FCPO TRADING : 79) imminent breakout to the upsidethis is trade 79) frm Haidojo trading...fcpo-sept has broken to the upside to test further resistance frm 2560-2630...
full steam ahead...! with 2 more days before the exchange date on 16th of the month, so I guesss the price is going to go wild...
overhead resistance : 2560 -2630
support : resistance-turn-support 2474-2500 psychological number
market is bias to the upside so trend-continuation trade is preferred...
WARNING : no hint of buying nor selling, pliz trade at your own risk...
**"LIKE" and "FOLLOW" frm you guys are my main motivation to create more valuable contents...**
FCPO1!
FCPO TRADING : 78) false breakout shows its ugly head again...!this is trade no 78, an added info to the same fcpo chart...
introducing a breakout killer - "false breakout"...today false breakout has yet shown its ugly head again...if you trade a breakout strategy then you need to add extra filter to eliminate those bad trades...well, I have found one...hehehe...let's share yours if you got one...tell me in the comment section below...
I was waiting for my entry signal today and at last...found none...saved by the bell...
gud luck and gud trading
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
FKLI TRADE : 77) imminent upside to retest 1620-1640fkli continues its uptrend, despite having some political issues in the Parliament...which is not suitable to be discussed here...however, for most of South-East Asia's countries, politic cannot be separated from its economy...that's the hardcore facts...
current resistance : 1620-1640
support : 1587-1600
strong support : 1556-60
I am no expert, but I am definitely a chart's maniac...hehehe...
gud luck and gud trading
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
FCPO TRADING : 76) sequences of higher-highs and higher-lowsthis is number 76 trades which I have discussed here, in tradingview.
in normal condition, IF you see formation of sequences of higher-highs and higher-lows then it is most likely the market is going to break to the upside...watch out for :
current resistance : 2434
higher resistance : 2474 (the "head" in a possible "head-and-shoulder" pattern)
strong support : 2300
I am a breakout trader, so I am anticipating a breakout to the upside...
I am no expert but I definitely luv trading...
so gud luck and gud trading!
**PS : as a token of encouragement to motivate me further, I am really in need of some "LIKE" and "FOLLOW" **
July08 - CPO (1D) - Next test on 230x-3x Support CRUCIAL! ⚠️CPO still playing within 230x-240x range, which has pretty much defined price movements back in June.
Next test on S1: ~230x will be crucial for CPO mid-term (3Q2020) outlook.
Slight biased to the bears as of writing. Shall S1 fail on next test, major target will be S2 zone.
Levels to Watch:
Major R: 244x-6x
Major S1: 230x-3x
Major S2: 220x-3x
Happy Hunting! 🏹🎯
-jk-
FCPO - Bearish Deep CrabA bearish Deep Crab formed on the M30 TF. Currently the price is still within the potential reversal zone (Blue Box), it might retest the price of MYR 2352.
Oscillator indicator does not indicate overbought zone yet. We shall wait for overbought indication and the price action behave in the blue box. A sell opportunity once the price rejected out of the blue box with OB & PA exhaustion.
Stops: MYR 2353
Potential Reversal Zone: MYR 2450 - MYR 2496
TP1: MYR 2406
TP2: MYR 2363
In higher TF (Daily, Weekly), the price is still upward biased. It's a pull back opportunity and I shall look forward for price to respect the projection mentioned above.
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
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)
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
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.