FCPO - Potential Bullish BatPrice of FCPO rose tremendously in the month of July 2020, the price swung from 2562 MYR & broke 2800 MYR with slightly extended to 2808 before retracing back into the upward channel (Green Parallel Line).
On the 12th August, a bullish harmonic Bat pattern formed in hourly TF & swung upward towards the projected TP without testing the stops level. From the last swing, the price might have a potential to form another bullish harmonic Bat pattern in M30 TF where the level of the potential reversal zone (PRZ) confluence with the hourly TF harmonic pattern. In shorts, there's an opportunity of 2nd retest of the hourly harmonic pattern & a new possibility for a harmonic pattern to develop in M30 TF.
Risk taker could open short position trading from the C to projected D leg before the harmonic pattern complete in M30 TF. To complete a valid harmonic bat pattern, the stop level shall be tested.
Stops : 2584 MYR
PRZ : 2597 - 2626 MYR (violet box)
TP1 : 2684 MYR (Projected)
TP2 : 2720 MYR (Projected)
Fcpo!
FKLI TRADING : 165) short on reboundthis is trade 165 frm haidojo trading...
so short on rebound is still the best option...until the formation of higher-high and higher-low...till then, short...
we are at the brink of final support wall right now...ranging frm 1475-1486...the next level is at 1450...
take a short position and see what happens next...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 164) gartley pattern is invalidthis is haidojo and the number is 164...
deep bullish gartley pattern...formation of D leg completion at 2774...SL could be below 2763, 1st tp 2805...
A leg is violated...so the gartley pattern is no longer valid...
higher-high is formed in hourly chart...again, no confirmation in daily chart yet...wait for daily chart...
IF price stands abv 2900 then go for LONG...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2764- 2805
lower support : 2605
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
just swing before long and depressing downtrend... FCPO1!
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FKLI TRADING : 163) short on reboundthis is trade 163 frm haidojo trading...
I think too much...that's it...fkli-sept is still in downtrend, obviously...so "yourself" is the worst enemy in trading...
how to prevent myself frm sabotaging my own trade is the key to trading success...unlike most marketers, they normally
"show" you how easy it is... how quick u can make it and u can earn a lot...those fairy tales...
back to reality,
so short on rebound is still the best option...until the formation of higher-high and higher-low...till then, short...
we are at the brink of final support wall right now...ranging frm 1475-1486...the next level is at 1450...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 162) a possible bullish gartley patternthis is haidojo and the number is 162...
fcpo-nov still in sideway position...
as the sideway market kicks in, we expect to have advanced patterns formation...
today there is a possible deep bullish gartley pattern...formation of D leg completion at 2774...SL could be below 2763, 1st tp 2805...
no extended target...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2764- 2805
lower support : 2605
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Sept09 - FCPO (1D) - Mild Bullish Above August Sideways Box...August sideways box, ranging roughly btw 2600-2800 zone has been broken, and recent test shows price chosen to stand above it aka bullish.
Immediate resistance is near, R1 @ ~289x-291x ; while new support is formed, S1 @ ~278x-280x .
Sideways-Up situation for me...
Staying above immediate UTL, L1, may send price higher above >2900
Else, we may be in another consolidation range, trading within S1-R1 range.
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FKLI TRADING : 161) wait and seethis is trade 161 frm haidojo trading...
we actually got the signal of the price being rejected...entered the market and short...but shxt happened...
an unexpected "kostan" or the price reversed...then a formation of higher-low after that...making me to take profit early at 1500...
better cut it short than sorry...so,now waiting for further confirmation...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 160) a possible formation of "HEAD"this is haidojo and the number is 160...
fcpo-nov still in sideway position...it is still a puzzle whether the price is going to form a higher-high or retest the support at 2850-2800...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2800-2850
lower support : 2760
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 157) short on reboundthis is trade 157 frm haidojo trading...
"after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level ... next level of support is at 1475-1486 ...
dun try anymore counter-trend at this moment...
market is at full speed downtrend now..." frm my earlier QUOTE...
- so today fkli-sept did exactly what I had expected yesterday, which are:
1) went into the 1475-1486 region and rebound...
2) retesting the 1512-1520 resistance...
now for Monday, we shall wait for signal of the price being rejected and go for short...if thr is no signal then wait for the price to slowly glide
upward and retest the higher-resistance at 1540...1540 is a critical area for shift-of-trend...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 156) a possible formation of "HEAD" this is haidojo and the number is 156...
juz when i think the market is going to speed up the pace in uptrend, here comes the downside...
a sudden gap-up and gap-down formed a significant "head"...pliz look at my drawing as reference. Of course, this is not enuf for a confirmation of shift-of-trend...
but juz, beware...a break lower than 2760 is a confirmation shift-of-trend...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2810-2760
lower support : 2610
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 155) downtrend persiststhis is trade 155 frm haidojo trading...
after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level...next level of support is at 1475-1486...
dun try anymore counter-trend at this moment...
market is at full speed downtrend now...
higher resistance : 1540
current resistance : 1512-1520
support : 1475 -1486
lower support : 1450
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 154) full steam aheadhi, this is haidojo trading and the number is 154...
basically, the analyst is the same with yesterday...today, we have reached the next level of resistance at 2900...
if we break abv this level, then we are looking at RM3000 the next level...RM3030 -3100...still buy on dip...
higher resistance : 3030-3100
immediate resistance : 2900
support : 2810-2840
lower support : 2710
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 153) counter-trend bullish cypher patternthis is trade 153 frm haidojo trading...
