Friday 31 July 2015

Palm Oil Short 2184 - A Bad Start In The 2nd Half For Year 2015

No doubt there is still over 10% "gross" rate of return for the accumulated profit on the FCPO short term technical trend indicator Y, it is a losing month for the month of July, and it is therefore a bad start for the second half of the year 2015.

Since we foresee the short 2184 using the indicator Y will not be able to record its profit or loss by end of today, the monthly accumulated loss is 79 ticks for July. It is the biggest monthly accumulated loss since the beginning of year 2015.

Seven months only accumulated realized gross profits of 95 ticks or $2,375 per contract size basis. Based on the $20,000 risk capital ratio on per contract size basis or it is basically 800 ticks capital needed to trade a single lot of FCPO, the gross realized rate of return is 11.875% (i.e. 95 / 800 x 100) based on the last selling price 2184. Refer to the Beta page for details.

It is a long journey to reach 400 ticks half way target we wish to get like what FKLI had done using the indicator Y trading guides.