Friday, 19 December 2014

Indicator Y Short 2141 - Last 8 Trading Days

(Repeated Again... knowing that not much profit (but not losses!) can be recorded in the last 8 trading days in the year 2014 spreadsheet, readers traders should bear in mind that the hourly indicator Y's write-up may not be as frequent as before. This had been kept mentioning in our last few posts and focus will be more on the preparation of the year 2015.)

The hourly indicator Y short 2141 is still finding no stop and reverse buy trade signal at 1130am today, and even also at 1230pm if cpo futures price is traded lower at 1130am.

The hourly indicator Y short 2141 saw high 2163 yesterday and therefore may need the cpo futures price to keep trading lower below its selling price 2141 from now on, otherwise, its stop and reverse buy trade signal will soon be coming down near the current level and triggering a buy trade signal.

There is no doubt about it, year 2014 has been quite a year especially the last two month of November and December helped me writing a great blog telling about multiple losing trades that I told readers traders in early October. Read back all the old posts from end of September and I believe novice traders who had purchased my books will have some good soul searching especially on trading rhythm as technical trend traders on multiple losing trades.

As the year winds down, last 8 trading days, I believe that there will definitely not much profit can be added to the year 2014 performance above 800 points but the losses also may not substantially reduce its accumulated profits since the beginning of the year 2014. 

We will discuss in full details what are you doing to prepare for the year 2015 while showing you the summary of the year 2014 on 31st December 2014 or early January 2015. As for now, it is a good time to slow down before the middle of the December (traders' own judgement) since I have to say it's probably been a good year and I wish 2014 is a good year for you too.