Thursday 8 May 2014

Sell If 1130am Is below 2560

In reply to a reader trader, this update may just last for a month or two for them to learn how technical trend trading is implemented. It is very difficult to write update every hour and FIVE times a day, therefore, I wish that readers traders can understand that there is possible no update on time for reading and making decision.

The cpo futures hourly key indicator for short term technical trend trading in May only accumulated 26 ticks of profit so far based on per contract size basis or equivalent to RM650 per lot.

The hourly key indicator long 2581 since 5pm yesterday. It will cut loss turn sell if cpo futures price is last traded 2559 or lower at 1130am in the morning trading session today.