FCPO Trading – 15th June 2020

Previous Close	2371
Support 1	2315
Support 2	2240
Resistance 1	2422
Resistance 2	2500
Open	2371
Close	2329

FCPO August 2020	Order Place time : 14:45
Long	2330
Cut Loss	2320
Target Price	2350
Reward to Risk Ratio	2

Losing Trade

At 14:45 WVAP is RM 2350 and price is at RM 2320 hence long order is made at RM 2330 expecting the price to rebound back to VWAP.

However the order does not revised after the order is make and the VWAP had drop since. At 16:30 when the price hit the VWAP had drop to RM 2330 which is the order price.

Leasson learnt from this trade always monitor the VWAP price and VWAP price is more volatile on Monday. Try not to trade on money unless necessary.

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FCPO Trading – 10th June 2020

Previous Close	2388
Support 1	2310
Support 2	2210
Resistance 1	2445
Resistance 2	2525
Open	2404
Close	2349

At 15.00 (GMT + 8), trying to breake through VWAP a few time hence nut order is made at 2400.

FCPO August 2020	Order Place time : 15.00
Long	2400
Cut Loss	2390
Target Price	2420
Reward to Risk Ratio	2

Losing Trade

Is a mistake at the time of the long order did not realise is downward trend and trying to break the support at WVAP level at 2395 instead think 2395 is a strong WVAP support.

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FCPO Trading – 9th June 2020

Previous Close	2348
Support 1	2310
Support 2	2210
Resistance 1	2445
Resistance 2	2525
Open	2332
Close	2388

At 15.00 (GMT + 8), upward trend hence long order was make on 15:00 although there might be a chance of price go down to WVAP.

FCPO August 2020	Order Place time : 15.00
Long	2420
Cut Loss	2410
Target Price	2440
Reward to Risk Ratio	2

No Trade

The price does not trigger and revised twice also does not trigger. My first instinct is to short the price back to WVAP however finally decided to long as it is shown a long trend and hoping it would reach the resistance level at 2445.

However it is a wrong decision, my first instinct is right.

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FCPO Trading – 5th June 2020

Previous Close	2326
Support 1	2310
Support 2	2210
Resistance 1	2445
Resistance 2	2525
Open	2342
Close	2348

At 15.00 (GMT + 8), price trade around Weekly VWAP, hence long order is make trigger at 2335 slight below the VWAP.

FCPO August 2020	Order Place time : 15.00
Long	2335
Cut Loss	2325
Target Price	2370
Reward to Risk Ratio	3.5

Losing Trade

The long order is trigger but the price continue to fall to 2300 then rebound back to 2390. Cut loss was hit at 2325.

Lesson learnt from this trade is only put in order trigger for long above the current price and short below the current price. Today long order was made when the trigger price is below the current price which cost the losing trade. If a few minutes is wait there woud be a wining trade.

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FCPO Trading – 4nd June 2020

Previous Close	2399
Support 1	2310
Support 2	2260
Resistance 1	2445
Resistance 2	2525
Open	2374
Close	2326

From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is upward trend with a support at 2355 and 2370.

FCPO August 2020	Order Place time : 15.15
Long	2375
Cut Loss	2365
Target Price	2395
Reward to Risk Ratio	2

After price go below 2370, a long order is made at 2375 think that the price would go back up to the previous day close.

Losing Trade

The price trade around 2370 after it matched as that is a support level for the day. However the price drop dramatically around 17.15 when Malaysia tested positive patience is reported the highest day increase so far which is an unexpected event.  

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FCPO Trading – 2nd June 2020

Previous Close	2285
Support 1	2210
Support 2	2145
Resistance 1	2335
Resistance 2	2445
Open	2285
Close	2341

From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is upward trend and trade below one week VWAP hence buy order is make on 15.00.

FCPO August 2020	Order Place time : 15.00
Long	2300
Cut Loss	2295
Target Price	2320
Reward to Risk Ratio	2

Trade match on 15:21. With the price around 2310 a revised cut loss has been make on 15:35 which is a bad decision in the end and cause a losing trade.

FCPO August 2020	Revised Order Place time : 15.25
Long	2300
Cut Loss	2295
Target Price	2320
Reward to Risk Ratio	4

Losing Trade

A revised cut loss had been make which cause the losing trade. The price is trade between weekly VWAP and pivot point 2324 before going up.

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FCPO Trading – 1st June 2020

Previous Close	2292
Support 1	2187
Support 2	1939
Resistance 1	2445
Resistance 2	2580
Open	2310
Close	2285

From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is upward trend. Order today at 15.30

FCPO August 2020	Order Place time : 15.30
Long	2345
Cut Loss	2335
Target Price	2375
Reward to Risk Ratio	3

No Trade

The order was made because it is upward trend before 15.00. There is a sign of downward trend at the pivot level 2336 had been miss when the order is made. At 16.15 there is an attempt to reduce the entry price to 2337 which is a big mistake. Luckily the price did not meet the revised entry price and no trade had been done. Order cancel at 17.15.

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