After cpo futures last traded with high 2139, the hourly indicator Y is facing high probability of turning buy signal sooner than expected. It is still holding on the short 2172 since 10/10/2014 Friday.
Even though the hourly indicator Y may not have its 1230pm stop and reverse buy trade signal being triggered yet, it will have very high chance in believing the hourly indicator Y will turn buy at 4pm later today if cpo futures price can close at high level as given in previous update in the range of 2120 to 2140.
We will give the 4pm stop and reverse buy trade signal ONE hour in advance once there is a clear sign after 1230pm close today.
Protective stop loss order may still be placed at traders' own trading appetite since it is not the main objective to be discussed in this blog other than the stop and reverse trade signals using the hourly indicator Y short term technical trend indicator trading guides.