Category Archive Weekly Futures Market Outlook

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 16 to 20 Oct 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 

Based on the latest price action, FKLI will resume its downtrend if prices below 1,760 and price action forming lower highs and lows. Downtrend target will be 1,752 and 1,740. Risk management is 1,760. Meaning any price that close above it will negate our downtrend analysis.

When prices do close and negate our downtrend analysis, we will be looking for buying opportunities to trade in-line with that potential uptrend. We will do so especially when prices above 1,760 and price action forming higher highs and lows. Uptrend targets will be 1,773 and 1,789. Risk management will be 1,760.

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FCPO

The next market we are going to discuss is FCPO. Last week we made 3 trades on this market. First trade was a loser as the market triggered our stop loss. The next 2 trades were winners. and these 2 trades easily recover our losses in the first trade. So in the end we managed to earn a handsome net profit for the week.

Trading is all about risk & reward. If you can manage your risk properly, you can easily recover from any drawdowns and net profit.

Going forward this is how we will prepare for FCPO. When prices remain above 2,744 and price action forming higher highs and lows, the market likely to resume its uptrend this week. Uptrend targets will be 2,775 and 2,803. Risk management is 2,744-40.

On the other hand, shall prices break below 2,744-40 and forming lower highs and lows, FCPO likely to trend lower. Downtrend targets will be 2,705 and 2,688. Risk management is pegge at 2,744-40.

These are the game plans for FKLI & FCPO. If you found yourself in a trade that you shouldn’t be in or had huge unrealized losses, do cut loss immediately to protect your capital. It’s ok to be wrong, BUT ITS NOT OK TO STAY WRONG. Keep your losses small.
HAPPY DEEPAVALI to our Indian viewers and everyone all the best in your trading.

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 9 to 13 Oct 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

My apologies for not been posting the weekly futures market outlook videos because, for these past 2 weeks, I had been busy with my Intensive Futures Program. Although I had been busy & tired but I felt happy that we able to help these traders how to trade the proper way & not just simply gamble off their trading account. Overall it has been fruitful 2 weeks time because we managed to help traders solve their trading issues and improve their strategies.

 

Based on the latest price action, FKLI is likely to resume its uptrend. First this is because the market is above 2 important structure support: which is 1,752 and 1,760. Did you noticed that there are once, twice, 3 times and 4 times that the market found its support at 1,752? This means the smart money roughly came in around these zone and push the market upwards. So since the market is above these important market structures, we don’t want to trade against the market and instead shifting our focus on finding buying opportunities. And as long as market forming higher highs and lows, we will be maintaining our focus on buying. First uptrend target at 1,768, second target at 1,773 and possible 3rd at 1,780. These are all important structures which market had obvious price actions on. Risk management is 1,760.
However, sometime things wont go according to plan. Shall FKLI breaks below 1,760, we have to change our game plan. Remember as traders, we want to trade in-line with the market trend, not trade against it and lose money. So as I were saying, shall FKLI breaks below 1,760 and forming lower highs and lows, this means the buyers are defeated and the sellers are in control of the market. Hence we will be looking for selling opportunities with targets at the all important 1,752 structure. If that breaks, the next structure is 1,740. Risk management is 1,760.
—————

FCPO

The next market we are going to discuss is FCPO. FCPO roughly from July has been creating higher highs and higher lows until it failed to break the 2,900 structure. And since then the market swing lower and creating lower highs and lows along the way. Then the selling pressure stops at 2,650 structure. A couple of traders on my saturday’s Intensive Futures Program asked, what is the next market trend for FCPO? Is it going for an uptrend or downtrend? Now these are normal questions traders will always ask. I am sure you watching this video will also ask too. However, unfortunately, there is no certain answer. The market doesn’t listens to us. The market goes where it likes to go. As traders we just want to participate on any profitable trends the market presents itself to us. So here is our rough gameplan for FCPO.
 
Shall prices manage to stay above the 2,724 structure and start forming higher highs and lows, I believe FCPO will start trending higher. First uptrend target will be 2,744 structure with the 2,775 structure as second target. There is another third target at around the 2,803 structure. However, when prices breaks below the 2,724 structure, it will negate our uptrend analysis and hence from that moment onward the market likely to start downtrend. Consequently we will start shifting our focus to find selling opportunities and trade in-line with the trend. First downtrend target will be 2,700 and second downtrend target at 2,652. Take note, 2,700 is a psychological round number and market structure while the 2,652 is another structure where previously the buyers came in and pushed the market upwards.
These market structures are simple yet powerful. It certainly can help you to understand what the market is trying to telling you. Once you can identify market structures, then you can trade in-line with the main market trend. Obviously this is really not enough to start trading profitably, this market structure is just a piece of the overall puzzle. There are a few more pieces which you need so you can have a solid trading plan that covers entry, adding positions, cut loss and targets.

