The 4pm stop and reverse sell signal is the same with the last traded price at 1230pm. The cpo futures hourly key indicator will cut loss turn sell once the 3rd active contract month is traded 2567 or lower at 4pm later today; or else, holding its floating loss position long at price 2581.
The 65 ticks per contract size basis of profit accumulated in the early May had substantially reduced and this is a very good warning sign for novice traders to learn that the futures trading need a lot more of margin to maintain good trading discipline.
If novice traders use the initial margin as required by Bursa Malaysia Derivatives, they will out of trading one day when get hit by multiple losing trades. Over trading is another dangerous bad trading habit by novice traders thinking of they can handle well in the volatile cpo futures market and get burned one day.
Therefore, learn to put in more margin and do not over trade if you wish to be a successful technical trend trader one day since you know that you just need good trends with good technical trend trading discipline.