Thursday, 13 November 2014

Indicator Y Long 2278 - Hitting Low 2232

Feel the heat!? The hourly indicator Y long 2278 is facing a floating loss of 46 points - or, over RM1,000 per contract - seeing cpo futures price is traded low 2232 while still holding on the long position with no cut loss point.

How long the long 2278 will be held on until the next stop and reverse sell trade signal is triggered? The long 2278 is the second trade in November after selling 2254 at 4pm on 5/11/2014 was considered as the first trade in November. The short 2254 was basically held on for 6 days before buying 2278.

It will be a painful month in November if multiple losing trades strike!