Market Always FOOL Us and Market Always RIGHT ! [Part 2]I guess many profit trader/position trader gained in the past months, could face the losses in the last 1 week (including me). Too bad, market fool us once again.
**news said - export data slow down due to China, India demand drop.
But, I would say "bear" shit.
I wait for reversal and wait for the price above/back to MA/EMA 20. Rest !
FCPO1!
FCPO TRADING : 249) trend has reversed into fast-dropthis is haidojo and the number is 249 ...
As I has mentioned earlier in trade 247(go watch it if you haven't), critical support is at 3670, if it has been broken, then downtrend has arrived.
what I don't expect is a fast-dropping downtrend...I tot the transition will move frm "uptrend - sideway - downtrend"...
instead, what has happened is "fast uptrend --- fast downtrend" a 180 degree upside down turn which happens immediately...
two consecutive days with down more than 100pts...so, no counter-trend trade...
the best offer market is providing now is short on rebound...a friendly reminder : if you are new to the fcpo, and has never traded it before..
pliz, stay away...now is the fast-swing period...it is certainly not a gud news for newbies and the faint-hearted ones...
although I consistently hear the gurus out there urge their students/apprentices to "short it", " don't think, juz do it" ...
it is not recommended to do that...bcox after fast fall, we might have fast rebound...especially those deadly gaps...
Get a trading plan, test it, then stick to it...don't follow blindly what the gurus say, test it...verify it, make sure it is repeatable...
then only apply it...
*plan your trade and trade your plan... gud luck*
highest resistance : 3600
resistance : 3470
support : 3320-3470
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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 Q1 Outlook: Sideways-Up to ATH 4.4k-4.8k 📈🐮Technicals
Major S: 3.6-3.7k (nearest support) ; 3.2-3.4k (prev consolidation range)
Major R: 3.8-3.9k ; 4-4.2k ; 4.4k (ATH) ; 4.8k (Weekly breakout projection)
👇🏻 Prev idea on potential CPO New Bull Cycle:
👇🏻 Dec Bullish Call on CPO:
🔔 Q1 Risk Factor to Watch:
Covid, Reinstating/further extension of MCO , Political instability (Malaysia), US President transition, US-China trade war (soybean oil deals), Geopolitical tension in Iran/Taiwan
I'm Long bias for FCPO in 1Q2021, looking to initiate Long positions shall Major S holds.
Happy Hunting! 🥂🚀
-jk-
FCPO TRADING : 247) a possible reversalthis is haidojo and the number is 247 ...
after consolidating for a few days, fcpo-march today evidently has a huge drop...
if you trade using other method, pliz use back ur own methodology but the way I do it is...as long as the support 3670 holds,
it is still uptrend///
however, if this level of support is broken, then a reversal is said to happen...
observe closely 3670 support level and the 3800 resistance level...
if the 3800-resistance is reversed, then uptrend resumes...
*plan your trade and trade your plan... gud luck*
highest resistance : 4334 - 4486 (high in 2008)
higher resistance : 3890 - 3967 (high in 2011)
current resistance : 3775-3800
support : 3670 critical
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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 TRADING : 245) party is not over yet! this is haidojo and the number is 245 ...
After playing sideway for 2 days, fcpo-march has formed new support level, lower level at 3660-3680, another one at 3775-3800...
but one more thing, next week is the last week before the exchange date, which happens every month on the 16th,
so the interest for trading fcpo might fall drastically and the inevitable boring and sideway movement will rule for the whole week...
if nothing goes wrong, the real movement would likely be visible after the week of exchange date...the closest is frm 18th - 22nd Jan 2021,
or most likely at the end of the month too...
another possible thing is a huge, violence move either to the upside or the downside (probably testing the max high and low in recent price)
then only followed by the real move after Xchange date/at the end of the month...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3775-3800
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI TRADING : 243) in the middle of nowherethis is trade 243 frm haidojo trading...
finally the tp 1582 is filled...so a possible reversal frm 1573 low that reach somewhere in the middle of nowhere...so, what's next?
1) possible downtrend continues, 1600-resistance blocks it, then fkli-jan nosedives frm its price now to make new-structure low,
and downtrend persists...
2) market advances a bit higher to retest the 1615 but fails, rollover and falls...
3) market retests 1615 and reverses upward...possible reversal has happened...trend changes to uptrend...
