FCPO TRADING : 327) gartleys in the playthis is haidojo and the number is 327 ...
Juz a brief update...2 gartleys in the view...
1st one, possible reversal at 6310...counter-trend trade, cannot hold too long...
2nd gartley, possible reversal at 6080...another counter-trend trade, same issue...cannot hold too long...(this is what I probably would do, no indicator of buy/sell, trade on your own risk)
9th June 2022
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 6650-7080 (6310 possible reversal point)
lower support : 5380 (daily critical support)
support : 6310-6400
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!
Malaysiastockmarket
FKLI TRADING : 326) possible reversal signthis is number 326...
9th May 2022 was indeed a false alarm. So, back to our story in fkli both limits which are the 1480 --the low and 1612--the top are both not broken. so basically we are still in the box. Sideway, and our best strategy is still trading in the box strategy, which is short on resistance and long on support...the trending is actually a "no, no".
the alphabets you saw on the diagram are "LH--NSL--ISH", stand for " Lower-High, New Structure Lower, and Initial Structure High...hence, it is a signal potential for a reversal. so I will look for a long position. Again, this is not a signal service channel and I am not giving any signal of buying nor selling. I am just saying that is what I am going to look for if I were to trade.
As for the fundamental stuff, or for stocks, stay alert on news on when is the next GE going to take place and also the potential hike of interest rate to tackle the very high inflation. That's all folks. Happy hunting and stay safe. 2nd June 2022
higher resistance : 1612-1618 (highest resistance so far)
resistance : 1570-1578
immediate support : 1547-48
lower support/critical support : 1527 / 1480 (1480 is the lowest support we had since Nov 2020)
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*
FCPO TRADING : 325) in the crossroadsthis is haidojo and the number is 325 ...
For the first half of the May, price moved in downtrend until it hit bottom at 5925 on 19th May22. After that, it made a series of jagged uptrend and here we are...at the crossroad of 6400, going down we see some cushion of support at 6310, and 6080../higher level we could expect some resistance near 6650, 7080...
As for the diagram, you could see "HL - NSH --ISL" they stand for "Higher-Low, New Structure High and Initial Structure Low". In this sequence, normally I would expect a reversal to happen where I might shift to looking for range for a short position, but this one is a bit special...as price kinda scurrying right below the support-turn-resistance line at 6310 and refused to give in. So, Bear hasn't won yet. Not quite yet. Now as the price moves back abv the support line of 6310, then we could see some momentum moving upwards but till more higher-highs and new higher-lows are formed, we are not sure whether this is a sideway move or just a crazy Bull trying to warming up...
2nd June 2022
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 6650-7080 (6310 possible reversal point)
lower support : 5380 (daily critical support)
support : 6310-6400
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!
FKLI TRADING : 324) sideway : a sliding down downtrendthis is number 324...
It has been downtrend since 5th May 2022, from the top 1612 and now waiting for the news frm 9th May 2022. War-infested regions might escalate or stop after today. now, waiting for 1540 to see whether it is the reversal point or slide lower. Overall, fkli is still in sideway. We are still looking at the bottomline at 1480, the lowest current low and the 1612, the closest high. Once these boundaries are broken, then we might have uptrend or downtrend but as long as we are still within these range, fkli is still locked within these walls.
So, not much strategies on consolidation market, but counter-trend is probably the best strategy now.
resistance : 1600-1612
support : 1570-1578
support : 1547
critical support : 1480
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*
FCPO TRADING : 323) uptrend but 9th May22 news !this is haidojo and the number is 323 ...
In the whole April, thr were another 2 Double-Tops (DT) on 27th Apr22 and 29th Apr22, hitting as high as 7132 and 7229! Now, the price could be a "churning process" before leaping onto a higher ground. Of course, this could be wrong bcox we have the "9th May" curse. This so-called curse actually comes from the war-infested region in the North and any news frm thr. Whether the war would escalate or stop. SO it is a "dead" or "alive" situation. The safest way to play this is wait for the "doomsday" to over and watch the technical analyst to tell u what to do after that.
Following the trend is still the safest route so watch out for "long on the dip" with support near 6400 and 6310. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. I actually hold buying already and this is not a signal channel and I am not giving signal trading service. SO dun treat this like one. Careful with the news which could damage ur trades.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 6650-7080 (6310 possible reversal point)
lower support : 5380 (daily critical support)
support : 6310-6400
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!
