FCPO IDEAmaybe time for fcpo to reverse to upside..but still no Lower High break for confirmation...overall still sell
CPO1! trade ideas
Bullish for Malaysian Crude Palm Oil Hello there. This is what i found in the harmonic trading perspective in a close up market.
1. Bullish harmonic pattern which indicates the sign of reversal in opposite.
2. Expectation of price to do reversal in the area of RM4286-RM4577
Worst case scenario, it will move downwards up to RM3000-RM3600.
In addition, let me add up some "spices"
When the harmonic traders decided to make a decision within the extraction of reversal area. They must also decide to put their "optimal price" as their backup plan to avoid losing all of their money.
Which is im going to share with you guys of how harmonic trading could help us by making a complete decision(EP,TP,SL)
And also, always remember that the market doesn't favor with your decision as well all the time. So trade safe & control the risk.
This is just an idea for you to analyze. Please stay safe, control your capital & trade at your own risk.
FCPO - Major Pivot approaching ??Market is always in a state of flux and some adjustments have been made as it unfolds. Could it be a bottoming of the corrective phase as we approach the 0.618 level??
Welcome any views even with fundamental inputs. Looks like the fundamental aspect have played out from 2nd half 2022 and are we at that late stage of this phase??
Demo MYX Future Market Watchlist GeneratorThis is demo for MYX Future Market Watchlist Generator.
The process is similar and explain in this video .
I did some mistake during watchlist. Watchlist does not need to be created.
Import directly from file, new watchlist name will appear.
Sorry for inconvenient caused, this video does not contain audio. Thank you.
FCPO TRADING : 333) bracketing market (II)this is haidojo and the number is 333...
"why reality in trading is much harder than those you see in advertisements? ".
"Those ads which showed you it is very simple. JUz try these 3 simple steps and u can make millions."
"made your setup, went shopping, then when u came home, you ald made some profits."
"...and dun forget those who showed you lamboghini, bikinis, lavish life-styles or traveling around the world with juz internet connections and your device to connect to internet".
"Well, the answer is simple."
"They forget to tell u that there are drawdowns. They forget to tell u that part of the trades are losers. Sometimes, market doesn't behave like what u expect it to. Actually, market always does whatever it wants whenever it wants."\
SO, back to reality. In August, fcpo-OCt/nov hit the highest point on 12th Aug. When everything seemed like it was going to move higher, then it reversed and went down. The "orange" circle that u see was a false breakout. After that, we had several attempts to retest 4330 resistance but it failed and rollover all the way down. Till now. Today is 9th Sept 2022 and we anticipate the price to break lower to the downside, exiting below 3500 and testing 3350-3300...and of course, see if market got throw tantrums and behaves oddly. Fingers cross.
**plan your trade and trade your plan... gud luck**
resistance : 4180-4340
current support : 3500-3600
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… this is not a signal service channel and DON'T TREAT IT LIKE ONE!
TRADE AT YOUR OWN RISK!
FCPO 9 Sept 2022 : Trading Plan for noon sessionLarger TF :
1. Based on a bigger trend is a downtrend.
2. There is a chance price to form Trading Range for accumulation or redistribution.
3. At this point, the price still unable to atleast test Fibo 78.6 for SW outlook.
4. If the price drop, the nearest TP is either Fibo 50 & Fibo 23.6 level to form ST.
5. If the price jump, the nearest TP is Fibo 78.6
1min TF :
1. Price cross EMA21 = SW
2. EMA21 flat = SW
3. MS buy still intact until its voids the structure.
4. Price still in TR
5. Notice price keeps pushing lower indicating strong seller in the market.
Decision :
1. Possible price will make UT/UTAD/fake breakout before continuing its journey.
2. Wait until it breaks on either side of the TR with the new market structure.
Direction of FCPO #7So, who is following from the previous chart analysis? We see it together how the price break the channel and make a confirmation of going short. Now we still see market are in bearish. Tomorrow we will see the market rebound or continue going downwards. But all we have to do now is focusing and looking an entry for short. Remember, risk always be there. This is future trade. SL / CL hunter are exist out there.
Direction of FCPO #6BOOM!, This is what we have been waiting for. The price already break the channel / trendline / neckline. So now all the thing we have to find and look is short position. But need to remember there is support nearby. We should have be aware if the price will make strong rebound or it still break the support. See tomorrow on monday!
