Position updates (1st March 2018): After more than a month of holding, the entry hit the Stop loss, the FCPO May 2018 contract has liquidated at the price 2560. The losses for this trade is 60 points. Result will be updated. Stay tuned for the next trade.

Position updates (28th February 2018): Today FCPO May contract run higher to 2565 and close at 2558. TKM v1 is still holding the position, we will proceed to set a SL at 2560 at market start tomorrow.. By tomorrow, if we are to see FCPO gap up or go above 2560 convincingly, the position should close automatically and this post will be updated to reflect it.

Weekly trend show sign of a rebound (not a reversal) by indicator. A reversal is confirm by MACD lines cross upwards. Weekly ending at 2523. This week is a Sideway market too.

MA 9 had cross downwards to meet MA 16 during 17th Jan 2018. Short entry triggered and trade order was placed and matched. Existing trade order remain valid and still holding.

Currently, both EMA lines have met each other again, but we will stay on with our position. Due to Active month changes, we have rolled the position to May 2018 contract on Monday. The new entry is Short May 2018 contract at price 2500 (The open price at Monday, 19th Feb 2018). This has cost us the 9 points Rolling losses, because we liquidated April 2018 contract at same day open price 2485 (our entry is 2476).

Order Status:

Short FCPO May 2018 at price 2500.

Profit taking target is according this 2420, 2400, 2370. Traders are advised to set trailing stop after each profit target cross.

Stop loss is at 2560 (2530+30 points).

Traders are advised that this is not a buy and sell call. This is educational purposes.

Good luck!