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Thursday, May 24, 2012

Crude Palm Oil (CPO) Futures Review 25052012

---> Mistakes of Trading ...

 

 

1. Lack of a Game Plan.

2. Lack of Money Management.

3. Failure to Use Protective Stop/Loss Orders.

4. Taking SMALL PROFITS and Letting Your LOSSES RUN ... away train.

5. Overstaying YOUR POSITION.

6. Averaging a LOSS.

7. Meeting MARGIN CALLS.

8. Increasing YOUR COMMITMENT with Success.

9. Overtrading YOUR ACCOUNT.

10. FAILURE to REMOVE PROFITS form YOUR account.

11. Changing YOUR Strategy during MARKET HOURS.

12. Lack of PATIENCE.

 

Summarize from Mr Don

 

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CPO BOX TRADER

 

3036 become a critical pivot area…  here a retrace / where to short area and support / where to PT ( Profits Taking Area )

 

Shorting Area for a Retracement if market fail to breakthrough 3036

 

3262 – 3332 – 3401

 

Long Area / Profit Taking Zone if market manage to breakthrough from 3036 factor

 

2670 – 2444 –  2217  – 2078

 

 

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Day Trade

 

~ TC recipe

 

Support

 

3048 3032 3017 3002 2986

 

 

Resistance

 

3090 3106 3121 3136 3152

 

 

Read my previous post >> 

http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal...

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