FKLI TRADING : 313) turn over a new leaf/trend? this is number 313...
Today is 28th Dec 2021, and fkli-dec is in uptrend. However, it is unsure the direction of the trend will resume in the new year 2022 as this might be a window-dressing activities? As for me, I trade what I see so "buy on retracement" is the winning strategies now. Don't get involved juz bcox u wanto get involved or make some money. The sequence should be like this :
1) learn some new tricks on trading plan/strategies
2) do some testing on historical data first bcox anyone can claim anythg on the internet nowadays. You wanto know the validity of the plans/strategies
3) apply the correct risk reward/ money mgm on the strategies/plans
4) take out very little money to try on the strategy/plan
5) if you survive more than 3 months with positive outcomes without position-sizing, then it is worth studying at. If u can last one year with positive outcome is even better.
6) If it doesn't work, repeat.
then some ppl might ask " whr is the place for the psychology?"
my very subjective answer is " the psychology comes after u did the trading plan/trading strategies + money mgm + testing correctly".
Yes, u hear me right. With juz a gud attitude and mentality would not guarantee u will win a war. U still need "weapons" and "armors" to win a war. Those strategies and back-testing are your weapons and armors.
higher resistance : 1577-1600
resistance : 1545
support : 1480-1518
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures , crypto, commodities 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*
Haidojotrading
FCPO TRADING : 312) possible bearish bat pattern in sideway mktthis is haidojo and the number is 312 ...
Today is 28th Dec 2021 and fcpo-March22 is the new active third month. This is my second post after the commencement of the T + 1 night trading since 6th Dec 2021. Night trading is not that merry, but it is still too early too say. The impact on the fcpo market is still mild but it has great effects on the traders who already trade full-time/part time especially those who have other side income other than trading fcpo. Time management becomes crucially important as they have to devote their night time frm 9:00pm-11:30pm as well. Unless u juz trade certain sessions eg for me, I juz trade the morning sessions and go to work in the evening and night time. This however posts some gravely side effects as when the trend comes, I have to monitor frm time-to-time tru other apps...highly recommend "wen hua chai jing",,,u can get real-time charts and functions...
Back to our business here. Thr is another thing to watch out. A possible formation of bearish bat pattern. The killing zone is somewhere around 4845-4850, SL could be put some 20-30pts abv the entry and 1st tp 4760 and 2nd tp 4630...that's all for this year. see u next yr.
Merry Christmas and Happy n=New Year!
*plan your trade and trade your plan... gud luck*
resistance : 4755, 4850
support : 4630, 4560
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!
FCPO TRADING : 272) uptrend persists
this is haidojo and the number is 272 ...
after hanging in tight range for a few days, fcpo-may has stricken again!
the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase...
what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm 3830-3880...
again, we have entered into the territory which was only appeared some 10 years ago...! Yes, the price which only showed up in 2011...
now, this time it is unsure whether fcpo will shoot all the way up to challenge those level again...or subdue to the selling pressure...
we anticipate the price to retest the level of 3890 - 3967...(You can look back in Jan 7th 2021 episode in the link below)
however, something to take note is...fcpo-may is going to end soon...it will expire in a few more days...until next Tuesday, on 16th March 2021, then the new fcpo-June will emerge...whether fcpo-june will continue this bullish sentiment or sudden reverse to the bearish call is still too early to say...let's see what is expecting us next week...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3830-3880 (resistant-turn-support)
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 : 270) analysis hourly chartafter breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart...
if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't stop at all...it is pretty scary, etc... but as long as the critical levels are not broken, then we are still in the bull territory...
however, if the previous low at 3600 is broken, then...the trend has changed...it has to be lower-low, lower close...not juz the "whiskers"...
lower support after the breach of 3600 then we shall seek some support around 3540, then 3463-3500...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600 the closest higher-low
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 : 269) analysis daily chartfrm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range...
as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the lowest-low this year-2021... (lowest hit 3166 actually) and see if it is breached and forms further low...
of course, all these numbers are too huge and requires a scrutiny to hourly chart to breaks it down...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600
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 : 268) 2 updates
long story short---2 updates...
1) bearish cypher pattern becomes invalid as the X leg is violated...
2) the resistance level of 3720 has been breached...so long on retracement now...bull is back
*plan your trade and trade your plan... gud luck*
resistance : 3830-3880---previous high
support : 3720 resistance-turn-support
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 : 266) false breakout to the upsideafter getting "stuck" at 1615 for 2 days, fkli-feb turned to the downside, and now we are at a crossroad...1575...
if the price rebound frm here, then we might see a sideway movement or continuation of uptrend...but further below this
then the price creates a new structure low and will continue further down...
bcox the daily chart is still in downtrend, therefore I am of the opinion that the price will move further down...
