CPO 28th Aug 2009

As yesterday,
short position@ 2365 cut loss @2386

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

Outlook,
still bearish
expect rebound 2360 and 2374.

Strategy,
if CPO >2385, clear all short position
if CPO <2374 on 5 min closing, short, cut loss at 2386
if CPO <2360 on 5 min closing, short cut loss at 2386
if CPO <2346, mild short signal, short, cut loss at previous hourly high + 10 points
if CPO <2331, short signal, short, cut loss at previous 2 bar 5 min high + 10 points.