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 26 to 29 Sep 2017

FKLI & FCPO Weekly Outlook Text:

FKLI

 
Based on the latest price action, we can say FKLI is in a downtrend and we are looking for opportunities to short sell this market and to trade in-line with the downtrend as long as prices below 1,760. This is because 1,760 is an important structure that must be broken if we want FKLI to continue its downtrend. We also can look out for lower highs and lows, as that will give us clues as well. Shall all these criterias are met, we are preparing for the possibility that FKLI will drop towards 1,752 or 1,740 support. Risk management will be 1,760, any price that managed to close above it will negate our downtrend analysis
Alternatively, we are preparing to buy low if prices stay above 1,760 and price forming higher highs and lows. Uptrend targets will be 1,767 and 1,777 for the time being. Risk management is 1,760, as you would have correctly guessed as well.
—–

FCPO

 

The next market we are going to discuss is FCPO. The palm oil market had been a downtrend ever since it failed to break 2,900 level. Based on the latest price action, this is how we are going to attack this market.
We are going to short this market, because we want to trade in-line with the dominant market structure, which is creating lower lows and highs. Besides that, prices are also below EMA13, another downtrend clue. But most importantly, prices are below 2,700. The market previously swing up from the low of 2,700 however recently the market broke this 2,700 structure.
Downtrend targets are 2,650 and 2,600. Risk management will be 2,700.
On the other hand, we are looking for buying opportunities if prices stayed above 2,700 and market forming higher highs and lows. Shall this happen, we are looking for 2,750 and 2,800 resistance levels as reference. Risk management is 2,700.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 18 to 22 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
We had a good trade on FKLI last week when it triggered our uptrend signal that we discussed in last week’s video and hit the 1,785 uptrend targetThe markets then had a retracement towards the downside a little. Currently it is trading around 1,784-85 zone.
Hence going forward, this is how we will formulate our plan of attack for FKLI this week. Shall the prices manage to stay above 1,782, and prices forming higher highs & lows, we will be looking for buying opportunities to trade in line with the potential uptrend. First uptrend target will be the previous market structure high of 1,791. Second uptrend target will be the psychological resistance of 1,800. Risk management will be the 1,782 zone. Any prices that closed below 1,782 will tell us that the market is likely to reverse its trend towards the downside.
So when the market does trade below 1,782, prices forming lower highs and lows. It signals to us that FKLI likely to trend lower and we want to look for opportunities to trade in-line with the downtrend. For added confluence, and its optional, you can observe whether prices also trade below the EMA13. Downtrend targets are 1,775 and 1,760. Risk management is 1,782.
—–

FCPO

As correctly anticipated in last week’s video, FCPO resumed its uptrend and hit a weekly high of 2,896. The market triggered our buy signal last week and we had a good trade on this uptrend as well. Now the latest price action is this: The market structure is uptrend, because as you can see, the market had higher highs and lows. As long as prices kept creating this price action and above 2,850, FCPO is likely to trend higher this week. Uptrend targets will be 2,900 and 2,950. Risk management is pegged at 2,850. 
On the other hand, shall prices dips below that 2,850 zone, there is a possibility that FCPO may had a slight downtrend towards the 2,800 zone. Another potential target is 2,750. Risk management is 2,850. 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

20 Sep, 10.30pm. Crude Oil Inventories. Previous inventory was 5.888M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

21 Sep, 2am. US FED Interest Rate Decision. Market is expecting FED to maintain 1.25% Expect price volatility for USD currency pairs.

21 Sep, 9.30pm, 22 Sep 4pm ECB president speaks. Expect some price volatility for EUR currency pairs.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 11 to 15 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
FKLI is trading around 1,774. So this is the situation that we have right now.
 
We will be looking for a long opportunity once price can stay above 1,767 and prices above the EMA13 line. Shall the market fulfill this criteria, our uptrend targets will be 1,783-85 and 1,800. Risk management will be the 1,767 zone, any candle that closes below it will negate my uptrend analysis.
 
