Wednesday, July 22, 2009

CPO 23rd July 2009

As yesterday,
i did not establish anything as i was developing my new system.

Result:
0 safe, 0 con, 3 losses, 3 win.

CPO outlook,
Still bearish.
minor wave 3 seem complete. might rebound tomorrow.
another possibility is wave c complete. have to be careful if break 2140

Strategy,
Short on rebound.
23.6%@2097
38.1%@2110
50%@2120
61.8%@2129
last@2144

if CPO hit any of this price, wait 15 min, short, cut loss at previous 2 15 min bar high + 10 point.

if CPO gap down < 2070, wait 15 min, short if closing <2070, cut loss at previous 15 min bar high + 10 points.

if CPO gap down <2020, bear is confirmed, wait 15 min, short, cut loss at previous 15 min bar high + 10 points

All the best in trading.

4 comments:

  1. CPO open 2103, high at 2115, above 38.1%
    wait another bar, to see where it close first.

    ReplyDelete
  2. CPO, short if break 2091, cut loss at today higher 2115 + 5 points

    ReplyDelete
  3. CPO, short position established @2113, cut loss at 2123 + 10 point higher.

    ReplyDelete
  4. For better returns keeping a good track record of stock market movements is must. Daily reports of stock market experts are shared by epic research as well.

    ReplyDelete