CPO 8th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

outlook,
if 2491 and 2502 is holding well, possible CPO might seen at bottomed.
if break 2533 first bullish signal

FKLI 8th Dec 2009

As yesterday
short @1266.5 established. cut loss at 1271

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Possible that FKLI might be bottom around support level 1252.
too many cross over this support levels.
have to be very careful.

CPO 7th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
bullish but rersistance 2604, 2658

strategy,
if not lower 2510, 2463, 2445, apply long and hold strategy

FKLI 7th Dec 2009

As yesterday
short @1266.5 established. cut loss at 1271

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Yesterday, support levels at 1265 break, next is 1265.5, 1254.
further break lower shall indicates more selling pressure.
currently, short is preferable, cut loss prefered at 1279 or 1283

Strategy,
cautious, short if not break above 1277

Thought Of A Day.

Trading.

What is trading?

Some said trading is just a hobby. Meant to get some thrill in the process yet a possibility to earn income. Is it true?

Some said trading is a gambling activity. it's either up or down, win or loss, is it true?

CPO 4th Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO low is 2463, 78.6% is 2458. seems not reach any projected levels.
However, big symmetric triangle form in hourly chart.
thinking complex correction formed. Wave C seems to touch 2458 levels.

Strategy,
wait and see.
lower 2458, short,
above 2458, long.

FKLI 4th Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Yesterday, support levels at 1268 break, next is 1265.5, 1254.
further break lower shall indicates more selling pressure.
currently, short is preferable, cut loss prefered at 1279 or 1283.

strategy,
try to short if open lower, cut loss on previous 15 min high.
try to long if break 1273.5. cut loss on previous 15 min low.

CPO 3rd Dec 2009

As yesterday,
No position established

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO also trend deciding moment
78.6% is 2504. yesterday high at 2510.
if tomorrow break lower than 2477, then major correction might be happen
if tomorrow break at 2504, then long, cut loss at 2480.

FKLI 3rd Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
Tomorrow is critical day.
If cant break 1277, 78.6% fibonacci levels, then it count as wave B or wave 2.
So FKLI must trade above 1277 to consider at uptrend resume

If break lower 1268, then almost certain wave B or wave 2, at 61.8% levels.
if this happened, then i think major wave 4 come in.

strategy,
wait and see, prepare to long if break higher, or sell if break support
trend deciding moment.

FKLI 2nd Dec 2009

As yesterday
no position established.

Results,
3 safe, 0 con, 17 losses, 9 win.
Average -34 points/lots

Outlook,
if FKLI now break below 1261 and 1254, i think FKLI should be continue with upwards wave count on extension count.
another observation is FKLI must hold above 1281 at any time during trading session. else, it's possible is just rebound wave count at wave 2 or wave B.

strategy,
long, cut loss at 1260.

CPO 2nd Dec 2009

As yesterday,
Long position @2172 took profit at 2218, profit 36 points

Results.
1 safe, 2 con,11 losses, 16 win.
Average +491points/lot.

Outlook,
CPO seems bullish. however, must be able to hold above resistance levels at 2504 and 2521

Strategy,
long if break 2510, cut loss at previous 15 min bar low
long if break 2521, cut loss at previous hourly bar low

support seen at 2548. 78.6% fibonacci support levels