FCPO TRADING : 119) need further confirmation trend-reversalthis is 119 frm haidojo trading...fcpo price has broken the previous high of 2790 and created a new structure high tdy...
BUT...doesn't look right in daily chart...so need further confirmation...now it is either sideway or sliding to the upside slowly...
higher resistance : 2860-2900
resistance : 2760-2790
current support : 2670 - 2630
lower support : 2560
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!
FCPO TRADING : 116) retest 2760 and failed...SHORT WHEN REBOUND UNTIL 2790 HIGH IS BROKEN...
higher resistance : 2860-2900
resistance : 2760-2790
current support : 2670 - 2630
lower support : 2560
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 : 115) new structure low is formed, SHORT115 is the number and this is haidojo trading. downtrend is confirmed...short on rebound...1587 is broken, now it has become resistance level...
resistance : 1587- 1592
support : 1560
lower support : 1520 - 1512
advanced pattern bullish cypher pattern with D leg completion in the range of 1520-1512...SL could be set below 1500...
this is a counter-trend trade...so if you never tested this, stay away...
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**
Aug03 - CPO (Monthly) - Long-term Wave Count, Elliott WXYDecided to check on the long-term big picture, following CPO recent strong up-move towards 2800 area (again!).
---- marked: grey zone
2600-2800 zone is kinda midpoint to the decade-long correctional pattern following '08'09 subprime crash.
A fib plot of the sharp plunge, shows each levels coincides well with CPO major support & resistance zone.
As of now, its clearly a horizontal correction on monthly/weekly charts,
potential Elliott Double-Three, WXY wave pattern.
I've produced 2 possible counts, as we are nearing completion/already complete WXY.
Main Count (orange): currently "Y" wave within WXY Correction, wave 'd' within Elliott Triangle -abcde-
Alternate Count (blue): completion of Elliott Triangle -abcde- & WXY Correction in May2020; current bounce = potential Impulse Wave (1)
Leaning towards main count, which suggest yet another test on the infamous 19xx-2000 MAJOR support area,
before we finally bounce into a new CPO Bull Cycle, by late'2020 or early'2021. 📈📈
Fundamentally, we can relate this long-term bullishness to the dwindling global food supply as agricultural lands rapidly disappear,
-- either gave way to housing/infrastructure, due to pollution, or desertation due to climate change. 🙈🙉🙊
I shall update this count by end-Q3, 2020 -- we shall then see whether we are indeed in a new CPO bull cycle. 🐮🐮
Meanwhile, I'll keep to sideways operation mode :p
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
FKLI TRADING : 112) 1616-1620 STRUCTURE STILL HOLDWAITING FOR overhead resistance : 1616 1-620 TO BE BROKEN....
higher resistance : 1640
critical and strong support : 1587
lower support : 1560 -1564
PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 111) WAITING FOR REBOUND TO SHORT SHORT WHEN REBOUND UNTIL 2770 HIGH IS BROKEN...
resistance : 2670
higher resistance : 2700
previous high ; 2770
lower support : 2560
current support : 2625 - 2630
Comment: WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 109) REVERSAL IS CONFIRMED...?this is the 109 trade frm haidojo trading...another important support - 2625 is broken! according to my thumb-of-rules, this is a confirmation shift of trend...it has as high as 70% accuracy...so wat say u...? uptrend persists? confirmation shift-of-trend...? welcome to leave ur message in the comment column below...
My strategy has changed frm long when retrace to short when rebound...the resistance level shall be watched...
overhead resistance : 2625-2630
higher resistance : 2670-2700
current support : 2574-2560
lower support : 2474
FKLI TRADING : 108) Sliding slowly to 1560 to 1512this is trade 108) frm haidojo trading...fkli-july will end in few more days...so trade with caution and don't hold too long for swing trade...
we anticipate the price to slide down to 1560 and 1512...now the support level at 1587 is going to break anytime soon...if it happens to break down lower to 1512, then we shall see if the counter-trend trade, bullish cypher pattern is making its way back or not...? finger cross...