4) none of the abv, market juz...goes sideway...gotcha! \
"market always does whatever it wants whenever it wants... "
the only thing we can do is...participate when market give us some edge...so make your stand and roll your dice!
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
immediate resistance : 1615
support : 1574-1582
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 242) retest 9yrs high at 3890-3967this is haidojo and the number is 242 ...
as predicted earlier on 4th Jan 2021, fcpo-march persists in uptrend...
now, the next level is challenging the Feb 2011 high-3890-3967, the price which has not appeared at least in the past 8yrs++,close to 9yrs.
If this level of resistance is breached, then fcpo is looking at the 12-yrs historical high ranging frm 4334 - 4486, the peak which
has never been reached ever since March 2008...
Ok, after some brief history of price, let's talk about what has happened today(6th Jan 2021).
after a brief retracement yesterday, fcpo-march continues its marching to climb higher at gap up 3775 (20pts gap frm closing yesterday 3755)
and closed at high of 3877...up 122pts today...
needless to say, best offer frm the market : long on retracement, DON'T go for counter-trend, unless u hate your money bcox market could still gap up and go up the next day...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3800
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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 TRADING : 241) uptrend still persiststhis is haidojo and the number is 241 ...
after hovering in sideway for around a week, fcpo-march resumes its momentum in moving uptrend in this new year 2021!
today fcpo-march has gained a strong momentum of gap-up go-up scenario and definitely releases a "green light" for both breakout trade and also a long position...so, it is a good start for new year and new resolution...
the gap up is close to 80pts and fast-forward to 3700 pts, ending in 3724, up 124pts...
this price has never appeared in fcpo ever since 2011, a record new high which has never been breached in the past 9yrs...!
so, the upcoming resistance level we can expect at 3800-3920 top which was set somewhere in Jan 2011...
well, let's not forget the historical-high 4300 in early 2008 which was set some 12-years ago...
Dun go for any counter-trend trade as now it might gap up and even go higher...
simply put, long-on-retracement is the best offer now...
PS : do you ever noticed that fkli and fcpo almost frequently run in separate direction? If you have any comment feel free to leave it below...
*plan your trade and trade your plan... gud luck*
higher resistance : 3800-3920
temporary resistance : 3720-3720
support : 3660-3680
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI TRADING : 240) downtrend startsthis is trade 240 frm haidojo trading...
After 2-weeks of absence, this is the first episode in this new year 2021...so happi new year...
fkli-jan has been stopped at 1615 and the next level of support is at 1582...
however, if the price moves higher than 1650, then we might face another round of reversal...
so, to make long story short go for "short-on-rebound" while the trend is still in downward spiral...
*plan your trade and trade your plan... gud luck*
resistance : 1650- 1660
immediate resistance : 1615
support : 1574-1582
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 232) shxt does happen...this is haidojo and the number is 232 ...
JUz as I am happily anticipating the market to move towards certain direction, price action of fcpo-feb has slapped me
right in the face with its inches-up higher and glide sideway...moreover, fcpo-feb is expiring soon...
so till 16th dec, I guess...sideway....sob sob
*plan your trade and trade your plan... gud luck*
higher resistance : 3620
current resistance : 3414-3450 (bull resumes its momentum abv this level)
support : 3280
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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 TRADING : 231) breakout comingthis is haidojo and the number is 231 ...
a gud news, finally a breakout and uptrend persists...
if you trade a breakout, then make sure your eyes wide open...
*plan your trade and trade your plan... gud luck*
resistance : 3620
current resistance : 3414-3450 (bull resumes its momentum abv this level)
support : 3280
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
Dec02: FCPO (1D) - Bullish Flag Target Pointing to 3.6-3.7k 🐮CPO price consolidated past 1-2weeks, forming a nice launchpad towards higher price levels -- Bullish Flag pattern. 🚀🚀
Price still running in a mid-term up-channel, with an upside target zone: 3.5-3.6k & 3.7k ; similar to which suggested by the flag.
🔔 Overhead Resistance: 3.4k, 3.5k, 3.6k, 3.7-3.8k
❇️Prev idea still largely intact, only now with added bullishness from potential flag formation.
