As readers traders who have the 101indicators On Futures Trading book know what is the written "two words" just before the "greed" word in conquering the fear! Even those who have the book may not even realize how important it is. Check it out at the page 4! That is why we ask you to read it 100 times! (This is what we share with a reader trader and post it here in wishing to share with others who own the book too.)
FKLI FCPO using the short term indicator Y trading guides is still finding the 4pm stop and reverse trade signals far away from the morning trading session closing prices. Therefore, the long position in both FKLI FCPO will be remained until 4pm or even at market close today.
However, FCPO is getting more pressure if cpo futures price is kept trading near low or even lower in the afternoon trading session since the stop and reverse sell trade signal will be adjusted much higher.