Get started

Fcpo

Trading FEPO vs FCPOKey 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 2.30pm~6.00pm. Why start 9am? To cover the client from Dalian Commodity Exchange (China) 3. Export Palm related products from 2013-2020 surpassed Peninsular Malaysia. 4. Monthly CPO spread price on average for East Malaysia is at discount to Peninsular price by RM46.40/MT. Buyers will be always looking at a lower price. 5. Ongoing Trans-Borneo highway help to sustain CPO growth. 6. Expansion of Palm Oil (PO) area. Convert from logged-over forest and cocoa plantations. 7. High productivity due to mainly Sabah mineral soils and adequeate & even rainfall distribution. Key challenges facing CPO producers at East Malaysia 1. Declining CPO yields. i) Sabah: labor shortage, old trees, diseases, and weather issues. ii) Sarawak: labor shortage, land dispute, land suitability, old trees, and weather issues. Any effect to FCPO? 1. FEPO Position limit still lower than FCPO.. might reduce FCPO volume, but still sustainable. 2. FEPO volume mainly will coming from Dalian Commodity Exchange. Can i trade FEPO? 1. Yes. but since the volume still low, technical analysis will be difficult. Market sentiment will mainly depend on the fundamental analysis to understand supply and demand. 2. Use Gann technical analysis is possible
MYX:FEPOZ2021
by ArifHasbollah
1
FCPO 6 Oct 2021 : Retracement or Continuation?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 EMA50@5min / EMA14@ 15min possible retracement. 2. If the price closes above Gann level 4866, possible price go higher.
MYX:FCPO1!Long
by ArifHasbollah
FCPO TRADING : 302)into the abyss....no man landthis is haidojo and the number is 302 ... Today is 1st Oct 2021 and fcpo-dec21 is the active month. After a long awaiting of consolidation since July this year, fcpo price finally made a move which breaks into a new structure high yesterday, 4598 high and closed at this all-time high. Yes, that is correct. You are witnessing a history being made right now. This price and level has never been reached before, therefore I named it as the "no man land". As the excitement grows, so does the danger which lurks behind the high price, as I am watching it right now, it opens at slightly lower level, 4550++...but still very close to the highs. The closest support I am observing is 4525, the previous highest close ever in mid-aug this year. As long as the price doesn't break lower than the support of 4320-4374, then it is still considered as uptrend... Another move we need to take note is, as yesterday, the last day in Sept, fcpo-dec21 opened with a gap-up of nearly 90pts++(closed on 29th Sept at 4451 and opened at 4544). A gap could mean a continuous of the trend and also could mean an exhaustion gap, depending on what will happen next. Watch out for Double-Top formation or any kind of gap-down-go-down scenario in this week. That could becomes some kinda "head" formation and indicates a possible reversal...IF none of these happen, uptrend prevails...bull still has strong grip. 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* resistance : 4600 -??? immediate support : 4525-4560 critical support : 4320-4374 (bull is valid till here) 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!Long
by HAIDOJO_trading
2
FCPO 30 Sept 2021 : Break ATH or reversal?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. Possible resistance become support 2. Gann level at 4490 3. Possible reject EMA14 for 15min TF 4. Minor up trendline for support 5. Fibo retracement level 38.2 For Sell : Wait for false breakout ATH
MYX:FCPO1!Long
by ArifHasbollah
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.
MYX:FCPO1!Short
by ArifHasbollah
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