Tuesday, June 22, 2010

Trading Plan for 23rd June 2010

Pivot Point :
2329 ~ 2357 - 2395 ~ 2413
If market open gap (down), lets CPO move 3~5 point higher than open price.
Use MACD to identify the trend.
Use CCI to see price divergence, wait until there is significant divergence.
Ensure the position follows trend.

Cut Loss point:
If i go for long, cut lost should be at 2360
If i go for short, cut lost should be at 2420.

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