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USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

FCPO TRADING : 261) new structure high-advanced patterns invalidthis is haidojo and the number is 261 ... instead of staying in the tight range and bouncing up and down, fcpo-apr has made a significant level by creating a new structure high, thus it is sideway market no more, now uptrend has come back...the bull is back! so the advanced patterns are no longer valid, and now the expectation is on whether the price shoots up all the way too the next resistance level at 3700, or it moves back a little and retest the resistance-turn-support level ranging frm 3460-3500...btw, fcpo-apr is expiring in this week... so, there might be some wild cards in the play...beware! this is probably the last update before the Chinese New Year holiday, Gud Luck and Gud Trading! *plan your trade and trade your plan... gud luck* higher resistance : 3700 immediate resistance : 3460-3500 support : 3460 -3500 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
3
Feb08: FCPO (1D) - Sideways-Up to 3.5-3.6k 📈🐮CPO price consolidated past 1-2weeks, supported above UTL & major EMA , bulls took back control by end-Jan. Staying >320x-2x support will see price attempt to regain 3500 & 3600 resistance levels. Expect volatile sideways-up situation for coming 1,2weeks till market resume after CNY 🧧🏮 🔔 Overhead Resistance: 344x-9x, 354x-8x ❇️❇️Longterm Outlook: R2 tested, R1 holding on test, attempting to break above. (check out post link below) Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
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!
MYX:FCPO1!
by HAIDOJO_trading
3
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!
MYX:FCPO1!
by HAIDOJO_trading
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!
MYX:FCPO1!Short
by HAIDOJO_trading
4
FCPO TRADING : 255) bull is backthis is haidojo and the number is 255 ... today, another day of continuous uptrend...price hits higher than the 3450 resistance and stopped close to 100-pts abv previous close... so, officially, the bull is back...wait for long/buy on retracement, that's the higher percentage trading now... those who are looking for counter-trend might wanto hold your horses first...wait for the bull to catch some breath first, or when the uptrend is running out of steam... *plan your trade and trade your plan... gud luck* higher resistance : 3596 resistance-turn-support : 3450 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 : 254) INcoming---more reversal signalsthis is haidojo and the number is 254 ... after hovering in the tight range for some time(a few days), 3170-3300, we witnessed a breakout on wednesday... price action did not one, but two things, 1) creates an initial new high 2)before that, creates new higher-low too... so, now the trend has reversed... if the trend continues creating more and more higher-highs and higher-lows, then we have a new uptrend coming... then, we turn into buy/long on dip...or buying on retracement...that's the best offer frm the market now... now, that is not so much info. in this episode, but...trust me...it is probably worth much more than the paid info out there... hence, giving u guys free for such valuable info...would probably make me...either crazy...or real...ok best of luck *plan your trade and trade your plan... gud luck* higher resistance : 3446-3450 (might reverse bear trend) resistance-turn-support : 3270- 3350 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 : 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!
MYX:FCPO1!Short
by HAIDOJO_trading
5
FCPO TRADING : 250) downtrend persists, bear is in-chargethis is haidojo and the number is 250 ... as for the new arrival of fcpo-apr, it still doesn't turn over the downtrend, which means, it is for real....not a quick retracement... As for today, another critical support has been broken...a "higher-low" in daily chart...(needless to argue, if you don't trade this method, stick to your method)... Significantly, it means, market will continue sliding down...fast or slow? you will know ... lesson learnt here is...when the market is on some kinda trend, dun go fight against it...unless, of course, if only the price-action shows u some "clues"... 3320 support is officially broken... next level of support is ranging frm 3145 -3200 (again, if u dun trade this method, stop wasting ur time arguing with me, stick to whatever plan u are doing) *plan your trade and trade your plan... gud luck* highest resistance : 3464 (might reverse bear trend) resistance : 3320 - 3464 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!
MYX:FCPO1!Short
by HAIDOJO_trading