FCPO Trading – 28th May 2020

Previous Close	2281
Support 1	2255
Support 2	2145
Resistance 1	2335
Resistance 2	2445
Open	2300
Close	2268

From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is downward trend. Order today at 16.00

FCPO August 2020	Order Place time : 16.00
Short	2265
Cut Loss	2275
Target Price	2230
Reward to Risk Ratio	3.5

Losing trade.

The order was made because it is downward trend as show and expecting to go lower. It is a wrong decision as I did not realise it is testing the support level of 2255. The order is make when my mind is unclear with my work and had multiple though of cancel the order but force to make the order because of yesterday experience.

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FCPO Trading – 27th May 2020

Previous Close	2167
Support 1	2133
Support 2	2095
Resistance 1	2210
Resistance 2	2265
Open	2210
Close	2281

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

FCPO August 2020	Order Place time : 15.00
Long	2230
Cut Loss	2220
Target Price	2260
Reward to Risk Ratio	3

No trade is done.

The order was made because it is upward trend and target price is 5 point below the second resistance. Expecting the price to go down to near afternoon open price then go back up to the second resistance, however the lowest price after 15.00 is about 2243, 13 point away from the order price.

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Introduction for The Blog

This blog is written to record down my own the trading of Crude Palm Oil Futures (FCPO) in Bursa Malaysia. As in my other blog IVKLS I am a strong believer of value investing (long term) which is more focus on fundamental analysis. I start investing in Bursa Malaysia  Stocks since 2014 by only investing in value and dividend paying stock.

Since last year (year 2019), I willing to take out some of my money to try on trading (short term), many researches had been done since then. Initially, I though trading is about technical analysis (charting) however “The Disciplined Trader” and “Trading in the Zone” by Mark Douglas had changed my view completely. Trading is all about human emotion or trading psychology. Anything can happen in the market and no one can be 100% right.

Five Fundamental Truths of Trading by Mark Douglas:

1) Anything can happen

2) You don’t  need to know what is going to happen next in order to make money

3) There is a random distribution between wins and losses for any given set of variables that define an edge.

4) An edge is nothing more than an indication of higher probability of one thing happening over another

5) Every moment in the market is unique

Other books which I would like to introduce to my viewer is Market Wizards by Jack D.Schwager.

After a year of studies about trading and trading simulation account, I had decided to open a futures trading account on Valentine day 2020 (14^th February 2020) and start trading FCPO since then. I had make some money in future trading but I realise that to improve my trading skill I need to record down my trade.

Hence this blog is born.

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