Wednesday, 1 October 2014

Indicator Y - Long 2133 Stop Loss 2150

Stop loss 2150 is actually to protect some profits if you are holding more than 1 lot in cpo futures hourly technical trend trading using indicator Y as your guide.

There is still no sign of stop and reverse sell trade signal being adjusted higher than 2150. Therefore, it is believed that the 4pm, 5pm and even the 6pm trade signal will be remained buying without taking into consideration the higher high or lower low data in the afternoon hourly trading sessions. 

By now, traders should realize how wide the range in using indicator Y which means traders may need to sacrifice huge floating profit if cpo futures does go to 2150 from the current closing price 2212! Good or Bad? Just read back the previous post.