Tuesday, May 11, 2010
CPO : May Contract
Recently, it seemed that my forecasts have not been giving postive results, even though no money were lost. It was just like my forecast on last 28th of April,the market open but not within the forecasted suggestions. It could be, probably, the market's volatily has not been like before especially in the morning session. May be I should be looking for a new strategy.
Well, I still have no new strategy especially the strategy to forecast the market's movement before the market opens. In fact, it is much easier to forecast the market's movemet after the market has already open.
Anyway, my forecast;
1) If the market opens between 2520 to 2530. Buy after the market has moved up passing the levels between 2535 to 2540. More significant if the market opens more towards the upper level of the 2520-to-2530.
2) If the market opens between 2517 to 2527. Sell after the market has retraced passing down the levels between 2504 to 2509. More significant if the market opens more towards the lower part of the 2517-to-2527 levels.
3) Also refer to my posting dated 11th January, see #6
That's about it.
Have a nice trading day, guys