FCPO Analysis 29 Oct - 3 Nov 2017

Assalamualaikum & Selamat Sejahtera,

Last week, was an awesome week for bullish camp.

Let's see whether the bulls still has its steam or not this week. Or it will take some breath before resuming the trend in Thursday/Friday. Let's see.

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 (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.

FCPO Update & Analysis for 15-19/8/2016

Assalamualaikum & Good day to all.

Weekly time frame

Daily time frame

Looking back last week - 8-12th August 2016, Price managed to break LH of 2404 thus, confirming the uptrend. Quite pretty easy for those who are in Bull camp to score points after points right?

Lets have a look on the analysis for next week trading.

1. We have end of contract day on 15th. for active contract (3rd month contract).

2, Difference price of Oct contract and Nov contract is 30pts.

3. All indicators right now showing Buying signal.

4. Price might test 2577 this week and turns back to support area (who knows hehe)

5. Candlestick - all from Weekly & Daily is showing solid Bullish.

6. Trendline - Testing for 4 times this week. Next week potentially, it will break and need some healthy testing, before resume uptrend.

Ok. that is what I observed from the chart. What about you? Feel free to comment.

Next year, I'll open the slot for 10 students to learn & trade together using my approach to the trade - not gluing in front of laptop. 

Yup. only for 10 person. 

12month learning period, 

trading together (alert via whatsapp/telegram), 

learning fee become trading capital. Is that satisfy your need?

FCPO update EOD 19 Feb 2016

Lets see where the FCPO price will be heading this week (22-26 Feb 2016)

From my analysis, the probability is to pullback to the previously resistance that has become support.

Please do your own analysis before taking any position.

FCPO update EOD 15/2/2016

Assalamualaikum and Good Day everybody.

1. 15.2.2016 - Last day for April Contract FCPO. Next active contract month is May.
2. ITS reported that export for 1-15 Feb 2016 was down by (16.11%) compared to 1-15 Jan 2016.
3. SGS reported that export for 1-15 Feb 2016 was down (14.16%)

OK. Finisih with fundamental. Lets look to the chart. What does it trying to tell us.

Zooming out, my reading of inverted Head & Shoulder still intact. However, Price is stuck at current resistance and pull back to previously RBS.

When we look into smaller scale - we can see the candle shows engulfing pattern, which is sign of reversal.

OK. That's it. Let's go hunting - on your preferred time frame.

#fcpo
#learnfcpo
#tradefcpo

FCPO Update EOD 5/2/2016

Assalamualaikum & Hi everybody.

First - Happy Chinese New Year to all my chinese buddy.

Second -  Lets take a look onto the chart - FCPO (Daily Chart). This is my analysis. Trigger point will be different. Everybody has their own opinion. So I appreciate positive comments.

On Daily chart, we saw that FCPO price already breach the Resistance and reached target of tf30m iHnS. I think, it might going to test the new Support (RBS) before  resume it uptrend.

Daily target for iHnS as in the picture. Maybe correct maybe not. Market participants decide collectively. I just follow the majority. Just try to be an early bird.

OK....now, from the zoom out daily picture above, can you spot how many HnS pattern on the chart?

I'll update from time to time if there is any changes on the chart/market

FCPO Outlook 17-21 Feb 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.

Daily EOD 7 Feb 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.

2014 First Post

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.

Past Week Recap

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.

FCPO EOD 11 Dec 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 kan....trade on your own risk and effort.

I'm bias to BUY camp on December.

FKLI & FCPO Outlook 25-29 November 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.......

FCPO Weekly 18-22 November 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.

FCPO EOD 6 Nov 2013

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

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.....

Hello November.

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.

FCPO Outlook 30 October 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?

FCPO Outlook 21-25 Oct 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.

FCPO Outlook 20 August 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.

FCPO Outlook 1/8/2013

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!