support : 1560
lower support : 1512
awaiting bullish cypher pattern and also breakout pattern on the way...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 107) BEARISH ENGULFING IN DAILY CHARThi, this is haidojo trading and trade 107)...as bearish engulfing candle has been formed in daily chart and 2 support levels have been broken down, we need to be cautious and consider a possible reversal has happened...Although according to my rules, we are still in uptrend, but thing has gone a bit ugly now...supports such as 2760 and 2700 have been broken...if u still persist on long, wait for the 2625-2630 level...
strong resistance : 2760 -2773 avg MEAN in past 10yrs
overhead resistance : 2700
support level : 2625-2630
lower support level : 2574-2560
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING :106) sideway market for the past 9-10 dayshi, this is trade 106 frm haidojo trading...fkli has presented a pretty boring sideway market for +- 10days...if you trade a "box" tunnel, so this is the time when your winners are going to flourish...but if you trade a breakout pattern like I do...haiz, B...O...R...I...N...G...
so awaiting either of the support level side 1587 or the resistance level 1616-1620 to be broken...according to what has happened recently, it is likely that klci will slip down slowly...but...who knows...???
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING :105) BULL is in chargethis is 105) trade frm haidojo trading...bear has loosened its grip and bull is celebrating its triumph this time...2760 resistance level has been broken and now turn into new support level...as you can see frm daily chart, new resistance level has been inched up higher to challenge 2830 and 2900...according to the past experience, once the price has past the average mean price for the past 10yrs, WHICH IS AT 2773 ...things are going to speed up...
higher resistance : 2830...till 2900 (psychological number)
current support : 2773 the AVG MEAN for the past 10yrs, or so...
lower support : 2760...
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FKLI TRADING : 102) SURPRISE, SURPRISE...market is full of funpost-100 trades are here...! this is 102 frm haidojo trading...fkli-july has stunned us with a sudden reverse/ "kostan" and back on uptrend...
that's why reversal of trend has to be taken cautiously...and systematically...
price has moved way above the A leg therefore deep bullish gartley pattern is no longer valid...yeah, that's rite...expiry date
support at 1587 still holds and resistance 1616-1620 will be retested again...see what happen next...
this is the trilogy frm trade 93) which also the end of it...shall have new episode soon...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING : 101) BULLISH MOMENTUMthis is 101) trade frm haidojo trading...as you can see, the bullish sentiment still strong and likely to break higher to test resistance at 2760 soon...
overhead resistance : 2690-2710
higher resistance : 2760...
support : 2625-2630...
lower support : 2560
PS : TRY TO MAKE DAILY UPDATES BUT SOMETIMES DUTY CALLS, HOPE YOU GUYS CAN UNDERSTAND...IF THR IS NO UPDATE,
THEN MOST PROBABLY...1) I am sick, or dead...2) there is nothing new in the market...sometimes, sideway market is boring...
MANY MANY THX>>>>
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
uptrend continues...fkli-julyas we witnessed some breakout abv the previous high of 1587...now it is likely that the market is going to retest 1620-40...
current support : 1587-90...
psychological resistance/current resistance : 1600
higher resistance : 1620 -1640...
market has a bias towards the upside...therefore trend-continuation trade might have better winning percentage...
plan your trade and trade your plan...
WARNING : this is juz for reference and not any kind of hint indicating buying or selling preference...
sideway market before the 10th...fpcoso it is still a boring sideway market...higher resistance : 2474...
current resistance : 2430...
critical support level : 2300...
watch out for the important levels...
gud luck and gud trading...
**PS : normally, fcpo market is volatile or indecisive when it is near to the 10th every month...awaiting for report frm mpob...
does this look like an alien to you? Does that figure/pattern look familiar to you...? does it appear like some sort of alien shape to u or juz another common pattern known as "inverted head-and-shoulder" pattern...I found out that this pattern are quite popular amongst fcpo reversal patterns/signals...other than Double Bottom...normally you look for this at near bottom for a possible reversal signal...
anyway, I totally missed this...so tis is the kind of mistake you anticipate when you trade pattern, as sometimes the "eyes" are not capturing those meaningful patterns...so I had better stick back into resistance level- current 2420... a breakout might retest 2475... a critical resistance or the "head" formation of a possible larger "head-and-shoudler" pattern...pls refer back to my previous episode if you feel lost...
that's all for today...many thx
if you like this kinda trading idea, pliz like and follow...
WARNING : any ideas in this section should not be perceived as hint for BUYING or SELLING, trade at your own risk...