THIS IS CRAZIES RECAP, THE ART OF TRADINGBeing a precision hunter is a must, trouble first enjoy then...
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DISCLAIMER:
THIS IS NOT A BUY/SELL CALL, ONLY STUDY IDEAS AND ANALYSIS FOR EDUCATION, TAKE IT AT YOUR OWN RISK.
FCPO1!
FCPO1! - 29 SEPT 2023This analysis was made for training/educational purpose only.
Shall you follow or not **Trade At Your Own Risk**
FCPO1! - 22 SEPT 2023This analysis was made for educational purpose only.
Shall you follow or not **Trade At Your Own Risk**
trading IDEA FCPO 19/5Main Trend: Bearish
Short Term Trend : Bearish
Trading Plan:
• Short –
o If price unable to break above 3407. TP1= 3387 TP2=3366 SL=3420
o If price gap up but fail to break above 3433. TP1=3407 TP=3387 SL=3451
• Long –
o If price break above 3407. TP1=3433 TP2=3450 SL=3387
o If price gap up above 3433. TP1=3450 TP2=3475 SL=3420
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 12/4/2023Main Trend: Sideways
Short Term Trend : Bullish
Trading Plan:
• Short –
o If price break below 3870, TP1:3830 TP2:3795 SL:3900
o If price gap up but unable to break 3978, TP1:3930 TP2:3900 SL:3995
• Long –
o If price supported at 3870 TP1:3930 TP2:3955 SL:3850
o If price gap down but supported above 3765 TP1:3800 TP2:3827 SL:3730
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 11/4/2023Main Trend: Sideways
Short Term Trend : Bullish
Trading Plan:
• Short –
o If price unable to break 3890, TP1:3810 TP2:3760 SL:3910
o If price break below 3810, TP1:3785 TP2:3760 SL:3818
• Long –
o If price supported at 3810 TP1:3850 TP2:3890 SL:3790
o If price gap down but supported above 3760 TP1:3810 TP2:3850 SL:3730
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 7/4/2023Main Trend: Sideways
Short Term Trend : Bearish
Trading Plan:
• Short –
o If price gap up but unable to break P – R1 range, TP1:3790 TP2:3760 SL:3900
• Long –
o If price supported at 3757 TP1:3830 TP2:3870 SL:3730
o If price gap up above and break 3888 TP1:3945 TP2:4000 SL:3850
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 6/4/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price unable to break above 3900 TP1: 3866 TP2: 3833 SL:3915
o If price gap up but unable to break 3970, TP1:3935 TP2:3900 SL:4004
• Long –
o If price break above 3900 TP1:3934 TP2:3970 SL:3880
o If price gap up above 3970 TP1:4000 TP2:4050 SL:3950
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 5/4/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price gap up but fail to break above Daily R2-R1 range, TP1:3973 TP2:3936 SL:4032
o If price unable to break above 3936, TP1:3893 TP2:3819 SL:3973
• Long –
o If price gap down but fail to break 3856 TP1:3893 TP2:3936 SL:3819
o If price gap up and maintain above 4010 TP1:4053 TP2:4111 SL:3973
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 31/3/2023Main Trend: Sideways
Short Term Trend :Bullish
Trading Plan:
• Short –
o If price break below P, TP1:3735 TP2:3712 SL:3770
o If price gap up but fail to break R2, TP1:3800 TP2:3760 SL:3900
• Long –
o If price supported above 3760 TP1:3835 TP2:3880 SL:3735
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 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
Midterm perspective for FCPOFCPO is probably preparing to trending higher in the future but I'm a bit CAUTIOUS because the price hasn't broken the important level yet (strong resistance) which is around 4500. Currently, the pattern which is unfolding is a ZigZag (thought to be). Assuming this assumption holds true, wave C should ends about the same length of wave A, around 5000 - 5200 levels. There're evidences which supports this assumption:
1. There are 5 waves in wave A
2. Fibo retracement level for wave B in a ZigZag is around 0.618 level
3. By EW rules for ZigZag, wave C should have 5 waves.
4. ZigZag price movement is contained within parallel channel - they tend to in most cases.
We're already seeing 5 waves unfolding in wave C but seems relatively short than assumed projection (5000 level). The only possible explanation is that wave (3) in wave C is an extension.
Disclaimer
This is NOT buy/ sell call but for learning purposes.
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.
Next Possible Direction For FCPOAs expected market has moved towards the north and seems to have exhausted its uptrend momentum at least for now. Correction is now more likely to occur after 5 waves move have already unfolded in the wave 3 Primary. Given that correction in the Primary Wave 2 is a Zig Zag, the rule of alternation could be at play here for Primary Wave 4 - most probably flat correction, triangle or double three. I'm inclined into assuming that it is flat correction. A break below 3848 would invalidate this assumption and suggest another wave is unfolding.
Disclaimer:
This is NOT buy/ sell call but for learning purposes.
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..
Wave (3) still ongoing for FCPO ?Based on the movement of the market yesterday, it might be possible that (3) is still in play here and its due to 2 reasons:
1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618.
2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed yet).
Disclaimer
This is NOT a buy/ sell call but for learning purposes.
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
