machintose

machintose

This week, especially today (Monday), is a good day to scalp until the price reaches $14.40 area. Personally I will wait to sell once the price is at Seller area as I am aiming to have a good swing trade. Here is my setup: Sell Pending Order at $1440 Stop Loss at $1464 Take Profit at $1322 RRR = 4.87R Let me know if you have a different idea, we can discuss it...

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Based on last Friday closing, I would expect the price to be bullish to $14.43 and making a retracement there. However, I was proven wrong, the market gap up and push the price higher than $14.43 There is no more references that I can use as there is no data on the "left"; the only way to read the market is only by reading the Price Action. I did some research on...

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This week 09, we will be using ZSK21 as a chart reference. There are few things that I would like to share: (1) This morning the price was continuing the rally and created a gap upon opening. Price gap normally is closed within a day or two; so for a speculator, you can use this opportunity to short it. However, please be aware that the overall trend is still...

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Patience is one of the key traits in trading. Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week. This week we are still waiting for a confirmation to short the market: (1) Price level at $1,390 is being respected and currently creating a "fake out" line. (2) My reversal zone remains at $1,400 (for now) (3)...

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My overall sentiment is still Bearish bias . Today the opening price jumped 14 points and the bull kept running to the nearest Supply Zone. In general view, the seller is still strong and therefore, we participate in selling too. The nearest SELL area is between $1,395 and $1,400 (5 points zone), with a Stop Loss at $1,411. Our first Take Profit level is at...

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Following up last week analysis, the price will be visiting Supply area prior going down. My personal Sell Order will be at $1,417 (it depends on the price action in the next 2-3 H4 candles, I may short it early too). The stop loss will be at $1,438 (New Higher High) and our Take Profit will be quite low (at least $1,275). The simple sign will be at $1,417 area,...

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On H4, the price has broken the down trend channel and making a Higher High. From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down. Based on the above, I think the price will pick up some liquidity at $1,417...

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Let's keep it short, this week the price will be in ranging mode. The range is between $1,338 to $1,280. If you have shorted earlier, you can take profit some of your positions and keep some until it hits full TP at $1,280. If you are a speculator, now it is a good time to Long (buy) the market, but you must exit at $1,338 area; then switch to Short the market. In...

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Week 03 analysis for ZSH 2021 . The price is now ranging at the lower band of the trend channel, and on the structure wise, there is no Higher High forming. It indicates the formation of the "head" and sellers are starting to jump in the market. Our key level remain at $1,370 and once the price passed below that level, our probability to short is higher. Stay tuned.

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Apology for the late post. Week 02 for ZSH 2021 is still bullish looking. Yesterday on H1, we can see the price movement candle by candle that there were no sign of weakness. In the last hour of market, it created a strong rejection and buyer jumped in with a significant momentum. Let's see on the overall picture in H4, the movement is still within the Uptrend...

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First day of trading in 2021, ZSF2021 is very bullish in the first 4 hours. The market structure is clearly visible in H4, it keeps making a Higher High and we noticed the green candle momentum are relatively stronger on each pullback. Therefore we saw a series of uptrend last month. The current Support level is at $1,320 and currently we have not seen any...

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Weekly analysis for ZSF2021 Week 50: 07 December to 11 December 2020 Following up last week analysis, the Resistant level at $1,200 remained in tact and our key level at $1,161 had been penetrated. Therefore, now we are looking to sell as the direction had changed. Here is my personal trade call for this week : Short now or Sell Stop at $1,154.00 Stop Loss (SL)...

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Weekly analysis for ZSF2021 Week 49: 30 November to 04 December 2020 Here is the playbook for Week 49, overall it is still Bullish. (a) Currently on H4, the price is forming a bullish flag with $12,000 is the current Resistance Level. (b) It may not be a straight forward bullish; the real key level is at $11,161.50 (area). What does this mean? (1) If the price...

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Weekly analysis for ZSF2021 Week 48: 23 to 27 November 2021 From 1st June 2020 until today, Soybean prices has been very (strong) bullish, especially in November. On the weekly Time Frame we can spot the decision level is at $1,150, however from the current price is still quite far. There is no sign of reversal yet, even on Daily chart, momentum still slower,...

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Weekly analysis for ZSF2021 Week 47: 16 to 20 November 2021 After a long rally, retracement was formed (in a mini down trend channel) and it broke to fill the Supply Zone. There two ways to trade this formation: (a) Aggressive Mode Solely based on the Price Action and we can reap better Risk Reward Ratio by sacrificing a small risk. Sell Limit at $1,153 Stop...

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Weekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a...

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Week 45: 02 to 06 November 2020 FCPOX 2020 analysis The price had been rejected two days in a row and not able to go beyond RM3,300. Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher. This is a good opportunity to Short the market with a lucrative RRR. Here is my personal trade: Sell Now...

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Weekly analysis for ZSF2021 Week 45: 02 to 06 November 2021 Overall, this week I am very bearish bias. There are two spots of level which give us a good profit ratio: (1) Sell Limit at $1,065 (2) Sell Stop at $1,035 There is no trade call today (this week), just a few guidelines: a. If you are shorting now or still haven't closed your trade from last week...