Nothing happening... but the tradaholics are trading...

...below 2620...

I was told that the margin for holding spread in cpo will increase by 25%. But the outright margin for futures on cpo remained unchanged.

 

Maybe:

1 Most of the OI  is spread trading, and there are some (probably longs) under the kosh

2 The ones who long cpo futures outright, most probably are already sucker punched and cut loss

3 Most trade in 3rd month are probably day trade gambling

1 min box 2620 to 2640...

When the market makes a huge move such as in the fcpo futures today, many longs were caught off balance... the temptation would be to continue to add to the 'gamble' by averaging or 'holding on and hope the market comes back'.... It is good to remember to read this "Don't lose your shirt" (babypips.com)

"The 2% rule will protect you from being eaten by the sharks, while the 6% rule will protect you from the piranha frenzy" Dr Alexander Elder

All green...

For the big boys, the daily trend.... box breakout points to 2840 and below?

60 min trend, for the position holder...

1 min, the scalper's trend... The last minute, for the 'sic bo' gamblers...