Tuesday, 3 March 2015

Indicator Y L2277 L1801.0 - The Long 1801 Is Still Fighting

The long 1801 using the short term technical trend indicator Y trading guides is still fighting very hard to hold on after almost hitting the stop and reverse sell trade signals in last few trading sessions.

1015am stop and reverse sell trade signal is 1817 or lower without taking into consideration on any unforeseen circumstances. Therefore, the indicator Y will technically turn sell once the index futures is last traded 1817 or lower at 1015am today. (we may have to keep posting the latest stop and reverse trade signal in advance if the index futures is near the trade signal! Such high frequency in updating/posting trade signal may confuse readers traders, therefore, we wish readers traders can understand why we try posting a write-up only when the trade signal is triggered!)

CPO Futures price reached high 2379 yesterday after the indicator Y turned long 2277. It is still finding no stop and reverse sell trade signal yet; therefore, hold on the long 2277 while waiting for a clear signal. Profit taking targets will never be available here and they will be up to traders own discretion since we are mainly focusing on the stop and reverse trade signals.