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Malaysiafuturesmarket

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*
MYX:FKLI1!Long
by HAIDOJO_trading
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!
MYX:FCPO1!Short
by HAIDOJO_trading
FCPO TRADING : 311) downtrend and review of the previous gartleythis is haidojo and the number is 311 ... Today is 2nd Dec 2021 and fcpo-Feb22 is still the active third month. After bouncing on and off within the range till 19th Nov 21, the price has descended gradually by showing lower and lower highs. The new low was at 4636 yesterday and this was a lower-low than the previous one (4709). So, we have a continuation of downtrend. As for the bearish gartley pattern in the precious episode, it missed the entry 5070 by juz 1 point, rollover frm 5069 and fell all the way to form lower-highs and lower-lows. It hits 1st tp at 4850 multiple times and 2nd tp at 4755 on 29th nov 2021. Next supports are at 4560-4480. Now, the price is hanging loosely ranging frm 4660-4680, slightly lower than the formation of leg A at 4708. Next resistance level to watch are 4755, and 4850. *plan your trade and trade your plan... gud luck* resistance : 4755, 4850 support : 4560, 4480 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!
MYX:FCPO1!Short
by HAIDOJO_trading
FKLI TRADING : 310) downtrend persiststhis is number 310... Today is 2nd Dec 2021, and fkli-dec is in downtrend. After consolidation phase, now fkli-dec is in full downtrend. It dropped below the 1512 supports and and stopped at 1497 yesterday. Today, a gap down and possible rebound frm 1481.5 support. It has to break abv 1525 previous lower-high before confirming a reversal. The next level is at 1457, 1412. As for the bearish bat pattern in previous episode, it missed the entry 1535 by a mere 2pts. Then the price rollover and fell hitting the 1st tp at 1512.5 and the 2nd tp at 1500. The next thing to watch is resistance level at 1497-1500, 2nd resistance level at 1512.5 - 1525...These are the levels to watch during rebound to short. Juz the thingy I will do, not buy call. Trade at your own risk. higher resistance : 1512.50-1525 immediate resistance : 1497-1500 immediate support : 1481.5 (critical support) 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*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 308) same fate, different patternthis is number 309... Today is 19th Nov 2021, and fkli-nov is still in sideway. Sideway market is neither a bull nor a bear, but is more like a "buffalo", it is heavy and not moving. This is the typical movement in sideway market. Static. Fkli-nov shares almost the same fate as fcpo-feb, which both are in consolidation phase. As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish bat pattern. The advanced pattern formed is however, different frm the fcpo. The kill-zone is formed in the range from 1535-1540, SL could be made 5-10pts abv it. 1st tp is at 1524 and 2nd tp 1512.5...Price has to breaks abv 1540-1560 resistance before showing any potential of reversal. That's all for tdy. higher resistance : 1540-1560 immediate resistance : 1524 immediate support : 1512 critical support : 1480-1500 (decide full bear/sideway) 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*
MYX:FKLI1!Short
by HAIDOJO_trading
FCPO TRADING : 308) a possible bearish gartley pattern this is haidojo and the number is 308 ... Today is 18th Nov 2021 and fcpo-Feb22 is the active third month now. After bracketing the market, you probably find that the market price has broken below the perceived support level (4850) and reached a new low at 4709. Then, we got a problem. It is still between the bull and bear territory. The 2 monsters are having a tug-of-war and the market price refused to fall. Then it is the sideway market then. This is an absolute disadvantage to me. As the saying goes, "consolidation breeds advanced patterns". SO, here we are now, with a possible bearish gartley pattern. Before the price could advance back into the selling zone of 5070-5085, SL can be make 10-20pts abv that, there is a wall of barrier that might kill the beast before it is reaching for the target. The resistance zone from 4970-5040. This trade if valid is very fruitful as the 1st tp could be seen at 4850 and 2nd tp at 4750. Advanced patterns traders could look out for this. *plan your trade and trade your plan... gud luck* bearish gartley resistance : 5070-5085 (kill zone) resistance : 4970-5040 support : 4750-4850 (bull validity is here) 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!
