FCPO - Mapping - 11/08/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO1! trade ideas
Futures Crude Palm Oil: Friday breakout to all time high?A clear and simple early indication by a MACD cross and RSI crossing the oversold region when attempting a breakout. Maybe in a short term target FCPO can reach up to RM4800/metric tan in future time. However, the price must break the all time high resistance at RM4530 to continue bullish momentum in the super-cycle period.
FCPO Crude Palm Oil: Trade with Support, Resistance and Break upFCPO - Trade with Support, Resistance and Break up
15min FCPO chart set up with testing combination with S&R, VT MCDX Smart Money Pro & VT Stoch indicator's winning rate
(Disclaimer: for demonstrating own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
FCPO TRADING : 295) uptrend still intactthis is haidojo and the number is 295 ...
after a retest of the historical high 4430-4525 which was failed at the end of July, yesterday we could see that the bull has not given up yet...
close to 170-180 pts rally up yesterday shows that bull still wants its share in the fcpo market. However, whether the uptrend momentum will continue or not is still a questionable quote. As the momentum of uptrend has a powerful swing yesterday, a few scenario might appear today. Either continuation of the momentum or the exhaustion and reverse.
that's all for tdy ...if u are frm malaysia, be safe, stay at home...
*plan your trade and trade your plan... gud luck*
higher resistance : 4476-4525(the record high)
immediate support : 4080-4190
lower support : 4050
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!
FCPO - October 2021 - Mapping - 05/08/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
02/08/2021 FCPO ELLIOTT WAVE ANALYSISAssalamualaikum and Hi traders!
I'm still on the idea of wave 5 extension.
Quick knowledge sharing on Elliott Wave Principle.
The reference for this idea is based on EW guidelines on impulse wave.
Motive Wave Multiples
-----------------------------
(Impulse Wave Guidelines)
When wave 5 is extended, expect wave 5, in price terms, to travel 1.618 times the net distance traveled of waves 1 through 3.
Happy Trading!
03/08/2021 FCPO ELLIOTT WAVE ANALYSISAssalamualaikum and hi Traders!
As for now, there is no sign of bottom for the downward movement on yesterday session.
I'll stick with the bear for now until the end when it bends.
Retracement or a beginning of a new trend?
I don't know. Let the market decide.
Embrace the probability
Trading is a business based on probability.
Never certainty.
Happy Trading
pengiran-
05/08/2021 FCPO ELLIOTT WAVE ANALYSISHi Traders,
Update on FCPO wave count on hourly chart.
Happy trading.
FCPO Short Long TermFCPO in resistance zone, looking for short opportunity. Depend on today price action. Price possible retrace before going down.
FCPO Crude Palm OilBullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip, if the bearish candle goes down easily closing below its support area + with little effort in the volume, then you know that bearish is stronger than the bullish.
Again, nothing is clear now, Price is tight right now between various numbers of EMA. Waiting for the "kettle" to reach its final temperature before bursting out to the upside or downside.
If it goes up, we can see it will go up to 4300 area or even better, closing the gap.
If it goes down, I believe that it will still not going too far, probably will retest again at 4080 area, but hey, money is money.
Good Luck.
FCPO Crude Palm Oil: Trade with Support, Resistance and Break upFCPO - Trade with Support, Resistance and Break up
15min FCPO chart set up with testing combination with S&R, VT MCDX Smart Money Pro & VT Stoch indicator's winning rate
(Disclaimer: for demonstrating own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
FCPO PossibilityFCPO in support area. Possible going up to resistance or going down to next support.
FCPO - October 2021 - Mapping - 04/08/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO Crude Palm Oil: Trade with Support, Resistance and Break upFCPO - Trade with Support, Resistance and Break up
15min FCPO chart set up with testing combination with S&R, VT MCDX Smart Money Pro & VT Stoch indicator's winning rate
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
FCPO - October 2021 - Mapping - 03/08/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYComments:
After FCPO hit 2nd target 4437, now experiencing retracement toward 4040 support zone
Our preference:
A candle close below 4040 support level look for further downside with 3852 as target.
Alternative scenario:
Trader may look for buying opportunities once price break above 4437 with 4520 as target.
FCPO - October 2021 - Mapping - 02/08/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO CRUDE PALM OIL FUTURESINDICATING POTENTIAL DROP IN PRICE SUPPORTED BY FLATTENING VOLUME FOR AUGUST 2021 DELIVERY. FOR THOSE IN PHYSICAL TRADING BUSINESS, THIS COMING 2 DAYS WILL BE THE BEST FOR YOU TO CLOSE A DEAL WITH CLIENTS WHO WISHED FOR A CHEAPER PRODUCT (WE KNOW THOSE KIND OF CLIENTS). ALSO FOR HEDGER IN PHYSICAL COMMODITY TRADING BUSINESS, HEDGE YOUR POSITION ON THE FIRST TWO WEEKS OF AUGUST 2021 DELIVERY CONTRACT WILL BE A BAD IDEA. WAIT UNTIL THE DISTRIBUTION HAVE BEEN MADE ON AUGUST 2021 CONTRACT, BEFORE ACCUMULATE YOUR HEDGING POSITION. HAPPY PRICE & TIME ARBITRAGE LADS.
THE ONLY GUY WHO TALKED ABOUT THIS. IN PHYSICAL TRADING PERSPECTIVE
NAIM SUKRI
FCPO ShortShort in mind. FCPO will change direction if price make new structure outside channel. Multi timeframe trend strength (30 minutes, 1 hour and 4 hours) look seller in control.
FCPO - October 2021 - Mapping - 29/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
FCPO STARTS TO BEARRecently forming a double top formation and shows a downtrend right after. Already forming a peak after the double top and likely to proceed bearish trend in the following days. Fibo retracement 61.8% was broken from the latest candle.
FCPO - October 2021 - Mapping - 28/07/2021Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
DAILY FCPO COMMENTARYComments:
FCPO had reached our 1st and 2nd uptrend target. FCPO might have small retracement toward 4340 level. However, the underlines trend remains UP .
Our preference:
LONG positions above 4340 level with targets at 4532 resistance level .
Alternative scenario:
A close below 4040 support level look for further downside with 3852 as target.
