As yesterday,
no position establish.
Result:
0 safe, 0 con, 0 loss, 2 win.
For CPO,
CPO manage to break down below 2075 in hourly chart closing.
however, i decide not to go in CPO market as i still think CPO now is in finish wave.
in term of risk and reward wise, it's not advisable to go in position.
however. i think CPO would temporary supported around 2050.
Outlook:
still bearish.
no sign of reversal yet.
as expected, slaughtering activities comes into picture.
Strategy:
Stay out from market.
if insist to go in market:
If CPO >2050, long. cut loss at 2030
If CPO >2110, long, cut loss at 2090. 30% bull signal confirmed.
If CPO >2210, bull signal 80% confirmed.
if CPO <2050, short, cut loss at previous hourly bar high.
However, main plan still not go in CPO market.
All the best in trading!!!!!!!!!
Subscribe to:
Post Comments (Atom)
Yesterday, have a discussion with my friend.
ReplyDeletehe said should follow my system instead of choose trade to trade.
for this reason, today i'll short CPO on opening to hold back my 'suppose' CPO short trade.
this blog was meant to test my system if it's effective or not.
CPO, holding short on opening.
ReplyDeletefeels short a bit too low........
anyway, follow system.
Next support for CPO seen at 1930.
ReplyDeleteCPO cut loss at 1st hour high + 20 point on closing
ReplyDelete