❇️❇️Longterm Outlook: R1 standing, Heading to R2
In long position for cpo, likely to be my closing trade for yr2020 local futures~ 😎⭐️
Happy Hunting! 🥂🚀
-jk-
FKLI TRADING : 228)Look left, structures leave clues (2)this is trade 228 frm haidojo trading...
things have been moving faster than expected, I thought that the sideway market is going to extend into Dec 2020...
look like the reversal has come a lot faster...resistance has been formed at 1615 and exactly that spot was the previous selling region...
reversal is confirmed if the level 1574 is broken...let's look at fkli-dec
*plan your trade and trade your plan... gud luck*
resistance : 1580-1615
temporary support : 1574 - 1585
lower support : 1544
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 227) still on persistent uptrendthis is haidojo and the number is 227 ...
sideway market and it is totally reasonable since it is coming to the end of the year...
with celebration and new resolution coming, there is less and less volume in the trades...so sideway market for both fcpo and
probably fkli too...haiz...
Overall, fcpo-feb is still in uptrend...maybe slowly glides up...
watch out for critical levels or even better....stay away and don't trade...
*plan your trade and trade your plan... gud luck*
higher resistance : 3414-3450 (bull resumes its momentum abv this level)
temporary support : 3280
critical support : 3150- 3210 (bear comes below this level)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
FKLI TRADING : 226) bullish bat pattern no longer validthis is trade 226 frm haidojo trading...
leg A of the bullish bat pattern is violated, so it is no longer valid...this is the last day for fkli-nov
most probably no trade and extend into dec...sideway market...
*plan your trade and trade your plan... gud luck*
resistance : 1580-1616.5
temporary support : 1578
support : 1540-1560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 225)possible bullish bat patternthis is trade 225 frm haidojo trading...
frm sideway market, it actually breeds advanced patterns...a possible bullish bat pattern formation...
entry at 1554, SL 1540, 1st tp 1578, 2nd tp 1600...
of course, if you didn't trade advanced pattern, stay away....
*plan your trade and trade your plan... gud luck*
resistance : 1580-1615
temporary support : 1585
support : 1540-1560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 224)the incomplete fifth wave in EWthis is trade 224 frm haidojo trading...
something interesting has happened in fkli-nov ...it is called the incomplete fifth wave of Elliot wave...
it is one of the many reversal signal if you trade patterns...we got the famous ones such as Double-top, triple-top, "V-shaped" ,
head-and-shoulder, and also this, incomplete fifth wave...followed by a gap down...
so I anticipate the fkli-nov is going sideway before sliding down...
this sideway might even extend into Dec 2020...
*plan your trade and trade your plan... gud luck*
resistance : 1580-1615
temporary support : 1585
support : 1540-1560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FKLI TRADING : 222)LOOK LEFT, STRUCTURES LEAVE CLUES!this is trade 222 frm haidojo trading...
as I had said it earlier, fkli-nov has been grinding in the selling region ranging frm 1580- 1618, and a reversal has indeed happened!
as predicted! I am not trying to say how accurate I am, or how majestic I am, but rather I would share with you that if you understand the
"language of the market", no matter it is forex, futures, stock, crypto..etc...they all react based on the price movement...
although they are not 100% accurate but it is enuf to give u a competitive edge to trade the market when the favor is on your side...
the rest, depend on money management and psychology...
*plan your trade and trade your plan... gud luck*
resistance : 1580-1615
temporary support : 1585
support : 1540-1560
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
FCPO TRADING : 221) still on persistent uptrendthis is haidojo and the number is 221 ...
forming a Double-top, which is a possible reversal signal, rising the previous low to 3280 -3000 as the critical support now...
lower support is seen at 3160 and 3100...price needs to push abv 3414-3450 new resistance level to move higher...
for now, it is still in uptrend until the support/resistance level is broken...
*plan your trade and trade your plan... gud luck*
resistance : 3414-3450
immediate support : 3350
lower support : 3280-3300 (deciding bull/bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures 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!
Nov18: CPO(1D) - Shall 3200 Hold, Likely See Rally to 3.4-3.6k🐮Bulls taking a breather as active contract move to Feb2021.
Major S: 320x-6x >> Watch if hold on test...
If support hold, Look for rally towards R1-R3: 340x-5x, 350x-5x, 360x-5x in about 2weeks time. ;)
I've been on Long since turn Nov, check out my many other social platforms for latest charts & market updates. 🔔⭐️
Check out my prev post on a Major CPO Bull Cycle (happening now!)
❇️https://www.tradingview.com/i/CwQkXxdU/
Happy Hunting! 🥂🚀
-jk-