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FCPOV2023 trade ideas

DEMAND AREA & INSIDE BAR BREAKOUTHello everyone.. today I want to show you how I set up my entries. Based on my experience and analysis, you can check out this video to follow along. First, on the larger timeframe, we see that price has made a pullback in the demand area. Every time there is a big price movement like this, you can mark it as a zone like I’ve shown. Switch to the line chart, and you'll see the demand area there. Once you’ve marked the zone, don’t enter immediately. Go to a smaller timeframe to see what’s happening. On the 1-minute timeframe, there is an inside bar breakout. Wait for the candle to close with a full body, and then enter. The same goes for the two zones I’ve marked. Keep practicing to sharpen your eye for these setups!
MYX:FCPO1!Long
by hafizthalatha86
BREAKOUT STRATEGYThe way to use the inside bar candle together with SNR (support & resistance) zones is by waiting for an inside bar to form near the SNR zones. When the price breaks out from the inside bar, open a position in the direction of the breakout, but ensure it aligns with the reaction at the SNR zones. If the breakout occurs at the resistance zone, consider entering either a continuation or reversal trade, and similarly, if the breakout happens at the support zone, consider entering.
MYX:FCPO1!Long
by hafizthalatha86
FCPO Daily Analysis for 24 October 2024 - Strong Bullish BOToday's price action serves as a textbook example of how consolidation periods often precede significant market moves. The triangle breakout pattern that developed on the 1-hour chart has played out with precision, leading to a strong rally that has shown little resistance thus far. What is particularly encouraging for bulls is the sustained momentum throughout today's session. Despite brief pullbacks, the market has consistently pushed higher, showing no signs of reversal at this stage. For traders, today's breakout offers both validation of the bullish trend and a potential buying opportunity. However, it is crucial to remain cautious as the RSI is now in overbought territory, suggesting that a short-term correction could be on the horizon. That said, the broader trend remains upward, and dips could be seen as buying opportunities for those looking to enter or add to existing long positions. Read full analysis from : masterfcpotrading.com/daily-analysis/24-october-2024/
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 23 October 2024: A Breakout Awakens the Today’s market activity can be described as a culmination of pent-up energy from weeks of consolidation. The breakout above the triangle formation was not entirely unexpected, given the clear technical signals that pointed toward a move. However, traders should be cautious moving forward. While the breakout is a positive development, the RSI indicates overbought conditions, meaning that a pullback or sideways consolidation may occur before the market resumes its upward trajectory. That said, the fundamentals still favor a bullish outlook, particularly with tightening global supply and steady demand. The FCPO market, known for its volatility, might see sharp moves in either direction in the coming days. Still, for now, the bulls appear to be in control. See full analysis from: masterfcpotrading.com/daily-analysis/23-october-2024
MYX:FCPO1!Long
by AbuOthman2020
1
FCPO Daily Analysis for 5 November 2024: Trigger Reversal?FCPO market on 5 November 2024 presented a mix of consolidation and bullish potential. The daily chart reveals a strong upward trend with a hint of resistance at the top, while the 1-hour chart provides opportunities for swing trades around critical support and resistance levels. Intraday traders found a range-bound market, allowing for quick entries and exits within defined levels. Looking ahead to 6 November, traders should monitor key levels, particularly around the 4,800 support and the 4,889 resistance. A breakout in either direction could define the next trend, providing both swing and intraday traders with actionable opportunities. As always, staying updated on news and refining strategies based on real-time market behavior will be essential for successful FCPO trading. See full analysis : masterfcpotrading.com
MYX:FCPO1!Short
by AbuOthman2020
FCPO Daily Analysis for 4 November 2024 - Reaching OverboughtToday’s FCPO market commentary focuses on a finely tuned convergence of bullish and bearish signals. The trend line in the daily chart signals an upward move — a signal on the whole — and the hourly chart warns against reverses due to divergence and overbought RSI. Intraday trading enabled nimble traders to take advantage of breakouts and reverses, proving the volatility of the FCPO market. Moving ahead into tomorrow, traders should prepare for possible reversals and watch key resistance levels for buying signals. For swing traders, they might be able to take profits on breaks and then enter long positions, and intraday traders may continue using breakouts around key levels. Finally, trading successfully in the FCPO market requires staying flexible and educated — traits that traders will use to great advantage in the constantly evolving commodity futures environment. See full analysis from : masterfcpotrading.com
MYX:FCPO1!
