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.