The short 2150 based on 60-minute indicator Y trading guide is facing huge floating loss at 1230pm closing price 2198. It will have its stop and reverse (SAR) buy trade signal at 4pm at 2214 or higher, without taking into any consideration of higher high or lower low that may affect the SAR.
If the indicator Y does turn buy signal at 4pm, it will be the largest loss figure in this year being recorded. Therefore, it is believed that traders should now realize why the rules in using technical trend indicators must always be followed strictly if traders wish to be a technical trend traders. (Refer back earlier posts for details.)
It is not known how far will these coming three months in generating profit or loss using indicator Y trading guides after knowing the details of its trades in the past 9 months as shown in previous post with nearly 1000 ticks per contract. How much will these three months stop and reverse trades affect the 9 months' accumulated profits, and we shall able to see in this blog by end of this year.