KLCI down to wave E of (Red circled) triangle. 9/May/22.KLCI Index seem like still on its last leg to complete wave E ( Red Circled ) of a triangle /diamond pattern..Where price could reach at around 1490
FKLI1! trade ideas
KLCI index probably done bullish triangle. 29/April/22KLCI possible have completed its bullish triangle pattern ABCDE (Red Circled ) (Highlights Zone). Price now in consolidating stage building a “Rocket” “Base” @ : - 1) Volume Profile POC ( Red Thick Horizontal line) , 2) Volume Weight Average Price ( yellow thick line 3) Price at Previous Supply Zone Flip to Support..AND before launching to the moon! Possible breaking 1620 and ATH @ 1900! Within 3-5 years...
FKLI TRADING : 322) sideway : boring yet dangerousthis is number 322...
Today is 4th Apr 2022, and fkli-Apr22 is in a short-term uptrend since 8/9th March22 when it hit the bottom at 1518-1526 support. After potentially having a LH (Lower-High) on 1st April 2022 and a ISL(Initial Structure Low) on 29th March22, it is more likely that the price will go downhill after this.
In order to reverse this, price have to move and break abv 1612 and stay abv it...until then, still downtrend. Daily chart has been sideway ever since June 2020. The huge range now is ranging frm 1480 -1612. 1480 is proved to be a critical support level and below this level are 1413 and 1360 levels which are not commonly seen unless there are some real unusual and bad situation.
As for the fundamental part, watch closely to what is happening to the northern countries and war-infested regions. Hopefully it will stop at one point and don't go further into a worldwide issue. You know what I mean, World Web 3. As for the local, watch out for announcement of GE15 (General Election), as it will stir up the market a little. I am betting our dear Price Manager will do whatever he can to stay in power and delaying the GE into yr 2023.
resistance : 1600-1612
support : 1570-1578
critical support : 1480
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*
Klci moving slowKlci are moving slow uptrend . Its time for looking some good fundamental company stock .
FKLI TRADING : 320) technical rebound?this is number 320...
Today is 25th Feb 2022, and fkli-feb22 is in uptrend ever since the beginning of the month. The huge bullish bat pattern is no longer valid as the leg A is violated. After a break of bad news yesterday, today we could see a fast and furious recovery up to 30pts today. However, whether this recovery is real or is it just a spark or technical rebound is still unknown.
As for the fundamental part, follow dearly the sequence of events in the Northern and war-infested territory. If there is no worse events popping out all of the sudden, then yesterday could be a good entry timing for stocks. If the war deteriorates, then we might get the second or N'th waves of shock from the war-infested region.
As for Malaysia, now the new numbers for positive covid-19 has risen to new high but authority seeks no further of lockdown or similar action so basically it is justified and no longer bothering the fkli price. (?) Technical range and resistance level we are looking at 1600-1612 as the resistance level and support are at 1566-1570. Next level of support is at 1547, then 1516...
resistance : 1600-1612
support : 1566-1570
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*
KLCI's "diamond" seem still on process of polishing. 26/Jan/22KLCI future index price movement seem still in ranging stage where its "diamond / triangle " shape haven't formed yet for its to "Shine"?!!!
FKLI TRADING : 315) sideway/consolidation market againthis is number 315...
Today is 24th Jan 2022, and fkli-JAN22 is in consolidation or sideway play. Since thr is no bad news nor gud news, so the market has no direction in overall. Thr is an old saying in the market which rhymes as, "Market is not afraid of bad news, it is only afraid of no news". The uncertainty is killing the market now as fkli is highly sensitive to the news in the market. Gud news = uptrend, bad news = downtrend, no news = no trend. \\
As for the fundamental part, which I reluctantly admit it is feasible, in certain time, now is the time to follow the quote "before the General Election, buy the stocks; after the General Election, wait for the fall". Yes, you hear it right. It will fall.
Look at some history lessons for the past 10-20 yrs.
*Bull frm 2005-2007, 2008 election year = US Lehman's brothers collapse.