Alternatively, FKLI will presents a short selling opportunity if prices break below 1,767 and market forming lower highs and lows. First downtrend target will be 1,750 while second downtrend target will be 1,740.
—–

FCPO

FCPO posted its 2nd consecutive week of gains with price closed at 2,766. FCPO resumed its uptrend as correctly discussed our last week’s analysis. Most importantly prices are currently above 2,750, that critical line in the sand that separates the bulls from the bears. Based on latest price action, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs and prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. Risk management will be the 2,750 zone.  

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

13 Sep, 11pm. Crude Oil Inventories. Previous inventory was -5.392M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

14 Sep, 3.30pm. SNB (Switzerland) Interest Rate Decision. Market is expecting -0.75%. Expect price volatility for CHF currency pairs.

14 Sep, 4.30pmBoE (UK) Interest Rate Decision. Market forecasting 0.25% rate. Expect some price volatility for GBP currency pairs.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 5 to 8 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
 
If you remember last week’s video we mentioned if price breaks 1,767, it will trigger a short sell opportunity and the market did that on last monday. Subsequently it fell to a weekly low of 1,755. Currently it is trading around 1,764-67. So this is the situation that we have right now.
 
We will be looking for a long opportunity once price can stay above 1,767 and prices above the EMA13 line. Shall the market fulfil this criteria, our uptrend targets will be 1,775 and 1,783. Risk management will be the 1,767 zone, any candle that closes below it will negate my uptrend analysis.
 
Alternatively, FKLI will presents a short selling opportunity if prices break below 1,760 and market forming lower highs and lows. First downtrend target will be 1,750 while second downtrend target will be 1,740. Give yourself at least a 1 to 2 risk to reward ratio when you are shorting this market with 1,750 as your first downtrend target.
—–

FCPO

As correctly anticipated in our last week’s analysis, FCPO did had an uptrend and hit our second target of 2,750. On Friday the market then closed at 2,751, which is right above the 2,750 support zone. We are grateful to had a good trade when it triggered our buy signal. Going forward, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs. For added confluence, you can ensure that prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. 

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

5 Sep, 12.30pm, RBA (Australia) Interest Rate Decision. Market is expecting 1.50% rate. Expect some price volatility for AUD currency pairs.

6 Sep, 9.30am. Australia Q2 GDP. Market is expecting a growth of 0.8%. Expect price volatility for AUD currency pairs.

6 Sep, 10pm. BoC (Canada) Interest Rate Decision. Market forecasting 0.75% rate. Expect some price volatility for CAD currency pairs.

7 Sep, 7.45pm. ECB Interest Rate Decision. Market forecasting -0.4%. Expect some price volatility for EUR currency pairs.

7 Sep, 11pm. Crude Oil Inventories. Previous inventory was -5.392M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

 

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Outlook: 28 to 30 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
 

Take note, this will be a very short futures market trading week because on Thursday 31st Aug, we will be celebrating our 60th Independence Day and on Friday 1st Sep, it is Hari Raya Haji. Happy Merdeka to all of us and also Selamat Hari Raya Haji to our Muslim friends. So the markets will going to be open on Monday until Wednesday, as a result we are expecting low liquidity/trading volume in our local futures market. But it does not mean there are not trading opportunities. As usual we traders have to prepared for any opportunities the markets throw at us.

 

If you noticed FKLI had been on a sideways trend for a quite sometime now. 1..2..3…11 candles that traded between the 1,767 support and 1,775 resistance zone. Is 1,767 a strong support? Look left, back in time, yes…1,767 is a strong support zone and currently buyers are also at this same level supporting the index. Now, you may ask…is this the right time to accumulate longs? Well, based on my experience and from the chart, now is not the best time. This is because 1,775 is a strong resistance and that’s where the sellers are converging at.

Hence, the professional way of trading FKLI right now is this. We will be looking for buying opportunities when the market eventually breaks above 1,775 PLUS forming higher high and higher low + prices above EMA13. This is the safest because when prices form these criteria, this means the sellers could be at its weakest. Uptrend targets will be 1,780 and 1,800. Risk management is 1,767.

 

On the other hand, FKLI will trigger short selling opportunities when market eventually breaks below 1,767 and prices below EMA13. This means the buyers unable to defend that 1,767 and it will be very easy for sellers to push the market lower to either 1,760 or 1,750. Risk management is at 1,775.

—–

FCPO

As correctly anticipated in our last week’s analysis, FCPO did had an uptrend and hit our second target of 2,750. On friday the market then closed at 2,751, which is right above the 2,750 support zone. We are grateful to had a good trade when it triggered our buy signal. Going forward, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs. For added confluence, you can ensure that prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. 

