Fcpo!
FCPO BONDO SETUPThis is for FCPO Trading SYstem : using BONDO setup that can win every month.
Why it is consistent winning rate?
WE use Probability on our indicator and setup, we tested it for more than 2 year backtest and Live Trade.
Every month Win. 60% winning Rate.
We only have class in malaysia in malay language.
TOPGLOV: Downtrend continues?Back when MYX:TOPGLOV was trading at RM7.29, I posted and idea of a downtrend forming. People laughed.
After a few more other update posts, it is now trading below the RM1 mark. Expecting prices to tumble further if it manages to break below RM0.81.
Denial does not make the stock rebound. Why not trade what we see instead of what we think?
FCPO at support 4 hours TimeframeLooks like FCPO is at the 4 hour timeframe support level. If viewed in terms of fibonacci retracement, it is likely that the price will go down.
FCPO double supportJust a simple chart analyst. It looks like FCPO is making a rejection against the trendline and RBS (Support Become Resistance)
Trading Plan 30/3/2023Main Trend: Bearish with major resistance
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price fail to break above Daily R2-R1 range, TP1:3690 TP2:3660 SL:3770
o If price gap down and break below 3610, TP1:3575 TP2:3540 SL:3660
• Long –
o If price gap down but fail to break 3610 TP1:3690 TP2:3740 SL:3610
o If price gap up and maintain above 3770 TP1:3800 TP2:3850 SL:3730
o
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
Trading Plan 29/3/2023 FCPOMain Trend: Bearish with major resistance
Short Term Trend :Bullish (Double bottom in 1H)
Trading Plan:
• Short –
o If price fail to break above Daily R2-R1 range, TP1:3690 TP2:3650 SL:3770
o If price gap down and break below 3600, TP1:3560 TP2:3520 SL:3650
• Long –
o If price gap down but fail to break 3600 TP1:3690 TP2:3730 SL:3610
o If price gap up and maintain above 3780 TP1:3840 TP2:3900 SL:3730
o
Disclaimer: This is just my IDEA on the market, not a suggestion to open any trade. Please do not follow without any personal due diligence on the market
FCPO New contract possible bullish cypher?Price retrace to 786 level so far and expected to test fibo 236 level..
IF this level is sustain.. possible Bullish Cypher formation
FCPO 9 March 2023 : LPSY for mark down?Price break uptrend channel back. There is the possibility of a market sideway or downtrend.
Price still respects the downtrend channel so far. However, the price still did not break the previous trading range although we saw the Sign of Weakness in the price.
Price below EMA50.
Trading Plan :
1. Sell: If the price still respects the downtrend channel and EMA50
2. Look for Buy: If the price breakout the downtrend channel.
5min :
1. EMA12+EMA50 is flat = Sideway.
2. See which side price will be broken for entry. Based on the downtrend channel.
FCPO 7 March 2023 : Testing lower channel before mark up?Price still in the lower channel and sustained above RbS.
If the price breaks the channel, possibly a larger sideways within the 4249~4500 area.
Today plan : Bias long..
#FCPO #FCPOmalaysia #FCPODaily #FCPOtrader
FCPO 2 March 2023 : JAC and LPS or UTAD?Yesterday price reject btm channel and broke up DTL + EMA50 and sustained above it. This schematic might be JAC. = Uptrend
Today expectation :
1. Let's monitor the 4242 resistance level. If the price sustains above this level, consider it as LPS.
2. If supply is coming in and bringing back down into the range, possible UTAD formation for distribution.
5min view :
1. Market structure: Sideway bias uptrend
2. Price to EMA = Price cross EMA up and down = Sideway
3. EMA12 to EMA50 = No clear direction yet = Sideway
4. MACD = no divergence formation.
Trading Plan :
1. Wait for the price to break immediate resistance and support level.
FCPO 1 March 2023 : Reject or Break Bottom ChannelYesterday, the price formed a creek/ICE formation with SW price before going down to test btm channel.
Today :
1. We expect price reaction at the bottom channel. It's already been tested multiple times. Expected to be a bit chaotic today.
2. If the price is not able to break DTL, possible spring/shakeout to break the bottom channel and price back up again into the range before mark up.