*plan your trade and trade your plan... gud luck*
resistance : 1615
support : 1575
lower support : 1545
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 : 265) a breakout frm head-and-shoulder patternbased on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high,
but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached 3460...meaning that the 3500 support no longer valid...next level of structural support is visible at 3200-3300, although there is some support in 3420, let's see how it holds against the bear...
officially, a lower-low is formed in hourly chart and a breakout frm the neckline of head-and-shoulder pattern indicate a strong sense of reversal to the bear...
we are expecting a series of breakout to the downside and short on rebound is probably the market's offer right now...
PS : some ppl/traders try to get involve in every single movement and expect themselves to be profitable every single time, that is ridiculous.
u either follow the trend (trend-trader) or u do counter-trend trade (advanced patterns)...it is very rare that u have a strategy which works on both side...so stick to one...be safe...
*plan your trade and trade your plan... gud luck*
immediate resistance : 3540-3560
higher resistance : 3560 -3720
support : 3420
lower support : 3200-3300
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 : 260) sideway strategy- possible advanced patternhis is haidojo and the number is 260 ...
a possible formation of bearish gartley pattern near the resistance level- yes, this is called "deep gartley" pattern...
entry 3480- 3494, SL abv 3500, 1st tp 3370, 2nd tp 3305...
another one is ....? dunno yet, but possible another gartley pattern or bat pattern...but a bullish one...
so this one stays put first...
so, that's all for the update...
*plan your trade and trade your plan... gud luck*
higher resistance : 3480-3494
current support : 3305
lower support : 3220-3165
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 : 259) sideway strategy- bracketing the markethis is haidojo and the number is 259 ...
fcpo-apr shows another round of sideway market now...so what to do now is bracketing the market...
set up the high---resistance and the-low---support... then in the middle what might happen is formation of advanced pattern in between...
(the one I draw with yellow-color)...
if the price breaks higher than the resistance- turn long
if the price breaks to the downside, lower than the support level, --turn short...
*plan your trade and trade your plan... gud luck*
higher resistance : 3460-3494
current support : 3305
lower support : 3220-3165
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 : 258) sudden reverse to the downsidethis is haidojo and the number is 258 ...
juz as bull seems like coming back and all things look shiny and glittering, all of sudden today we had a 80-pts gap down and went down...
at last, it closed at -160pts++ frm the previous day...
so now market is going down, unless the resistance 3460 is reverse, then we might have otherwise...
watch closely as the support 3167 which is also the latest low is breached or not...?
if it is breached, then lower-low is going to happen and more downside will come...
*plan your trade and trade your plan... gud luck*
higher resistance : 3309
lower support : 3167-3170
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 : 257) sideway market-bewarethis is trade 257 frm haidojo trading...
my opinion really is bearish for the market especially fkli and stocks...but what to do? market and its participants have other idea...
basically, this is sideway market...we will have sudden ups and sudden downs in fkli...until significant level of resistance and support is broken...
now, I spot a bullish cypher pattern in hourly chart...entry range frm 1564-1567...SL is below 1555...1st tp 1575, 2nd tp 1588...
personally, I am not so confident on this one...I think it is a false breakout to the upside but continues downtrend...
but what to do? ---trade what u see, not what u believe...
again, pliz dun follow this trade if u nvr test it, either backtesting or forward testing...
if u have never heard of advanced pattern before, then stay away...ok...that's the best to do...
I hate to rant, but err...this is not a signal service channel, all episodes in this channel are juz my personal trading journals,
some of my opinions on the market and based mainly on charts and technical analyst...
if I happen to NOT trading similar to your trading pattern, and you LOSE money after following whatever hints/tips/advices in this channel,
I am not holding accountable for whatever losses you did to your trading account/funds, bcox YOU are the one responsible for your account and your own money...
*plan your trade and trade your plan... gud luck*
resistance : 1596-1605
immediate support : 1575
lower support : 1545-1560
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 : 251) bullish divergencethis is haidojo and the number is 251 ...
as for what has happened today is...a glimpse of possibility of reversal of the trend...
Why I say that?
I saw the first sign of reversal ----which is bullish divergence in hourly chart/timeframe...
but all counter-trend traders, hold your horses first, it is not that simple...I don't mean that fcpo-apr will reverse tmr and hit all time high again
immediately...what I mean is, price action shows that the bull has rebound a bit today, trying to fight over bear for control...
however, the whole fcpo market is still in downtrend...bear is still in firm control...if we see more and more reversal patterns/signals come in, then only we can say that the bull has come back...
bullish divergence that I try to introduce here is when price hits lower but RSI shows the opposite direction...moving up...
that is the classic bullish divergence but beware bcox daily chart RSI hasn't hit OverSold region yet...not quite yet...
so, the chance of market dropping lower is still higher...short on rebound is still a preferred strategy...
*plan your trade and trade your plan... gud luck*
highest resistance : 3464 (might reverse bear trend)
resistance : 3270- 3350
support : 3145-3200
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!