First step - Opening account and make deposit

Hi,

My OD approved and today I'll go to one of cfpo/cpo broker to open an account and make a deposit.

For the starting i'll make deposit 10K. This is my testing in cpo trader. Wish me good luck. Hope i'll make some money from cpo trading like other traders.

A first step of journey to multi-millionaire CPO Trader.......

Pivot Point

Hi,

Now i learn some technical analysis, Pivot Point.

The calculation for a pivot point is shown below:
Pivot point (PP) = (High + Low + Close) / 3

Support and resistance levels are then calculated off the pivot point like so:
First level support and resistance:
First support (S1) = (2*PP) – High
First resistance (R1) = (2*PP) – Low

Second level of support and resistance:
Second support (S2) = PP – (High – Low)
Second resistance (R2) = PP + (High - Low)

Open price over pivot point is bullish and below pivot point is bearish. Maybe some body can teach me how to use this pivot point. Where to entry and where to exit. The important is to know the TA an more important is to know how to use it.

Adion.

Still waiting

Hi,

now i still waiting my Over Draft Approve. For the starting i'll invest RM 10K in trading CPO. I'll update again my blog after i made my deposit.

Anyway com and visit my dictionary project. http://mykamus.my or for fast searching use http://mykamus.my/eng/your_search to translate from english to malay and http://mykamus.my/mal/your_search to translate from malay to english.

Adios.