*Bull frm 2010-2014, 2013 election year, 2015 = correction year led by China stocks market bubble
*Bull frm 2016-2019, 2018 election year, 2020 = market falls due to covid-19 pandemic
So, now the next PRU15/General Election 15 is coming soon in yr 2023 since the last time was 2018 (every 5yrs we have election). Thus, the surviving strategy is sell the stocks before PRU15, then wait and see. Get in after "the fall". This is mid-term to long-term trading for stocks and some guidelines for trading fkli in short term.
Before I forget, I have a possible trade to share. A possible bullish bat pattern. The formation of D leg at 1483 and SL is 5-10pts below the X leg at 1470. This is a counter-trend trade with possible tp at 1503, 1518...
That's all for tdy. Happi Chinese New Year to all and Gong Xi Fa Cai.
resistance : 1545-1575
support : 1480-1518
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 : 313) turn over a new leaf/trend? this is number 313...
Today is 28th Dec 2021, and fkli-dec is in uptrend. However, it is unsure the direction of the trend will resume in the new year 2022 as this might be a window-dressing activities? As for me, I trade what I see so "buy on retracement" is the winning strategies now. Don't get involved juz bcox u wanto get involved or make some money. The sequence should be like this :
1) learn some new tricks on trading plan/strategies
2) do some testing on historical data first bcox anyone can claim anythg on the internet nowadays. You wanto know the validity of the plans/strategies
3) apply the correct risk reward/ money mgm on the strategies/plans
4) take out very little money to try on the strategy/plan
5) if you survive more than 3 months with positive outcomes without position-sizing, then it is worth studying at. If u can last one year with positive outcome is even better.
6) If it doesn't work, repeat.
then some ppl might ask " whr is the place for the psychology?"
my very subjective answer is " the psychology comes after u did the trading plan/trading strategies + money mgm + testing correctly".
Yes, u hear me right. With juz a gud attitude and mentality would not guarantee u will win a war. U still need "weapons" and "armors" to win a war. Those strategies and back-testing are your weapons and armors.
higher resistance : 1577-1600
resistance : 1545
support : 1480-1518
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*
KLCI.A "diamond" is ONLY for the "eye of beholder".16/Dec/21Please like , share and comments , thank you!...Our "progression" are build on "constructive criticism".. Trade what we "see" not our expectation due to bias
FKLI is ready to take offFollow 3 steps to do entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and heading to the sky
Happy holiday traders..
cheers~
The Y/Price Factor of KLCI. Where Price meet Time. 2/Dec/21KLCI finally waiting for the Speed Z-factor = delta y / delta x ...to "move " price upward....
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
The X/Time Factor of KLCI. Where Time/Price Meet. 2/Dec/21KLCI's cycle based on Moon Phase - Most human body (≈60%) AND Earth Surface (≈70%) is water... "our brain which "control" our "mind/thinking" Consist of "80–85%.. AND Finally Our Ocean Tides/ Waves - Cause by Moon's Gravity....
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
FKLI TRADING : 310) downtrend persiststhis is number 310...
Today is 2nd Dec 2021, and fkli-dec is in downtrend. After consolidation phase, now fkli-dec is in full downtrend. It dropped below the 1512 supports and and stopped at 1497 yesterday. Today, a gap down and possible rebound frm 1481.5 support. It has to break abv 1525 previous lower-high before confirming a reversal. The next level is at 1457, 1412.
As for the bearish bat pattern in previous episode, it missed the entry 1535 by a mere 2pts. Then the price rollover and fell hitting the 1st tp at 1512.5 and the 2nd tp at 1500. The next thing to watch is resistance level at 1497-1500, 2nd resistance level at 1512.5 - 1525...These are the levels to watch during rebound to short. Juz the thingy I will do, not buy call. Trade at your own risk.
higher resistance : 1512.50-1525
immediate resistance : 1497-1500
immediate support : 1481.5 (critical support)
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 is waiting to trigger update 30 NOV 2021Follow 3 steps for entry
1. 1st breakout done
2. Retracement
3. 2nd breakout and heading back to the earth
ready to back now?
let's go, traders!
