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

Pivot Point for 30th July

2562

2539

2526

2516

2503

2493

2470

28th July CPO Analysis

Pivot Point for 29th July

2553

2521

2508

2489

2476

2457

2425

  

FCPO 27th July Analysis

Daily Chart

Pivot Point for 28th July

2570

2519

2502

2468

2451

2417

2366

Trading Plan: Buy @2473

Stop Loss: 2460

Profit Taking: 2520  

FCPO Analysis 26th July 2010

Pivot Point for 27th July

2596

2543

2508

2490

2455

2437

2382

FCPO Analysis 23rd July 2010

23rd June 2010

15 minutes chart.


Pivot Point for 26th July
2596
2552
2525
2508
2481
2464
2420

Big mistake, Again!!!

29th June, I did a big mistake again by not exit position (cut loss) where there was open gap down in morning and afternoon session. And today, crude oil and soybean as well as DJIA has been fallen down so huge. I'm not sure what i'm going to do tomorrow. Exit position with losing almost rm 1000 and enter a new short position? i'm not sure though. but if price is gape down, sure i'll enter short position.