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Fcpotrader

21) FKLI : reverse to bullishresumes frm 18), fkli-feb dropped down to slightly lower than the expected 1575, reaching low at 1572(1571.5 precisely), THEN a rebound on FRiday! A classic false breakout to the downside. A reversal is said to be formed when the price broke abv the previous lower-high at 1583 (the red marker) and closed at 1589.5 on FRiday, 21st Feb25. Now, bull is in charge. IF the market is aggressive to the upside, THEN it will retest 1595-1600. IF the market breaks above the strong resistance 1600, THEN it will go to the next level at 1613 and 1628. IF the market is slow-ish, THEN fkli-feb will hover from 1584-1588 immediate support till 1595. Deeper consolidation will touch range from 1585-1572. Price below 1572 indicate another round of bearish market appears. Since next week is the last week of February month, I will bet on "end-of-month bull rally". End of the month typically is a bull rally for fkli on some special months but most of the time it is just the last-day-of-the-month rally! PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Long
by HAIDOJO_trading
20) FCPO : Bull might come to an end...or juz correction?update frm 19), Fcpo-May will continue next MOnday, 24-28th Feb 2025, the last week in month of February. What happened last week was fcpo-May made what seemed like a false breakout, 4700-4720, then quickly went down. The range of 4634-4700 is important for bull to stay afloat. Price breaking below 4634 indicates the possible reversal of trend. Price within 4634-4700 is bull...IF bull is aggressive, THEN it may gap up abv 4720 and higher. IF the market is mild drop, THEN it will range frm the 4555-4634 but it is still bearish. IF market falls below the 4500-4560, THEN the next level is pretty low at 4400-4300, THEN it is a strong bearish market. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!
by HAIDOJO_trading
19) FCPO : uptrend resumes...???update frm 16), price frm fcpo-apr has come to an end. Fcpo-May will appear next MOnday, 17-21st Feb 2025. What happened last week was unpredicted. Price gapped up to 4640-4700 then sank lower to the 4630-4650 range. The next day, it gapped down 30pts to 4620 and fell to 4540, then rebound back to 4630... IF the market is aggressive drop, THEN it will hit the 4540-4490. IF market falls below the critical 4490(4487 to be precise) which is also the previous higher-low, THEN market has probably reverses. IF the market is slow-ish, THEN it will lower back to 4600-4540. IF the market continues bullish, price has to break abv 4600-4630, and retest the latest high at 4700. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!
by HAIDOJO_trading
18) FKLI : bull and bear plays tug-of-warresumes frm 17), the latest high has broken above previous high of 1590 and creates higher-high at 1600-1605. Basically, bull is still IN CONTROL but a possible "head" has been formed. At the end of the week, price falls at 1592.5. Bull still maintains till 1575 closest higher-low is broken. This could be a mere consolidation phase of a bull or a reversal... IF the market is aggressive to the downside, THEN it will retest 1575-1585. IF the market breaks lower than the previous higher-low at 1575, THEN market has reversed into bear. IF the market is slow-ish, THEN current point 1590 - 1595 is the range for possible continuation to higher price. Deeper consolidation will touch range from 1585-1590. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Long
by HAIDOJO_trading
17) FKLI : uptrend continues...resumes frm 14), the previous Lower-high 1564 has been broken. NOw, fkli-feb has been creating more and more higher-low and higher-high till now, reaching 1590. IF the market is aggressive, THEN it will hit 1600-1613 and probably hit higher. IF the market is slow-ish, THEN watch out 1583-1588 support, where it is playing tug-of-war with bear. IF the market breaks lower than the previous higher-low at 1575, THEN market has reversed into bear. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Long
by HAIDOJO_trading
16) FCPO : uptrend resumes...update frm 15), price frm fcpo-apr has resumed to break to higher-high, above the previous 4400-4420, making the uptrend continues higher at 4600 now (close to). Previous resistance is now the support level, which is 4500-4540. The overhead resistance ranges frm 4630-4650. IF the market is aggressive(since fcpo-apr ends this week), THEN it will hit the 4630-4650 immediately and go further up. IF the market is slow-ish, THEN it will lower back to 4500-4540 and play some tug-of-war with bear but Bull is still the major preference. OR tangling between 4540 -4630 region. IF market falls below the critical 4490(4487 to be precise) which is also the previous higher-low, THEN market has probably reverses. That's all for tdy. Happy Thaipusam and hapi holiday. Happy hunting. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
