Week 38: ZSX 2020 is breaking the limit?I am going to layout three signs for this week for ZSX2020:
(1) The limit breaker at $1,005 zone, if today the price is closed at $1,005 or higher, then the sky is the limit.
It will soar to the unchartered territory, no reference to the historical price as to how high it will go to the north to meet the white walker.
(2) The mid-zone at $998 to $994.
This zone is a resting zone, if the price come and visit this area, it is likely the price will look for momentum to go higher.
In point #1, if the limit is broken, it will fly immediately to the sky. However, in point #2, the price will make a pullback first to bounce higher.
(3) The confirmation at $983.
The overall outlook now is Super Bullish, it doesn't matter which Time Frame you are looking at the price.
The momentum candle is super strong, we only can safely say that the trend is changing, when the price is closed at $983 or lower.
Anything above $983, the price is still with Buyer territory.
No trade this week as there is no confirmation, even we can say that right now is still bullish, BUT it gives us a dilemma.
=> If we want to long, we do not know our exit strategy as there is no reference. It could be a false bullish move; after going $1,005 then closed below $1,000. Then we will be caught in a false move and the price will plunge very fast.
=> if we want to short, we are against the trend and momentum, this is also a risky move.
Therefore, for this week, we better sit tight and watch. I will update again in mid-week (Wednesday) if there is a confirmation move.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Satayfx
Week 38: FCPOX 2020 is forming a Double Top?Week 38: 14 to 18 September 2020
FCPOX 2020 analysis
Last week the prices were consolidating in a wedge, it is similar to the Bullish Flag pattern.
Therefore today's price was open higher and creating a price gap rather wide.
The level to watch is MYR 2,892
If this price level is broken, the price will go higher. However, if it fails to break, then we are anticipating a Double Top formation with an immediate Take Profit at MYR 2,811. The overall outlook is still bullish unless the price comes down to MYR 2,725, then we can say that the price is changing its direction.
For today we are still neutral until we see a confirmation sign.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 37: ZSX 20202 is getting close to our Sell LimitThe bullish week for ZSX 2020 will come to an end, the price is approaching the Supply Zone soon.
If you are following the LONG position last week, this week is time to exit from your trade and switch to sell.
Despite until today there is still no sign of slowing down, but historically $975 will hold its level.
And here is my personal trade opinion on ZSX 2020 (Same as last week):
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 37: FCPOX 2020 is worth a waitWeek 37: 07 to 11 September 2020
FCPOX 2020 analysis
Last week the price broke the resistance level, however it was not a clean break.
It means, it was not really a sign to be bullish yet. We are anticipating two possibilities:
The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area.
(1) If the price bounce at RM 2,745 area, then it is a good sign to look for a BUY.
(2) If the price is back inside the previous consolidation zone, we can be sure that the past 2-3 days are just a False Breakout.
We will sell the whole-nine-yard when it happens.
That's why I recommend if we just sit tight and watch first, for now (Monday), no clear direction.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 36: FCPOX 2020 is stagnantWeek 36: 31 August to 04 September 2020
FCPOX 2020 analysis
If you are still holding your LONG position from last week, now it is a good time to liquidate your position.
Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent before the storm is coming, as a trader, we shall wait and follow the next movement.
This week, I would rather wait and see. I will place two lines:
- if the price break RM 2,840, then I will look for a setup to buy
- if the price break RM 2,600, then I will look for a setup to sell
For now just chill.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 35: FCPOX 2020 remains at the Up Trend ChannelWeek 35: 24 to 28 August 2020
FCPOX 2020 analysis
This week is a continuation of last week consolidation, the price remains inside the up trend channel.
As we are waiting for the price to break the channel, as at today, on the lower time frame we see that the potential to be bullish is higher than last week.
This week my personal call is rather risky as the ratio is less than 2R.
Entry Buy Limit at $2,645
Stop Loss at $2,562
Take Profit at $2,800
Risk Reward Ratio = 1.73R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 36: ZSX 20202 let's do the counter trend!Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down.
When everyone is having bullish reading, it is a good opportunity for us to Short.
I would split my call today into two sections:
If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020.
