CPO 20th July 2009

As yesterday,
1 profit trade of 15 points/ lot
1 loss trade of 17 point/ lot
no position holding

Results:
0 safe, 0 con, 2 loss, 3 win.

For CPO,
As expect, CPO rebound.
i longed but did not follow plan again.
took profit too fast.
my target is 2140.
have to readjust myself for trading.

Outlook
Bull still not yet confirm
Bearish seems tired.

Strategy,
If CPO >2168, cut all short position.
if CPO 2128 < x < 2168, stay out.
if CPO <2128, wait hourly bar form, if still below 2128, short, cut loss at hourly bar high +10 point.
if CPO <2070, short, cut loss at 2140. stop.