FKLI TRADING : 322) sideway : boring yet dangerousthis is number 322...
Today is 4th Apr 2022, and fkli-Apr22 is in a short-term uptrend since 8/9th March22 when it hit the bottom at 1518-1526 support. After potentially having a LH (Lower-High) on 1st April 2022 and a ISL(Initial Structure Low) on 29th March22, it is more likely that the price will go downhill after this.
In order to reverse this, price have to move and break abv 1612 and stay abv it...until then, still downtrend. Daily chart has been sideway ever since June 2020. The huge range now is ranging frm 1480 -1612. 1480 is proved to be a critical support level and below this level are 1413 and 1360 levels which are not commonly seen unless there are some real unusual and bad situation.
As for the fundamental part, watch closely to what is happening to the northern countries and war-infested regions. Hopefully it will stop at one point and don't go further into a worldwide issue. You know what I mean, World Web 3. As for the local, watch out for announcement of GE15 (General Election), as it will stir up the market a little. I am betting our dear Price Manager will do whatever he can to stay in power and delaying the GE into yr 2023.
resistance : 1600-1612
support : 1570-1578
critical support : 1480
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*
FCPO TRADING : 321) falling off frm sky?this is haidojo and the number is 321 ...
After hitting a double high on 2nd March22, 7108 and 9th MArch 22 ,7268 (so far, this is the record high), fcpo price has broken into NSL(New Structure Low) and since then fcpo market has been playing sideway frm 15th till 31st March22, ranging frm 5700- 6100...only on last Friday, another NSL---5477 is formed...so , we can conclude that the market is in downtrend now...Next level of support to watch out is at 5380 which is also the support level for daily uptrend. If this level is broken, both daily and hourly charts are in downtrend and we could see some fierce pull-down to happen...
Following the trend is still the safest route so watch out for "short on rebound" with resistance near 5700 and 6040. This is not a recommendation for buy or sell but it is what I am watching out for my own trading plan. However, not all gloom and doom, fcpo-june should see some reversal to happen if it could break abv 6100 and stay there / move higher.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 6040-6100 (reversal of bear to bull)
support : 5380 (daily critical support)
lower support : 5050-5220
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!
VS INDUSTRY: MARK-DOWN PHASE HAS BEGUNTech upcycle which began around 2013 has come full swing and is coming to an end. We are at dotcom bubble stage.
Smart money has completed distribution and has engaged "labor activist" to trigger the mark-down phase. Protect your money.
Expect VS Industry to gradually drop to around $0.20 (>70% decline)
Not investment advice. Please do your own due diligence.
FKLI TRADING : 320) technical rebound?this is number 320...
Today is 25th Feb 2022, and fkli-feb22 is in uptrend ever since the beginning of the month. The huge bullish bat pattern is no longer valid as the leg A is violated. After a break of bad news yesterday, today we could see a fast and furious recovery up to 30pts today. However, whether this recovery is real or is it just a spark or technical rebound is still unknown.
As for the fundamental part, follow dearly the sequence of events in the Northern and war-infested territory. If there is no worse events popping out all of the sudden, then yesterday could be a good entry timing for stocks. If the war deteriorates, then we might get the second or N'th waves of shock from the war-infested region.
As for Malaysia, now the new numbers for positive covid-19 has risen to new high but authority seeks no further of lockdown or similar action so basically it is justified and no longer bothering the fkli price. (?) Technical range and resistance level we are looking at 1600-1612 as the resistance level and support are at 1566-1570. Next level of support is at 1547, then 1516...
resistance : 1600-1612
support : 1566-1570
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*
CHOOBEE To Start to Fly?MYX:CHOOBEE
Technical Analysis
MA 12 crossing up MA26
MACD super buy signal
RSI above 50%
ADX buy signal
Trading plan
Buy price: $1.93 and below
Cut loss price: close below $1.75
Cut loss %: 9.33%
R:R ratio: 2.72
Disclaimer: This is not a buy call. I am sharing my analysis only.
FCPO TRADING : 318) possible reversal but needs confirmationthis is haidojo and the number is 318 ...
