Tuesday, 4 November 2014

Indicator Y - Long 2137 1230pm Stop Loss 2298

2298 can be a stop order to protect some good profit of the long 2137 if traders in fear of losing more even though it is not in the hourly indicator Y trading guides. The stop loss price 2298 is for the period of 1130am to 1230pm trading session and may be keep changing after 1230pm.

If cpo futures price is trade below 2300 at 1230pm, the hourly indicator Y will probably have its stop and reverse sell trade signal being adjusted much higher in near future. It is definitely higher than the long 2137 now but still lower than the current price.