Tuesday, August 25, 2009

CPO 25th Aug 2009

As yesterday,
short position established @2392 cut loss at 2405.

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
still uncertain.
possible wave A already complete. now wave B undergoing.

strategy,
unless manage to short above 2385 and place cut loss at 2405, else, not advisable to go in as i expect shaky market.

expect wild market trading ahead.

change to candlesticks methodology for trading as wave count on minor wave would be more vulnerable.

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