3. If price break bottom channel, and sustain below the range, possible mark down.
Trading plan :
1. Wait for price reaction at the DTL and btm channel.
FCPO 28 Feb 2023 : Creek/ICE formation?1. Yesterday price able to break mid channel, however, afternoon session price backup again to test mid channel.
Expectation today :
1. Price still in a consolidation phase. High chance to form a creek or ICE formation before next step.
Trading plan today :
1. Trade in Sideway. Sell high, buy low..
FCPO1Welcome . Quick deal. An opportunity to buy fcpo1. Breakout of the double brick pattern. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank yo
FCPO 27 Feb 2023 : Spring or SoW?Last week :
1. Price retest again the UT level at the same supply zone level before going back down again.
2. Price stop at EMA50 30min and Mid channel
3. SBO continues a downtrend after the FCPO market close down almost 2.45%.
Expectation :
1. We expect CPO to follow the SBO gap down to 2.4%.
2. Price will break mid-channel and possibly lower channel.
3. When the price test/breaks the lower channel, we expect the price to create SoW or Spring.
Planning :
1. For the Wyckoff trader, we did not expect entry during Spring/SoW. We will take a chance during ToS formation or LPS/LPSY formation. Wait for the price reaction at this point.
2. However, for 5min TF, we can find any trading opportunities for a short-term trade.
3. Monitor the 4100 support level. If clear this level, the price might test the 4030 level.
4. If the price still sustains inside the channel and TR, possible to retest fibo 50 or close gap?
Below is the expectation from SBO
FCPO PALM CRUDE OIL INDEX BURSA MALAYSIABottom reversal pattern has been form on week 03-Oct-2022
Currently FCPO price in sideway range between 3730 (support)- 4500 (resistant)
Trade Strategy: (BUY / CALL)
Once FCPO price break out & goes beyond price 4500 with increasing volume.
TP1: 4990
TP2: 6230
CL: 3730
Risk Ratio Reward - 1 : 2
Fact supporting indicator:
Smart Money Pro bullish Profit-Chip (red bar) continuous increases for 3weeks and crossed over Profit-Chip Moving Average line.
#bursasaham #malaysiastockmarket #fcpo #palmcrude #bursamalaysia #malaysia #bursa
#trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #bullbear
#supportresistance #technicalindicator #indicator #waveanalysis #bottomcatch #reversalsignal
Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
FCPO 24 Feb 2023 : UT Complete?Yesterday price not able to break mid channel and rebound higher to test the last supply zone.
Today,
1. Price backdown again inside the TR to confirm UT formation.
2. If sustain inside the TR, possible to go lower TR.
Any possible spring/SoW still in view
FCPO 23 Feb 2023 : Reaccumulate or Distribution?Yesterday :
1. As expected, price test nearest resistance before going down to test EMA50 30min.
2. Night session price back up again and we notice the volume is diminishing.
3. Notice BCX and AR before ST forming last night's session.
4. Trading in range before UT/UTAD or Spring appears.
5min :
1. MS : sideway structure
2. EMA : EMA12 above EMA50 = uptrend
3. Price above EMA50 = uptrend
4. MACD : Bearish divergence = Good tools to trade in the range.
FCPO 22 Feb 2023 : Gap up and UT?1. Yesterday price failed multiple times to break 236 fibo level. However price to able to reach down to 786 fibo level. Buyer and seller are still strong. We can expect price sideway.
2. 15min TF, price already breach EMA50. 30min TF, price still not test EMA50. We expect the price will test it sooner.
3. Channel uptrend is still holding up. Mid channel tested but not cross to the lower track.
4. Market structure: Yesterday's price played in the range. The uptrend is still valid unless the price breakdown and sustains below 4100.
5min :
1. MS : Sideway
2. EMA : Last night EMA12 crosses up EMA50
3. Price to EMA : Not respect either one of EMA = Sideway
What is trading plan today?
1. Gap up, price sustain above trading range = BUY
2. Gap up, price backdown into the trading range = SELL trading range
FCPO 21 Feb 2023 : Reaccumulate/Distribution?1. So far price still uptrend movement in the channel.
2. Price still test EMA50 15min.
Expect sideway movement to form reaccumulation or distribution pattern.
5min :
1. Price breakdown EMA50 multiple times but back up again = Strong buyer still have upperhand
2. EMA12 still above EMA50 = uptrend
