FCPO TRADING : 319) new era of 6kthis is haidojo and the number is 319 ...
Yesterday, 24th Feb22 marked the darkest hour in history as Russia engaged a massive full-attack on Ukraine and this triggered fcpo-may to peak at its highest at 6470! The highest price ever in the history, so far. At the time as I wrote this, fcpo-may is facing a hard profit-taking activities and plunged into 6140 region ald...So, if I were to trade, I shall temporarily go for "short" after the event of war but fcpo-may is still in the uptrend for the medium to long-term. Until further support levels are broken. It is still unsure if the event of Russia-Ukraine war outbreak will contain in the North region only or the malicious arm of war conflicts would spread to other parts of the world if NATO or the allies seek retaliation.
Thus, back to technical price, fcpo-may seeks the nearest support levels ranged frm 5980-6090, the next proceeding levels range frm 5700-5778 and the strong support and critical support range frm 5380-5500. See if those levels are broken, then we might have encountered some reversal of trend.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 6340-6470 (NSH and also new historical high)
support : 5980-6090
lower support : 5700-5778
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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!
Malaysiastocksmarket
FCPO TRADING : 312) possible bearish bat pattern in sideway mktthis is haidojo and the number is 312 ...
Today is 28th Dec 2021 and fcpo-March22 is the new active third month. This is my second post after the commencement of the T + 1 night trading since 6th Dec 2021. Night trading is not that merry, but it is still too early too say. The impact on the fcpo market is still mild but it has great effects on the traders who already trade full-time/part time especially those who have other side income other than trading fcpo. Time management becomes crucially important as they have to devote their night time frm 9:00pm-11:30pm as well. Unless u juz trade certain sessions eg for me, I juz trade the morning sessions and go to work in the evening and night time. This however posts some gravely side effects as when the trend comes, I have to monitor frm time-to-time tru other apps...highly recommend "wen hua chai jing",,,u can get real-time charts and functions...
Back to our business here. Thr is another thing to watch out. A possible formation of bearish bat pattern. The killing zone is somewhere around 4845-4850, SL could be put some 20-30pts abv the entry and 1st tp 4760 and 2nd tp 4630...that's all for this year. see u next yr.
Merry Christmas and Happy n=New Year!
*plan your trade and trade your plan... gud luck*
resistance : 4755, 4850
support : 4630, 4560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , cryptos, warrants, CFDs, spreads, options 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 : 300) head and shoulder patternthis is haidojo and the number is 300 ...
today is 2nd Sept 2021 and fcpo-nov21 is still the active third month.
so u will see a huge head-and-shoulder pattern in hourly and daily charts. IF the neckline/blackline is broken, THEN we have a confirmation of reversal and we can start turning to short on rebound as our strategy. the support level to take caution is between 4180 - 4090...almost a 100-pts range. next level of support to look at is 3880.
however, IF this level holds and the neckline is not broken, THEN it will most probably search back retest at 4300-4335. My biased opinion is we have a pretty high chance of witnessing a breakout today and it could be a gap down too. haha, juz my wild guess.
fcpo price has been hovering in the high (4476-4560), the record high since the end of July 2021. SO it is more than a month now. we got some chance that the market is having some kind of new move right now. Tug-of-war between the bear and the bull has to come to an end. The winner will appear pretty soon. IF they fail, THEN the buffalo will remain in charge. Buffalo? Yes, it stands for sideway market. Heavy and not moving.
that's all for now, folks. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated.
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4560(the record high)
resistance : 4300-4335
immediate support : 4180-4190
lower support : 3880
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures, cryptos, warrants, CFDs, spreads, options 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 : 295) uptrend still intactthis is haidojo and the number is 295 ...
after a retest of the historical high 4430-4525 which was failed at the end of July, yesterday we could see that the bull has not given up yet...
close to 170-180 pts rally up yesterday shows that bull still wants its share in the fcpo market. However, whether the uptrend momentum will continue or not is still a questionable quote. As the momentum of uptrend has a powerful swing yesterday, a few scenario might appear today. Either continuation of the momentum or the exhaustion and reverse.
