Crude Palm Oil FuturesSingkat
FCPO TRADING : 249) trend has reversed into fast-drop
this is haidojo and the number is 249 ...
As I has mentioned earlier in trade 247(go watch it if you haven't), critical support is at 3670, if it has been broken, then downtrend has arrived.
what I don't expect is a fast-dropping downtrend...I tot the transition will move frm "uptrend - sideway - downtrend"...
instead, what has happened is "fast uptrend --- fast downtrend" a 180 degree upside down turn which happens immediately...
two consecutive days with down more than 100pts...so, no counter-trend trade...
the best offer market is providing now is short on rebound...a friendly reminder : if you are new to the fcpo, and has never traded it before..
pliz, stay away...now is the fast-swing period...it is certainly not a gud news for newbies and the faint-hearted ones...
although I consistently hear the gurus out there urge their students/apprentices to "short it", " don't think, juz do it" ...
it is not recommended to do that...bcox after fast fall, we might have fast rebound...especially those deadly gaps...
Get a trading plan, test it, then stick to it...don't follow blindly what the gurus say, test it...verify it, make sure it is repeatable...
then only apply it...
*plan your trade and trade your plan... gud luck*
highest resistance : 3600
resistance : 3470
support : 3320-3470
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!
As I has mentioned earlier in trade 247(go watch it if you haven't), critical support is at 3670, if it has been broken, then downtrend has arrived.
what I don't expect is a fast-dropping downtrend...I tot the transition will move frm "uptrend - sideway - downtrend"...
instead, what has happened is "fast uptrend --- fast downtrend" a 180 degree upside down turn which happens immediately...
two consecutive days with down more than 100pts...so, no counter-trend trade...
the best offer market is providing now is short on rebound...a friendly reminder : if you are new to the fcpo, and has never traded it before..
pliz, stay away...now is the fast-swing period...it is certainly not a gud news for newbies and the faint-hearted ones...
although I consistently hear the gurus out there urge their students/apprentices to "short it", " don't think, juz do it" ...
it is not recommended to do that...bcox after fast fall, we might have fast rebound...especially those deadly gaps...
Get a trading plan, test it, then stick to it...don't follow blindly what the gurus say, test it...verify it, make sure it is repeatable...
then only apply it...
*plan your trade and trade your plan... gud luck*
highest resistance : 3600
resistance : 3470
support : 3320-3470
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!
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