MYX:FCPO1!Short
by HAIDOJO_trading
2
FKLI TRADING : 307) bear has emergedthis is number 307... the trend has reversed since 22nd OCt 2021. It has broken below the previous "higher-low" candlestick and therefore has reversed the trend. SO now, the most practical trading strategy would be "short on rebound" until the change of the trend. After the short while of rebound, the market has shown "exhaustion" and now even daily chart is still in uptrend, the trend is in downtrend now and bear is in charge. The closest support region ranging frm 1512-1524, with the critical low at 1506.The closest resistance range frm 1560-1580. Ever since the 1st nov 2021, a huge gap down has "bottled" the price into a tight range frm 1524-1544. Next level of support is 1512, then 1500, then 1480...this is a very critical support... *plan your trade and trade your plan... gud luck* immediate resistance : 1560-1580 immediate support : 1512-524 critical support : 1480-1500 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*
MYX:FKLI1!Short
by HAIDOJO_trading
FCPO TRADING : 306) bracketing the market and potential reversethis is haidojo and the number is 306 ... Today is 8th Nov 2021 and fcpo-Jan22 is going to expire next week. Nov is a bit tricky with last Friday when suddenly fcpo-Jan22 gap down close to 100pts and went down...If you are holding long positions, then thr is really not much u can do...cutting loss is the most logical thing to do btw... As for the previous trading day, we could see a false breakout formed on thursday and a huge gap down on friday...it is not looking gud for the bull but the resistance is still at 5040 while the support is at 4844 - 4750...IF the price moves abv the 5040 level, THEN we can look for long on the bullish ride. IF the price moves lower than the 4750, THEN we could short on the bear grip. what IF the price locks somewhere in between? for me, I shall do absolutely nothg...well, that's my plan...bcox market is moving sideway...sideway is no gud for me... ok, folks. that's all for tdy...I try to update more often but really, duty calls...and it sucks... *plan your trade and trade your plan... gud luck* resistance : 5040-5220 support : 4750-4840 (bull validity is here) 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!
MYX:FCPO1!
by HAIDOJO_trading
KLCI Plunged by 2.01% With Support Hold at 1520Malaysia slumped despite US markets gains as the proposed one-off prosperity tax and weighed market sentiment. However, the valuation of the local market remained attractive despite the Prosperity Tax compared to regional peers. Market hit day low at 1523.5 and reached on the Major support level at 1520. Stochastic level near to Oversold level at 30.00. Pending for confirmation if market would rebound from the major support level or further declined to next Major Support level at 1500-1510?
MYX:FKLI1!Short
by happytrading96
FCPO TRADING : 304) RM5k here we come! this is haidojo and the number is 304 ... Today is 13th Oct 2021 and fcpo-dec21 is going to expire in 2 days or less. October has been blessed with the continuation of aggressive bull which resumes the rally frm last month. Still, the momentum of the long-run bull persists and there is no sign of slowing down. If you are trading some kinda trend-following/continuation trades, this could be your month. As for today, the fcpo-dec has broken abv and closed abv RM5k. A historical benchmark and also an important milestone in the history of the fcpo price. So how far it could go? that is a million dollar question. U can projectile it using whatever indicator/method you like, but my conclusion is simple. I shall continue trading "long" as long as it is an uptrend. IF it reverses, THEN stick to the downtrend. Follow the trend. As simple as that. IF it consolidates, THEN it is not gud for me. haha. I dun have strategy for sideway yet. There is idea, but not yet tested. One more precaution we might want to take heed is the tide might change after the exchange date of 16th Oct 21- which will fall upon us in no less than 3 days. SO, till then...stick to "long on retracement", with effective stop-loss. THEN wait for the new trend OR continuation of uptrend on 28th Oct 21 with new active third month, fcpo-Jan 22. *plan your trade and trade your plan... gud luck* resistance : 5040-??? support : 4930-4980 critical support : 4753-4820 (bull is valid till here) 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!
