The hourly indicator Y short 2141 finally cut loss 12 points and turned long 2153 at 6pm last Friday after the stop and reverse buy trade signal was triggered as mentioned in the previous post that if cpo futures price was closed any price above 2127.
11 multiple losing trades with total accumulated losses 395 points since early November and 5 multiple losing trades with 148 points for the month of December so far is definitely demotivating short term technical trend trading on cpo futures using the hourly indicator Y trading guides even though the accumulated profit for the year 2014 is regarded as good with above 700 points as of the last traded stop and reverse buy trade signal.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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