There will be a change of contract month for 3rd active contract month in CPO futures trading from July contract month to August contract month effective as at tomorrow. This is basically affecting all short term technical trend trading indicators due to big discount or premium between the two contract months. Readers traders who follow short term technical trend indicators must aware that your trading indicators will be affected too due to big discount or premium when there is change of contract months.
I had basically shown the short term technical trend trading using my hourly key indicator in the past two weeks and readers traders should have realized how bad the multiple losing trades and a single profit technical trend trade that long 2567 holding until today. Therefore, it is considered a mission accomplished in showing how to use a simple technical trend indicator on short term technical trend trading strategy.
I will temporarily stop updating the next stop and reverse trade signals from tomorrow onwards and wish to apologize for not be able to continue for the whole month of May. Hence, today update will be -- the 5pm SAR is 2616 or lower. If 5pm is still holding on long 2567, 6pm SAR may be even higher by a few ticks.
Just remember that if you wish to be a technical trend trader, please be prepared facing multiple losing trades before getting a good trend or few good trends. Best regards.