Trading Plan for 1st Sept 2010

Pivot Point for 1st Sept

2638

2603

2586

2568

2552

2533

2498

Cup and Saucer

CPO Trading Objective

Monthly Commitment = RM 4000 ~ 5000
To fully become full time trader i need to have at least 6 x Monthly Commitment = RM 24000 ~ 30000
Target to become full time trader = 6 ~ 12 months
Average profit needed per month = RM ~2000
Average profit needed per day = RM 100

I only need to generate a RM100 profit per day only, is that difficult? :D

Trading Plan for 26th August 2010

This time i try to use fibo retracement as support and resistance.

Pivot Point for 26th August

2539

2512

2499

2472

2459

2419

 

Trading Plan for 26 August 

Since I still hold short @2525 x 2, the plan for the position is

Trailing stop @2486 x 2

 

Trading Plan for 25th August 2010

Pivot Point for 25th August

2591

2550

2526

2485

2461

Trading Plan for 25 August 

Since I still hold short @2525 x 2, the plan for the position is

Cut Loss at 2530 x 1

Cut Loss at 2535 x 1

Profit taking @2480~2470x 1. 

Trading Plan for 24th August 2010

15 min chart

Daily Chart

Pivot Point for 24th August

2627

2590

2575

2553

2538

2516

2479

Trading Plan for 24 August 

Since I still hold long @2560 x 2, the plan for the position is

Cut Loss at 2550 x 1

Cut Loss at 2530 x 1

Profit taking @2590~2600 x 2. 

Trading Plan for 23th August 2010

20-August 15 min

20-August Daily

Pivot Point for 20th August

2613

2580

2562

2547

2529

2514

2481

Weekly Pivot Point

2996

2799

2671

2602
2538

2474

2440

2405

Trading Plan for 20th August 2010

15 min

Daily

 

 

Pivot Point for 20th August

2662

2625

2610

2588

2573

2551

2514

 

 

Trading Plan for 19th August 2010

15 min chart

Daily

 

 

 

 

 

 

Pivot Point for 19th August

2738

2678

2644

2618

2584

2558

2498

 

Trading Plan For 19th August

Hold Long Nov 2615 x 1

Profit Taking @ 2650

Cut Lost @25xx?

Trading Plan for 18th August 2010

15 min

Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pivot Point for 17th August

2780

2738

2696

2654

2629

2612

2570

 

Trading Plan For 18th August

Hold Short Nov 2653 x 1

Profit Taking @ 2620

Cut Lost @???? (private n confidential)

 

Trading Plan for 17th August 2010

Daily Chart

15 min Chart

 

 

 

 

 

Pivot Point for 17th August

2799

2747

2712

2695

2660

2643

2591

Trading Plan For 17th August

I still hold buy long @2719x2 let set the plan for this post first.

Profit Taking @ 2750

Cut Lost @2708 :P

Trading Plan for 16th August 2010

15 min chart

Daily Chart

Pivot Point for 16th August

2822

2767

2742

2712

2687

2657

2602

Trading Plan For 16th August

Since I still hold buy long @2719 let set the plan for this post first.

Profit Taking @ 2750

Cut Lost @2708

Short @2770

Profit Taking @ 2750

Cut Lost @2788

Trading Plan for 13th August 2010

Daily Chart

15 min chart

Pivot Point for 13th August

2763

2721

2697

2679

2655

2637

2595

Trading Plan For 13th August

Since I still hold buy long @2689x2 let set the plan for this post first.

Profit Taking @ 2730

Cut Lost @2680

Next Plan Buy@2660~2670 or Short @2740~2750

Profit Taking @ 2725

Cut Lost @2755

Trading Plan for 12th August 2010

Daily Chart

15 min chart

 

 

Pivot Point for 12th August

2741

2706

2691

2671

2656

2636

2601

Trading Plan For 12th August

Since I still hold buy long @2689x2 let set the plan for this post first.

Profit Taking @ 2730

Cut Lost @2680

Next Plan Buy@2660~2670 or Short @2740~2750

Profit Taking @ 2725

Cut Lost @2755

Trading Plan for 11th August 2010

Daily 10 August

15 min 10 August

 

 

Pivot Point for 11th August

2762

2722

2696

2682

2656

2642

2602

Trading Plan For 11th August

Since I still hold buy long average @2688 x 2, let set the plan for this post first.

Profit Taking @ 2720-2725

Cut Lost @2680

Next Plan Buy@2657 

or 

Sell @2750

Profit Taking @ 2730

Cut Lost @2640/2765

Trading Plan for 10th August 2010

9-08-10 15 minutes

9-08-2010 daily chart

Pivot Point for 10th August

2806

2751

2746

2716

2701

2671

2626

Trading Plan For 10th August

Since I still hold buy long @2680 let set the plan for this post first.

Profit Taking @ 2735-2740

Cut Lost @2710~2715

Next Plan Buy@2700 or @2670~2680

Profit Taking @ 2725

Cut Lost @2655

Trading Plan for 9th August 2010

6th August Daily Chart

6th August - 15min chart

Pivot Point for 9th August

2835

2744

2702

2653

2611

2562

2471

Trading Plan For 9th August

Since I still hold buy long @2680 let set the plan for this post first.

Profit Taking @ 2702~2715

Cut Lost @2670~2665

Next Plan Buy@2700 or @2640~2650

Profit Taking @ 2740~2755

Cut Lost @2623~2630

Trading Plan for 6th August 2010

Daily - 6th August

15 min - 5th August

Pivot Point for 6th August

2708

2656

2637

2604

2595

2552

2500

 

Trading Plan For 6th August

Today 5th August I traded SHORT @2619. It very very risky post, so for this hold position i have decided to:

Profit taking: Buy @ 2605

Cut Loss: Buy @ 2630

 

Next trading plan:

Queue Post: Buy @2585~2593

 Profit taking Short @2645

Cut Loss: Short @2270

Trading Plan for 4th August 2010

Daily Chart

15 minit chart

 Pivot Point for 4th August

2634

2596

2579

2558

2541

2520

2482

Trading Plan

I'm still hold long position @2559 after my initial queue at 2435 was not triggered.

So i would like to take profit @2600, at cut lost @2545.

Next,

Buy @2535~2540                

Profit taking @2580

Cut lost @2520~2510

OR,

Short @2625

Profit taking @2585

Cut Lost @2640

 

Trading Plan for 3rd August 2010

2 Aug 15 mins chart

2 Aug Daily Chart

Pivot Point for 3rd August

2642

2604

2587

2566

2549

2528

2490

Trading Plan:

Since i still hold short post at 2570, so lets close the current post first, since it is counter trend i plan to take profit at 2555 and cut lost at 2585.

Next,

Buy at 2535~2545.

Profit taking: 2590

Cut lost:  2525~2515