Tuesday, 7 October 2014

Indicator Y - Short 2150 No SAR At 1130am

As repeated like previous post, there will be no stop and reverse buy signals at 1130am today and therefore it is a kind of trading psychology that traders need patiently to wait for the cut loss level which will only be known in next few trading sessions only after 1130am today.

After first stop and reverse trade gross profit of 17 ticks for this month, traders may finally get to feel the pressure of holding on short 2150 based on the 60-minute indicator Y with cpo futures market being traded higher prices.

Do read back those early post of indicator Y if traders have forgotten the rules. (Read at the right column in the blog - the learning corner).