HAIDOJO_trading

HAIDOJO_trading

a false breakout frm 2394...still in sideway

HAIDOJO_trading

it is about 200-pts consolidation phase... IF the price breaks below 2190,THEN consider short IF the price breaks abv 2394, THEN consider long WARNING : again, this is a trading journal...no indication of buy nor sell...trade on your own risk

HAIDOJO_trading

as a conclusion frm the previous article, there was a breakout...! so this is the opportunity which you can take to gain some profit... so hope everybd learns something today... thx everyone...if you like this article, pls share and like

HAIDOJO_trading

IF the market breaks higher than 2394, THEN long IF the market breaks lower than 2310, THEN short WARNING : this is my trading journal, not indicator of buying or selling....

HAIDOJO_trading

as you can see, the price has slided frm the consolidation of 2600-2660 to get lower to the current 2316 - 2400... YES, we are in yet another consolidation level again...Guest what? YUP, IF the price moves higher than 2400,THEN consider long position... If the price breaks lower than 2316, THEN consider short position... this is hourly chart...so you might want...

HAIDOJO_trading

this is a continuation of the previous episode of "sideway market@ very boring market"... now we zoom in into 15-min chart... support - - 2600, IF price breaks lower than this, THEN consider short... resistance- - 2660, IF price moves higher than this, THEN consider long... WARNING : this is definitely not a recommendation to buy or sell, it is juz my...

HAIDOJO_trading

as you can see, price of fcpo has slipped right back to the previous support level (the circled purple region)...but after that there is no sign of rebound nor sliding lower...unless you have good strategy to trade sideway or counter-trend strategy, or else...this is definitely a BORING market...! this is hourly chart of fcpo-may

HAIDOJO_trading

2650-2750 support after retesting of 2926 failed...lower support at 2430... as you might see, trading consistently is a very boring and a mundane task...you juz consistently go in and trade a pattern which repeats over and over again...

HAIDOJO_trading

today we witnessed a full throttle 100-pts rebound...! it stopped near the immediate resistance at 2816-2820 region...(previous support-turn resistance) so see if it still maintain momentum

HAIDOJO_trading

after the double bottom it is possible to retest 2650 and 2811 resistances...if the current support 2574 is broken, next lower level we are looking at 2429 level support...

HAIDOJO_trading

a possible rebound to 2922-2927, a support-turn-resistance...

HAIDOJO_trading

see if the resistance 2922-2930 still holds or not...

HAIDOJO_trading

one of the critical support 3010 is broken today...I believe market is trading towards the downside...expecting more selldowns afterwards...of course, market is a bit volatile when it closes to the 16th of the month, the exchange date...If you trade fcpo long enuf, you will know what I mean...fcpo-march is going to experience low vol soon as fcpo-Apr will emerge...

HAIDOJO_trading

IF you trade support-resistance, THEN you might pay attention to 3090 region....the previous price congestion area...look for some support signals... IF you trade trend-continuation method, THEN you might still want to look for support at lower region near 3040-3010 region...the previous price congestion area... again, this is JUZ a trading idea...thr is no right...

HAIDOJO_trading

as you can see, IF you trade resistance, you can short at resistance 3141, THEN you might want to consider taking profit at 3090... IF you trade breakout, THEN you might want to wait for breakout to the lower side... juz a trading idea... WARNING DISCLAIMER: TRADE AT YOUR OWN RISK>>>THIS IS A TRADING JOURNAL, IT DOESN'T INDICATE ANY HINTS OF BUYING OR SELLING.

HAIDOJO_trading

as we can see, you can draw a straight line at the congestion area or where the price keeps getting sellers or buyers the previous time... look at the blue line, 3141...where it was retested multiple times in the past...

HAIDOJO_trading

As you can see, the price ranges frm 3010 support level(tested twice) and was rejected 3 times near 3140-3150 level, confirming current resistance right at that level... If price breakout frm 3150, THEN it will further challenge 3190-3200 level...uptrend continues... If price breaks lower than 3010 critical support level, THEN it shall go back to 2930 previous...

HAIDOJO_trading

fcpo continues its uptrend to 2017-high ranging frm 3020-3190...further uptrend shall retest 3190...