Thursday, 3 September 2015

Palm Oil Long 1963 - The Fear And Greed

Reading back previous posts with own simple calculation, readers traders should be able to find out where the 'greed' is... the 400 ticks accumulated profit target at 2105!

The greed target 2105 is actually...
= "the long 1963"
+ "400 ticks accumulated profit target"
- "258 ticks accumulated profits as at the last long 1963".

The "fear" is when the cpo futures price that will be kept trading low in the next few trading sessions. This is because the stop and reverse sell trade signal may be triggered! We will post a new stop and reverse trade when the indicator Y is triggered with a sell signal.

Readers traders who have our books should always remember our 5 fundamentals.