FKLI TRADING : 289) consolidation phasethis is number 289...
gud news is, both the previous advanced patterns hit their targets...(check back 286 and 285 for detail)
bad news is, fkli-june is still in sideway market...
If u play with trending strategy, this is the worst case scenario to work with...however, advanced patterns could save the day...
as the saying goes " consolidation breeds advanced patterns" ...
so either we wait for more advanced patterns to come...or wait for breakout...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
higher resistance : 1592-1597
immediate resistance : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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
FKLI TRADING : 286) bracketing market with 2 advanced patternsthis is number 286...
as a continuation frm previous 285) episode, I would like to suggest another advanced pattern to look at, a bullish bat pattern...
the formation of leg D is possible at the critical support near 1550, which is at 1553-1548...
SL can put a few points below that, 1st tp 1575, 2nd tp at 1586...
So, by putting the 2 advanced patterns together, we successfully bracket the market with short range frm 1586-1592...
and bullish long frm 1548-1553...this is a pretty gud strategy to use during consolidation phase...which the market is going tru right now...
Again, pls get your trading plan first if you have none...this is crucially important if you treat your trading like a business, not gambling...
if you have no idea what is the winning rate/losing rate of this trading method, and what is the worst-case scenario, how it performs in the long run, dun trade this method...use anythg that u are familiar with, that u know the risk...alwaz be careful with those who promise u stars and moon, and a guarantee "quick-fix"...as thr is no such thing in trading industry...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1586-1593
support : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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 : 285) a tiny-winy bearish gartley patternthis is number 285...
it is unbelievable...but 1550 support still holds...the longer the price lingers in this region, the higher the chance of the fkli-may to rebound...
for real...now we might have a small chance of trading sideway market...a bearish gartley pattern...it is actually a deep gartley...
short position at 1586, SL at 1590...a really tight range...1st tp is possible at 1575...2nd tp at 1570...\
if you dun trade advanced pattern, dun do it now...if you have no trading plan, find one...if you have never tested any strategy that I have mentioned, dun trust me 100%...trust your own testing and your own eyes...this is not a trading signal channel, dun treat it like one...
I am not responsible for any of your loss...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1586-1593
support : 1575
critical support : 1550 (the-hasn't-broken-and-possibly-never-will-level) also the lowest-low so far
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, crypto, commodities 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*
May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds , albeit weekly close below ema100 (~158x area)
❇️ Fundamentals:
Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.
❇️ Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
FKLI TRADING : 283) after a false breakout, then heading souththis is number 283...
resuming the analyst frm the previous month, it is proven that the false breakout on 26th Apr was a mere "window-dressing" of the month...
right after that, fkli-apr and fkli-may are in total downtrend...today, it has broken below the support of 1593...
now that 1593 has turned into resistance already...the next level of support is at 1575...then 1550...this year-low so far...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1593
support : 1575
critical support : 1550
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*
May03: FKLI (Weekly) - Sideways-Up, Major Range 150x-170x 📈📉Major Support at 150x-3x still holds, while price struggling above weekly ema100 (~158x area)
Expect further sideways-up movement if major support holds, possible wedge pattern in formation.
Watch: Immediate R @ 169x-172x
Happy Hunting! ⭐️🚀
-JK-
FKLI TRADING : 282) gartley is invalid, trend is upwardthis is number 282...
leg X of the gartley pattern is violated, so this pattern is no longer valid...
next move we are anticipating the market to retraces back a bit before moving higher to 1634 resistance...
so let's see what is going to happen...the trend has reversed into uptrend...
even though it could juz be an end-of-the-month window-dressing...
however, trade what you see, not what you think...
*plan your trade and trade your plan... gud luck*
resistance : 1634
support : 1612-1617
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 : 280)after bat, thr is a gartleythis is number 280...
the bearish bat pattern is still ongoing, but now it is added with another possible short position --which is a bearish gartley pattern...
short position entry is possible at 1612, SL abv that level...1st tp at 1594, 2nd tp at 1576...
of course, that is my opinion...this is not a buy call or sell call...pls do not follow...
that's all...
*plan your trade and trade your plan... gud luck*
resistance : 1606-1612
support : 1594
lower suppor t : 1576
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 : 277) bat pattern side-by-sidethis is number 277.
first of all, previous bearish bat pattern is invalid bcox the leg A is violated...
now the most current one is ...still a bearish bat pattern...after the impulse leg X and A, then we have leg C formation which forms a higher-low, therefore bearish bat entry at 1606, SL abv 1612, 1st tp 1585, 2nd tp 1576...
see how this work out bcox the previous bat pattern, short entry didn't hit the level bcox it "costant"/reversed at 1612, a few points before the entry...
