FCPO Update Analysis 26-30.9.2016

Hi All,
This is latest update on FCPO.
Potentially, there will be more downward movement before resume trending up. I might be wrong. Market is always right. See the market and act accordingly ye.

Last week - on tf30 - We have 4 trades - 4 win
if on tf10 - 13 trades - 5 wins, 8 losses.

FCPO UPDATE & ANALYSIS FOR 19-23.9.2016

Assalamualaikum & very good day fellas,

Last week trading was not so encouraging as price turned back from its high and went down to 2547 before settling at 2594 for November market.

For those who buy on dips, there was 1 valid entry (on the last day of last week). for buy on breakout - nil.

Lets take a look on potential trade this week.
For me, with new contract (DEC16) coming into continuous chart, it will be little bit tricky on Monday. Let it settle down, and start trade again. My tf of choice is TF30 & Daily. Why? Because I'm part time trader and I don't have much time to glue in front of lappy / pc.

Crude Oil & Soy Oil Update 9.9.2016

At the moment - I didn't follow Crude Oil & Soy Oil too close due to restriction of my time at night (teaching my kids on their study & homeworks; playing with my other 2 kids which are below 5years old).

However, let's take a glance on what the chart trying to tell us.

This is crude chart.As we can see, it did breaks the last defense of bear sometime in August and test the fibo 61%. Currently, we see the engulfing bear candle appears last Friday. 50-50.

My guess......as long as 61% holds, I want to find BUY Opportunity.

Soy Oil - same pattern as Crude Oil. Last defense of Bear had been broken. (Demand >Supply).

Right now, price is in consolidation. Let's see if the price could move higher to FE 100% or more.

Soy Oil & FCPO travel on the same path. One goes up, the other one will follows. Vice versa.

OK that's all from me.

FCPO Update and Analysis for 12/9-16/9/2016

Assalamualaikum & Good day fellas.

First of all, thanks for supporting this blog.

As per last week analysis, FCPO did shoot up on Monday, before retrace back to 2588. The entries for BUY on Weaknesses were around 2600-2610

For next week, we will only have 3 trading days as 12/9 & 16/9 will be holiday in Malaysia (Raya Haji & Malaysia Day)

My eyes saw that it will test red zone resistance next week and following weeks. Expect some differences in continuous chart due to change of contract month (November to December).

Happy Holiday & Happy trading.

My 2017 plan - To coach 10 traders (10 and only 10) to become consistently profitable traders. 1 year coaching programme (Classs & Signal Discussion). Fee based coaching. Yup. No more Freebies.

FCPO Update (Trading Analysis for 5.9.2016-9.9.2016)

Assalamualaikum & very good day fellas.
Hope you enjoy the southern train that ends at 2487 (38% fibo).

Let's take a look on what is there facing us next week.

Analysis will be based on SBR/RBS (S = Support; R= Resistance; B= become); SND ; Simple Candlestick; Trendline and a few indicators of my choices.

Weekly Chart

Daily Chart

Question for this week- for readers

1. When do you change fibonacci reading (i.e 0% at top to 0% at below)

When you know this, and you have standard SOP of when you need to flip it, you will find that fibo is quite simple.

Disclaimer - I'm not good in counting EW. I Swing the trade using my own approach and strategy.