The 4pm stop and reverse buy trade signal was not triggered since the cpo futures price is last traded below the given level as stated in previous post.
However, the 5pm stop and reverse buy trade signal is now being adjusted much lower near to the current 2130 level, that is, if cpo futures price is last traded 2132 or higher at 5pm, the hourly indicator Y will have to take profit against its short 2172 and turn long at 5pm sharp on short term technical trend trading strategy. This is based on the hourly indicator Y trading guides without considering the higher high or lower low data that may affect the stop and reverse trade signal.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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