FCPO 23 Sept 2021 : Trade Bearish Harami1. 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.
Fcpo!
FCPO 22 Sept 2021 : Trade Shooting Star1. 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 is only for intermediate conditions. Depend on how the price reacts to EMA14+EMA50 at 15min TF.
Other concern :
1. China Evergande issue might contribution a significant effect on the world economy.
2. China is our 2nd largest Palm oil export destination behind India.
3. Remember when Lehman Brothers collapse in 2008.
FCPO 21 Sept 2021 : Trade False Breakout1. 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 TF.
"Trade at your own risk"
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.
FCPO New Contract Outlook1. 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 bottom channel. Wait after pullback for entry.
FCPO 17 Sept 2021 : Fake Breakout1. Nov2021 contract
2. Fake breakout formation
3. As usual, the fake breakout will follow by the largest movement.
How to earn 24~33 ticks from FCPO each day using Gann level?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)
FCPO 14 Sept 2021 : Trade Bullish Flag1. 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 EMA14.
3. Bullish reversal CS to find entry.
Target TP is 4390~4400
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!
FCPO 13 Sept 2021 : Trade 3 Inside Up1. Price break down trendline.
2. 3 inside up CS pattern at 15min TF.
3. 5min TF breaks market structure when price break the nearest resistance.
Strategy :
1. Wait for pullback and rejection CS @ 15min TF.
2. Potential buy zone at confluence area of uptrend and downtrend line.
3. another potential zone is when the price rejects EMA14 at 15min TF.
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.
FCPO 10 Sept 2021 : Trade inside bar1. Short-term trade only.
2. 15min have 2 Doji indicate indecisive condition.
3. Entry chance if price close on either side of the inside bar.
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.
FCPO head and shoulder &Bearish HaramiToday closed with bearish harami ,will short if open below 4368 Pivot point (Support 1)
FCPO 9 Sept 2021 : Trade Tweezer Btm1. 15min TF have doji CS indicate indecisive condition. The next candle after Doji usually determines the next trend.
2. 5min TF have form tweezer bottom. Testing same level 4367.
3. Both TF have oversold stochastic. Higher probability for an uptrend.
4. Bullish trend will be strong if there is bullish engulf for 5min TF.
FCPO 9 Sept 2021 : Price back in range1. Yesterday's price was able to break the significant resistance.
2. Price in the previous range zone from 4413~4560 (134 tick range)
Strategy :
1. Wait for price pullback at the potential support area.
2. Look for bullish reversal CS pattern at 15min TF.
3. Entry confirmation at 5min TF when there is morning star/hammer/Bullish engulfing pattern.
4. Limit order at 5min TF base on interesting risk and reward ratio.
FCPO 8 Sept 2021 : Trade 3 inside up1. Price reject previous support
2. 15min TF form 3 inside up
howtotradeblog.com
3. Wait for a pullback for entry.
FCPO 8 Sept 2021 : Trade Evening Star1. Price reaches the resistance zone.
2. 15min reversal CS.
3. 5min formed evening star CS.
4. Price hit upper trendline.
FCPO 8 Sept 2021 : Trade Morning Star1. Yesterday price breakout high of 6 Sept
2. Yesterday Rejection CS at 15min TF.
3. Yesterday 5min have a Morning star candle pattern.
4. Today 15min CS has rejection with bullish CS.
5. 5min TF have bullish engulfing with a hammer.
6. 15min TF reject EMA14
7. 5min TF reject EMA50
Repeat the same strategy all over again.
FCPO 7 Sept 2021 : Part 21. 15min hammer CS pattern.
2. Bullish Engulfing at 5min TF.
3. Gann level at 4357
Pullback entry
FCPO 7 Sept 2021 : Trade Hammer1. Yesterday's price breakout the resistance.
2. Price pullback to the support area 5min TF.
3. 5min CS Hammer pattern followed by bullish engulfing.
4. Price near Gann level 4324.
We trade after a bullish engulfing pattern and hit TP @ 4371
Another opportunity if
1. 15min TF has rejection CS near EMA14.
2. 5min Reversal CS pattern + engulfing.
FCPO 6 Sept 2021 : Trade Morning Star1. Price in the range for uptrend movement.
2. Triangle pattern breakout.
3. Rejection EMA14 @ 15min TF.
4. Morning star CS pattern @ 5min TF.
FCPO 3 Sept 2021 : Breakout trendline1. Yesterday's price formed a triangle pattern and breakout.
2. Price did breakout trendline and retest supply zone.
Strategy :
1. Expected price will retest the trendline before continuing uptrend.
2. Wait for bullish engulfing CS at 5min TF with bullish CS for 15min TF.
