FCPO Analysis Update 31/10 - 4/11/2016

Assalamualaikum & very good day.

Last Week Recap.
Price did shoot up as predicted on Monday and start consolidated for the next 4 days last week. (A tough day to trade as it performed as Harami).

Next Week Opportunity.

I want the price to break either upper side or lower side of Harami's mother candle before making any commitment.

On bigger picture, FCPO chart shows us that the inverted HnS pattern is on the card and cannot be taken lightly. I may put bigger weightage on Long opportunity rather than Short opportunity for now on.

Personal Coaching.

Right now, I'm in the midst of coaching 1 guy who lost much in FX due to sudden drop in GBPUSD last 2 weeks. It's hard to re-train person with some experience in market. Hopefully I can make it.
It's not the knowledge that is difficult. It is Habit, discipline and muscle memory that are hard enough to re-develop, re-compose.

FCPO Analysis Update 24-28.10.2016

Assalamualaikum & very good day everybody.

Last week, FCPO creates big gap on Monday, followed by bullish candlestick as anticipated. However, once it touched 2800, it did some sharp reversal until Daily candle showed Engulfing pattern and move lower down to 2691 before recover on Friday ends.

Lets take a look on chart for this week. Looks like the signal is mixing (CS vs Others). Either way can be. Chart wise, it is still on Bullish tone.

FCPO Update Analysis 17-21.10.2016

Assalamualaikum and Good day fellas.

Last week analysis was short-lived and price started to climb up on Tuesday, hitting our stop loss. (entry was hit below red arrow)

It was proven that Bear failed to punch the bull and surrendered. We did some damage control by reversing the position (according to the trading system) and recoup the losses.

Enough for last week.

Let see what market has to offer for next week.

Weekly

Daily

Potentially, it will test the Red zone again (SoyOil did some push up on Friday night, so expect a gap up on Monday). Do Not rush in following the gap. Relax. Buy on weaknesses, according to the plan.

For me, it is a little bit stress for October, since I increase the lot (double it up) starting this month after the capital growth tremendously since last 3 months. Nevermind. Just follow the plan. 

How about you?

Till then, Happy trading. TAYOR.