SHORT FCPOFound Head&shoulder and Fibo extension at 1.27% as sell entry.
Next Fibo ext. 1.41% as CL and target within Fibo retracement 0.382% and 0.618%.
#TAYOR MYX:FCPOF2022
FCPO1! trade ideas
FCPO 24 Sept 2021 : Expected consolidation1. Price have a large upward movement since the spring formation.
2. Expected price consolidate to establish LPS (last point of support)
3. Price expected to move within the 3 Gann level (70~80 tick)
4. Reach significant resistance.
FCPO 23 Sept 2021 : Trade Bearish Harami1. Price at Resistance level
2. Price at the Downtrend line.
3. Price reaches max daily range.
4. 15min Bearish Harami / Inside bar
5. 5min Evening star pattern.
Might be shorter trade.
FCPOafter a strong bullish few days.tomorrow we probably going to see retracement .
might open high and touch 4520
before going down to 4280
FCPOWAIT FOR THE PRICE TO BREAK THE LEVEL OF RESISTANCE BEFORE TAKING THE LONG POSITION.
TRADE AT YOUR OWN RISK !
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
FCPO 22 Sept 2021 : Trade Shooting Star1. Yesterday have a false breakout and price consolidation for a while. As usual, the false breakout will produce a higher magnitude of movement.
2. Today price breaks 2 resistance levels.
3. Now price rejects resistance level + Gann level with shooting star CS @ 5min TF.
4. 15min TF has a spinning top black CS pattern.
5. Since the trend now is bullish, selling is only for intermediate conditions. Depend on how the price reacts to EMA14+EMA50 at 15min TF.
Other concern :
1. China Evergande issue might contribution a significant effect on the world economy.
2. China is our 2nd largest Palm oil export destination behind India.
3. Remember when Lehman Brothers collapse in 2008.
FCPO AFTERNOON 22092012Just My 2cent
Normally..Price will bounce to the median line
otherwise it will keep up moving upwards...
see this afternoons.. price still in trends
FCPO 21 Sept 2021 : Trade False Breakout1. Yesterday's price has a large downside movement up to 200tick.
2. Yesterday's price close with bearish CS.
3. Today price open below the 1st support area and the price closes back inside the range close the gap.
4. False breakout trade still valid as long as the price trade above the support area.
As an intraday trader, monitor any rejection at 15min TF.
"Trade at your own risk"
FCPOFCPO in sideway direction in region 4090 - 4400
if can maintain above 4090, we can see market play within that region mentioned above
if not, bearish will take over. and critical support at 3900
FCPO Wyckoff Re-accumulation : Spring Formation1. Price consolidation starting July 2021.
2. Automatic Rally (AR) with a large price drop to establish the support.
3. FCPO created ATH shows Sign of Strenght
4. Multiple Formation of Secondary Test (ST) with significant supply volume.
5. Noticed formation of the uptrend channel.
6. On 20 Sept 2021, the price drop significantly and close above the AR/support area with moderate volume. This is a good sign for bull.
7. Price will break the resistance to continue higher.
Bearish Bat Setup FCPO1. Bat Pattern complete can entry for short
2. Target at TP1 0.382% and 0.618% for retrace
3. CL at next resistance 4480.
#TAYORFCPO
FCPO New Contract Outlook1. So far price has respected the uptrend channel.
2. Dec2021 contract open followed by bearish momentum after the false breakout on 15 Sept.
3. Price almost reaches the bottom channel offering long opportunities.
Strategy :
1. BUY if there is reversal CS (doji, hammer, engulfing or morning star)
2. SELL if the price has a valid breakout of the support and the bottom channel. Wait after pullback for entry.
FCPO 17 Sept 2021 : Fake Breakout1. Nov2021 contract
2. Fake breakout formation
3. As usual, the fake breakout will follow by the largest movement.
How to earn 24~33 ticks from FCPO each day using Gann level?1. Using Gann square of 9 to determine potential support and resistance level.
2. Between each Gann level has a range of 33 ticks for FCPO.
3. Combination of Gann level and support resistance to entry.
4. Knowing the market condition is a must. (either sideways or trending market)
FCPO BAT PATTERN1. Bat pattern will be form if reach to point D.
2. For comfirmation it must pass above 4370 (white line)
3. Point C as cutloss price.
#TAYORFCPO
FCPO 14 Sept 2021 : Trade Bullish Flag1. Yesterday 15min TF consist of 3 inside up, Bearish engulfing.
