Thursday, 23 April 2015

Indicator Y L2168 L1850.5 - FCPO Sell 2158 At 6pm

New readers traders should know that the previous post did mention the 6pm sell signal and what the indicator Y did  was by turning the long 2168 to sell 2158 accordingly on FCPO short term technical trend trading. A sell trade must be initiated just seconds before the 6pm close. Not waiting the next trading session!

How many stop and reverse trades were initiated in the month of April? What is the accumulated profit and loss in April? Read back the April month's articles to find them while helping yourselves to familiarize the indicator Y write-ups.

In short, we are now focusing on short 2158 after the stop and reverse sell trade signal was triggered at 6pm yesterday.

The indicator Y long 1850.5 will cut loss turn sell if the index futures is last traded below 1845 at 1015am today.