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4525(the record high)
immediate support : 4080-4190
lower support : 4050
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 : 287)reversal signal is confirmedthis is haidojo and the number is 287 ...
welcome fcpo-aug and gudbye fcpo-july! after hitting the historical high last week wednesday at 4525 on 12th may 2021, this is the highest point fcpo ever reached in at least the past 13 yrs...! Ever since 2008, fcpo finally reached back to this level together with the commodities boom which is happening worldwide...(ironbar, soil bean, etc...)
before we have the time to celebrate, the price started to drop and this week, fcpo-aug has not only violates one, but 2 critical supports of 4335 and 4180...the next level of support is ranging frm 3880-3920...(this is not an indication of buying at support, dun do counter-trend trade if you have never tested it)
the chart actually shows the movement of the price in a line...and then also the price action such as HH_HL_HH for the uptrend, then suddenly the formation of ISL_LH_LL which indicates the change of the trend has happened...(If you dun understd what alien language I am writing, pls look at the chart)...
So now short on rebound is the best offer frm market...
*plan your trade and trade your plan... gud luck*
higher resistance : 4486-4525 (new record and the highest point since 2008)
resistance : 4300- 4335
immediate resistance : 4180
immediate support : 4070-4085
lower support : 3880- 3920
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 : 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 : 265) a breakout frm head-and-shoulder patternbased on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high,
but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached 3460...meaning that the 3500 support no longer valid...next level of structural support is visible at 3200-3300, although there is some support in 3420, let's see how it holds against the bear...
officially, a lower-low is formed in hourly chart and a breakout frm the neckline of head-and-shoulder pattern indicate a strong sense of reversal to the bear...
we are expecting a series of breakout to the downside and short on rebound is probably the market's offer right now...
PS : some ppl/traders try to get involve in every single movement and expect themselves to be profitable every single time, that is ridiculous.
u either follow the trend (trend-trader) or u do counter-trend trade (advanced patterns)...it is very rare that u have a strategy which works on both side...so stick to one...be safe...
*plan your trade and trade your plan... gud luck*
immediate resistance : 3540-3560
higher resistance : 3560 -3720
support : 3420
lower support : 3200-3300
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 : 253) downtrend this is trade 253 frm haidojo trading...
today fkli-jan has come to 1573-low again...so, it seems like option 1 hits the right track...
1) price moves lower and hits lower than 1573, then downtrend... ...quote frm earlier trade 252)...
if you haven't watched it, you could look at it at the link at the bottom...
a few scenarios to think about, in the next episode:
1) nose-dive drop frm current price to 1550-1545, next level of support
2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low...
3) retest high ranging frm 1593-1604, but go sideway...
4) retest high ranging frm 1593-1604 and moves higher to 1615, going higher and higher...
Personally, I am in favor of option 1) and option 2), since the market has turned back into downtrend...so now short on rebound is the best offer frm the market ...
technical analyst basically is for predicting the future movement of the price so as we are able to trade them in our favor...hence, putting a few
options allow us to prepare for the range of possibilities that might come out and preventing us frm being caught at surprise by market...
*plan your trade and trade your plan... gud luck*
resistance : 1615
immediate resistance : 1593-1604
immediate support : 1572-1580
lower support : 1545-1550
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*
FCPO TRADING : 250) downtrend persists, bear is in-chargethis is haidojo and the number is 250 ...
as for the new arrival of fcpo-apr, it still doesn't turn over the downtrend, which means, it is for real....not a quick retracement...
As for today, another critical support has been broken...a "higher-low" in daily chart...(needless to argue, if you don't trade this method, stick to your method)...
