Friday, 17 October 2014

Indicator Y - Short 2172 Stop Loss 2165 At 6pm

As it is just a protective stop to retain some profit, it is possible to put a stop loss order at 2165 for 6pm trade to protect some small profit while giving up big floating profit from low 2104.

However, the hourly indicator Y is still having high stop and reverse trade signal which is not likely to be triggered at 6pm today. If cpo futures is closed high, it may be a losing trade for 2172 short.