*plan your trade and trade your plan... gud luck*
resistance : 1606-1612
overhead resistance : 1585
support : 1550-1560 (lowest-low this year)
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 : 276) downtrend is confirmedthis is number 276 and first of all, the huge barrier of 1550-1650 range is still not broken yet...
recent move, the highest-low 1601 is violated and broken lower, therefore confirming a downtrend...the new low is 1586...
so it is possible to form advanced pattern again...sideway market which slowly going down...
a possible formation of bearish bat pattern with entry at 1620, SL at 1630, 1st tp at 1603, 2nd tp at 1586...
see how it will pan out...
*plan your trade and trade your plan... gud luck*
resistance : 1632-1648
resistance : 1616
lower support : 1575-1588
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 : 275) at the crossroad...again?this is haidojo and the number is 275 ...
since we entering fcpo-june, fcpo price has been trading in sideway position, still indecisive of the trend.
basically, the price has broken below the critical support of 3830-3880 support level, thus, it is in downtrend...
however, it is not directional in any significant way...juz goes up a little higher, then a little lower...
so now it has entered a boring "sideway" market...
probably waiting for appearance of advanced pattern...advanced pattern is very rare in fcpo, juz a mere 6-8 trades in a year!
yes, it is so rare that I basically give up trading advanced pattern in fcpo...but if it appears, I can still pinpoint them to u...
u know, juz for case study...
*plan your trade and trade your plan... gud luck*
resistance : 4062 - 4176
support : 3830-3880
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!
274) uptrend is gaining/losing momentum?fkli has been sideway for 3 days, if this level of 1616 can hold, then it might re-challenge the 1632-1649 level,
if this level cannot hold, then it will retrace back to 1588-1576 level...
fkli has been trading sideway since day-One in year 2021...look at the daily chart and you shall see what I mean...\
the price juz move frm 1550-1650...with market still cautious about the impact frm covid-19 and the sentiment is still weak...
so trade accordingly and stick to ur plan...u gonna need that to win this...
*plan your trade and trade your plan... gud luck*
resistance : 1632-1648
support : 1616
lower support : 1575-1588
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 : 272) uptrend persists
this is haidojo and the number is 272 ...
after hanging in tight range for a few days, fcpo-may has stricken again!
the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase...
what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm 3830-3880...
again, we have entered into the territory which was only appeared some 10 years ago...! Yes, the price which only showed up in 2011...
now, this time it is unsure whether fcpo will shoot all the way up to challenge those level again...or subdue to the selling pressure...
we anticipate the price to retest the level of 3890 - 3967...(You can look back in Jan 7th 2021 episode in the link below)
however, something to take note is...fcpo-may is going to end soon...it will expire in a few more days...until next Tuesday, on 16th March 2021, then the new fcpo-June will emerge...whether fcpo-june will continue this bullish sentiment or sudden reverse to the bearish call is still too early to say...let's see what is expecting us next week...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3830-3880 (resistant-turn-support)
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!
FKLI TRADING : 271) possible reversal to the upsideafter almost a week of sideway, we could see a higher-high abv the 1576 resistance-turn-support level
and tmr we might witness the reversal to the upside either slowly...or aggressively trying to hit back the next level at 1615...
although commonly the movement to the upside will begin afterwards, but the reversal is yet to confirm...
*plan your trade and trade your plan... gud luck*
resistance : 1615
support : 1575
lower support : 1545
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 : 270) analysis hourly chartafter breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart...
if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't stop at all...it is pretty scary, etc... but as long as the critical levels are not broken, then we are still in the bull territory...
however, if the previous low at 3600 is broken, then...the trend has changed...it has to be lower-low, lower close...not juz the "whiskers"...
lower support after the breach of 3600 then we shall seek some support around 3540, then 3463-3500...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600 the closest higher-low
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!
FCPO TRADING : 269) analysis daily chartfrm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range...
as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the lowest-low this year-2021... (lowest hit 3166 actually) and see if it is breached and forms further low...
of course, all these numbers are too huge and requires a scrutiny to hourly chart to breaks it down...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600
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!
FCPO TRADING : 268) 2 updates
long story short---2 updates...
1) bearish cypher pattern becomes invalid as the X leg is violated...
2) the resistance level of 3720 has been breached...so long on retracement now...bull is back
*plan your trade and trade your plan... gud luck*
resistance : 3830-3880---previous high
support : 3720 resistance-turn-support
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!
FKLI TRADING : 266) false breakout to the upsideafter getting "stuck" at 1615 for 2 days, fkli-feb turned to the downside, and now we are at a crossroad...1575...
if the price rebound frm here, then we might see a sideway movement or continuation of uptrend...but further below this
then the price creates a new structure low and will continue further down...
bcox the daily chart is still in downtrend, therefore I am of the opinion that the price will move further down...
*plan your trade and trade your plan... gud luck*
resistance : 1615
support : 1575
lower support : 1545
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*