Monday, 2 December 2013

KEY Indicator November Performance

After hitting profit accumulation 115 ticks in mid November, key indicator for cpo futures on hourly technical trend trading suffered 5 consecutive losing trades and the November accumulated profit and loss had turned red again, -14 ticks in total. This will be the 3 months in a row of losses after 4 months of good profits between May and August. The accumulated profit only 12 ticks in 11 months, worst performance ever recorded.

The key indicator now is holding on long 2640 that being carried over from November month, the 60-minute technical trend indicator will do a stop and reverse sell trade if 4pm is traded below 2645, or 5pm or 6pm below 2646 whichever come first.