Saturday, July 25, 2009

CPO 27th July 2009

As yesterday,
short position covered.
cut loss, loss 3 points.

results:
0 safe, 0 con, 4 losses, 3 win.

CPO outlook,
Downtrend is in jeopardy.
Resistance at last%@2134 and 2180 must not be violated.
CPO reach 161.8%@2062.
rebound last%@2134.

strategy,

If CPO >2180, bullish, but still 1st hourly bar formed, >2180, long, cut loss previous bar low -10 points.

If CPO >2134, clear short intention.

If CPO < 2090, short signal appear. short, cut loss at hourly bar high + 10 points.

If CPO < 2063, bear continue. short, cut loss at 2 previous 15 min bar high + 10 points.

Aiming 1930.

All the best in trading.

2 comments:

  1. CPO open 2090.
    if close below 2090, short position will established.

    ReplyDelete
  2. CPO, if break 2090, short, cut loss at today high.

    ReplyDelete