tag:blogger.com,1999:blog-3963238507111214629.post1111469966614810231..comments2024-01-04T20:24:27.983+08:00Comments on CPO ( Crude Palm Oil ) Futures / Investment: Thursday ?Nick Sanihttp://www.blogger.com/profile/06289385503297390687noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3963238507111214629.post-81364963930876902502008-06-19T09:58:00.000+08:002008-06-19T09:58:00.000+08:00Hi Nick,So in actual fact, you just trade after op...Hi Nick,<BR/><BR/>So in actual fact, you just trade after opening hours, sometimes not waiting for that lousy half hour to pass..?<BR/><BR/>Yup,waiting for a hi and low of the day to form makes a trade rather high risk.. My stops need to be so far.. and a false break out can actually give you a heart attack. But when cpo is trending , i have my day... But recently its been moving in a sideway direction.. so a false break can happen.<BR/><BR/>I have been looking at the screen to long, that i really belief that timing is everything... So this restricts me from entering... <BR/><BR/>Even days when data ( eks & stock)comes out for cpo .. the behaviour is much different... Is there any difference for you on those days? Can u follow your strategies? since market is always influence by the data for about a few min.. then other fundamental issues kicks in.. and i usually get kick out..<BR/><BR/>Anyway, i am trying to get with a new strategy. Since my stops are really killing me. <BR/><BR/>Thanks for the advise and do share more new ideas <BR/><BR/>May today be profitable & fun .....shamhttps://www.blogger.com/profile/03066465822551963697noreply@blogger.comtag:blogger.com,1999:blog-3963238507111214629.post-5067044478651971812008-06-19T09:11:00.000+08:002008-06-19T09:11:00.000+08:00Hi Sham,I also trade to a certain timing you just...Hi Sham,<BR/><BR/>I also trade to a certain timing you just mentioned i.e. after half an hour of the trading either in the morning or after noon session. The first half hour of the trading is said to be the period of uncertainty. But the strategy used in my blog is more on after opening strategy.<BR/><BR/>As for the setting up a benchmark for hi and low, I have analysed this strategy but the way I look at it, it involves more risks than other strategies, the probability of winning is 40%-50% which is not that very good.<BR/><BR/>You are right, it is not easy to predict the movement of the market as it has a contrary behaviour in each hour. What I can suggest here is that devise a system/systems which have more winning outcomes and stick to it and follow the strategy strictly.When you see a signal to go in, just simply go in and do not hesitate. As I said earlier in one of my postings, it is easy to enter the market but not easy to exit from it. As for me, I do not know whether I would be around long enough as sometimes the startegy that you have using may not be approprite in years to come. The risks of being thrown out "again" is always there.<BR/><BR/><BR/>If no body is making money in CPO market, the market will not be there. <BR/><BR/>CheersNick Sanihttps://www.blogger.com/profile/06289385503297390687noreply@blogger.com