Tuesday 6 May 2014

2581 Is The 6pm SAR Buy Signal

The hourly key indicator will cut loss and turn buy if cpo futures price is closed above 2580 at 6pm today. Otherwise, remain the short 2566 for overnight short term technical trend trading position.

The short term technical trend indicator will sometimes hold more than 1 week if there is a good trend or else readers traders may keep seeing multiple trades that can be profit trades or losing trades. There were a lot of multiple losing trades in last 3 months (so, be prepared if you wish to be a technical trend trader - do not over trade) and therefore it was bad months and wish that this month is getting better.