FKLI done 2nd breakout and heading to the skyFollow 3 steps to entry
1. 1st breakout
2. retracement 61.8%
3. 2nd breakout
let's wait for PROFIT !
it's all about elliott waves analysis
Cheers~~
FKLI TRADING : 308) same fate, different patternthis is number 309...
Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase.
As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish bat pattern. The advanced pattern formed is however, different frm the fcpo. The kill-zone is formed in the range from 1535-1540, SL could be made 5-10pts abv it. 1st tp is at 1524 and 2nd tp 1512.5...Price has to breaks abv 1540-1560 resistance before showing any potential of reversal. That's all for tdy.
higher resistance : 1540-1560
immediate resistance : 1524
immediate support : 1512
critical support : 1480-1500 (decide full bear/sideway)
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*
KLCI may done muti-months correction. 12/Nov/211)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
FKLI TRADING : 307) bear has emergedthis is number 307...
the trend has reversed since 22nd OCt 2021. It has broken below the previous "higher-low" candlestick and therefore has reversed the trend.
SO now, the most practical trading strategy would be "short on rebound" until the change of the trend. After the short while of rebound, the market has shown "exhaustion" and now even daily chart is still in uptrend, the trend is in downtrend now and bear is in charge.
The closest support region ranging frm 1512-1524, with the critical low at 1506.The closest resistance range frm 1560-1580. Ever since the 1st nov 2021, a huge gap down has "bottled" the price into a tight range frm 1524-1544. Next level of support is 1512, then 1500, then 1480...this is a very critical support...
*plan your trade and trade your plan... gud luck*
immediate resistance : 1560-1580
immediate support : 1512-524
critical support : 1480-1500
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*
KLSE may resume downtrend @ ≈1555..2/Nov/21KLSE future index may resume its downtrend at around 1555 where this is the zone of ..1)Volume Profile's Valley ( Some traders only trade the "Peak" or "POC" of volume Profile. But the "valley" of Market profile could be "interpreted" as "Lesser" "Buyer or Seller". Depend on the "bias" of market sentiments overall trend 2)Closing the gap at round 1555 3) A minor Supply Zone (cyan) 4) A minor down trend line (yellow)
KLCI Plunged by 2.01% With Support Hold at 1520Malaysia slumped despite US markets gains as the proposed one-off prosperity tax and weighed market sentiment. However, the valuation of the local market remained attractive despite the Prosperity Tax compared to regional peers.
Market hit day low at 1523.5 and reached on the Major support level at 1520.
Stochastic level near to Oversold level at 30.00.
Pending for confirmation if market would rebound from the major support level or further declined to next Major Support level at 1500-1510?
KLCI what next after 33% affluent tax? 1/Nov/21KLCI future index is on its last leg to complete wave (E) ( Cyan /Light Blue).. The last leg of bullish contracting triangle correction. Price will rebound soon as price now close to :- 1) Volume Profile ( POC) ( Point of Control) at around 1517 AND 2) Daily Demand Zone (Cyan Rectangle Box).. 3) Dynamic cycle 4 ( cyan/light blue) reached soon 4) There is a selling Climax Signal from VSA ( Volume Spread Analysis ) on 4 hours Time Frame Chart ..
Will Futures Kuala Lumpur Index Bounce After Budget 2022?Technically speaking, market selling force remained strong despite Malaysia Budget 2022 having the highest allocation compared to previous budgets, the hurt of pandemic is relatively hard.
We shall say the Budget 2022 mainly for economic recovery and digitalization boosting.
Market likely to continue to move lower to test on the immediate support level at 1535, followed by 1510.
Maintain divergence view for FKLI, as stochastic signals downtrend signs.
While candlestick pattern shows Double Top at resistance level of 1600.
Downtrend signs remained strong, unless market starting to show rebound signs from support level at 1510 & 1535.
Oh! Futures Kuala Lumpur Index Marching to Support Level 1550?Profit taking activities and market lack of catalyst led market lower ahead of the announcement of Malaysia Budget 2022 by 29 Oct 2021.
Stochastic shows buying forces deteriorating.
Maintain short term correction view with immediate support level at 1550 and next support level at 1520.
Market may rebound after tomorrow announcement. We shall see market resume uptrend by next week.
