next betting .. against the trend & momentum FCPO! just wild guess with baseless argument ...
disclaimer mode on
short selling addict ....
FCPO1!
checking the trend using MA linenormally, I dun use indicator as buying or selling signal...juz use them as tools to check trend...try this one, Moving Average-200 day for checking fkli daily chart...SMA works better, but this one juz fine...
EMA normally goes with lower timeframe....
leave me a message if I were wrong...
look like the bull and bear are still playing "tug-of-war" between them...1514 is the immediate support level where the SMA-200 falls into...
sideway tradingsideway since 3rd June 2020...market more bias to trending to the downside, but as long as the competition of bull and bear has not shown any edge over the other, sideway market will continue...
resistance level : 2380 -2420
support level : 2300 -2320
if you trade trend, this is the time you "die"...either by the untrending pattern or because of boredom...
a trading method called "2618" fkli"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend...
of course, this is juz a trading idea, no indication of buying or selling...
strong resistance : 1584-1600
current resistance : 1560
current support : 1500-1520
head and shoulder pattern in fcpo possible formation of "head-and-shoulder" pattern in fcpo hourly chart...
resistance : 2400 - 2420
support : 2300
lower support level : 2200
a breakout frm the fklicurrent resistance : 1584
current support : 1560
the latest support level is broken, then the idea is to short the market when rebound...
of course, this is juz a trading idea...
fcpo possible reversal or formation of the "head"current resistance : 2400-2420
current support : 2300
lower support level : 2200
the price might come to a reversal region...
simple bracketing market again...FCPO active month
current resistance : 2300
current support : 2250
strong support : 2200-2210
waiting for a breakout
this is a trading journal, not recommendation of buying or selling
fcpo trading
an early morning joke about slump price of CPO ... #LOLdisclaimer mode : on
basic argument : just wild guessing with baseless conclusion
story build & narrative : - just late phase of downturn on CPO price panic mode in the new normal condition after pandemic scenario (wild guess)
- replanting old and mature tree which economic age already reached (old data & facts)
- moratorium on palm oil plantation planted area by government of Indonesia (old legislation)
- to achieve great demand for biofuel FAME need more slumped CPO price more than crude oil (author hope)
Direction FCPO selepas Raya 2020?FCPO dijangka akan meneruskan pullback terlebih dahulu selepas raya sebelum meneruskan kembali kenaikkannya.
CONFUSING AND OBLIVIOUSLY MORNING HEAVY HANGOVER IDEA on CPOconfusing .....
yet ....
obliviously hangover idea
on CPO MYX:FCPO1!
this just an wild guessing and bad idea...& mostly baseless argument
#disclaimer_mode_on
Crude Oil Palm Continues to Ride the downward Coaster. Hello dear Malaysian traders,
Hoping express that everyone is in good health.
The global supply chain is infected, by this pandemic Covid. Every body was asked to stay at home, the workers are stopping from work. And there is no logistics can be done. The crude oil palm demand is also falling.
The best is, continue Short / sell with strength of downward pattern.
If you find my analysis is useful and helping you out, please do like, follow, and comment.
FCPO - Bullish ButterflyA bullish butterfly formed in hourly chart (06/04/2020). The price soared & exceed the projected target price 2 to RM 2409.
The price is sliding from RM 2409 & it may re-test the projected HOP level for another entry opportunity in the PRZ.
Entry - RM 2230
HOP - RM 2188
TP1 - RM 2320
TP2 - RM 2376
CRUDE PALM OIL CURSE AND LOVE HATE RELATIONSHIP.... truly full of drama ...and saga of CPO throughout region....
just speculate and funny post, no detailed explanation and wildly guess
#disclaimer_mode_on
FCPO 26/2/2020 Trading Ideas, Rebound Day?Yesterday's CPO has dropped due to the drop on the sales result. Expect to rebound today.
Current: Still under downtrend
Expect to rebound and continue to drop
Long - at market open, TP before 2550(wait for retrace if manage to TP), CL 2430
Short - if break blue trend line
*This are my own trading plan, no intention to ask reader to buy/sell. Share with me if you have different ideas. Thanks.
CONFLUENCE OF SETUP FOR SHORT TRADING. DOUBLE TOPConfluence setup on FCPO 1hour and 4 hour timeframes. Divergence on RSI . Double top in the making for both timeframe. High probability trade with good risk to reward ratio.
what a year for fcpoI would like to wish all of traders a happy new year and happy trading in year of 2020. CPO is one of performing commodity. Bullish trend since Oct 2019. May year 2020 will bring a lot of profits. Do not give up in trading. Find a method that suit your personality. Feel free to message if you have any difficulties in trading.
fcpo in euphoriaFcpo in euphoria state. Continuation of uptrend after consolidation for few days. 3046 is recent resistance
FCPO Yearly Outlook - Sideways-Up Situation for 2019Hi Guys, as usual, start the year with annual outlook on FKLI & FCPO.
First try on video commenting, microphone volume was abit too low, just turn up your volume will do ;)
Hope you like it!
Happy Hunting & Happy 2019!
-jk-