MYX:FCPO1!Long
by HAIDOJO_trading
FKLI TRADING : 305) full reversal of trend has happenedthis is number 305... As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts. SO now, the most practical trading strategy would be "long on retracement" until the change of the trend. We are in recovery phase frm the fearful covid-19 pandemic therefore fkli is expected to rise to even higher region, 1655-1685, which could only be seen somewhere Dec last year to early this year. the closest support region ranging frm 1580-1600 and the closest resistance range frm 1611-1631. hence, there is a high chance we might closing in the range abv 1600 and testing 1700 during the end of year window-dressing period. However, that is still too early to say. Hopefully, US and other big market dun catch us by surprise. *plan your trade and trade your plan... gud luck* higher resistance : 1655-1685 immediate resistance : 1611-1631 immediate support : 1580-1600 critical support : 1560 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*
MYX:FKLI1!Long
by HAIDOJO_trading
FKLI TRADING : 303) downtrend oh donwtrendthis is number 303... fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563. IF the price breaks above the 1552.5-1563 resistance, THEN it will retest the 1580-1600 resistance. IF it falls below the 1513-1524 support level, THEN it will go to 1482-1497. I am of the opinion that if the market still lacks any sentiment or "exciting" news, it will continue to slide and drop... as there is still much uncertainty and the market is still haunted by the ghoully effect of covid-19, it is still more doom and gloom than glory. As in term of technical analyst, fkli-oct needs to break higher than 1552.5-1563 to reverse the downtrend and invites the bull home. *plan your trade and trade your plan... gud luck* higher resistance : 1580-1600 immediate resistance : 1552.5-1563 immediate support : 1513-1524 critical support : 1480-1500 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*
MYX:FKLI1!Short
by HAIDOJO_trading
2
FCPO TRADING : 302)into the abyss....no man landthis is haidojo and the number is 302 ... Today is 1st Oct 2021 and fcpo-dec21 is the active month. After a long awaiting of consolidation since July this year, fcpo price finally made a move which breaks into a new structure high yesterday, 4598 high and closed at this all-time high. Yes, that is correct. You are witnessing a history being made right now. This price and level has never been reached before, therefore I named it as the "no man land". As the excitement grows, so does the danger which lurks behind the high price, as I am watching it right now, it opens at slightly lower level, 4550++...but still very close to the highs. The closest support I am observing is 4525, the previous highest close ever in mid-aug this year. As long as the price doesn't break lower than the support of 4320-4374, then it is still considered as uptrend... Another move we need to take note is, as yesterday, the last day in Sept, fcpo-dec21 opened with a gap-up of nearly 90pts++(closed on 29th Sept at 4451 and opened at 4544). A gap could mean a continuous of the trend and also could mean an exhaustion gap, depending on what will happen next. Watch out for Double-Top formation or any kind of gap-down-go-down scenario in this week. That could becomes some kinda "head" formation and indicates a possible reversal...IF none of these happen, uptrend prevails...bull still has strong grip. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated. *plan your trade and trade your plan... gud luck* resistance : 4600 -??? immediate support : 4525-4560 critical support : 4320-4374 (bull is valid till here) 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!
MYX:FCPO1!Long
by HAIDOJO_trading
2
FCPO TRADING : 301) consolidation and a bearish gartley patternthis is haidojo and the number is 301 ... today is 14th Sept 2021 and fcpo-nov21 is going to end soon. In two days or less, fcpo-dec21 is going to emerge as the new third active month. We have been in this sideway since the retest of the high near the end-of July 2021. It is almost 2 months now. Adding on to the chart is that, now we are having an "ascending triangular pattern" which could break on either side. If the price breaks below the previous higher-low at 4100-4180, then we might have risk a reversal to the downside. If the uptrend continues, then the price will move towards the previous high ranging frm 4476-4525 and even break the recent high of 4560 and create a new structure high. Sideway is bad for my trading style as I trade following the trend. So as u see, there is a bearish gartley pattern but pls DON'T enter now as it is a late entry now. ...and I don't trade advanced pattern in fcpo...because there isn't much advanced patterns in fcpo. Average 8-10 trades per year. Don't trust my words 100%, go test for urself. Believe ur own eyes and brain instead of senseless rants I am saying here. Do the same thing to the rest of the "gurus" out there. As recently, I see more and more unlicensed, marketing gurus try their very best to pretend as traders and trading masters. You probably ask, " How do you know? How do you know they are not real? " Answer, "It is simple. Look at what they promise u. Normally 3 things. 1. U can learn trading fast. 2. U make tons and tons of money with little or less experience/modal. 3. There is ONLY ONE way of trading, which is their way. They hold the "holy grail/loopholes" in the system and if u use other method, u are going to lose money." I know some ppl don't like this kind of comments, but for whatever reason, I think I need to warn ppl especially frm Malaysia, as I see more and more ppl claim they are this ...they are that...but when prompt to show their trading records and such, they will start gibbering. If they are those who really been through the trading struggles and live to share their stories and experience, I welcome these ppl. They are the light at the end of the tunnel. PLiz don't hide behind the mask of a trader whose real identity is a marketer who sells course for a living...I have been scammed many times by these marketers pretending as traders therefore I despise these ppl so much. It is already a troubled time. Don't add burden to the ordinary ppl and those who really try to seek the way to trade for making a secondary income. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated. *plan your trade and trade your plan... gud luck* higher resistance : 4476-4560(the record high) immediate resistance : 4300-4335 support : 4100-4180 lower support : 3880 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!