15) FCPO : uptrend persists this week update frm 13), price frm fcpo-apr has broken abv the previous HL, 4280 on 28th and 31st Jan 2025. Again, I have missed some really exciting moves bcox of my absence in holiday. Price might move back to 4300-4330 or even 4280 IF it is a deep retracement, form some kinda base thr and rebound. price could oso gap up further around 4420-4480 as bull pushes further, after testing 4400-4415 tdy. previous Higher-Low was at 4265-4255 and IF this level is broken, THEN the trend has reversed. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
13) FCPO : bull and bear are playing tug-of-warAs I continue frm the previous 11), I quoted that fcpo might test the 4280 soon. Well, this wasn't the case for last week, 20-24th Jan 2025. fcpo was trading within the range frm 4135 - 4280. Although price had fallen frm 21-23rd Jan, market has rebounded in the last minute, which was on the Friday, 24th...so it is possible that a reversal has happened. Price moving above 4280 will confirm a bullish comeback while price below 4135 indicates a bearish move that eventually hits 4100 and 4000. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
12) FKLI : bad news breaking out? Thing is not looking gud for my last week paper trading in fkli as a "downtrend channel" is formed (red color "bridge" heading downside). The immediate support is at right now, 1560. Price needs to test immediate resistance at 1570, and if it is successful, then it will go back to the recent high at 1585. Further above 1585 signals the recent uptrend continues or IF it falls below 1540-1538, THEN the strong bear continues. I am still of the opinion that somethg bad is going to break out frm the end of January 2025 either frm US or Japan based on recent market performance. However, not all going doom and gloom. Happy Chinese New Year and Gong XI Fa Cai! PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Short
by HAIDOJO_trading
11) fcpo : play predict the market againinstead of super huge 4280 yesterday, I shall focus on what is happening now. price will fluctuate between 4170 -4200 and move higher to retest 4280 IF it is a real rebound. ...fcpo is a fast moving market, so before u know, it is ald testing higher and higher price at like 4400 and 4530... IF it is not a real rebound, THEN u will see price descend lower to 4100 and 4000 PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
10) FKLI : another losing day, but wait for next roundit is very obvious! nothing is wrong with the strategy. it is me. ok. long story short, I short fkli at 1546, SL 1552...and yes...it was stopped out...bcox market is heading for rebound...so wait for price to break abv 1570, then retraces back...see how... be patient...wait... PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Long
by HAIDOJO_trading
9) FCPO : slipping down further by the time I am writing this, fcpo-apr has slipped down further to 4140...fcpo has gone tru a 100pts gap down on the exchange date and another two more gaps after that. My bias, fcpo-apr is oversold! of course, my bias, not the market. I tried to long the market three times and all losers. down 40pts++. maybe I should have stopped as my plan. when it hits 10% drawdowns. now it marks somewhere to 15%. maybe I should juz short the market when it looks like falling. fcpo needs to challenge 4280++ to reverse the trend and now it is heading to 4000. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Short
by HAIDOJO_trading
8) FKLI : missing trades and repeating mistakeI don't know what is the news but the market has broken way lower than my expected 1580 and are now in the next range of 1530-1550 region. I really have my own bias and I thought the market is oversold. That is the "counter-trend's bug" in my head. When I tried to short the market, there will be a voice in my head saying "it will rebound!" and making it worse is my short-selling the market was right but I put trail-stop too soon and it was hit. Making a profitable trade becoming just a breakeven trade, yet again. short fkli at 1562, then took it out at 1660, whr it hit my tp at 1552... 3 fcpo trades and all losers, well done! so i am paying attention to fkli for rebound. fkli has to break abv 1570 to reverse the condition. Further down, market will retest 1500-1510, the low since August 2024. Probably, the same bad news, end of January 2025, BOJ might raise interest rates again...who knows? PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!
