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."
Fkli
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."
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."
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."
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."
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."
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."
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."
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."
1) FKLI : confirmation of "head-and-shoulder" pattern A breakout to the downside from the neckline 1634 has occurred. So expecting price to fall further.
next level support : 1618-1624
resistance : 1640 - 1648
#tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia
Disclaimer : "I am not guru and I am working hard to make profit same as u. 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. "
possible "head-and-shoulder" pattern in fkli janthis is possibly a "head-and-shoulder" pattern formed in fkli-Jan. The neckline is around 1627-1634...daily and hourly charts are all UT. This is an early entry. See what happens next.
*this is just a trading journal, not a suggestion to buy nor sell. For more information, please consult your financial advisor.
FKLI WEE 48 2024: Retracement to continue.I don't think that we are done with the move downwards. I think there is still some room down and the retracement will continue towards Target 1 and if that level didn't hold then it is likely that the index will move towards 1540 (Target 2). Then depending on the price action, KLCI would probably try to make a move higher. For the week ahead, it is still bearish.
FKLI Week 32 2024: 1500 is on sight.Yesterday, FKLI nearly reached 1500 points due to a significant sell-off, similar to other markets. In the short term, there might be some reactionary buying, but a further decline is expected. I anticipate the price will eventually drop to 1500 points before consolidating to determine the next move, whether lower or higher. Currently, we can expect a brief retracement upwards before the market resumes its downward trend.
FKLI Week 24 2004: Cautiously bullish.There was no follow-through on the bearish outlook from last week. Instead, the index increased after the market opened on Tuesday. Following this, the index entered a consolidation period. Moving into next week, it appears that the bulls remain in control. The index is expected to push higher, targeting the 1637 area.
FKLI Week 23 2024: Pullback to continue.KLCI is expected to continue lower as it remains under pressure at the current level. An attempt to push higher on Friday failed, resulting in a bearish key reversal. A drop to the 1587 level is possible. If this level doesn't hold, the next target would be 1565.
FKLI Week 22 2024: Pullback in the making?Last week, the KLCI appeared to hold within the 1620-1618 range. However, a bearish candle on Friday and an overall weekly bearish key reversal candle are concerning. Ideally, we hope to see the index bounce higher to the 1625 level before potentially declining further, first towards Friday’s close and then even lower to the 1608 level.
FKLI 4Yr Plan (2022-26): Retest ATH by 2026 *if no USD Collapse*$FKLI
FKLI recovery map (2022-2024/26)
Dec'22:
Bounce continue post-GE
mid'23: reclaim 1,598
end'23: reclaim 1,698
mid'24: retest 1,600 from 2023 peak
mid'24-early'26: reclaim 1898...
@ 2026, what's next?
case A: Fed cont QE, ATH or new ATH on inflation
case B: Dollar collapse, world plunge into abyss.
thanks for reading my crystal ball analysis lol 🔮
see you in 2026! 💫
FKLI TRADING : 331) when fundamental clashes with technical...this is number 331...
As a summary of what had happened in the full-month JUly, the first half was similar to fcpo, which was a downtrend frm 1460 to 1412.50. Then it started to rebound and hit 1480 first, retraced back to 1460 before hitting higher and yesterday reaching 1500 resistance. Technically speaking, fkli-July has shown series of movement which created NSH-HL-NSH which indicated that the trend had reversed into uptrend. Hence, going into August we should aim for "long on retracement"...look for support at 1480 and 1460 and any signs for rebound frm thr like Double-Bttm or stalled bar candles at very tight range...
However, the fundamental speaks differently. With Nancy Pelosi current visit to Taiwan, thr was fear of retaliation action frm the Communist friend(btw, if you dunno who is Pelosi, search google). Everybody is holding their breath right now. Are we at the brink of WW3? nobd is sure of that. Hopefully not. SO, follow up with what is going to happen with the visit and for Malaysia's own news, wait for announcement of General Election or interest rate hike. Fkli is very sensitive to news-event, therefore fundamental such as news and any major events might trigger some selling/buying pressure. When the so-called "bad-news'" has subsided, I would choose on "buy on dip".
higher resistance : 1520-1530
resistance : 1500
immediate support : 1480
lower support/ : 1460
WARNING!
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