1. Yesterday price able to make a new ATH with a valid breakout
Trading Plan :
1. Setup : Price cross EMA50 indicates price might be downtrend or sideway.
2. Signal : Rejection @ 15min
3. Confirmation: Bullish engulfing
4. Entry: 50% of bullish engulfing
6. SL: 10tick below recent rejection
7. TP is subjective
As we generally know that CPO products usually have a bullish trend towards the end of the year due to short supply for any reason.
Therefore, if the price is still in bullish momentum, there are multiple possibilities.
New contract price range (FCPOF2022)
1)If the uptrend is still strong, the JAN2022 contract will try to break higher and close...
Price almost reach the conservative PnF target price at RM5113
If we look at the current condition with a shortage of supply due to many reasons, the possible next TP is RM5480 which is PnF aggressive.
this is haidojo and the number is 304 ...
Today is 13th Oct 2021 and fcpo-dec21 is going to expire in 2 days or less. October has been blessed with the continuation of aggressive bull which resumes the rally frm last month. Still, the momentum of the long-run bull persists and there is no sign of slowing down. If you are trading some kinda...
Yesterday closing market setup.
Trading Plan :
1. Setup : EMA14<EMA50 = Sell trend
2. Signal: 15min Price retest EMA14
3. Confirmation: 5min Bearish Engulfing
4. Entry: at least 50% bearish engulfing body CS
5. SL: 10tick above retest CS
6. TP: 15min support area / if there any rejection
If today price open above EMA14 consider the market sideway with this...
Today BMD increased the min margin to RM7000 due to the high volatility of the market.
Trading plan today :
1. Setup: EMA14>EMA50 @15min TF
2. Signal: Price retest EMA14 @15min TF
3. Confirmation : Bullish Engulfing @ 5min TF
4. Entry: Since bullish engulfing body CS below 10tick, enter by market order.
5. Exit SL : 10tick below retest CS
6. TP: nearest...
1. Yesterday have bullish pennant formation.
2. Today morning open price hit TP with 1:1 for pennant formation
3. Bearish momentum strong
4. Possible formation of bearish pennant as long as not break the bearish engulfing pattern.
Target TP is 120point.
1. Entered a trade based on Discretionary on Green Pentagon.
2. Exit partial as the price progresses.
3. Flatten the trade when price comes back to the Entry Price for the 2nd time.
Total contracts trade:
Entry : 5 contracts.
Exit partial 1 : 2 contracts @ 5pts.
Exit partial 2 : 3 contracts @ 1pts.
- Did a Long trade as price was at the bottom and created a nice base.
- Entry on 2nd Green Pentagon Guider with a SL of 10 pts.
- TP at 20pts but monitor as chart unfolds; exit when Red Pentagon appears.
Total contracts Entered: 6
Exit partial 1 : 2 contracts @ 5pts profit.
Exit partial 2 : 4 contracts @ 5pts profit.
1. Yesterday 15min CS have a reversal pattern with bearish engulfing @ 5min TF.
2. Today's price has a valid breakout of EMA50. there are 2 possibilities when price breakout EMA50 :
i) Bigger sideway range
ii) Continue downtrend
3. Signal: 1st pullback after a breakout
4. Entry: After bearish engulfing @5min + 15min Bearish engulfing
5. SL: 10tick above...