Significantly, it means, market will continue sliding down...fast or slow? you will know ...
lesson learnt here is...when the market is on some kinda trend, dun go fight against it...unless, of course, if only the price-action shows u some
"clues"... 3320 support is officially broken...
next level of support is ranging frm 3145 -3200 (again, if u dun trade this method, stop wasting ur time arguing with me, stick to whatever plan u are doing)
*plan your trade and trade your plan... gud luck*
highest resistance : 3464 (might reverse bear trend)
resistance : 3320 - 3464
support : 3145-3200
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 : 248) option 3 + option1 this is trade 248 frm haidojo trading...
none of the situation stated in the previous trade 246) has really 100% occurred. More obviously, it is a combination of option 1 + option 3 ...
1) fkli-jan shoots up to test 1650 resistance; I dunno what is the reason, perhaps with mco announcement, the worst has gone?
3) after hovering at 1615 support level , price shoots a bit higher at 1632-1634 and forms a "V-shaped" Double-Top...THEN? more sideway...
-----quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
SO, what really has happened in the past few days? First, fkli-jan inches up higher to 1632-34, then sideway for a while before hitting higher at 1650...now, it is hovering at 1625-1635...what's next?
1) continuation of uptrend back to 1650. Then? sideway
2) continuation of uptrend back to 1650. Then? test higher at 1685-1700 the Dec 2020 high
3) slipped back to 1615 support but rebound immediately to 1650
4) slipped back to 1615 and goes lower to 1595-1580...(if the price breaks below 1580 then trend has reversed)
the analyst is not for impressing anyone, juz for fun...if it doesn't match anything on Monday, it only proves that I don't have any magical crystal ball...however, if thing turns out to match some of the analyst, pliz like, share or comment...
* plan your trade and trade your plan... gud luck
resistance : 1685-1700
immediate resistance : 1650
immediate support : 1625-1635
support : 1615
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 Q1 Outlook: Sideways-Up to ATH 4.4k-4.8k 📈🐮Technicals
Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range)
Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection)
👇🏻 Prev idea on potential CPO New Bull Cycle:
👇🏻 Dec Bullish Call on CPO:
🔔 Q1 Risk Factor to Watch:
Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US President transition, US-China trade war (soybean oil deals), Geopolitical tension in Iran/Taiwan
I'm Long bias for FCPO in 1Q2021, looking to initiate Long positions shall Major S holds.
Happy Hunting! 🥂🚀
-jk-
FKLI TRADING : 244)option 3. reversal has happenedthis is trade 244 frm haidojo trading...
Frm trade 243 previously, option (3) has happened,
3) market retests 1615 and reverses upward...possible reversal has happened...trend changes to uptrend... ...quotation frm previous episode, if you haven't watched it, you could go tru it in the link below.
Friday's analyst is important as it helps us to prepare for what might happen on Monday... so it is possible a reversal has taken place...
long on retracement is the winning edge...
What is expected on Monday?
---1) straight shoot-up to test 1650 resistance
2) lower a bit to 1625-1620, then sideway for a while and rebound to resistance 1650...OR
3) lower a bit to 1625-1620, then sideway for a while but falls back to 1615...
4) sideway, sideway, and...sideway...the way fkli likes to fool on us...haha... :)
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
resistance-turn-support : 1615
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 : 242) retest 9yrs high at 3890-3967this is haidojo and the number is 242 ...
as predicted earlier on 4th Jan 2021, fcpo-march persists in uptrend...
now, the next level is challenging the Feb 2011 high-3890-3967, the price which has not appeared at least in the past 8yrs++,close to 9yrs.
If this level of resistance is breached, then fcpo is looking at the 12-yrs historical high ranging frm 4334 - 4486, the peak which
has never been reached ever since March 2008...
Ok, after some brief history of price, let's talk about what has happened today(6th Jan 2021).
after a brief retracement yesterday, fcpo-march continues its marching to climb higher at gap up 3775 (20pts gap frm closing yesterday 3755)
and closed at high of 3877...up 122pts today...
needless to say, best offer frm the market : long on retracement, DON'T go for counter-trend, unless u hate your money bcox market could still gap up and go up the next day...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3800
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!