Wednesday, 15 October 2014

Indicator Y - 6pm Trade For 2172 Short

After seeing low 2111 for the hourly indicator Y short 2172, the earlier small floating profit has now reached 61 ticks. It is still holding on the short without any stop and reverse buy signal yet based on the hourly indicator Y trading guide. Traders are reminded that the risk is very high if there is no stop loss being placed in futures trading. Therefore, stop loss level must theoretically be set in traders' mind even though there is no stop and reverse trade signal.

It seems that the short will be holding on much longer and riding on the down trend with more profit if soybean oil can go lower tonight.