FCPO1Welcome . Quick deal. An opportunity to buy fcpo1. Breakout of the double brick pattern. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank yo
FCPOX2020
Week 45: FCPOX 2020 - Gap Filled, Time To ShortWeek 45: 02 to 06 November 2020
FCPOX 2020 analysis
The price had been rejected two days in a row and not able to go beyond RM3,300.
Weekend gap had been filled and if there is no continuation in the momentum, there is no reason for the price to go higher.
This is a good opportunity to Short the market with a lucrative RRR.
Here is my personal trade:
Sell Now at market or at RM3,253
Stop Loss at RM3,300
Take Profit at RM3,062
Risk Rewards Ratio = 4.11R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 41: FCPOX 2020 - Waiting for a BreakOut confirmationWeek 41: 05 to 09 October 2020
FCPOX 2020 analysis
The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area.
I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation.
Here is my personal trade:
Sell Stop at RM2,741
Stop Loss at RM2,800
Take Profit at RM2,613
Risk Rewards Ratio = 2.15R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 40: Compression is coming on FCPOX 2020Week 40: 28 September to 02 October 2020
FCPOX 2020 analysis
At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder.
However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending triangle.
Therefore, there are many variations that we can play with the market. As this is a weekly analysis, I will choose the smallest risk with a much favourable risk rewards ratio.
Here is my personal trade:
Sell Limit at RM2,978
Stop Loss at RM3,027
Take Profit at RM2,695
Risk Rewards Ratio = 5.9R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 39: Opportunistic Short on FCPOX 2020Week 39: 21 to 25 September 2020
FCPOX 2020 analysis
Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio.
We only need to risk RM24 to get RM336, that is 14R.
Again, this is a risky move as we are trading against the trend, but, this is a worth trying.
Here is my personal trade:
Sell at market now RM3,111
Stop Loss at RM3,135
Take Profit 1 at RM3,000
Take Profit 2 at RM2,900
Risk Rewards Ratio = 14R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 38: FCPOX 2020 is forming a Double Top?Week 38: 14 to 18 September 2020
FCPOX 2020 analysis
Last week the prices were consolidating in a wedge, it is similar to the Bullish Flag pattern.
Therefore today's price was open higher and creating a price gap rather wide.
The level to watch is MYR 2,892
If this price level is broken, the price will go higher. However, if it fails to break, then we are anticipating a Double Top formation with an immediate Take Profit at MYR 2,811. The overall outlook is still bullish unless the price comes down to MYR 2,725, then we can say that the price is changing its direction.
For today we are still neutral until we see a confirmation sign.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 37: FCPOX 2020 is worth a waitWeek 37: 07 to 11 September 2020
FCPOX 2020 analysis
Last week the price broke the resistance level, however it was not a clean break.
It means, it was not really a sign to be bullish yet. We are anticipating two possibilities:
The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area.
(1) If the price bounce at RM 2,745 area, then it is a good sign to look for a BUY.
(2) If the price is back inside the previous consolidation zone, we can be sure that the past 2-3 days are just a False Breakout.
We will sell the whole-nine-yard when it happens.
That's why I recommend if we just sit tight and watch first, for now (Monday), no clear direction.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 36: FCPOX 2020 is stagnantWeek 36: 31 August to 04 September 2020
FCPOX 2020 analysis
If you are still holding your LONG position from last week, now it is a good time to liquidate your position.
Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent before the storm is coming, as a trader, we shall wait and follow the next movement.
This week, I would rather wait and see. I will place two lines:
- if the price break RM 2,840, then I will look for a setup to buy
- if the price break RM 2,600, then I will look for a setup to sell
For now just chill.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 35: FCPOX 2020 remains at the Up Trend ChannelWeek 35: 24 to 28 August 2020
FCPOX 2020 analysis
This week is a continuation of last week consolidation, the price remains inside the up trend channel.
As we are waiting for the price to break the channel, as at today, on the lower time frame we see that the potential to be bullish is higher than last week.
This week my personal call is rather risky as the ratio is less than 2R.
