The indicator Y short 1856.5 on FKLI has finally taken profit and turned long at 1802.0 at 1015am today. We manage to record an accumulated profit of 212 index points or 424 ticks that equivalent to $10,600.00 gross profit per contract size basis in the first half of the year 2015. Thus, we stop making comments on FKLI for a while until the indicator Y on FCPO reach the half way mark of the yearly target too.
Just remember, the indicator Y may not be as good as other technical trend indicators, what we try to show here is to let readers traders to learn the trading discipline that you can practice too using your own set of technical tools. 101indicator On Futures Trading book has the secret in using technical trend indicator that all can learn in a very simple manner.
As said in the previous post, the indicator Y long 2145 on FCPO will have to last trade at yesterday's low in order to trigger sell signal; otherwise, hold on the long 2145 as stated in the above title.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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