The long 2319 was the 8th stop and reverse trade signal for November as shown below.
1st - Sell 2328 loss 34 ticks
2nd - Buy 2345 loss 17 ticks
3rd - Sell 2345 break-even (still a loss)
4th - Buy 2362 loss 17 ticks
5th - Sell 2345 loss 17 ticks
6th - Buy 2330 profit 15 ticks (extra 50 ticks bonus from rollover! Go shopping :) !!!)
7th - Sell 2306 loss 24 ticks.
8th - Buy 2319 loss 13 ticks.
Monthly accumulated losses for November was 107 ticks as of the last buying level 2319.
However, the stop and reverse sell trade signal was just triggered and we have the 9th stop and reverse trade signal now.
In short, the long 2319 has just been cut loss turned selling 2281 today.
We will focus on the short 2281 from now on until the next stop and reverse buy trade signal.
Feel the fear and have the greed! How much is the monthly accumulated losses for November now?
((9th - Sell 2281 loss 38 ticks))
===
(19/11/2015 5pm write-up) If cpo futures price is closed above 2308 at 6pm, we will see the 10th stop and reverse trade signal. Otherwise, focus on the short 2281.
In short, Long if 2309 or higher at 6pm.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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