Friday, April 4, 2014

Hi all,
at the moment, latest signal is as follows;
1. Price at Support
2. Candlestick showing weaknesses to Bear i.e Pin bar / morning star.

Not good sign for sell maybe.

Saturday, March 1, 2014

Overall trend - Bullish.
so, just keep your finger on BUY button.
Buy on bullish continuation pattern. Do not enter blindly.

Sunday, February 16, 2014

Hi all,
lets look into Weekly Chart first.

Seem the resistance at 2692 will be tested again. but when?

Going down onto Daily Chart.....seem we got the answer there.
The chart shows 'star' sign - a bearish sign.
Potentially, market will go easy this week (my guess only).

Might be Buy on dip or buy once confirm break 2692.....

Happy trading to all.

Saturday, February 8, 2014

Potential to develop into Crab pattern.
Others - Trendline breakout; price above MA13.

CPO is in consolidation mode lately. For trend following traders like me -  suffer waiting for the setup.
but never mind. I use daily chart, so only once a day. spent couple of minutes to analyse and decide whether there is setup or not for me to take.

Happy trading all.

Saturday, January 25, 2014

Hi all,
It seem that I'm very unproductive in posting in this blog lately. Not because I'm lazy, but I just didn't know what to post here if there is no entry or signal from my eyes.

Ok, lets see the FCPO market ending 24/1/2014.
The pattern that I see know-
1. Candlestick - Inside Bar
2. MACD - showing positiveness.
3. Trend - Sideways within short term downtrend channel. on bigger channel, we're still in uptrend channel.

I'm more towards BUY or LONG by looking into the chart. What about you ?
Happy trading. Trade on your own risk (TAYOR).

I'm using 4hr chart and Daily chart as my trigger entry. I'm happy if I can get 20-50 trades per year with 70-80% success. It becomes my 2nd income, to add into my day to day job salary as Engineer in Oil & Gas. No need to rush, no need to monitor the market whole day. What I need is a few minutes a day to analyse the market at night or early morning and decide whether there is setup for me, where is the entry points, where is my stop loss point.


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