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East Malaysia Crude Palm Oil Futures

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FEPO1! trade ideas

FCPO TRADING : 333) bracketing market (II)this is haidojo and the number is 333... "why reality in trading is much harder than those you see in advertisements? ". "Those ads which showed you it is very simple. JUz try these 3 simple steps and u can make millions." "made your setup, went shopping, then when u came home, you ald made some profits." "...and dun forget those who showed you lamboghini, bikinis, lavish life-styles or traveling around the world with juz internet connections and your device to connect to internet". "Well, the answer is simple." "They forget to tell u that there are drawdowns. They forget to tell u that part of the trades are losers. Sometimes, market doesn't behave like what u expect it to. Actually, market always does whatever it wants whenever it wants."\ SO, back to reality. In August, fcpo-OCt/nov hit the highest point on 12th Aug. When everything seemed like it was going to move higher, then it reversed and went down. The "orange" circle that u see was a false breakout. After that, we had several attempts to retest 4330 resistance but it failed and rollover all the way down. Till now. Today is 9th Sept 2022 and we anticipate the price to break lower to the downside, exiting below 3500 and testing 3350-3300...and of course, see if market got throw tantrums and behaves oddly. Fingers cross. **plan your trade and trade your plan... gud luck** resistance : 4180-4340 current support : 3500-3600 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… this is not a signal service channel and DON'T TREAT IT LIKE ONE! TRADE AT YOUR OWN RISK!
MYX:FCPO1!Short
by HAIDOJO_trading
2
FCPO 9 Sept 2022 : Trading Plan for noon sessionLarger TF : 1. Based on a bigger trend is a downtrend. 2. There is a chance price to form Trading Range for accumulation or redistribution. 3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook. 4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST. 5. If the price jump, the nearest TP is Fibo 78.6 1min TF : 1. Price cross EMA21 = SW 2. EMA21 flat = SW 3. MS buy still intact until its voids the structure. 4. Price still in TR 5. Notice price keeps pushing lower indicating strong seller in the market. Decision : 1. Possible price will make UT/UTAD/fake breakout before continuing its journey. 2. Wait until it breaks on either side of the TR with the new market structure.
MYX:FCPOX2022
by ArifHasbollah
FCPO Contract Month Watchlist TutorialThese are the steps shown in video to make FCPO Contract Month Watchlist. 1. Open FCPO1! Chart 2. Check latest contract month 3. Open Indicator 4. Search for FCPO Contract Month Table 5. Take note the latest contract month, example X 2022 6. Select X and 2022 from setting 7. Open other live chart 8. Create new watchlist 9. Set Frequency to All 10. Set alert 11. Set condition 12. Clear Alert Name 13. Click Create 14. Export alerts log to a CSV file... 15. Save csv file 16. Open csv with notepad 17. Remove necessary code 18. Save as txt extension 19. Import list 20. Done I may do other watchlist such as Sharia market, future etc. Thank you.
MYX:FCPO1!Education
by RozaniGhani-RG
1
FCPO - Bearish flag pattern breakoutComment : 1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag. 2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept. Support & Resistance: R : Resistance A S : Supporting B & 2125 DISCLAIMER : Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
MYX:FCPO1!Short
by TheWinningDay
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
MYX:FCPO1!
by Karkoon
Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction. In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
MYX:FCPO1!
by Karkoon
Bullish for Malaysian Crude Palm Oil Hello there. This is what i found in the harmonic trading perspective in a close up market. 1. Bullish harmonic pattern which indicates the sign of reversal in opposite. 2. Expectation of price to do reversal in the area of RM4286-RM4577 Worst case scenario, it will move downwards up to RM3000-RM3600. In addition, let me add up some "spices" When the harmonic traders decided to make a decision within the extraction of reversal area. They must also decide to put their "optimal price" as their backup plan to avoid losing all of their money. Which is im going to share with you guys of how harmonic trading could help us by making a complete decision(EP,TP,SL) And also, always remember that the market doesn't favor with your decision as well all the time. So trade safe & control the risk. This is just an idea for you to analyze. Please stay safe, control your capital & trade at your own risk.
MYX:FCPO1!Long
by zhafrihandsome
FCPO TRADING : 330) bracketing market this is haidojo and the number is 330... First half of July month, it was a downtrend. Frm the low of 3500, it rebounded to the 1st high at 4080, then another round of selling to hit 3636-3700, another rebound came and hit higher at 4310 at the end of JUly, which is exactly the same high as the previous high at 4300...now, we wait for breakout of either side to confirm the trend...IF it breaks abv the high of 4300 and creates higher-high, THEN new uptrend has emerged. IF it falls below the current support of 3600-3700, THEN the price will fall further and recent rebound is a false alarm. **plan your trade and trade your plan... gud luck** resistance : 4240-4340 current support : 3500-3600 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 …this is not a signal service channel and DON'T TREAT IT LIKE ONE! TRADE AT YOUR OWN RISK!
MYX:FCPO1!
by HAIDOJO_trading