 

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

30 Aug, 8.30pm, US Q2 GDP. Market is forecasting 2.7%. Expect some price volatility for US Indices & USD currency pairs. Take good care of your trades.

30 Aug, 10.30pm. US crude oil inventories. Expect price volatility for WTI & CAD currency pairs. Take good care of your trades.

31 Aug, 5pm. EUROZONE Aug CPI. Market forecasting 1.4%. Expect some price volatility for EUR currency pairs. Take good care of your trades.

31 Aug, 8.30am, Canada Jun GDP. Market forecasting 0.1%. Expect some price volatility for CAD currency pairs. Take good care of your trades.

1 Sep, 9.45am, China Caixin Aug manufacturing PMI, Market forecasting 51%. Expect some price volatility for AUD & NZD currency pairs. Take good care of your trades.

1 Sep, 4.30pm, UK manufacturing PMI, Market forecasting 55%. Expect some price volatility for GBP currency pairs. Take good care of your trades.

1 Sep, 10pm, US Aug manufacturing PMI, Market forecasting 56.6%. Expect some price volatility for USD currency pairs. Take good care of your trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!

 
David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook: 21 to 25 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 

This is the FKLI day chart. If you remembered my last week’s analysis, I mentioned if prices can stay below 1770, it will drop to 1750. The index instead went down to a low of 1,764.5 and then went up again. As a result we only managed to earn a few points from FKLI. Going forward, last week price action contributed to this swing and this is how we are going to attack this chart for this week. The first thing we are going to do is to look for a KEY FLIP ZONE and what I meant by flip zone is a key reversal area that the market had an obvious turnaround. Looking at last week’s price action, FKLI gave us this 1765 zone. Hence this is how we are going to build our plan of attack: 1) if price can stays above 1,765 zone, 2) price forming higher lows & highs, we will be looking for opportunities to long the market.

First uptrend target will be 1,787, which was the previous flip zone where the markets had an obvious turnaround. If that flip zone been taken out by the buyers, the next flip zone is the 1,800 psychological round number, where the market treats it as an important milestone. 1,765 is the risk management zone. Buyers are judged to had lost the battle and we could see sellers try to push the market to either 1,750 or 1,730 if there are candlesticks below 1,765 zone.

FCPO

 

Above is FCPO day chart and if you remembered my last week’s analysis, we were bullish biased because price action forms higher highs and lows. FCPO consequently went up to a weekly high of 2,685 and we had a good trade. Going forward, our plan to attack for this week is still the same: which is bullish biased as long as 1) price action form higher highs & lows, 2) prices above the 2,650 flip zone. Now you may asks why 2,650 was picked. The answer is simply because when you look back in time, you will noticed whenever buyers broke the 2,650, the FCPO had a very strong upward movement? Hence if you are looking for buying opportunities, you have to ensure prices are above this 2,650 zone. For added “insurance”, price need to stay above the EMA13.

 

Uptrend targets are 2,700 and 2,750 with risk management at 2,650. Sellers likely to come into the market and pushed it down to either 2,621 or 2,568 if prices stay below 2,650.

 

FKLI, FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

23 Aug, 3pm, ECB President Draghi Speaks. Expect some price volatility for EUR currency pairs. Take good care of your trades.

23 Aug, 10.30pm, Weekly Crude Oil Inventories. Expect some price volatility for WTI Crude Oil. Take good care of your trades.

24 Aug, 2am, UK Q2 GDP. Market expecting a 0.3% rate. Expect some price volatility for GBP currency pairs. Take good care of your trades.

25 Aug, 10pm, FED Chair Yellen speaks. Expect price volatility for USD currency pairs. Take good care of your trades.

26 Aug, 3am, ECB President Draghi speaks again. Expect some price volatility for EUR currency pairs. Take good care of your overnight trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI & FCPO Outlook: 14 to 18 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

As correctly anticipated on our last week’s video analysis, FKLI did went up and hit our first uptrend target of 1,782. We had a good buy trade on FKLI last week when the market went up on Monday and Tuesday. Then our TLSC method triggered a short sell signal on Thursday and we managed to make a profit when the market had that sell off to 1,766.5. But we cannot be remain cocky that and have false sense of bravery. This is because a winning trade does not mean the next trade you will make money. All trades are random. If you had a few winning trades and have false sense of security, you will start to trade aggressively and worst still, you will start to gamble. You will then make unnecessary trades and exposed yourself to unnecessary risks, which in the end you will lose money. That is how the market gets back at to you. First they give you a few winning trades and when you have false sense of security or cocky, they will BEAT YOU and make tons of money from you. Keep that mind and always trade according to your plan.
The FKLI main theme for this week: if prices can stay below 1,770 and price action also forming lower lows & lower highs, I believe FKLI likely resume downtrend. First downtrend target is 1,750 while second downtrend target is 1,730. Risk management will be the 1,770 zone and any candles above it will negate my downtrend analysis.
 
