ArifHasbollah

ArifHasbollah Updated  Oct 7, 2021

Key to take away for Future East Palm Oil (FEPO) 1. Port of delivery location : i)Lahad Datu ii)Sandakan iii)Bintulu Port Location advantage? i) Closer to China which is the largest export for CPO. Less shipping cost for oil collection. ii) Closer to Japan/Korea/Philipines/Vietnam 2. Trading hour : 9.00am~12.30pm and...

ArifHasbollah Updated  Oct 6, 2021

1. FCPO ATH might be due to multiple factors such as manpower shortage and rainy season. Supply is not enough, demand still consistent and drives the price to go higher and higher. 2. Price almost reaches 161.8% fibo extensions. 3. PnF target is around 5113 still further ahead. 4. Price reject Gann level 4831 multiple times Condition : 1. If price close below...

ArifHasbollah Oct 5, 2021

How do normal intraday traders determine Target profit? 1. Using Win/Loss ratio? 2. Fix Certain points per day only. Using this method usually limits our profit during a strong market trend. Another way to maximize profit during market trending by rank is : 1. Wait until 15min have reversal CS. 2. Understand FCPO daily price range (Normal Trending:...

ArifHasbollah Updated  Oct 5, 2021

1. Last week price break ATH. 2. Forming wave pattern and retrace at fibo 50%. 3. Pullback and rejected at anticipated reversal level. 4. Price break downtrend line. Watch for the rejection at the resistance area. Possible false breakout or rejection for downtrend.

ArifHasbollah Sep 30, 2021

1. Re-accumulation phase seems completed with price break ATH. 2. Next phase is the mark-up phase. 3. PnF target TP is around 5113. 4. Fibo Extension 1.0 and 1.618 are nearest TP. Watch for the upper channel. The price might be stopped and fall down again.

ArifHasbollah Updated  Sep 30, 2021

1. Based on analysts, the current price is not sustainable 2. Price almost reaches ATH before decide to break higher or lower. 3. Price consolidation for a couple of months can be reaccumulation or distribution. But based on previous spring formation and LPS indicate strong buyer. Strategy: For Buy..Wait for the price pullback to 4480~4490 range..Why? 1....

ArifHasbollah Updated  Sep 24, 2021

1. Price have a large upward movement since the spring formation. 2. Expected price consolidate to establish LPS (last point of support) 3. Price expected to move within the 3 Gann level (70~80 tick) 4. Reach significant resistance.

ArifHasbollah Sep 24, 2021

1. Uptrend market structure with completed Elliot wave 1~5. 2. Price reject EMA100 3. Fibo retracement 38.2 4. Next week earning report might boost the volume.

ArifHasbollah Sep 24, 2021

1. Uptrend market structure with waves 1,2,3 and now wave#4 2. Testing EMA200+EMA100 3. Analyst TP RM1.40 and now upgrade to RM1.75 4. FCPO in re-accumulation phase possible breakout ATH.

ArifHasbollah Updated  Sep 23, 2021

1. Price at Resistance level 2. Price at the Downtrend line. 3. Price reaches max daily range. 4. 15min Bearish Harami / Inside bar 5. 5min Evening star pattern. Might be shorter trade.

ArifHasbollah Updated  Sep 22, 2021

1. Yesterday have a false breakout and price consolidation for a while. As usual, the false breakout will produce a higher magnitude of movement. 2. Today price breaks 2 resistance levels. 3. Now price rejects resistance level + Gann level with shooting star CS @ 5min TF. 4. 15min TF has a spinning top black CS pattern. 5. Since the trend now is bullish, selling...

ArifHasbollah Updated  Sep 22, 2021

1. Uptrend market structure 2. Possible pullback at Fibo retracement 0.5~0.618. 3. Stochastic oversold 1st TP is 68% 2nd TP is 112% Cutloss is 37%

ArifHasbollah Updated  Sep 22, 2021

1. Yesterday's price has a large downside movement up to 200tick. 2. Yesterday's price close with bearish CS. 3. Today price open below the 1st support area and the price closes back inside the range close the gap. 4. False breakout trade still valid as long as the price trade above the support area. As an intraday trader, monitor any rejection at 15min...

ArifHasbollah Sep 20, 2021

1. 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...

ArifHasbollah Sep 17, 2021

1. So far price has respected the uptrend channel. 2. Dec2021 contract open followed by bearish momentum after the false breakout on 15 Sept. 3. Price almost reaches the bottom channel offering long opportunities. Strategy : 1. BUY if there is reversal CS (doji, hammer, engulfing or morning star) 2. SELL if the price has a valid breakout of the support and the...

ArifHasbollah Sep 17, 2021

1. Nov2021 contract 2. Fake breakout formation 3. As usual, the fake breakout will follow by the largest movement.

13:06

ArifHasbollah Sep 15, 2021

1. Using Gann square of 9 to determine potential support and resistance level. 2. Between each Gann level has a range of 33 ticks for FCPO. 3. Combination of Gann level and support resistance to entry. 4. Knowing the market condition is a must. (either sideways or trending market)

ArifHasbollah Updated  Sep 15, 2021

1. Yesterday 15min TF consist of 3 inside up, Bearish engulfing. 2. Today's price has fake breakout when price open below yesterday low and price close back inside the range for 15min TF. 3. 5min TF has a bullish engulfing pattern. 4. Notice the bullish flag pattern. Strategy : 1. Wait for a breakout the flag pattern 2. 15min price pullback and maybe retest...