2. Today's price has fake breakout when price open below yesterday low and price close back inside the range for 15min TF.
3. 5min TF has a bullish engulfing pattern.
4. Notice the bullish flag pattern.
Strategy :
1. Wait for a breakout the flag pattern
2. 15min price pullback and maybe retest EMA14.
3. Bullish reversal CS to find entry.
Target TP is 4390~4400
FCPO TRADING : 301) consolidation and a bearish gartley patternthis is haidojo and the number is 301 ...
today is 14th Sept 2021 and fcpo-nov21 is going to end soon. In two days or less, fcpo-dec21 is going to emerge as the new third active month.
We have been in this sideway since the retest of the high near the end-of July 2021. It is almost 2 months now. Adding on to the chart is that, now we are having an "ascending triangular pattern" which could break on either side. If the price breaks below the previous higher-low at 4100-4180, then we might have risk a reversal to the downside. If the uptrend continues, then the price will move towards the previous high ranging frm 4476-4525 and even break the recent high of 4560 and create a new structure high.
Sideway is bad for my trading style as I trade following the trend. So as u see, there is a bearish gartley pattern but pls DON'T enter now as it is a late entry now. ...and I don't trade advanced pattern in fcpo...because there isn't much advanced patterns in fcpo. Average 8-10 trades per year. Don't trust my words 100%, go test for urself. Believe ur own eyes and brain instead of senseless rants I am saying here. Do the same thing to the rest of the "gurus" out there. As recently, I see more and more unlicensed, marketing gurus try their very best to pretend as traders and trading masters.
You probably ask, " How do you know? How do you know they are not real? "
Answer, "It is simple. Look at what they promise u. Normally 3 things. 1. U can learn trading fast. 2. U make tons and tons of money with little or less experience/modal. 3. There is ONLY ONE way of trading, which is their way. They hold the "holy grail/loopholes" in the system and if u use other method, u are going to lose money."
I know some ppl don't like this kind of comments, but for whatever reason, I think I need to warn ppl especially frm Malaysia, as I see more and more ppl claim they are this ...they are that...but when prompt to show their trading records and such, they will start gibbering. If they are those who really been through the trading struggles and live to share their stories and experience, I welcome these ppl. They are the light at the end of the tunnel. PLiz don't hide behind the mask of a trader whose real identity is a marketer who sells course for a living...I have been scammed many times by these marketers pretending as traders therefore I despise these ppl so much. It is already a troubled time. Don't add burden to the ordinary ppl and those who really try to seek the way to trade for making a secondary income.
IF you are frm Malaysia, stay safe. juz go to work, buy groceries and go home. Get vaccinated.
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4560(the record high)
immediate resistance : 4300-4335
support : 4100-4180
lower support : 3880
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 13 Sept 2021 : Trade 3 Inside Up1. Price break down trendline.
2. 3 inside up CS pattern at 15min TF.
3. 5min TF breaks market structure when price break the nearest resistance.
Strategy :
1. Wait for pullback and rejection CS @ 15min TF.
2. Potential buy zone at confluence area of uptrend and downtrend line.
3. another potential zone is when the price rejects EMA14 at 15min TF.
FCPO 13 Sept 2021 : Reversal CS at Gann and Resistance Level1. Price rejection near the resistance + Gann level after upward movement
2. Trade bit risky because the price is able to break EMA14+EMA50.
3. Set sell limit order at the open of bearish rejection CS.
4. Stop loss order is 1 x ATR from 5min TF = 16tick from highest rejection CS.
5. Target profit is at the nearest support or when 15min have bullish reversal CS.
Outlook :
1. Since price break EMA50 up and down area means the price will be consolidated for time being until break either support/resistance.
2. Trading range around 60~100tick.
Bullish Shark Within Bullish ChannelFrom this chart, can be found that Bullish Shark Within Bullish Channel.
This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney.
Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather as confirmation to show that price will go up.
To simplify, M pattern within Ascending Channel indicates that price will go up in continuation.
Noted that Shark is Harmonic Pattern that use Reciprocal AB=CD.
You may refer Link to Related Ideas for more information.
Thank you.
Potential BAMM Using Secondary Derived Retracement 0.382Potential BAMM is found using Secondary Derived Retracement 0.382 from Point B at MYR 2211 .
Expected PRZ at MYR 3192 within the next 469 days.
Related :
Bat Action Magnet Move BAMM Theory Educational (Source Code)
Harmonic Trading Ratios Educational (Source Code)
