As yesterday,
CPO took profit at 2035.
15 points /lot
No position establish.
Results:
0 safe, 0 con, 1 loss, 3 win.
For CPO,
Today CPO price 1st time break previous top resistance at 2058.
Possible 1st sign of trend reversal.
However, CPO still no need reach my desired target 1930.
Decision to follow original plan, wait for further confirmation.
But if Bull Coming, there are 2 types of trading that i plan to apply.
1st is long term position trading, suggest to take 2 month ahead.
2nd is spread trading.
Strategy:
think CPO might be sideways starts from today.
if CPO >2181, bull trend 100% confirm formed.
if CPO <2181, short position is still preferred. preferred price at 2073, 2098, 2134.
if CPO <2007, short signal appear. short position establish, cut loss at previous hourly bar high plus 5 points.
if CPO <1983, short signal appear, short position establish, cut loss at previous hourly bar high plus 5 points.
only trade upon 10% of fund. as i expect more lossing trading happen here and less profit margin.
best choice is stay out from CPO market.
best of trading days.
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CPO last resistance at 2134 and 2180.
ReplyDeleteonce break, meaning hourly chart closed above this 2 levels.
Strong Bull signal appear.
however, still stay out in the early stage.
wait for good pricing.
Best choice still is stay out from the market.
ReplyDelete