Not much upside, but you can do a "quicky" as follows:
Buy at market which is now around $964.50
Take Profit at $975 area
Stop Loss at $960
And here is my calculated trade opinion on ZSX 2020:
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Bitcoin is bearish looking, good potential to Short now.The outlook on COINBASE:BTCUSD is rather clear, after the Up Trend channel broke, it doesn't make a higher high. We saw a potential U-turn with the immediate profit taking at the RBS zone.
Here is my personal trade call:
Sell Limit at $11,648.50
Stop Loss at $11,922.50
Take Profit at $10.522.50
Risk Reward Ratio = 4.58R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 35: ZSX 2020 Bullish FlagLast week ZSX 2020 had hit our target profit at $918 and immediately retraced to $902 level.
This week, the price action shows that now the price is still consolidating at $902 to $906 region; in addition, we also saw two potential entries to long.
In general, I am still Bullish bias this week, similar to last week, $902 hold an important significant Support.
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Buy Limit 2 at $893
Stop Loss at $892 ( yes, just $1 Stop Loss )
Take Profit at $918
Risk Reward Ratio = 1.67R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
SGDIDR is heading South soon. This August 2020 , we are expecting FX_IDC:SGDIDR to tumble at 10,919.605 area.
For the past two months the prices are compressed tightly. Hopefully before the 17th August Independence Day, IDR will emerge stronger than SGD.
Here is my Trade Opinion :
Sell Limit at 10,919.600
Stop Loss at 11,073.700
Take Profit at 10,072.100
This will give you Risk Reward Ratio of 5.8R
Disclaimer :
Follow the trade call with your own risk appetite, I am not responsible to your losses.
When your trade is on the profit zone, move your Stop Loss at Entry Level.
Week 34: ZSX 2020 Slight bullish sentimentCurrently the price is soaring up to the upper part of the zone and if we look to the left, we can expect the price to move sideways before collecting the Supply Zone.
Despite being bullish bias, I will not buy at market, instead, I prefer to buy at a better price (discounted price).
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Stop Loss at $893
Take Profit at $918
Risk Reward Ratio = 2.13R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Gold will lose its shine at $2,029 areaGold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion :
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 34: FCPOX 2020 is in the middle of the range.Week 34: 17 to 21 August 2020
FCPOX 2020 analysis
If you are following last week analysis, we were bullish for FCPOX 2020.
However, this week the price is exactly in the middle range which is risky for us to trade.
The current range is around RM 200 with an immediate resistance at 2725.
This week no trade call, as the Risk Reward Ratio is only 1R, practically it is a gamble trade.
However, should 2725 resistance broke; we are aiming for 2800 to be hit; else it will move sideways.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Small Pullback Before Taking OffThis is an update from my previous post on DBS:
Currently we have a risk free trade trade running on DBS SGX:D05 .
Today I see another opportunity to be bullish, however we have to wait until it retraces to the nearest level.
Big players are in the midst of profit taking from the previous bull run.
Technically: downtrend channel resistance had been breached, we are waiting for the small pullback and buy from that area.
This week my trade opinion :
Buy Limit at $20.50
Stop Loss at $20.20
Take Profit at $21.78
Risk Reward Ratio = 4.27R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Keppel Corp will continue to be bearish to S$4.00Hmm what's my train of thought on this ticker SGX:BN4 , at first glance, it's bearish .
Just a quick one, I would like to split into two style of trades:
For a scalper :
Mark the area $4.76 to $4.90, that is our waiting zone area.
Once the price break either Support and Resistance, then you know what to do.
If break the Resistance, our TP is at $5.20
If break the Support, our TP is at $4.00
For a swing trader :
Here is my trade opinion:
Sell Limit at $5.20
Stop Loss at $5.46
Take Profit at $4.00
Our Risk Reward Ratio is 4.8R
As usual, disclaimer :
The above is for our discussion and education purposes only. You may follow the opinion above but at your own risks.
When your trade is on the profit zone, move your Stop Loss to your Entry. Always protect your risk and you will be trading with a risk free.
Week 33: FCPOX 2020 We are still BullishWeek 33: 10 to 14 August 2020
FCPOX 2020 analysis
Last week the prices were ranging in a tight consolidation, our Buy Limit was not triggered yet; my view towards FCPOX 2020 remains the same.
