CPO 28th Aug 2009

As yesterday,
short position@ 2365 cut loss @2386

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

Outlook,
still bearish
expect rebound 2360 and 2374.

Strategy,
if CPO >2385, clear all short position
if CPO <2374 on 5 min closing, short, cut loss at 2386
if CPO <2360 on 5 min closing, short cut loss at 2386
if CPO <2346, mild short signal, short, cut loss at previous hourly high + 10 points
if CPO <2331, short signal, short, cut loss at previous 2 bar 5 min high + 10 points.

FKLI 28th Aug 2009

As yesterday,
still holding, @1164.5 cut loss at 1183.5
1179 took profit at 1173.5, profit 6.5 points/lot
no intraday trade.

Results,
3 safe, 0 con, 11 losses, 7 win.
Average -12 points/lots

Outlook,
resistance at 1168.5, 1166,
expect some rebound today.
but still higher to short.

strategy,
if hourly <1178.5, short, cut loss at 1182
if FKLI <1176 on 15 min closing, short, cut loss at 1182
if FKLI 1171.5 < x < 1176, stay out, better short on rebound.
if FKLI <1171.5 on 15 min closing, mild sell signal, short, cut loss 15 min high+3 points
if FKLI < 1167, sell signal, short, cut loss at previous 2 bar high +3 points

CPO 27th Aug 2009

As yesterday,
short position established @2392 covered at 2375. profit 17 points.
short again at 2365

Results.
1 safe, 2 con,7 losses, 7 win.
Average +138points/lot.

outlook,
CPO very choppy, only confirm wave b in B complete at 78.6% @2385
critical resistance at 2385.
expect wave C comes in
target 2298 or 2272.

strategy,
if CPO > 2385, clear all short position, stay out.
if CPO <2345, 1st support break, sell on rebound.
if CPO <2331, 2nd support break, sell on rebound.
if CPO < 2323, 3rd support break, sell on rebound.
if CPO < 2298, 4th support break, cautious for profit taking.
if CPO < 2272, 5th support break, cautious for profit taking.

FKLI 27th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1177, @1184.5

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
still bearish.
but resistance at 1176 and 1182.

strategy,
if FKL > 1182 on high, clear all position.
if FKLI > 1176, clear partial position, take profit.
if FKLI < 1167, sell signal, short, cut loss at previous 15min bar high +3 point on high.
if FKLI < 1160.5, sell signal, short, cut loss at previous 15min bar high +3 point on high

CPO 26th Aug 2009

As yesterday,
short position established @2392 cut loss at 2375.

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
wave b in B complete at 61.8% @2372.
expect wave B complete in 2298 or 2272, 50% or 61.8%.
fall below this levels would indicate further selling pressure.

strategy,
sell on rebound.
yesterday 1 min chart show complete wave 1 and 2
expect today complete wave 3, sell on wave4 buy on wave 5.

if CPO > 2373, cover all short position and stay out.
if CPO < 2331, short signal, short, cut loss at previous peak + 10 points
if CPO < 2298, short signal, short, cut loss at 5min bar high + 10 points.
if CPO < 2272, short signal, short, cut loss at 5 min bar high + 10 points.
if CPO < 2234, short signal, short, cut loss at 15min bar high + 10 points.

FKLI 26th Aug 2009

As yesterday,
2 price holding, @1164.5, @1179.
no intraday trade.
cut loss @1175, @1184.5

Results,
3 safe, 0 con, 11 losses, 6 win.
Average -18.5 points/lots

Outlook,
FKLI still seems bearish. but resistance level 1181.5 must not break.
if break 1174.5 if mild bullish, so i'll out partial.

strategy,
if FKLI > 1181.5 on 15min closing, turn long, cut loss at previous low of 15min + 3points.
if FKLI >1176 on high, close half position. wouldn't not turn long yet.
if FKLI 1176 < x < 1167, stay out or short on rebound.
if FKLI < 1167, short signal, short, cut loss previous 2 bar 15min high + 3 points.
if FKLI <1160.5, short signal, short, cut loss previous 2 bar 15min high + 3 points.

CPO 25th Aug 2009

As yesterday,
short position established @2392 cut loss at 2405.

Results.
1 safe, 2 con,7 losses, 6 win.
Average +121points/lot.

Outlook,
still uncertain.
possible wave A already complete. now wave B undergoing.

strategy,
unless manage to short above 2385 and place cut loss at 2405, else, not advisable to go in as i expect shaky market.

expect wild market trading ahead.

change to candlesticks methodology for trading as wave count on minor wave would be more vulnerable.