Tuesday, 16 December 2014

Indicator Y Long 2185 - Unforeseen Circumstances!

That is what we keep mentioning!

The hourly indicator Y long 2185 is still holding on its long position after 1130am due to unforeseen circumstances! As this time the higher high and lower low data had a direct impact in the computation, the hourly indicator Y did not cut loss turn sell at 1130am just now.

However, the hourly indicator Y will definitely cut loss turn sell at 1230pm since it is very difficult for cpo futures price to close above 2185 at 1230pm today, just less than one hour from now without any bullish news!

Therefore, this will definitely the 10th multiple losing trade and how much will be the losses in the single trade will be a good guess!