It is believed that after the past two profit trades ( 35 and 117 points of profit trades as published in previous posts ) will finally meet a losing trade today. The hourly indicator Y short 2254 will probably do a stop and reverse buy trade at 1130am today, that is, if cpo futures price is traded above 2229 at 1130am, the hourly indicator Y will cut its short 2254 position and turn long.
Yes, its 1130am SAR is 2230 or higher without taking into consideration on higher high or lower low that possible to happen during the first one hour before the 1130am trade signal, or other unforeseen circumstances.
The stop and reverse buy trade signal will be available once the 1130am trade signal is confirmed. If it is below 2254, then it is a taking profit turn long trade; if it is above 2254, it will be a cutting loss turn long trade.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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