Thursday 4 December 2014

Indicator Y Short 2161 - Cut Loss Turn Buy At 1230pm?

Even though we will not know what will be the cpo futures price at 1230pm, we will probably experience the 7th losing trade if the cpo futures price is closed above 2161 based on the hourly indicator Y trading guides.

Remember the 247 points accumulated loss in the multiple losing trades recorded in the last 6 trades in a row? This will be the 7th losing trade in a row once cpo futures price is triggering the stop and reverse buy trade signal at 1230pm above 2161 today.

Again, for actual details, the hourly indicator Y short 2161 will do a stop and reverse buy trade once cpo futures price is closed 2131 or higher at 1230pm today. Therefore, if 1230pm cpo futures price is below 2161, it is a small profit trade and turn buying as long as the cpo futures price is above 2130!