Wednesday, 5 November 2014

Indicator Y - Long 2137 SAR At 1230pm

(Too bad...) The hourly indicator Y will definitely hold on its long 2137 at 1230pm today even though it is giving up a lot of its floating profit from the top 2345. What will be the level on cpo futures price when the stop and reverse sell trade signal is triggered? It will be very clear after 1230pm close where 4pm will probably have the trade signal.

Read back previous posts, I did mention on the huge difference of stop and reverse trade signals far away from the top or bottom, this is a kind of psychology that traders always encounter besides the multiple losing trades. Remember, fear and greed can be your enemy and friend!