Thursday, 2 October 2014

Indicator Y - Stop Loss 2160 For 2133 Long

The 60-min indicator Y will have its stop loss at 2160 for the period between 1130am and 1230pm in order to protect its 2133 Long from further deteriorating. It is just a protective stop loss and not a "stop and reverse trade". 

The stop and reverse trade signal will have more clearer picture in the afternoon trading sessions if cpo futures price is lower than yesterday closing price. It is still remained at low level.