Saturday, December 14, 2013

2 False Breakout. That's what I want to say.Life must go on. Losses happened over time. As long you manage the losses properly via proof money management (Risk and Reward Ratio), you will survive longer time in the market.
Takde rezeki. Jalan semula.

However, My buy bias still intact for December.
Seasonality effect & triggering using Technical Analysis. That's all.

Tuesday, December 10, 2013

Counting for fun.
Trading as simple as possible.
Counting EW is not easy as 12345 and abc......

Chart pattern wise, Triangle pattern breakout and first re-test of trendline breakout. Potential Buy on dip?
Who knows on your own risk and effort.

I'm bias to BUY camp on December.

Friday, November 29, 2013

These are the counters that came into my screener last night.
Potential boom up...or just a fake one. Who knows?
Fundamentally, DIGI and PADINI are both sound financially good. Not to forget KSL.

Trade on your own risk.

Monday, November 25, 2013

FCPO Outlook;
There are 2 possibilities that came into my mind right now.

1. This is wave 1 of 5 of (5) (Final point in mind is 28xx). Sharp correction i.e zig zag coming to 61.8% + testing RBS point 2601 for the first time before resuming up.

2. This is the final wave i.e wave 5. Correction shall be more severe to down. Current wave shall be wave A. B up to 61.8% and C shall be 5 wave down to previous ending of wave 4.

Lets the market unfold itself.

Without EW, I prefer to use simple SnR break style trading with 1-2 indicator as confirmation. Currently -  all are saying keep on BUY position.

FKLI Outlook;
From EW perspective - FKLI shall continue its down movement to complete final correction wave abc (maybe limited to support line as showing).
From there on, there will be a big bull coming to 2014 (maybe.....who knows exactly isn't it?) - So, I decided to hold on all of my shares in company that I invest for further some more time.
It's all about timing right.......

Thursday, November 21, 2013

Hi all,
Looks like that CPO price break the resistance 2632 and close above it today.
Elliot wave wise, we are in the midst of wave 3 (refer picture). Target for wave 3 is 2826.
I'm in Long position from 2566; 2615; 2630. Will try to ride this.

Big resistance (gap) as shown in red rectangle, which I expect to be tested and close by this week or early next week.

Happy trading to all.

Thursday, November 7, 2013

From EW perspective.

From EW perspective....I m still learning
EW is all about pattern formation.

I didnt trade on tf 30,
I trade mainly on tf 4hour or Daily. Yup, I'm talking about trading overnight (bring the trade to the next next day).

I just playing and trying to count on tf 30.
My EW count is not good. People used to call it SESATTTTTT.....

Friday, November 1, 2013

Completion of 5 wave + ending diagonal?
On Weekly, the price surged past neckline for inverted head and shoulder (weekly & daily chart). Potentially, it will reverse to test the neckline (1 time) before resume it original move that is uptrend.

Congratulation to all winners.
Try to identify impulse move that is wave 1,3,5, A & C........patient needed. 
p/s - I still trigger the trade based on my trading strategy. Simple and no headache. Managed to catch the impulse wave. 

I think I'll conduct the coaching session only when I managed to gain multi-million in this futures trading business. Right now......stay silent in blog is better.

Wednesday, October 30, 2013

It seem that wave 3 has become extension wave (the longest).
Wave 2 is simple zig zag; so wave 4 will take alternate as flat pattern ? Not sure whether correct or not. I just read from the book.

Harmonic Pattern, - Since all the previous guessing of potential animal had been breach, at the moment, there is no obvious pattern appeared.

BULL shall continue until year end with some correction in the middle. Maybe...who knows?

Saturday, October 19, 2013

I see the harmonic pattern probable setup on FCPO.
and I'm still learning to count EW correctly. yup. Still struggling.
For me, those 2 are forecasting technique. I'll still trigger a trade based on my preferred trading plan.

from Q & A with elliotician, we are in the wave of 12345.....not ABC; Primary trend is wave 4 (flat pattern 3-3-5)
Ok thats all.

Till then, happy trading

UPDATE 25/10/2013
It hit my target on upper side and blow away....
Will it happen like what i draw (shark pattern) previously? Let see....
Harmonic Pattern and EW (Forecasting Method); Triggering - my own method.

Friday, October 11, 2013

I just testing the basic knowledge of EW.
by the way, I'm not an elliotician.

saja saja test.

I'll start re-calculate Uptrend as 12345 if the downtrend 5 wave formation broken completely i.e the start of wave 1 broken.

The start (beginning) of wave 1 in downtrend has not broken since 2011.
I guess, it will happen sometimes in 2014 or end of November 2013.
-learning from books completely with some assistance from fizi and wafi.....

Saturday, October 5, 2013

In daily chart - it is a waiting game.
Follow religiously your trading plan.

This system is based on trendline breakout + 1 custom indicator (combination of 2 basic indicators)
Trade is triggered when price break the trendline and indicator showing bearishness / bullishness.

AUD/USD ; GBP/USD; USD/CHF - showing new signal, but in weird move - GU and UC in tandeem - showing USD strengthening , however, different case with AU. Is AU move a fake one? We will see.

Monday, September 23, 2013

correction pending...

