Wednesday, 30 October 2013

October Profit Trades But A Losing Month

60-minute Technical view: Due to the multiple losing trades in the beginning of the October month, technical trend indicator A accumulated 109 ticks losses in one week before starting see some recovery of 46 ticks and 56 ticks profit in two trades. However, it still encountered some losing trades in the range between 2450s level before holding the long 2468 until today which see 100 ticks of floating profit in one trade.

It is believed that this October will be still a losing month as shown in the spreadsheet that soon be updated before this Friday close in 101indicators' blog in the DATA page. This is because the profit trade that long 2468 at 4pm on 28th October will probably not be realised since the SAR sell trade signal is remained very low today and tomorrow.