FCPO Contract Month Watchlist TutorialThese are the steps shown in video to make FCPO Contract Month Watchlist.
1. Open FCPO1! Chart
2. Check latest contract month
3. Open Indicator
4. Search for FCPO Contract Month Table
5. Take note the latest contract month, example X 2022
6. Select X and 2022 from setting
7. Open other live chart
8. Create new watchlist
9. Set Frequency to All
10. Set alert
11. Set condition
12. Clear Alert Name
13. Click Create
14. Export alerts log to a CSV file...
15. Save csv file
16. Open csv with notepad
17. Remove necessary code
18. Save as txt extension
19. Import list
20. Done
I may do other watchlist such as Sharia market, future etc. Thank you.
FCPO - Bearish flag pattern breakoutComment :
1) FCPO is forming a bearish flag pattern in a downtrend since the peak in May 2022. This pattern is expecting a further movement down at the end of the flag.
2) The condition of a bearish flag including associate with descending trading volume during flag is forming. Eventually, FCPO has breakout below the low of the lower channel on 1st Sept.
Support & Resistance:
R : Resistance A
S : Supporting B & 2125
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Direction of FCPO #5As you guys can see, it is what we predict from previous our chart analysis. It is following the direction that I have been showed. So now lets see either the market can rebound and go up towards the strong resistance ( yellow box ) or it will continue downwards. Besides that, do not neglect that we can see there is a form of pattern have shown which is Head And Shoulder ( HNS ), same goes to this concept, have to break the neckline, and then we can make decision where is the direction of the market. We will see tomorrow to see what market brings to us.
Direction of FCPO #4As we looked at the previous our TA chart. it seems that the market still can't break the resistance. But we will see on Monday, does the market will try to break the resistance or it will break the parallel channel. We have been waiting for market move from outside the parallel channel, so that we can have a better direction on short or long. But even now, we can see that the price can't break through that resistance on orange color that i have draw. the market already try to break the price so many times but still failed. so we are waiting for the price break the parallel channel. then we can have a clear direction.
In a smaller time frame like 5m / 15m / 30m, if the market open and try to break the resistance, wait for the break out. if still can't break the resistance. then can focus short until parallel channel. wait for the break support. and then can continue find setup for short
Remember, always entry with setup. Or else, u are in gambling industry. Happy Trade!
This is what we call "libasan neraka"When it comes to FCPO, Technical Analysis come first, then Fundamental Analysis.
From our previous chart, this is what we have been prepared for. So, we going to see where does the market will go. either moving downwards or upwards. Even drop almost 200+- ticks, yet it is still in the parallel channel. So can't identified yet is it in bullish or bearish
Direction of FCPO #2As the previous chart, we predict the market will rebound at the support. But turns out it break the support already and heading towards to the line channel. From there we can see which direction we can focus. either bear or bull. we can make decision from there. but from now. we can go for short
Direction of FCPO *2 centsThis is my idea what probably going to happen tomorrow, on Monday 22 Aug 2022. From bigger picture 4H / 1H, the market really following the channel trend. The market rebound when it touch the support trendline. So if tomorrow market still going up, that means it towards to resistance. Focus on long. If market breaks the support. Then focus on short, it will be going towards the support
FCPO M1 TF Hi!
Again and again observing price reactions on M1 TF while applying HMA 9,21 & 50 to see price reactions when these HMA's crossing each others up and down.
Fibonacci retracement helps to measure entry, SL and TP. Observe closely when HMA 9 crossing HMA 50 it will give effect golden and death crossing , very useful to gain in Long or short position.
gud luck!
Potential on SWsHi All!
SWs means potential going long or short!
SWs also shows price up and down and doing consolidation to find the final directions, commodity trade is full of observations and external factors such as politics and world economy will directly affected.
Today? We target LONG!!!!1 Gud Luck!!!!
Moon Phase with CPOAn interesting phenomena should interest CPO traders when Full moon in yellow provides more a buy opportunity and New moon in blue selling .
Eyeball the historical event and you should see a high percentage of it happening +-1 to 2 days to the moon phase.
One can work on the shorter time frame to get into trades using ones own methodology.
Traders who are familiar with Delta Phenomena could give light to the inversion period.