MYX:FCPO1!
by HAIDOJO_trading
1
FCPO TRADING : 300) head and shoulder patternthis is haidojo and the number is 300 ... today is 2nd Sept 2021 and fcpo-nov21 is still the active third month. so u will see a huge head-and-shoulder pattern in hourly and daily charts. IF the neckline/blackline is broken, THEN we have a confirmation of reversal and we can start turning to short on rebound as our strategy. the support level to take caution is between 4180 - 4090...almost a 100-pts range. next level of support to look at is 3880. however, IF this level holds and the neckline is not broken, THEN it will most probably search back retest at 4300-4335. My biased opinion is we have a pretty high chance of witnessing a breakout today and it could be a gap down too. haha, juz my wild guess. fcpo price has been hovering in the high (4476-4560), the record high since the end of July 2021. SO it is more than a month now. we got some chance that the market is having some kind of new move right now. Tug-of-war between the bear and the bull has to come to an end. The winner will appear pretty soon. IF they fail, THEN the buffalo will remain in charge. Buffalo? Yes, it stands for sideway market. Heavy and not moving. that's all for now, folks. IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated. *plan your trade and trade your plan... gud luck* higher resistance : 4476-4560(the record high) resistance : 4300-4335 immediate support : 4180-4190 lower support : 3880 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!
MYX:FCPO1!
by HAIDOJO_trading
FKLI TRADING : 299) celebration moodthis is number 299... The announcement has been made yesterday. The "you-know-who-he-is" has made an important announcement that he is resigning...and the whole market is celebrating...yeah, yahoooo, yesssss... OF course not, the market is celebrating bcox there is an uplift frm the stricter mco to a more lenient emco and the opening of the 18 industries for economical recovery. that is the main reason for fkli-aug to shoot all the way up frm low of 1500 to 1524 tdy on 17th Aug 21... I am not an economist so I won't cover much abt the economy part...but for the technical analyst part, fkli-aug has made an ISH (Initial Structure High) in hourly chart and might move further up to test 1532-1538 b4 challenging the strong resistance at 1550... Of course, new PM and new government which is formed will oso bring some impact on the economy and stocks market as well. I believe that the stocks market will show some kinda rebound as well. fingers cross. Albeit all the gud factors, market is still haunted by high covid-19 infection numbers, vaccination numbers which is still low, the market recovery and unemployment/retrenchment issues on the rise...so, this could be a temporary release of the falling pressure and the rebound could be a short lifespan and a longer sideway market could prevail...so I am bullish in the short term as a rebound/recovery and still maintain bearish in mid-to-long term. IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1522-1538 support : 1494-1505 critical support : 1478-1486 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*
MYX:FKLI1!Long
by HAIDOJO_trading
FCPO TRADING : 298) bearish divergencethis is haidojo and the number is 298 ... today is 16th Aug 2021 and it is the first day of the new exchange date. Now the third active month for fcpo falls on fcpo-Nov21. so, nothing excited happens tdy...the recent high of 4560 is not broken...and if you scrutinize the daily chart properly, it actually reveals that the previous high formed in mid-May 2021 at 4525 is not even broken yet. ps : WHy? I tot u said earlier that the new high is formed at 4560...? my own ps answering the ps : yes, but thr is no higher-high, higher close which is formed abv the 4525 in daily chart. ps : What? What the freak does that mean? my own ps answering the ps : That means the daily candlestick/price needs to break abv 4525 (it is already done), and closed abv 4525 (not yet) Another discovery is that the daily RSI is showing bearish divergence. It means the price continues to go up but the RSI is going down. For me, I need another gap down go down to confirm a reversal. OR the price sticks at that level for another few days...(or few weeks/months, yesss, it has happened b4). IF the price keeps moving up and creates a New Structure High by closing abv 4525 in daily chart, then turn to long on retracement. (that means buy when it dips, and be super careful! if u have no trading plan and no Stop Loss, pliz dun do that!) One more thingy, I started talking to my laptop nowadays. Whenever my gf found out that, she would ask me whom I am talking to? I normally replied, " I am talking to my pets" she would say "...but your pets are ...hamsters. They know how to read charts now? " I kept fighting, " Well, they don't. That's WHY I am explaining to them..." gf "... " I hope that is not schizophrenia in the play. Social distancing and movement control thingy is still happening here in Malaysia. I have a fren who hasn't gone out to buy anything in 2 months. ...and I just hope that I can go out for my lunch and dinner soon. that's all for tdy ...if u are frm Malaysia, be safe, stay at home... *plan your trade and trade your plan... gud luck* immediate resistance : 4476-4560(the record high) immediate support : 4330 lower support : 4187-4190 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!