Buy at retracement level, hence we minimize our risks.
This week trade call similar to last week with a small refinement:
Buy Limit at 2611
Stop Loss at 2560
Take Profit at 2790
Risk Reward ratio = 3.6R
Disclaimer :
This is for education purposes, you may follow with your own lot sizing and risk appetites.
As usual, I would like to make it as a habit, once your position(s) is/are in the profit zone, please move your positions to Break Even.
Great Singapore Sales on D05 (DBS), we wait for a better price.SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet.
The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45
Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock.
My personal call:
Buy Order Limit at $19.50
Stop Loss at $18.80
Take Profit at $22.09
Optimal Profit at $23.50
Risk Reward ratio = 5.8R
Good Luck.
Disclaimer:
This call is for education purposes only, lot sizing is totally up to your risk appetite.
As usual, I would recommend shifting your Stop Loss to your Break Even level once your position is in the profit zone.
Always master your risks and your profit will come naturally.
Week 32: FCPOX 2020 At the crossroadWeek 32: 03 to 07 August 2020
FCPOX 2020 analysis
This morning the market open with a gap up and stopped at 2724 (at the same level as previous high).
For here on, we better wait for a better signal, because:
(1) if the 2725 level is being respected, it means the market will form a double tops.
(2) if the 2725 level is broken with a clean break (bullish momentum), then we can ride up to 2830.
For my own preference, I prefer to wait until the price make a small pullback at 2645 area.
This week trade call:
Buy Limit at 2645
Stop Loss at 2563
Take Profit at 2830
Risk Reward ratio = 2.3R
Disclaimer :
This is for education purposes, you may follow with your own lot sizing and risk appetites.
As usual, I would like to make it as a habit, once your position(s) is/are in the profit zone, please move your positions to Break Even.
Week 31: FCPOX 2020 Preparation to ShortWeek 31 (27 July - 30 July 2020)
Code: FCPOX 2020
As at today, the price is still within the trend channel, ranging in the middle of the zone.
There is no a confirmation to take any actions yet, personally I am quite bearish bias and we should wait for a price confirmation to sell.
For an aggressive trader:
If today/tomorrow price is closed below 2640, then we can start selling.
As for a confirmation trader, we can wait for a Pull Back sign:
(1) wait for the trend channel is broken
(2) wait for the pull back at 2666 area
(3) then you can execute Sell Order
How about LONG/BUY? unless the price can beat the current bearish momentum and broke out of the channel at 2700 and above, we are aiming the price to go as high as 2800 area. However, your Risk and Reward ratio is not favourable; hence I am still leaning toward Bearish Bias at the right setup and price confirmation.
My Call for this week : (provided the above conditions are met)
Sell Limit at 2666
Stop Loss at 2700
Take Profit at 2520
Optimal TP at 2450
Risk and Reward ratio: 1 to 4.3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
FCPOX2020 Bullish exhaustionWeek 30 (20th to 24th July 2020)
Futures code: FCPOX 2020
This is my first post analysing CPO Futures and I will try to make it a weekly post.
Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum.
If you are an aggressive trader, you can start Shorting FCPOX 2020 at 2650 (Sell Limit), alternatively if you are a confirmation trader, you can wait whether today's price will be closed as a bearish candle.
This week trade call :
Entry at 2650 (either at market or Sell Limit)
Stop Loss at 2690
Take Profit at 2505
Optimal Take Profit at 2450
RR ratio, at least 1:3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
USDSGD will re-test the resistance level or Bullish all the wayUSDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL).
If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to advance further (see R1, R2, R3).
What we are seeing now, the prices are creating a momentum (by producing a tight compression); direct frontal attacks had failed three times, now it will be an accumulation of massive attack to "The Wall". I marked the level 1.36155 as the decision level either the price will advance further to the North or will be rejected again.
When the price is reaching "The Wall" what we need to observe is a Price Action, in my opinion, likely "The Wall" will be breached either using a Dragon or Massive foot-troops crossing the decision level.
What if you miss the opportunity to LONG? the market is always forgiving, when "The Wall" is breached, put your Pending BUY Order at 1.36155
Let the war begins!