""this is definitely a "NO NO " for beginners or those who don't trade advanced patterns...
there is a possible bullish cypher pattern amongst the chaotic spiral of downward trend...
entry is unchanged range frm 1512-1520, SL 1508 or lower, tp 1537 -1540...no extended target...
I mentioned this bullish cypher pattern in trade 92) ! see how powerful advanced pattern is?"" QUOTE frm earlier timeline...
well, this is the moment that my hard-work is finally bearing fruits...Yes, not all of them are gonna be winners...but this is one of the winners...
so, bullish cypher pattern hits 1st tp today...I dun haf position-sizing therefore my tp is filled while I was away...this is a gud feeling...
but dun over-confident...rite? celebrate for a moment and then move on to the next trade...
higher resistance : 1560
current resistance : 1536-1540 (tp fills)
current support : 1520-1512
lower support : 1475 -1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 152) UPTREND PERSISTShi, this is haidojo trading and the number is 152...
As what I had said yesterday, today is a critical level for confirmation of uptrend...
we can see today, new structure high and higher high is produced...so, "long on retracement" is the best strategy now...
"buy on dip" is another way of saying this...until new structure low is formed...ganbateh...
higher resistance : 2900
immediate resistance : 2810-2825
support : 2760
lower support : 2710
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 151) counter-trend bullish cypher patternthis is trade 151 frm haidojo trading...
this is definitely a "NO NO " for beginners or those who don't trade advanced patterns...
there is a possible bullish cypher pattern amongst the chaotic spiral of downward trend...
entry is unchanged range frm 1512-1520, SL 1508 or lower, tp 1537 -1540...no extended target...
I mentioned this bullish cypher pattern in trade 92) ! see how powerful advanced pattern is?
-while the downtrend hasn't changed much, I found out that it is possible to have a counter-trend trade, a bullish cypher pattern...
today is the 1st day of the fkli-sept...price has fallen back into the kill-zone of 1512-1520...
depending on what kind of signals you are waiting for to take the long position, the "fruits" are ripe and awaiting to be taken...
some ppl wait for Double-bottom, some wait for higher-high, higher-close in chart, other wait for moving avg...etc
higher resistance : 1560
current resistance : 1536-1540
current support : 1520-1512
lower support : 1475 -1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 150) NEW STRUCTURE HIGH NOT CONFIRM YEThi, this is haidojo trading and the number is 150...
FCPO-NOV has broken through the previous high of 2810 and formed new structure high in hourly chart...
but the new high-2825 is too close to previous one(not more than 20pts)...and a possible pin-bar in daily chart...so tmr is critical...
higher resistance : 2900
immediate resistance : 2810-2825
support : 2750-2760
lower support : 2710
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING:149) sideway markethi, this is haidojo trading and the number is 149...
fcpo-nov continues in its boring sideway, no major breakout of any kind...just sideway grazing...
higher resistance : 2780-2810
immediate resistance : 2750
support : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
SHORT FKLI TRADING : 148) counter-trend bullish cypher patternthis is trade 148 frm haidojo trading...
this is definitely a "NO NO " for beginners or those who don't trade advanced patterns...
there is a possible bullish cypher pattern amongst the chaotic spiral of downward trend...
entry is unchanged range frm 1512-1520, SL 1508 or lower, tp 1537 -1540...no extended target...
I mentioned this bullish cypher pattern in trade 92) ! see how powerful advanced pattern is?
fkli has formed a new structure low...the price has broken below the 1540-1547, so downtrend persists...also the last day of fkli-AUG...
higher resistance : 1560
current resistance : 1540-1547(continue to bear)
current support : 1520-1512
lower support : 1475 -1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING: 143) A POSSIBLE DEEP BULLISH GARTLEY PATTERNhi, this is haidojo trading and the number is 143...consolidation breeds advanced patterns...likewise, now we might face a possible deep bullish gartley pattern...it is compatible with the formation of the "neckline" in my previous analyst...don't aim high on this one...even if it works, it will just rise back mildly...not that kind you wanto hold for swing trade...nor mid-term period...
for the bullish gartley pattern, buying range frm 2650-2560...Stop-loss below that range...tp 2685...no extended target...
higher resistance : 2750
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
SHORT FKLI TRADING : 147) short on reboundthis is trade 147 frm haidojo trading...
after hitting the 2nd tp, now normally I wait for the next new trend...until then, still stick to short on rebound...
most probably sideway and slowly down...let's see what the market offers to us...
amazingly,the support range of 1540-1547 still holds...that's the miracle of support and resistance...alwaz mesmerize me in some ways...
higher resistance : 1577-1585 (reversal to bull)
current resistance : 1560
current support : 1540-1547(continue to bear)
lower support : 1475 -1486
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING:146) DEEP GARTLEY POSSILBY MISSEDhi, this is haidojo trading and the number is 146...consolidation breeds advanced patterns...
for the bullish gartley pattern, buying range frm 2605-2560...Stop-loss below that range, 2550 maybe...tp 2685...no extended target...
as for what has happened today, the price missed 2605 by a few points and rebound...it eventually hit the tp 2685, closing to 2700 and reversed...most probably this trade was a miss...
higher resistance : 2750
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**