CPO 31st July 2009

As yesterday,
short position still holding as hourly bar not close above 2150.
but it's damn near already.

results:
1 safe, 0 con, 4 losses, 3 win.

Outlook,
CPO is confirmed not uptrend yet.
But downtrend seems in jeopardy.
tomorrow, 2162 must not be higher.

strategy,
if CPO > 2180, long, cut loss at previous hourly bar low - 10 points
if CPO > 2162,cut loss, not closing, once break high, cut already

if CPO< 2140, uptrend not confirm, holding short.

if CPO <2120, sell signal, short, cut loss at 2 previous 15 min bar high + 10 points
if CPO <2090, sell signal, short, cut loss same
if CPO <2063, bear is confirmed.

All the best in trading.