Wednesday 11 November 2015

November 7th Stop And Reverse Trade

As mentioned in previous posts since the last week of September 2015, readers traders are reminded again that we will be unable or failed to publish the stop and reverse trade signal due to unforeseen circumstances. However, we will definitely record and publish them in the following post as what we did in previous posts or below the "===" signage in the same post that we updated them accordingly.

The 6th stop and reverse sell trade signal was triggered at 2345 against its previous long 2362, incurring another 17 ticks of losses in the multiple losing trades that we did always mention repetitively since we started the 3-month topic.

We will probably have the 7th stop and reverse trade signal in the afternoon trading session today if cpo futures price is traded higher above the selling price 2345 after MPOB had released its official data at the morning trading session close.

Learning multiple losing trades in all technical trend indicators will be a good place to start of if readers traders insist in following such a trading rhythm.

Let's focus on the short 2345 first. We will publish the 7th stop and reverse trade signal once we have it.

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(5pm write-up) Please accept our sincere apologies. We made a mistake on the number of stop and reverse trade signals for November. Reader traders can read back the old posts or refer here the correct numbers:

1st - Sell 2328 loss 34 ticks
2nd - Buy 2345 loss 17 ticks
3rd - Sell 2345 break-even (still a loss)
4th - Buy 2362 loss 17 ticks
5th - Sell 2345 loss 17 ticks

We will have the 6th stop and reverse trade signal (not 7th yet as the above title post!) if cpo futures is closed above 2344 at 6pm in one hour time from now.

So, focus on the short 2345 unless it is a long signal at 6pm where cpo futures is closed 2345 or higher today.

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(12/11/2015 5pm write-up) Here is the 6th stop and reverse trade signal - Long if 6pm is closed above 2341.

Thus, the short 2345 has to turn buying if cpo futures price is closed 2342 or higher at 6pm today ,based on the trading guides, and this trade signal is given in about one hour advance for readers traders to digest yourselves.

If 6pm below 2342, hold on the short 2345.

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(13/11/2015 1120am write-up) Today will be the "last day" for January contract. Eye on change of contract month on Monday. We are still focusing on the short 2345.

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(16/11/2015 10am write-up) Change of contract month with about 50 ticks difference. No doubt there is a realized profit of 50 ticks on rollover, we will still technically and systematically follow the new contract month for our write-up.

So, when a new contract month, February contract month, starts as 3rd active contract month, we will just follow it even though it is about 50 ticks higher as compared to January contract contract where the short 2345 was initiated.

Continue eyeing on the short 2345 and we will post it here if there is a new stop and reverse buy trade signal.

(16/11/2015 1130am write-up) We have 6th trade signal. The short 2345 had taken "small profit" turning long 2330. Focus the long 2330 unless cpo futures price is closed below 2330 at 1230pm in one hour time from now.

If 7th trade signal is triggered, we will end this post here and writing a new post when time comes.

(16/11/2015 1230pm write-up) We finally have 7th stop and reverse trade signal.

1st - Sell 2328 loss 34 ticks
2nd - Buy 2345 loss 17 ticks
3rd - Sell 2345 break-even (still a loss)
4th - Buy 2362 loss 17 ticks
5th - Sell 2345 loss 17 ticks
6th - Buy 2330 profit 15 ticks (extra 50 ticks bonus from rollover! Go shopping :) !!!)
7th - Sell 2306 loss 24 ticks.

Focus on the short 2306 from now until you see the next new post with title "November 8th Stop And Reverse Trade".

Don't be shy finding multiple losing trades in a very technical and systematic way in order to find trading success if you follow technical trend trading like what we do.

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(17/11/2015 350pm write-up) 10 trading days more for November to write about after we had 6 stop and reverse trade signals already in the first 10 trading days.

How much is the theoretical monthly accumulated loss for November after excluding the 50 ticks bonus for shopping? Will be have a profit for the month of November?