Right after the previous post, the Bursa CPO dropped immediately to approximately 2120. The higher volume down bar was the entry signal. I shorted at 2120 and out my STOP LOSS at 2145. Now since the price has dropped to 2090, I am trailing STOP LOSS to the point which the EMA crosses.
Meanwhile, we also have to monitor Crude Oil for rebound. Exit the short trade once Crude Oil rebounds.
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David Kong
Hi David,
I am learning the trade by following your blog. Thanks for sharing
Can you explain the following:
“I am trailing STOP LOSS to the point which the EMA crosses”
I am not so clear on this; EMA crosses what? a point/trend?