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USD Malaysian Crude Palm Oil Calendar Futures

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CPO1! trade ideas

The combination of gcov5 and TCD osc = high precision & win5m chart, overall condition analysis. The combination of gcov5 and TCD osc will give more strength to a decision whether to buy or sell. In turn, it can increase accuracy and win. how to get a win in all positions? 1. refers to bull/bear trend ( TCD osc) 2. find a gcov5 signals based on SnD zone and early TCD trend 3. buy price 3 ticks below the close of the signal candle, and sell price 3 ticks above the close of signal candle, so that we can get a tick advantage. If a high candle formed, so enter half candle price. What to do if we miss the signals? sometimes, we miss a buy signal after several candles. We can still enter the market by referring to the nearest support as a buy area and resistance as a sell area. For attention, do not proceed into market if 1. the price breakdown a support or 2. if we have missed the signal too far DISCLAIMER; This post is not meant to be a buy/sell call, just ideas and research analysis based on measurement tools.
MYX:FCPO1!Education
by TraderAsist
3
Identify reversals and confirmation.Step to identify the beginning of a reversal and making a decision for a trade. 1. Draw/mark the current trend based on HH/HL/LH/LL, and use the trend line at those points. 2. If the current price crosses the trendline, that's an early signal for a reversal. 3. confirmation of a reversal when the price breaks the structure/pattern (bottom/top). 4. After the above happens, the weighting of the position in the small timeframe (3m/5m) is based on the larger timeframe (1H). For example, 1H reversal up and then 5m should look for a buy signal/keep buy. 5. The distances of target for the buy condition must be limited in the supply zone=previous higher high/lower high. Vice versa, a distance of targets for the sell condition must be limit in the demand zone=previous higher low/lower low. 6. you can combine with other measuring tools such as stochastic or RSI. The example here uses Trend Circle Divergence (TCD) based on RSI, wave of momentum, EMAs, and MACD. *Please refer to the chart below for in-depth information and analysis. How do reversals happen and identify appropriate positions? Price action/movement, patterns, and their effects
MYX:FCPO1!
by TraderAsist
FCPO Week 9 2024 - Still bearish.FCPO is coiling. Price is almost stalling last week. It goes up one day and then it got taken out the next day. So at the end of the week it is more or less moving no where. It might do the same next week within the flag formation. Still with bearish view for price to move to 3720 area which might be the support area before price eventually moving higher. The bullish view will come into picture if price move and close above the flag resistance area.
MYX:FCPO1!Short
by edramlan
9
FCPO ANALYSIS 23.02.20241) The structure forms a new lower low, indicating downward pressure in the current trend. 2) There's a breakout from the support trendline which is likely to turn into resistance. 3) Price movement is expected to rise towards the Fibonacci retracement area between 50-61.8% before further decline. 4) The boxed area is marked as a confluence zone encompassing the upper trendline, the trendline-turned-resistance, and the Fibonacci retracement area of 50-61.8%. 5) The significance of the Fibonacci 50% level in price reactions, particularly in commodity contexts.
MYX:FCPOK2024Short
by Rockersgeng
2