by AbuOthman2020
FCPO Daily Analysis for 31 October 2024 - Strong Bullish TrendOverall, 31 October 2024 was a significant day for the FCPO market, with technical indicators on the daily, hourly, and 5-minute charts pointing to a prevailing bullish trend. Driven by supply concerns, rising export data, and higher crude oil prices, FCPO prices remained strong, suggesting a favorable environment for both swing and intraday traders. While the market remains bullish, overbought signals on multiple timeframes warrant caution. Traders should keep an eye on support levels for re-entry opportunities, with potential pullbacks providing more balanced entry points. As November begins, continued monitoring of global market factors, especially in energy and agricultural exports, will be crucial for FCPO traders. With this analysis, both swing and intraday traders can approach tomorrow’s FCPO market with a well-rounded strategy, maximizing opportunities while managing risks effectively. The FCPO market holds potential for gains, but disciplined trading and close attention to price action will be key to navigating its dynamic trends. See full analysis from : masterfcpotrading.com
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 30 October 2024 - Bull Run ContinuesPrice action on FCPO’s daily, 1-hour and 5-minute chart remains bullish. The level 4,700 remains the level to break. A breakout above 4,700 could very well send it further higher and should 4700 hold, it might take a short respite. For a swing trader, its simple: buy on dips to support zone 4,650-4,675, with 4,750 next resistance. For an intraday trader, the price action today is telling traders to buy on pullbacks, but be careful at 4,700 because it can act as a short-term ceiling. Of course, fundamental news such as supply-demand factors and weather related news will go a long way for traders to follow. Considering all these fundamentals, the FCPO market is still very exciting and lucrative for traders, be it swing-traders or intraday-traders. Read full analysis from : masterfcpotrading.com
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 29 October 2024 - Continue Bullish Run?A picture of solid bullish behaviour from the FCPO market today with the occasional pull back, despite the gloomy economic news. From the daily and 1-hour chart, we could conclude that buyers are still in control, but with careful management as we near the resistance levels as mentioned earlier. Based on the 5 minute chart, the intraday trend displayed a consolidation market waiting for its next move. Sending it ahead into tomorrow as far as we're concerned and looking for a good potential day for swing and intraday traders to run with some breakouts. Stay close to the news and let the RSI do most of your picking up on when to enter and exit. See full analysis : masterfcpotrading.com
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 28 October 2024: Will the Uptrend ContinToday’s FCPO market analysis reveals a mixed sentiment: while the overall trend remains bullish after breaking out of the October 21 consolidation, today’s indecisive trading hints at possible exhaustion. Both the 1-hour and 5-minute charts underscore the market’s caution, with clear support and resistance levels providing reference points for traders. Tomorrow’s outlook is contingent on whether the market can decisively break above the current resistance or whether we’ll see a pullback as traders lock in profits. A close eye on technical indicators and external influences is essential to navigate the upcoming session successfully. Whether this trend continues or reverses, the FCPO market continues to provide opportunities for the informed and observant trader. See full analysis on : masterfcpotrading.com
MYX:FCPO1!
by AbuOthman2020
FCPO Market 21-25 October 2024 - A Weekly SummaryThe volatile FCPO market of the previous week ended on a cautionary note. After surging bullishly at the Monday open, pressured by building inventories and sluggish export numbers, prices faced resistance around RM 4,650 which proved too formidable to overcome, resulting in a midweek retreat and period of consolidation. Heading into the next session, traders would be wise to vigilantly monitor prominent support and resistance zones while keeping a close eye on shifting technical indicators and incoming fundamental developments for signs of strength or weakness. The coming week offers potential opportunity tempered by prudence. With support for now holding the line at RM 4,531, a rebound could eventuate should reassuring news arise. However, traders must stay alert for persisting fragility, especially if global headwinds intensify. With disciplined risk management and attentiveness to both technical and fundamental undercurrents, operators can skillfully navigate through fluctuating conditions in the uncertain FCPO marketplace. See full analysis from : masterfcpotrading.com/weekly-analysis/21-25-october-2024/
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 22 October 2024 - A Detailed LookFCPO market was driven by a combination of bullish technical patterns and positive external news. The breakout from the symmetrical triangle on the 1-hour chart signals a potential trend reversal, and the market's ability to maintain its gains throughout the session suggests that buyers are firmly in control. However, the RSI levels indicate that the market may be entering overbought territory, and traders should be prepared for a potential pullback in tomorrow's session. For tomorrow, the strategy is to wait for a pullback to key support levels, monitor the RSI, and look for confirmation of the bullish trend. With global demand on the rise and output forecasts declining, the FCPO market is poised for further gains, but traders should remain cautious and keep their risk management strategies in place.