Entry Buy Limit at $2,645
Stop Loss at $2,562
Take Profit at $2,800
Risk Reward Ratio = 1.73R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 34: FCPOX 2020 is in the middle of the range.Week 34: 17 to 21 August 2020
FCPOX 2020 analysis
If you are following last week analysis, we were bullish for FCPOX 2020.
However, this week the price is exactly in the middle range which is risky for us to trade.
The current range is around RM 200 with an immediate resistance at 2725.
This week no trade call, as the Risk Reward Ratio is only 1R, practically it is a gamble trade.
However, should 2725 resistance broke; we are aiming for 2800 to be hit; else it will move sideways.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 33: FCPOX 2020 We are still BullishWeek 33: 10 to 14 August 2020
FCPOX 2020 analysis
Last week the prices were ranging in a tight consolidation, our Buy Limit was not triggered yet; my view towards FCPOX 2020 remains the same.
Buy at retracement level, hence we minimize our risks.
This week trade call similar to last week with a small refinement:
Buy Limit at 2611
Stop Loss at 2560
Take Profit at 2790
Risk Reward ratio = 3.6R
Disclaimer :
This is for education purposes, you may follow with your own lot sizing and risk appetites.
As usual, I would like to make it as a habit, once your position(s) is/are in the profit zone, please move your positions to Break Even.
Week 32: FCPOX 2020 At the crossroadWeek 32: 03 to 07 August 2020
FCPOX 2020 analysis
This morning the market open with a gap up and stopped at 2724 (at the same level as previous high).
For here on, we better wait for a better signal, because:
(1) if the 2725 level is being respected, it means the market will form a double tops.
(2) if the 2725 level is broken with a clean break (bullish momentum), then we can ride up to 2830.
For my own preference, I prefer to wait until the price make a small pullback at 2645 area.
This week trade call:
Buy Limit at 2645
Stop Loss at 2563
Take Profit at 2830
Risk Reward ratio = 2.3R
Disclaimer :
This is for education purposes, you may follow with your own lot sizing and risk appetites.
As usual, I would like to make it as a habit, once your position(s) is/are in the profit zone, please move your positions to Break Even.
Week 31: FCPOX 2020 Preparation to ShortWeek 31 (27 July - 30 July 2020)
Code: FCPOX 2020
As at today, the price is still within the trend channel, ranging in the middle of the zone.
There is no a confirmation to take any actions yet, personally I am quite bearish bias and we should wait for a price confirmation to sell.
For an aggressive trader:
If today/tomorrow price is closed below 2640, then we can start selling.
As for a confirmation trader, we can wait for a Pull Back sign:
(1) wait for the trend channel is broken
(2) wait for the pull back at 2666 area
(3) then you can execute Sell Order
How about LONG/BUY? unless the price can beat the current bearish momentum and broke out of the channel at 2700 and above, we are aiming the price to go as high as 2800 area. However, your Risk and Reward ratio is not favourable; hence I am still leaning toward Bearish Bias at the right setup and price confirmation.
My Call for this week : (provided the above conditions are met)
Sell Limit at 2666
Stop Loss at 2700
Take Profit at 2520
Optimal TP at 2450
Risk and Reward ratio: 1 to 4.3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
FCPOX2020 Bullish exhaustionWeek 30 (20th to 24th July 2020)
Futures code: FCPOX 2020
This is my first post analysing CPO Futures and I will try to make it a weekly post.
Historically 2650 is a good Resistance level to watch and in the past 3 days CPO prices were failed to breached through. RSI Stoch also is starting to bend down, along with a slowing down in Bullish momentum.
If you are an aggressive trader, you can start Shorting FCPOX 2020 at 2650 (Sell Limit), alternatively if you are a confirmation trader, you can wait whether today's price will be closed as a bearish candle.
This week trade call :
Entry at 2650 (either at market or Sell Limit)
Stop Loss at 2690
Take Profit at 2505
Optimal Take Profit at 2450
RR ratio, at least 1:3
Always secure your profit by moving your Stop Loss at Entry Point after the price is moving towards your profit zone.
Good Luck.
