HAIDOJO_trading

FCPO TRADING : 142) sideway market + headNshoulder

MYX:FCPO1!   CRUDE PALM OIL-RINGGIT FUTURES
hi, this is haidojo trading and the number is 142...if you are chasing the price then probably you will feel exhausted bcox of the gaps...
fcpo is well-known for its gaps...the sudden gap-up or gap-down will definitely keep you in the blind...if it turns against you while you are holding a swing position, actually thr is nothing much you can do...either cut loss or hold...

that's why there is a saying, " waiting for things to happen is better than constantly chasing the next shining object" ...so be conservative when the market is sideway...unless you have a proven strategy which work in consolidation...

higher resistance : 2780-2810

immediate resistance : 2710

lower support : 2560-2605 the possible neckline for "head-and-shoulder"

WARNING!
RISK DISCLAIMER
: this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!

**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**

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