Hi,
Today is my first trade in cpo.
How I enter the market?
>> For me if open > previous close then I'll go long.
>> For me if open < previous close then I'll go short.
Target?
>> At Support 1 or 2 or 3 Resistance 1 or 2 or 3.
Stop Loss
>> Close Yesterday
Today I long at 2619 and target at 2636, But at evening session open at 2640 so I close at 2640.
Today profit 2640-2619 = 21 point (RM 525)
After minus Brokerage so my profit is RM 525 - RM 40 = RM485.
Today is my first trade in cpo.
How I enter the market?
>> For me if open > previous close then I'll go long.
>> For me if open < previous close then I'll go short.
Target?
>> At Support 1 or 2 or 3 Resistance 1 or 2 or 3.
Stop Loss
>> Close Yesterday
Today I long at 2619 and target at 2636, But at evening session open at 2640 so I close at 2640.
Today profit 2640-2619 = 21 point (RM 525)
After minus Brokerage so my profit is RM 525 - RM 40 = RM485.
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