Once prices above 1,770. I will use my TLSC & MTF method to start looking for buy opportunities with targets at 1,800 and 1,820. Risk management will be the 1,770 zone.

FCPO

If you remembered my last week’s video analysis, I was short biased. FCPO did drop to a low of 2,568, but this drop is only for 1 day, before it went back up and triggered our risk management zone 2,630. We had a small loss on this sell trade. Good thing is that FCPO later triggered our uptrend analysis and we managed to recoup our losses from our previous trades. I can recoup my losses easily because I always follow my stop loss plan. I just feel there is a valuable lesson which we can learn from this and I want to use this example again to emphasize that all trades are random. If your previous trade is a loser, it does not mean your next trade is a winner. On the other hand, previous trade was a winner does not mean your next trade will be a loser. What you have to do is to have a trading plan, so as long as your trading plan has an edge, you will be profitable in the long run.
Now lets check out FCPO for the latest trading opportunities. Based on price action, it tells us that FCPO likely to resume its uptrend next week, this is because 1) FCPO is forming higher lows and higher highs, 2) price is also above 2,650. As a result I am bullish biased, with my uptrend targets at 2,700 and 2,750. Risk management is 2,650, any candles below it will negate my uptrend analysis.
Of cos, I could be wrong and if prices start to forming lower highs and lower lows & below 2,650, i will  my TLSC & MTF method to start looking for short selling opportunities. First downtrend target is 2,568 while second downtrend target is 2,507. However, for the time being I am still bullish biased.

FKLI, FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

15 Aug, 9.30am, RBA (Australia) Meeting Minutes. Expect some price volatility for AUD currency pairs. Take good care of your trades.

16 Aug, 10.30pm, Weekly Crude Oil Inventories. Expect some price volatility for WTI Crude Oil. Take good care of your trades.

17 Aug, 2am, FOMC meeting minutes. Expect some price volatility for US indexes & US currency pairs. Take good care of your trades.

18 Aug, 8.30pm, Core CPI (Canada) Previous month data was 0.1% rate. Expect price volatility for CAD currency pairs. Take good care of your trades.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI & FCPO Outlook: 7 to 11 Aug 2017

FKLI & FCPO Weekly Outlook:

 

FKLI

This is the FKLI daily chart. Continuing where we left off in last week’s video analysis, I mentioned 1) FKLI formed a bear trap, 2) EMA8-13 must form a golden cross and 3) prices need to stay above 1,765 in order for FKLI to start an uptrend. FKLI last week did have these 3 clues and eventually went up to a weekly high of 1,774. 
 
Currently market is trading around 1776-1777 zone. Based on the available information: EMA8-13 golden cross and prices above 1,770, I believe FKLI will start to trend higher. First uptrend target will be 1,782 while second uptrend target is 1,800. Risk management will be the 1,770.
 

On the other hand, if prices breaks below 1,770 and ema8-13 deadly cross, the index could drop to first target of 1,750, second target at 1,730. Risk management will be 1,770 zone.

 

FCPO

 

FCPO did not went up last week and instead triggered our alternative short selling plan discussed in our last week’s analysis. We had a good trade when the market triggered it.

Going forward, I believe FCPO likely to trend lower, if prices stays below the 2,630 zone. Thus we will use this 2,630 as the line in the sand for our downtrend analysis. If prices below 2,630, FCPO likely to trend towards 2,600, with 2,540 as the next downtrend targets.

Alternatively, FCPO will start an uptrend if prices can stay above 2,630, I believe FCPO will resume its uptrend. First uptrend target will be 2,700 while second uptrend target will be 2750. Risk management is peg at 2,630.

 

FKLI, FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

9 Aug, 10.30pm, Weekly Crude Oil Inventories. Expect some price volatility for WTI Crude Oil. Take good care of your trades.

10 Aug, 7pm, RBNZ (New Zealand) Interest Rate Decision. Market is forecasting a 1.75% rate. Expect price volatility for NZD currency pairs. Take good care of your trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!