by HAIDOJO_trading
7) FCPO : hit 10% drawdowns. what next?my earlier prediction that fcpo might go on strong bullish action has gone bad. three trades, two losses, one breakeven. now since I have hit the 10% drawdowns, I think I need to stop trading real ones and wait till Feb. let see how it goes. haiz. maybe I should set "stop-and-reverse" straight away. tmr is the last day of fcpo-march, at least break for one day first to cool things out. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
6) FKLI : I screw up the last time, what is next? - as a respond to the previous no 3), YES! I am reacting too fast and miss out on a big fall. That feeling was devastating. Just entering the second weeks of new year and I made a horrible mistake by cutting the profits short. These are indeed bad, winning trades. Repeat these actions more then I will end up "retiring" early this year. - next week, IF bear continues to "kill" the market, THEN we will probably see price moves to 1580, a critical support. This level was hit several times last year in June, NOv and Dec 2024 and it will most likely hold unless there is more bad news from the market. THEN, we will see level like 1530-1550, or 1500-1510, which was tested during the early August fall 2024. -IF the market is to rebound, THEN first it must get above the "overhead" resistance at 1605 and test higher level at 1610-1615. PS : there is a myth saying that if you want to know what will happen to the bursa malaysia for the rest of the year, you must first look at the first week in January of that year. Now, the first and second week fkli ald dropped frm high at 1640 to now below 1600, so the whole year is "roasted"? haha...kidding'. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FKLI1!Short
by HAIDOJO_trading
5) FCPO : let's play predict what will happen next weeknext week, 13-15th Jan 2025, is the last week of fcpo-march. fcpo-Apr will emerge on 16th Jan 2025. -IF the price retraces back to 4350-4375 region OR lower at 4300-4320 region before bouncing higher. This will probably end up as tug-of-war between bull and bear. THEN, it will probably end up as a sideway pattern... -OR a better bullish action is the price will move above 4400 -4425 immediate resistance, retraces back and bounces higher as a strong bull action. -IF the price falls below 4330, the current support, THEN the price will move lower. PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun. #tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
MYX:FCPO1!Long
by HAIDOJO_trading
Palm Oil Futures (FCPO) Technical Analysis: A Short-Term BearishThe analysis did not align with initial expectations. It was anticipated that the weekly chart of the FCPO1! continuous contract would stabilize around the 4500 support level, but this week it dropped to 4374. From the weekly chart perspective, while the 4500 level has been breached, the overall upward trend structure remains intact. The next support level will likely be around 4120. If this level is also breached, it will be necessary to reassess whether the major trend has shifted from bullish to bearish. Looking at the FCPO1! daily chart, the overall trend leans bearish. A clear double top can be observed, along with a neckline breakout, a retest of the resistance line, and a distinct downward wave. Although there may be some support around the 4250 level, it is unlikely to be strong support, as both the weekly and daily charts of the March contract do not indicate any significant support at this level. By referencing both the March contract and the continuous contract, the next strong support level should be around 4120–4150. As long as this support level holds, I consider the trend to be long-term bullish but short-term bearish. Based on the daily chart trend of the March contract, it is likely that prices will decline in the short term to test the 4120–4150 support level. Therefore, I believe this is a good opportunity to enter a short position on the spread. Currently, the support level for MAR25-JUN25 is around 240 points, with the next support level at 190–200 points if 240 is breached. If an entry can be made above 250 points on Monday, each contract is expected to yield a 50-point profit, amounting to RM2,500 in total.
MYX:FCPOH2025Short
by goldong01
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