FCPO Sep 2017 Contract Long Trade 20 Jun 2017

I posted on 18 Jun 2017 of the possible end to FCPO 3rd month contract downtrend at https://swingtrader188.blogspot.my/2017/06/fcpo-3rd-month-contract-end-of-downtrend.html.

The FCPO 3rd month contract was the Sep 2017 contract. I did act on the signal and you can see the summary of my trades on the chart below:

FCPO 3rd Month Continuous Daily Chart

I entered long on 20 Jun 2017 at 2476 and 2465 with an initial stop at 2420 and Take Profit at 2515 and 2650. It was a very challenging trade emotionally particularly at the beginning when the trade was red for a number of days and was very close to hitting my initial stop loss. It was really testing on my patience and confidence. On hindsight I could have entered at a better price had I waited

It was only on 03 Jul 2017 when FCPO closed above its 20sma that my trades turned green.
My patience was rewarded on 05 Jul 2017 when my 1st take profit level at 2515 was hit netting me +39 points. See screenshot below.

When the long black candle formed on 11 Jul 2017 I decided to raise my stop loss to 2573 and it was hit the next day on 12 Jul 2017 netting me +108 points. See screenshot below:

Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.