Wednesday, 26 November 2014

Indicator Y Short 2223 - 5pm SAR Near 2249

The hourly indicator Y short 2223 will still hold on its short position at 5pm since the 5pm stop and reverse buy signal will not be triggered yet. Just for record, cpo futures price was last traded at 2232 at 4pm.

If 5pm cpo futures price is traded above 2230, the 6pm stop and reverse buy trade signal will be adjusted much lower than 2249 high based on the hourly indicator Y trading guides.

This will be the 5th losing trade if the stop and reverse trade signal is triggered at 6pm later today.