After turning sell 2254 yesterday, the hourly indicator Y started with a profit of 117 points against its previous long 2137 that being carried forward from October to November. (Read back previous posts where accumulated profit in October only 14 points and the long 2137 profit was not recorded.).
It is believed that there will be no stop and reverse buy signal in Day 2 today judging on the pattern of the hourly indicator Y trading strategy. This can be meant that the hourly indicator Y will have "unlimited losses" if cpo futures prices is traded up high against its short 2254!
Updates will be available one hour ahead if there is a possibility of stop and reverse buy trade signal being triggered; otherwise, remain the short 2254 no matter how high the cpo futures price is!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
Thursday, 6 November 2014
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