As yesterday,
CPO short position still holding.
stop was never triggered.
partial position stop move to 2209, (if higher than 2209 in hourly barclosing, not high)
partial stop remain at 2275, ( if higher than2275 in hourly bar closing, not high.
Result:
1 profit, 0 losses.
For CPO,
CPO price seems temporary bottomed around 2170 levels
possible rebound to 2209 levels. or possible at 2250.
If CPO gap up, < 2209, fresh short position in encourage.
If CPO gap up, >2209, take partial profit, wait for clearer view.
If CPO gap down, >2155, stay out. short position remain. Don't rush to take profit.
If CPO gap down, <2155, bear market continue. but fresh short position in not encourage.
If CPO, 2155 < x <2209, stay out.
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all stop change to 2209.
ReplyDeleteovernight soybean oil and crude oil drop a lot.
CPO stop change to 2180.
ReplyDeleteCPO stop change back to 2210. hourly chart closing
ReplyDeleteCPO, prepare to take profit for half of the position.
ReplyDeleteIf CPO break 2093, in hourly chart.
ReplyDeletemight be looking at 1930 levels.
however, will take half of the position profit
CPO place stop at 2125
ReplyDeleteCPO, took 50% position profit at 2096.
ReplyDeletehalh position still remain stop 2125.
ReplyDeletetook all profit for remaining CPO position, 2090.
ReplyDeleteno more working orders.
CPO should be trading here or looking bottom at 1930 levels.
ReplyDeletepossible sideways formation.
looking to turn bull market after this
start from now, base on technical, i'll just trade CPO for short term trading. waiting for bull trend to come.
now is good time to wait for FKLI. better prospect