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East Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil FuturesEast Malaysia Crude Palm Oil Futures

East Malaysia Crude Palm Oil Futures

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FEPO1! trade ideas

FCPO Wyckoff Re-accumulation : Spring Formation1. Price consolidation starting July 2021. 2. Automatic Rally (AR) with a large price drop to establish the support. 3. FCPO created ATH shows Sign of Strenght 4. Multiple Formation of Secondary Test (ST) with significant supply volume. 5. Noticed formation of the uptrend channel. 6. On 20 Sept 2021, the price drop significantly and close above the AR/support area with moderate volume. This is a good sign for bull. 7. Price will break the resistance to continue higher.
MYX:FCPO1!Long
by ArifHasbollah
FCPO TRADING : 301) consolidation and a bearish gartley patternthis is haidojo and the number is 301 ... today is 14th Sept 2021 and fcpo-nov21 is going to end soon. In two days or less, fcpo-dec21 is going to emerge as the new third active month. We have been in this sideway since the retest of the high near the end-of July 2021. It is almost 2 months now. Adding on to the chart is that, now we are having an "ascending triangular pattern" which could break on either side. If the price breaks below the previous higher-low at 4100-4180, then we might have risk a reversal to the downside. If the uptrend continues, then the price will move towards the previous high ranging frm 4476-4525 and even break the recent high of 4560 and create a new structure high. Sideway is bad for my trading style as I trade following the trend. So as u see, there is a bearish gartley pattern but pls DON'T enter now as it is a late entry now. ...and I don't trade advanced pattern in fcpo...because there isn't much advanced patterns in fcpo. Average 8-10 trades per year. Don't trust my words 100%, go test for urself. Believe ur own eyes and brain instead of senseless rants I am saying here. Do the same thing to the rest of the "gurus" out there. As recently, I see more and more unlicensed, marketing gurus try their very best to pretend as traders and trading masters. You probably ask, " How do you know? How do you know they are not real? " Answer, "It is simple. Look at what they promise u. Normally 3 things. 1. U can learn trading fast. 2. U make tons and tons of money with little or less experience/modal. 3. There is ONLY ONE way of trading, which is their way. They hold the "holy grail/loopholes" in the system and if u use other method, u are going to lose money." I know some ppl don't like this kind of comments, but for whatever reason, I think I need to warn ppl especially frm Malaysia, as I see more and more ppl claim they are this ...they are that...but when prompt to show their trading records and such, they will start gibbering. If they are those who really been through the trading struggles and live to share their stories and experience, I welcome these ppl. They are the light at the end of the tunnel. PLiz don't hide behind the mask of a trader whose real identity is a marketer who sells course for a living...I have been scammed many times by these marketers pretending as traders therefore I despise these ppl so much. It is already a troubled time. Don't add burden to the ordinary ppl and those who really try to seek the way to trade for making a secondary income. 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) immediate resistance : 4300-4335 support : 4100-4180 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!
MYX:FCPO1!
by HAIDOJO_trading
1
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.
MYX:FCPO1!
by ArifHasbollah
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.
MYX:FCPOU2022Education
by RozaniGhani-RG
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.
MYX:FCPO1!
by ArifHasbollah