Thursday, July 15, 2010

Trade CPO Using Daily Chart

In case you are wondering if I still trade, I have been doing lots and lots of back testing using different methods and various time frame; 30 minutes, 1 hour, 2 hours, 4 hours, daily and weekly.
I decided to trade CPO using Daily Chart. It seemed that daily chart produced the most profit (paper trade of course) when I did the back testing of 2009 and 2010. I am not going to tell you the performance as it is just a back testing. All I can say is that it is good, really good.
CPO daily chart has less 'noise'. Any intra day charts would give us lots and lots of false breakout till we run out of bullets.
Trading daily chart allow me to have more time to analyse and relax too.

Wish me luck!

5 comments:

  1. yup... daily chart is the best....

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  2. i prefer 4 hrs chart in forex

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  3. Hi I am john
    Can u tell me how u trade in the CPO futures
    What is the cost of going into the trade

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  4. HI iam sai where i can get this daily chart for cpo futuers , please post the information thanks sai

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  5. Hi,

    can we exchange link?

    my blog is DMAWorks how to trade fcpo & fkli
    http://dmaworks.blogspot.com/

    i already add you...
    many thanks

    ReplyDelete