CPO 2nd Sep 2009

As yesterday,
short position still holding@ 2365 cut loss @2378

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

Outlook,
still bearish,
but short term possible near bottom.

Strategy,
if CPO >2310, clear all short position.
if CPO <2298, short signal, short cut loss at previous 2 5min bar high + 10points
if CPO <2272, short signal, short, cut loss at previous 2 5 min bar high + 10 points