MYX:FCPO1!Short
by HAIDOJO_trading
8
FCPO TRADING : 297) to the peak againthis is haidojo and the number is 297 ... Yesterday, another test to the peak at 4476-4525 since the July trial. This level was seen in mid-May this year. IF this level is broken and new high is created, THEN this new high is unprecedented and it has never been reached b4. This is where I call it as the "no man land" region. \ Yesterday, new level is breached at 4548, but it closed slightly lower at 4505 bcox of profit taking. This formed an "inverted hammer" in hourly candlestick pattern. Unknown to what is going to happen today, I guess we have reached the top. Why? Yesterday, fcpo-Oct gap up 100-pts and went up another 250pts! That is one of the sign that the momentum of the bull has reached its peak. It has already given out all its strength. So, look at what will happen today (12th Aug 2021). 2nd reason is, fcpo-aug is going to expire tomoro. Next Monday, on 16th Aug 2021, new active third month fcpo-Nov will emerge. However, for the bull supporters, it is not all gloom and doom. RSI of the hourly and daily chart are not at "overbought" region yet. SO, there is still chance to create new structure high. See how it plays out today. I need to post now or else, ppl will claim me "cheating", for seeing the results first and typed this thing later. HahA. that's all for tdy ...if u are frm malaysia, be safe, stay at home... *plan your trade and trade your plan... gud luck* immediate resistance : 4476-4525(the record high) immediate support : 4400-4300 lower support : 4187-4190 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!
MYX:FCPO1!Long
by HAIDOJO_trading
4
FKLI TRADING : 296) a bullish divergence signalthis is number 296... fkli-aug has a fresh start with sliding near the support level of 1486...today, it is seen that a bullish divergence signal has appeared. the price has slid lower but the RSI going up, sometimes it is called rsi divergence too. this happens in hourly timeframe, so u can check it out. Of course, this doesn't mean u should jump in and ride this bad boy straight away. For me, I would wait for a breakout above the Lower-High of 1534 before anything. SO, u should still stick to ur trading plan if u have any. If u dun have, get one. IF the rebound attempt fails, we should see some support at the next level at 1457-1460...that's all for the update. IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc... *plan your trade and trade your plan... gud luck* higher resistance : 1550 immediate resistance : 1516-1533 critical support : 1486 lower support : 1457-1460 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*
MYX:FKLI1!
by HAIDOJO_trading
2
FCPO TRADING : 295) uptrend still intactthis is haidojo and the number is 295 ... after a retest of the historical high 4430-4525 which was failed at the end of July, yesterday we could see that the bull has not given up yet... close to 170-180 pts rally up yesterday shows that bull still wants its share in the fcpo market. However, whether the uptrend momentum will continue or not is still a questionable quote. As the momentum of uptrend has a powerful swing yesterday, a few scenario might appear today. Either continuation of the momentum or the exhaustion and reverse. that's all for tdy ...if u are frm malaysia, be safe, stay at home... *plan your trade and trade your plan... gud luck* higher resistance : 4476-4525(the record high) immediate support : 4080-4190 lower support : 4050 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!
MYX:FCPO1!Long
by HAIDOJO_trading
FCPO TRADING : 294)retest the previous highthis is haidojo and the number is 294 ... after the recent rally, bull has its grip back. Till yesterday, it has gone back to the previous level at 4400... so the next level we are looking at is, the previous high in mid-may 2021, and also the highest price ever in fcpo since 2008...4430-4525 if it falls back for consolidation, we shall see some support ranging frm 4200-4300... that's all for tdy ...if u are frm malaysia, be safe, stay at home... *plan your trade and trade your plan... gud luck* higher resistance : 4430-4525(the record high) immediate support : 4200-4300 lower support : 4050 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!
MYX:FCPO1!Long
by HAIDOJO_trading
July21: FCPO (Daily) - Wide Range, Sideways Up...🐮📈Maintain sideways view, price continued rallying on weak volume, reached prev R@ 406x-418x area. Expect some retracement upon violating steep UTL, price may find support near S zone. Major S&R zone R1: 406x-418x Major R2: ~4.4k S1: 366x-386x Major S2: 3.2-3.4k Looking for swing long on retrace. Maintaining longer holding period positions lately due to lack of monitoring time. Lesser posts here, due to TV deleting some of my posts (😤). I still post more in my own public channel. :) Happy Hunting! 🚀 -JK-
MYX:FCPO1!Long
by jeanne_k