Since 5pm cpo futures price was last traded 2149 that only 1 point below the 5pm stop and reverse buy trade signal that was posted in the previous write-up, the 6pm stop and reverse buy trade signal is actually being adjusted much lower that is at the low of today.
The hourly indicator Y short 2141 will therefore do a stop and reverse buy once cpo futures price is closed above 2127 at 6pm later today, which mean if cpo futures price is closed above 2141 the short 2141 will have to cut loss turn long at 6pm. Again, this is without taking any consideration of higher high lower low data and unforeseen circumstances between 5pm to 6pm cpo futures data.
However, if below 2141 but above 2127, the hourly indicator Y short 2141 will take profit turn long at 6pm. This will be the first profit of December if it does happen!
It seems that 6pm will be the 5th stop and reverse trade signal for this month of December.
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, ...