Tuesday, August 11, 2009

CPO 12th Aug 2009

As yesterday,
no position established.

Results
1 safe, 1 con,7 losses, 4 win.
Average - 3 points/lot

Outlook,
short term bearish.
today i finally spot an EW formation.
complete wave3 or wave C at 2471.
if tomorrow were to open lower, bearish market is likely.

Strategy,
if CPO >2471, stay out, remain bullish. aim at 2510
if CPO <2455, short, cut loss at 2476.

No comments:

Post a Comment