FCPO 13 Sept 2021 : Trade 3 Inside Up1. Price break down trendline.
2. 3 inside up CS pattern at 15min TF.
3. 5min TF breaks market structure when price break the nearest resistance.
Strategy :
1. Wait for pullback and rejection CS @ 15min TF.
2. Potential buy zone at confluence area of uptrend and downtrend line.
3. another potential zone is when the price rejects EMA14 at 15min TF.
FCPO1! trade ideas
FCPO 13 Sept 2021 : Reversal CS at Gann and Resistance Level1. Price rejection near the resistance + Gann level after upward movement
2. Trade bit risky because the price is able to break EMA14+EMA50.
3. Set sell limit order at the open of bearish rejection CS.
4. Stop loss order is 1 x ATR from 5min TF = 16tick from highest rejection CS.
5. Target profit is at the nearest support or when 15min have bullish reversal CS.
Outlook :
1. Since price break EMA50 up and down area means the price will be consolidated for time being until break either support/resistance.
2. Trading range around 60~100tick.
Bullish Shark Within Bullish ChannelFrom this chart, can be found that Bullish Shark Within Bullish Channel.
This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney.
Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather as confirmation to show that price will go up.
To simplify, M pattern within Ascending Channel indicates that price will go up in continuation.
Noted that Shark is Harmonic Pattern that use Reciprocal AB=CD.
You may refer Link to Related Ideas for more information.
Thank you.
Potential BAMM Using Secondary Derived Retracement 0.382Potential BAMM is found using Secondary Derived Retracement 0.382 from Point B at MYR 2211 .
Expected PRZ at MYR 3192 within the next 469 days.
Related :
Bat Action Magnet Move BAMM Theory Educational (Source Code)
Harmonic Trading Ratios Educational (Source Code)
FCPO 10 Sept 2021 : Break supportFCPO is dynamic..
1. Yesterday's price have a strong bearish movement in the morning session followed by rejection in 15min TF and formed a tweezer bottom at 5min TF.
2. Bullish does not have momentum after 15min TF has a bearish engulfing pattern.
3. Price rejected EMA14 multiple times with a bearish engulfing pattern indicate strong sellers.
4. Today morning price has another significant bearish engulfing and rejected again EMA14.
5. Price break support zone shows strong seller.
The entry :
1. Confirmation price breakout support @ 15min TF.
2. 15min price pullback with rejection CS
3. 5min have a bearish engulfing pattern.
4. Set sell limit order at the open rejection CS of 15min TF.
5. SL set using 1xATR for 5min TF from the last high of rejection CS.
FCPO 9 Sept 2021 : Trade Tweezer Btm1. 15min TF have doji CS indicate indecisive condition. The next candle after Doji usually determines the next trend.
2. 5min TF have form tweezer bottom. Testing same level 4367.
3. Both TF have oversold stochastic. Higher probability for an uptrend.
4. Bullish trend will be strong if there is bullish engulf for 5min TF.
FCPO 9 Sept 2021 : Price back in range1. Yesterday's price was able to break the significant resistance.
2. Price in the previous range zone from 4413~4560 (134 tick range)
Strategy :
1. Wait for price pullback at the potential support area.
2. Look for bullish reversal CS pattern at 15min TF.
3. Entry confirmation at 5min TF when there is morning star/hammer/Bullish engulfing pattern.
4. Limit order at 5min TF base on interesting risk and reward ratio.
FCPO 8 Sept 2021 : Trade Morning Star1. Yesterday price breakout high of 6 Sept
2. Yesterday Rejection CS at 15min TF.
3. Yesterday 5min have a Morning star candle pattern.
4. Today 15min CS has rejection with bullish CS.
5. 5min TF have bullish engulfing with a hammer.
6. 15min TF reject EMA14
7. 5min TF reject EMA50
Repeat the same strategy all over again.
FCPO 7 Sept 2021 : Trade Hammer1. Yesterday's price breakout the resistance.
2. Price pullback to the support area 5min TF.
3. 5min CS Hammer pattern followed by bullish engulfing.
4. Price near Gann level 4324.
We trade after a bullish engulfing pattern and hit TP @ 4371
Another opportunity if
1. 15min TF has rejection CS near EMA14.
2. 5min Reversal CS pattern + engulfing.
FCPO 3 Sept 2021 : Breakout trendline1. Yesterday's price formed a triangle pattern and breakout.
2. Price did breakout trendline and retest supply zone.
Strategy :
1. Expected price will retest the trendline before continuing uptrend.
2. Wait for bullish engulfing CS at 5min TF with bullish CS for 15min TF.
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!