FCPO Next Week (New Year 1/1/2013)

Bismillahirrahmanirrahim,
Hi all,
As per my technical reading last week, CPO show his momentum to go up. With some pause to market due to Christmas holiday, CPO gained momentum on Thursday and Friday.

Congratulation to all the winner. End of Year Bonus.
Next week, There is no evidence for Sell yet (on Daily and Weekly chart). So, I'll only trade on any possible retracement. Patient is the name of the game. ;p
Potential resistance 2500; 2550; 2600....

Happy New Year and Happy Trading.
 Trade at your own risk.

FCPO Next Week (Christmas Week)

Bismillahirrahmanirrahim....

Hi all,
I think the sign of BUY is very strong now, with divergence in most of the indicators, etc.... I may want to look for BUY button for CPO next week.

Soy Oil will be on holiday for 24,25 until 26 evening. So CPO will walk on its own path next week.
I'll find BUY whenever the signal appear.

Trade at your own risk. Happy trading.

FCPO Outolook 17-21 Dec 2012

Hi all,
Weekly Chart analysis - Candle - Morning Star? Pattern - Tripple bottom (2230-2200); MACD histogram show improvement for BUY

Daily Chart analysis - Candle - Engulfing Bull; tripple bottom? Most Indicators (oscillators type) showing that it is time to BUY?

I'll look for BUY opportunity at lower timeframe, if it appeared and there's no significant SELL signal on Daily tf.

Happy trading. TAYOR.

FCPO Outlook 10-14 December 2012

Hi all,
at the moment, there is still no sign that CPO price will go up (referring to all the indicators) although seasonally, this quarter is usually a BULL market for CPO - considering weather and output from the estate.

I trade SELL with very cautious, in case market data show decreasing in stock and increasing in demand, which shall cause the price of FCPO to jump up.

Tomorrow, MPOB data shall be released, so I decided not to take any trade in the morning (if there is any signal) and only resume trading once the data is out.

FCPO This Week ( 3-7 December 2012)

Hi All,
Sorry for not posting this earlier.

I managed to catch the down move trade from 2392 for Feb 13 Contract.
Already Close the position.
For Time being, the Setup is good for SELL. So I'll use the strategy to wait for good to Sell i.e at Resistance or when the Stochastic or MACD or whatever Bear Setup appear on lower timeframe e.g M30 to SELL again.

Happy trading.