Thursday, 2 October 2014

Indicator Y - 4pm Stop Level For 2133 Long

The protective stop loss order may be placed to realize some profits if cpo futures hit 2167 even though the stop and reverse sell trade signal for the 60-minute indicator Y is still not reach the level yet for 4pm trading session which is given in advance in this blog. It may be just a part of profit to be taken while leave some positions.

Just take note: protective stop and not a "stop and reverse trade", it is just to protect some profit. It is basically you lose nothing except the huge floating profits that gave up due to following a kind of trading system like a set of program.