Crude Palm Oil (CPO) Futures Review 29052012

Qoute on picking bottoms and tops

�  "Don't bottom fish" - Peter Lynch.

�  "Don't try to buy at the bottom or sell at the top" - Bernard Baruch

�  "Maybe the trend is your friend for a few minutes in Chicago, but for the most part it is rarely a way to get rich" - Jim Rogers.

�  "I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms." - Paul Tudor Jones.

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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

 

3122    3107    3091    3075    3059    3044

 

Resistance

 

3166    3181    3197    3213    3229    3244

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

P/s : By the way pls share it on facebook if you appreciate my works here ^_^ Thanks

JCY 5161 Update

From tokancorner view for investor only (not suitable for punter)

Bursa Stock : JCY 5161 ( Buy On Dip )

Why ????

Observation From Chart:

JCY 5161

a) Major Trend still in bullish mode

b) Now it testing the trend line (need to be above 1.340 to start rebounced)

c) it price laying around fibo 72.6% - 61.8% area

Suggestion :

Wait..wait..wait ( For Timing ) Buy On Dip

Start collecting at

1. =/> 1.230-1.260 + ( Normal ) ( Beware Below 1.230)
2. =/> 1.062 +

Remember to do risk management criteria ok ( 2% / 3% / 5% ) Suit yourself
 
TP ; at 1.500 or above

 

Crude Palm Oil (CPO) Futures Review 28052012

<<<<<< KISS  It If You Like My Signal ^_^ ( Show me your support )

 

(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)(^_^)

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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 ".

P/s : By the way pls share it on facebook if you appreciate my works here ^_^ Thanks

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...

FTSE Bursa Malaysia KLCI Futures (FKLI) Review On 24052012

On money management "Qoute"

�  "My basic advise is don't lose money" - Jim Rogers.

�  "I'm more concerned about controlling the downside. Learn to take the losses. The most important thing about making money is not to let your losses get out of hand." - Marty Schwartz.

�  "I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have" - Paul Tudor Jones.

�  "Rule number one of investing is never lose money. Rule number two is never forget rule number 1" - Warren Buffet. 

� "Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical." Larry Hite.
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Updated : FKLI Day Trade

Support

1520    1512    1505    1497

Resistance

1541    1549    1556    1564

EOD 1530.5

 

CPO Check On This Link >> http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal...

Crude Palm Oil (CPO) Futures Review 24052012

"Vitally important for a young man or woman is, first, to realize the value of education and then to cultivate earnestly, aggressively, ceaselessly, the habit of self-education."

BC Forbes

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"The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life."

Charles Schwab

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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

2998    2983    2968    2953

Resistance

3040    3055    3070    3085    3100
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~ TC Swing

Posible retrace for today 24052012 for Endas Area

1.3024
2.3034
3.3044

Chart Refer This Link >>> http://tokancorner.com/2012/05/bursa-malaysia-fcpo-cpo-futures-trading-signal...

Crude Palm Oil (CPO) Futures Price Updated 23052012

"When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up."

Jesse Livermore

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"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction. "

Warren Buffet

 

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SHort Short Short Area for 2nd session

1.3073
2.3080
3.3088 ( Solid )

PT Target  For Bear Gang:

1.3010
2.2986
3.2961
4.2947

 

Reminder Please Dont Forget Ur Safety Belt ( Stop Loss ) Ok ^_^