CPO - Long To Cash Out

Date of entry: 25 Jan 2011
Short FCPO
I shorted FCPO April 2011 at 3705. The price dropped lower than the opening price.

The concern: It hit moving average low of 3703 (Blue Line) based on 2 hourly chart and near 3696 moving average low (Blue line) based on daily chart.


Date of exit: 26 Jan 2011
CPO - Long To Cash Out
I longed to close the short position at 3655 with a gain of 48 points after deducting 2 points for commissions ( 3705 - 3655 - 2 = 48points ).

The Profit: RM1,200 (48points x RM25 x 1contract = RM1,200)

The balance of my account is RM20,025 after the profit of RM1,200.
(The details of my account is at My Future Trading Account Records 2011 )