Crude Palm Oil (CPO) Futures Review 28052012

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Entry plan for breakout trades:

 

· Use the first few hours’ range for a breakout trade

 

· Pre-publications and criteria will be for a narrow range

market that has been consolidating for at least five trading

days

 

· Let the market breakout of its first hour’s range and look

to buy a bull flag on a one-minute chart

 

· Should the market trade back and test support of a high of

first hour range this would be a good time to buy

 

· The exit will be just under the support of the first hour

range. 

 

Shorts are reversed. Profits will be taken for more

than x points on 50% of position, and move stops up to

breakeven. Look for continuation patterns for pivots to

adjust stops and seek to exit into recent resistances or

higher timeframes’ EMAs.

 

Every plan must include the exit parameters for all market

conditions, and how to respond when the market moves for or

against the positions. Table 3 shows a list of several exit strategies

and parameters.

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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

 

 

~ Tokan Corner recipe

 

Support

 

3108 3093 3077 3061 3046 3030

 

Resistance

 

3152 3167 3183 3199 3214 3230

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Last Tips find the similiarity between Day trade Tips and Box Traders tips to find best " Entry ".

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