Wednesday, August 21, 2013

At the moment, seem the price respect 2285 support line very well.
on 60minutes chart, price seen break the trendline and testing it for the 1st time(with very long bull candle).
Let's see what will happen today.

Monday, August 12, 2013

Gold, ready to explode again?
Fractal trendline breakout.

Trade what we see....

Monday, August 5, 2013

Short live Bull??
or just take a breath before resume bullish?

I don't know. Trade what you see based on your trading plan.
Last day to trade tomorrow, before long holiday.....Wednesday afternoon - Sunday....

Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin

Saturday, August 3, 2013

Euro Pair....

Hi all,
lets take a look on Gold.
The chart shows Lower High(LH) established and trendline break out.
The move down continues? or it just a healthy correction....let see whether it can break the upper resistance trendline or break the pin bar pattern.

Thursday, August 1, 2013

Hi All,
1) Double Bottom - 2137
2) Pop up Candle (Engulfing type)
3) Trendline breaks
4) Above MA line.

This suggest the Bull is coming back. Buy on retracement to fibo line 50-61.8% line. TAYOR!

Saturday, July 27, 2013

Hi all,
Lets take a look on Gold.
The price has been on steady move to the north since last time hit low of below 1200 this year.
From Harmonic pattern perspective, the bull run may end soon......(just my reading and dreaming hehehe)

For Forex lovers, here we go...the EURUSD

Saturday, July 20, 2013

Hi guys,
Lets take a look, from Harmonic Pattern Perspective.
on weekly basis -
Potential for Butterfly / Gartley. Target area in the circle before bounce back to become BULL.
However, we need to see the price break the supper support 2220 and close below it first.

We must remember, that when trading in commodities, the price shall not stay at super low for too long or super high for too long due to production cost etc. everything have to be counted.

Trade with cautious. Act fast with fast changing game like this. At the moment, FCPO is not so favourable to Daily tf trader. Me too. I diverted to tf 4hr for better opportunity.

Saturday, July 13, 2013

OK....last friday, big move down from Thursday. about 72 points. Hopefully, you manage to catch it (if not all).

My reading was failed. The price didn't even touch 50% retracement of fibo before resume downtrend. So, i cut my trade earlier (nasib baik je nih), and manage to catch the down move.

Trading Idea:-
1. Above MA8 on Daily Chart - BUY bias. Turn to H1 Chart, trade buy as long as price above MA8 on H1 chart. Out when it moves to other side. As long as Daily Chart price still above MA8, only find signal for BUY on H1 chart.

2. Below MA8 on Daily Chart - SELL bias. Turn to H1 Chart, trade Sell as long as price below MA8 on H1 chart. Out when it moves to other side.As long as Daily Chart price still below MA8, only find signal for SELL on H1 chart.

Wednesday, July 10, 2013

IPO season coming again in Bursa Malaysia.
for a quick notes, just look at the performance of IPOs counter this year (on its first day listing).
Total cumulative percentage of 10 IPOs this year is 59.29%.

If you are investing i.e RM10,000 on each IPO, your investment may end up to RM15,929.00 by now - using the strategy of selling by end of day 1.(minus brokerage, stamp fee, etc....little bit less than that of course hehe)

So, use your brain wisely, trade with cautious. There are money for everybody on the table. Sikit sikit sorang ok.

Tuesday, July 9, 2013

Hi all,
Sorry for not updating this blog for quite some time.
I post my idea on trading mostly on FB lately. That's why this blog become lonely, day to day.
However, I'll try my best to post it here from time to time.

back to business.
My reading of FCPO - it will go up (resume the trend, after testing 61.8% retracement level). Maybe wrong, maybe right. Trade what we see....

Wednesday, April 3, 2013

Maybe it's going UP!
trade what u see ok.

Wednesday, March 13, 2013

Hi all,
this is GOLD current situation.
with Pin bar appeared last Friday and confirmation candle yesterday.
I think the BUYING is now starts.....
My stop loss will be below the pin bar.

Sunday, March 3, 2013

Hi all,
For the whole week, we saw a big gap and drop of CPO price from 2530 to 2367 (end of week).
This week, we might see some correction in price. Rebound from Soy oil also will support the correction. We might see the gap up in Monday.

My opinion, if I want to BUY, I'll buy and take profit fast i.e 10-15 pts. I'll try to SELL on Rally.
Trade what you see guys.

P/s - You need to decide and timing your action to take position in trading accordingly.

weekly chart

hourly chart

Sunday, February 24, 2013

This is Gold Analysis.
at the point of analysis, the weekly and daily price are below SELL bias.
Short on Rally. Need some patience.

maybe, EURUSD will bounce back from support to 1.33 before resume downtrend.
thats all. filter it with your own trading style.

I just use these pair to train my eye on ICHIMOKU.

Hi all, lets look at the Daily and Weekly Candle of FCPO (May 13 Contract).
My Analysis - SELL Bias.
1. Weekly candle end in Bull candle. However, the long shadow on upper part really made me concern
2. Friday candle (Daily) is a pin bar type of candle appeared at Resistance area.
3. Price is at MA10 (maybe going down).

I might be wrong. Take action accordingly.
Trade what you see, not what you hear ya!


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