After a mild rebound frm 5440-5520 range, fcpo-apr didn't make any New Structure High (NSH) but forming a Double Top (DT). The NSH is 5749 and any breakout pattern/trade needs to move higher than this level. The next level is 5220-5380 was also hit and rebound into 5570-5630 level. Now, fcpo-apr is at the crossroad again...
IF it moves higher, THEN it will breaks the previous NSH and creates more NSH...THEN uptrend resumes.
IF it moves lower, THEN it forms Lower-High (LH), and a possible reversal happens until the price breaks lower than the previous Higher-Low(HL).
So, now juz sit back and relax. Wait for the price to tell us what to do. Till then, do absolutely nothing.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5700-5749 (current NSH)
immediate support : 5440-5520
lower support : 5220 - 5360
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 : 317) bull is chargingthis is haidojo and the number is 317 ...
Hapi Chinese New Year and Gong Xi Fa Cai! Today is 29th Jan 2022 and fcpo-Apr22 is the still the active third month. Nothing much to update but very important if u are trading trend. After a small adjustment on 24th jan22, bull comes with supercharge and breaks into NSH at 5639, closing at 5625 on 28th jan 2022, thus putting the previous high 5380 into history. Thus, the winning strategy is "buy in dip" but with gud SL and not keep buying in the dip...This is suicide.
\The next level to watch are...5440-5520 and the next level is 5220-5380...
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5639
support : 5440-5520
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!
Time to collect Malaysia Tech Stocks? 26/Jan/22Malaysia Tech Stocks Index may find its support near 75.75 which is the confluence strong support zone :- 1) Major Demand Zone (Cyan/light blue rectangle box region )... 2) Region/Zone of The Lower Support Line of the Major Parallel channel (Cyan/Light Blue)
FKLI TRADING : 315) sideway/consolidation market againthis is number 315...
Today is 24th Jan 2022, and fkli-JAN22 is in consolidation or sideway play. Since thr is no bad news nor gud news, so the market has no direction in overall. Thr is an old saying in the market which rhymes as, "Market is not afraid of bad news, it is only afraid of no news". The uncertainty is killing the market now as fkli is highly sensitive to the news in the market. Gud news = uptrend, bad news = downtrend, no news = no trend. \\
As for the fundamental part, which I reluctantly admit it is feasible, in certain time, now is the time to follow the quote "before the General Election, buy the stocks; after the General Election, wait for the fall". Yes, you hear it right. It will fall.
Look at some history lessons for the past 10-20 yrs.
*Bull frm 2005-2007, 2008 election year = US Lehman's brothers collapse.
*Bull frm 2010-2014, 2013 election year, 2015 = correction year led by China stocks market bubble
*Bull frm 2016-2019, 2018 election year, 2020 = market falls due to covid-19 pandemic
So, now the next PRU15/General Election 15 is coming soon in yr 2023 since the last time was 2018 (every 5yrs we have election). Thus, the surviving strategy is sell the stocks before PRU15, then wait and see. Get in after "the fall". This is mid-term to long-term trading for stocks and some guidelines for trading fkli in short term.
Before I forget, I have a possible trade to share. A possible bullish bat pattern. The formation of D leg at 1483 and SL is 5-10pts below the X leg at 1470. This is a counter-trend trade with possible tp at 1503, 1518...
That's all for tdy. Happi Chinese New Year to all and Gong Xi Fa Cai.
resistance : 1545-1575
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*
Malaysia Technology Index waves updated. 13/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
FCPO TRADING : 314) reversal of trend, invalid bearish bat this is haidojo and the number is 314 ...
Merry Christmas and Happy New Year ! Today is 6th Jan 2022 and fcpo-March22 is still the active third month. This is the first post this year. The previous bearish bat pattern is no longer valid as the "X leg" is violated. Yesterday, fcpo-march22 not only broke abv the resistance of 4850 but also retest the previous higher-resistance at 5040. Hence, by doing so, the price has broken abv the previous lower-highs at 4950 and 4914 and a "bullish rotation" is said to have had happened. Now, the tide has changed and the new preference is going for the "long on the dip". The first "killing zone" to lookout is ranging frm 4890 - 4810 with the solid support at 4845-4850...If you have observed dearly, this is the first "resistance-turn-support" region to look out for. The next support to look at is ranging frm 4730-4710.
That's all for the update today.
*plan your trade and trade your plan... gud luck*
resistance : 5040
support : 4810-4890
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!
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*
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!
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*