MYX:FCPO1!Long
by AbuOthman2020
FCPO Daily Analysis for 21 October 2024 - A Surge in MomentumA strong market momentum occurred in the FCPO on 21 October 2024 from a mixture of technical and external news such as higher demand higher which led to supply issues. The breakout of this ascending triangle on the top chart gave traders a clear signal, while useful short term information for capturing intraday moves can be alerted by examining te 5-minute time-frame. As the market closed above crucial resistance levels and remains bullish, tomorrow's trading possibly could offer longs opportunities. Although caution is in order, it would also wise to be on the lookout for surprises or market changes that could upset things. For traders, and the plan remains simple: Continual move up; watching 4281 pivot for continued acceleration early in the session or a shift & 4290 resistance thereafter. Given the strong technical signals and supportive market conditions, it appears that FCPO will continue to march north over near term. See full analysis from: masterfcpotrading.com
MYX:FCPO1!Long
by AbuOthman2020
1
INSIDE BAR WITH SUPPLY & DEMANDHow can I get 100 ticks in one day? First, when the price opens and closes at resistance on the 15-minute time frame, I move to a smaller time frame to look for a setup. On the 5-minute time frame, there is an inside bar candle. When the candle breaks the inside bar, I immediately enter. Then, there’s another setup where the price makes a pullback at the supply area, which is a drop-based-drop pattern on the 3-minute time frame. Usually, when a big movement happens, we wait for the price to make a pullback in the supply and demand area.
MYX:FCPO1!Short
by hafizthalatha86
1
FCPO Weekly Analysis for 14-18 October 2024: Market Trends, Key The FCPO market for 14-18 October 2024 saw a marked shift in sentiment from a state of consolidation to a bearish breakdown. This shift was driven by a combination of technical signals—such as the wedge pattern and falling RSI—as well as external factors like weaker demand from China and a stable supply outlook from Indonesia and Malaysia. For traders, the week provided an excellent opportunity to capitalize on short positions, especially following the breakdown from key support levels. Looking ahead to next week, the bearish trend appears likely to continue, although caution is advised as prices approach major support zones. By staying attuned to both technical and fundamental developments, FCPO traders can position themselves to navigate the next week's market effectively, whether through short-term scalping or longer-term swing trading strategies. See full analysis from masterfcpotrading.com
MYX:FCPO1!
by AbuOthman2020
1
FCPO Daily Analysis for 18 October 2024 - Market BreakdownThe FCPO market activity of today resulted from a failure in buyer interest and ballooning inventories; causing prices to plummet beyond recent consolidation on 1-hour chart. Moving forward, traders will need to be careful and either wait for a follow-through lower with their breakout entry or possible oversold corrective bounce. Down below RM 4,284 suggests more momentum towards sellers but the market could find some short-term support at around RM 4,225. If you will be trading tomorrow, please be sure to place stops and take a look at the trailing global fundamentals. See full analysis from masterfcpotrading.com
MYX:FCPO1!
by AbuOthman2020
FCPO Daily Analysis for 17 October 2024 - Breakout Looming?The FCPO market on 17 October 2024 has been characterized by consolidation within a symmetrical triangle. With the price oscillating between RM4,250 and RM4,300, traders are awaiting clearer signals before committing to large positions. The narrowing MACD histogram and neutral RSI suggest that a breakout is imminent, though it remains unclear whether the market will move higher or lower. For tomorrow’s trading session, the key levels to watch are RM4,300 on the upside and RM4,250 on the downside. A breakout from the symmetrical triangle should provide a strong signal for traders to either go long or short, depending on the direction. In the meantime, monitoring external factors such as crude oil prices, export demand, and production figures will provide additional insights into the future direction of the FCPO market. As we move towards the end of the week, traders should remain cautious but ready to act once the market gives a clear signal. Whether the breakout will be bullish or bearish remains to be seen, but the technical indicators suggest that a significant move is on the horizon. Read full analysis on masterfcpotrading.com
MYX:FCPO1!
by AbuOthman2020