CPO Futures Trades In Year 2020 - 1st Comment (May)

After keeping all the advance updates for readers traders to digest technical trend trading on crude palm oil futures or CPO Futures for the past many years, I had set up a special new unconventional updates in year 2020 for CPO Futures Trading in 2020 in the CPO Futures blog.

Refer to the link https://cpofutures.blogspot.com/ for the simple advance update which I had done it for the past 4 months with notes.

For new readers traders, read thoroughly paragraph by paragraph then only check the itemized trade signals. The notes at the bottom is the write-up when I think it is time to keep a note there. 

In the past 4 months, the advance trade signal had always been updated in advance at best I can as readers traders can see them in the Buy / Sell signals with Date. If there is no change in the date, I may have been away for something else and miss the update and wish to apologize for failing to update them.

As readers traders can see the Item 1 to 10, there are words with smallest fonts and strikethrough (like this), it is telling you that the Trade Signal had been triggered and the Price was stated after the Buy / Sell.

In the notes, readers traders can search for the monthly accumulated profit and loss. We will keep updating all the details in the notes until end of the year to get the Full Year Performance.

Best regards to all readers traders and be disciplined traders if you are trading CPO Futures.

Bursa Malaysia Derivatives - 3

Technology has made a deep impact on futures trading, open out-cry trading on crude palm oil futures trading generated an average much below 2000 contracts a day when I was still a runner in the cpo futures trading pit in KLCE but electronic trading can help generating more than 2000 contracts in just a few seconds in cpo futures trading presently.

I still remember the chaos day that open out-cry cpo futures trading volume hit 5000 contracts when I was a trader in a newly set up futures company called KAF-Refco, we did 3000 contracts that day! Since the trading copy, as mentioned in previous post, had its limitation by not exceeding 20 contracts per copy (under the KLCE rules), just imagine how many copies would have been raised for the 5000 contracts traded that day! We floor traders had to sort out all the trading copies for more than 3 hours after the cpo futures market was closed at 6pm! 

30,000 open positions was basically at the high end in open out-cry trading but electronic trading has the open positions hit 280,000 before coming down to about 180,000 when this post is written.

As we all know that Locals in cpo futures trading are the speculators but also the market makers. In open out-cry trading, they were the pits traders jumping up and down "insanely" in outsiders' eyes who stood at the 5th floor Gallery watching down the big trading floor on all kinds of hand signals and body gestures in a very noisy environment in DayaBumi Complex.

Today, there is no more such a marketplace. Locals sit in cosy rooms finger press on their keyboards to do trades... no longer jumping up and down with hand signals!

The Journeying Self

We are travellers, be it short or long distance. The journey through life is having different identity formation. Along the memory lanes of ups and downs since we were born, piecing together the jigsaw puzzle of life, and then gradually the stories unfolded and we realize that we are all the same - we're getting old!

After attending "The Journeying Self: Travel and Identity" a 2-day travel writing course presented by an author, Ms Beth Yahp, somewhere in year 2006, I started taking down notes about the wild zigzagging crude palm oil futures market that I had been working in for the past 10 over years and finally published my very first book, titled: Trading Crude Palm Oil Futures @ Bursa Malaysia Derivatives, in year 2009. 

Setting up blog after blog leaving some of my "foot prints" in this futures market, I have decided to call it a day, and have my real name instead in this blog to start my write-up for public viewing and sharing. Cheers! Happy reading!