future Trading Account Records 2010 )

FKLI - Stopped Out With Losses

Date of entry: 23 Aug 2010
Long FKLI At The Open
It is a break up of the recent high of 1395.50, so I placed long order for 2 contracts at 1397 at the open.

Date of exit: 25 Aug 2010
FKLI - Stopped Out With Losses
My position was stopped out at 1391 with a loss of 7 points for each contract including 1 point for commission.

The balance of my account is RM 26,400 after the loss of RM 700 (7points x 2contracts x RM50 = RM700) (The details of my account is at My Future Trading Account Records 2010 )

FKLI - Exit On My Target Price

Date of entry: 18 Aug 2010
Reenter Long Position - Bullish Engulfing
I reentered the market again;long FKLI at 1384 for 2 contracts. It is a bullish engulfing pattern with the price stayed well above moving average.

Date of exit: 19 Aug 2010
FKLI - Exit On My Target Price
The price hit my target price of 1395 with a gain of 10 points after deducting 1 point for commission.

The balance of my account is RM 27,100 after the profit of RM 1000 (10points x 2contracts x RM50 = RM1000) (The details of my account is at My Future Trading Account Records 2010 )

Stopped Loss Hit At 2640

Date of entry: 13 Aug 2010
Long CPO Oct 2010 - Price Opened With A Gap
I longed CPO Oct 2010 Future Contract at 2727 for one contract in the afternoon section. The price opened with a gap at 2727. It is way above moving average and with a gap open, the price could continue the upside.

Trade Correction: Closed Oct 2010 & Long Nov 2010
I closed Oct 2010 at 2727 with 1 point loss for the commission and long Nov 2010 at 2694.
You guys helped me to spot my mistake of wrongly entering the expiry month, Thank You You All Again

Date of exit: 17 Aug 2010
Stopped Loss Hit At 2640
My stop loss level reached at 2640 with a loss of 56 points including 2 points for commission. My actual total loss should be 57 points as there was 1 point for the trade correction.

The balance of my account is RM 26,100 after the loss of RM1425 (57points x 1contract x RM25 = RM1425) (The details of my account is at My Future Trading Account Records 2010 )

20 Points Is Good Enough

Date of entry: 13 Aug 2010
I Also Long FKLI Almost At The Close
I longed FKLI almost at the close at the price of 1362 (day high price!) for 2 contracts. The price stayed well above moving average. It has been up actually, and there is high chance that it will correct. I am going to place tight stop loss.

Date of exit: 17 Aug 2010
20 Points Is Good Enough
The price hit my price target of 1383 with a gain of 20 points per contract after deducting 1 point for commission. I am happy with 20 points profit.

The balance of my account is RM 27,525 after the profit of RM2000 (20points x 2contracts x RM50 = RM2000) (The details of my account is at My Future Trading Account Records 2010 )

13 Aug 2010: RTRS-Indonesia 2010 CPO output growth to slow on rains-assoc

JAKARTA, Aug 13 (Reuters) - Indonesia's crude palm oil (CPO) production may grow at a slower pace of 4.5-5 percent this year, versus last year's 7.5 percent growth, as prolonged rains have affected yields, the head of the country's palm oil association said on Friday.
"On average every year production grows about 10 percent, but for this year I don't think so because production may be disturbed by extreme weather," said Fadhil Hasan, executive director of the Indonesian Palm Oil Association (GAPKI).
"For this year I think the growth may be less than that, it could be around 4.5-5 percent only," he told Reuters.

(Reporting by Telly Nathalia; Editing by Neil Chatterjee)

Stopped Out - Price Higher Than Opening Price

Date of entry: 10 Aug 2010
Reenter Short Position FKLI
I reenter my short position for FKLI Aug 2010 future contract at 1360.5 for 2 contracts. The price is well below 24 moving average now.

Date of exit: 12 Aug 2010
Stopped Out - Price Higher Than Opening Price
My short position was stopped out at 1345.50 with profit of 14 points for each contract after deducting 1 point for commission. The price went higher than the opening price of 1344.50

The balance of my account is RM 25,525 after the profit of RM1400 (14points x 2contracts x RM50 = RM1400) (The details of my account is at My Future Trading Account Records 2010 )

Stopped Out At 1365

Date of entry: 9 Aug 2010
Short FKLI Aug Future Contract
I shorted FKLI August 2010 Future Contract at 1360 for 2 contracts. It is a break down.

Date of exit: Same Day
Stopped Out At 1365
My short position was stopped out at 1365 lossing 6 points for each contract.

The balance of my account is RM 24,125 after the loss of RM600 (6points x 2contracts x RM50 = RM600) (The details of my account is at My Future Trading Account Records 2010 )

Short To Exit CPO

Date of entry: 28 July 2010

I longed CPO Oct 2010 Future Contract at 2516 (1 contract) as it opened higher than the previous two candlestick bar couple with the price stayed well above moving averages.

This is the first trade since I changed my trading method to using daily chart instead of the previous 1 hourly chart; less trading activities and more relax.

Date: 30 July 2010
Still Holding On Long CPO Position
I still hold on to my long position. It was scary at times when the price went as low as 2495. The price managed to close above previous closing price at 2517.

Date: 6 Aug 2010
Are We Looking At 2700?
It has been an 8th days since I initiate my long position. Are we looking at 2700 mark? Honestly I don't know and I don't care as long as it does not violate my stop loss.

Date of exit: 9 Aug 2010
Short To Exit CPO
I shorted to exit CPO Oct Future Contract at 2718 with a profit of 200 points. The price has been up for sometimes now. 200 points gain is good enough for this trade for me

The balance of my account is RM 24,725 after the profit of RM5000 (200points x 1 contract x RM25 = RM5000) (The details of my account is at My Future Trading Account Records 2010 )

India Ups Palm Oil Buys As Discount To Soyoil Widens

(6 Aug 2010) KUALA LUMPUR (Dow Jones)--India, the second-largest vegetable oils consumer after China, may purchase more palm oil in the next two months than soyoil, as palm oil''s discount has widened, a Mumbai-based trading executive said Friday.

India is seeking between 550,000 and 600,000 metric tons of palm products, including crude palm oil and refined products, this month as the price gap with rival soyoil from Argentina has widened to $100/ton on delivered basis from $40/ton-$50/ton in the last two months, Govindlal G. Patel, director at Mumbai-based vegetable oils importer Dipak Enterprise, said by phone.

India imported 421,462 tons of CPO in June, while refined, bleached and deodorized palm olein imports stood at 42,282 tons, according to data fromthe Solvent Extractors'' Association of India.

Stopped Out At 1364.50

Date of entry: 2 Aug 2010
Long FKLI On Opening Bell
I longed FKLI Aug Future Contract at the opening price 1364 for 2 contract. It is a gap up (10 points) indicating bullishness in the market.

Date of exit: 3 Aug 2010
Stopped Out At 1364.50
The price hit my stop loss at 1364.50 with a loss of 0.5 points of each contract. It looks like the market would take a breather for now.

The balance of my account is RM 19,725 after the loss of RM 50 (0.5points x 2contracts x RM50 = RM50) (The details of my account is at My Future Trading Account Records 2010 )