The hourly indicator Y short 2141 had a trading range between 2150 and 2127 that not far away from the short position but cpo futures price was closed above 2141 at 1230pm in the morning trading session that started putting more pressure on the short since the next few trading sessions will see the stop and reverse buy trade signal being adjusted lower and lower if cpo futures price is kept trading above the short 2141.
The short 2141 will have to cut loss turn buying if cpo futures price is last traded 2168 or higher at 4pm later today based on the hourly indicator Y trading guides (otherwise, hold on the short). This will be the 11th multiple losing trade if the stop and reverse buy trade signal is triggered at 4pm.
Again, the assumption is made without taking into consideration of any higher high lower low data and also unforeseen circumstances like what did happen before in in the past few posts that we did mention.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
The Most Popular Posts
-
This is about a plan in publishing the stop and reverse trade signals for the whole year 2016 without giving a single comment and also witho...
-
101indicators On Futures Trading book was published in year 2014 through print on demand technique to reach out CPO Futures traders who wis...
-
The CPO Futures's stop and reverse trade signals in year 2017 had generated accumulated gross profit 21 ticks ONLY based on the 101ind...
-
681 points accumulated theoretical gross profit in year 2020 was basically helped by a single trade in January 2020 that being carried forwa...
-
Dear traders, please be informed that all palm oil export data from both palm oil cargo surveyors, Intertek Agri Services and SGS Malaysia, ...