It may not be the biggest losing trade of the year yet, but it is enough to stress technical trend traders in holding such a losing trade long 2278 according to the hourly indicator Y trading guides by cutting loss and turning sell at 1130am just now.
The hourly indicator Y had finally turned selling at 1130am at 2222, it will hold on the short 2220 from now on after losing 56 points. The previous losing trade in a single trade before the hourly indicator Y started updating in this blog was 58 points.
After adding the last losing trade of 24 points, the hourly indicator Y accumulated 80 points of losses in total in just 2 trades even though November is still having a profit of 37 points!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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