Category Archive Weekly Futures Market Outlook

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 12 to 15 Feb 2018

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

The US markets last week just had a massive selloff. At one point, investors were in panic mode as the Dow Jones fell more than 10% from the latest highs. While this is happening, we shared a simple reminder at this facebook post, reminding traders to be objective. The markets then had a strong recovery on Friday night that left the Dow 1.38% higher on the day. That being said, this recent selloff has wiped out all this year’s gains. This massive selloff provided a valuable lesson for us.

As traders, price is all we need to know. Don’t get confused by all the news or hype…PRICE is all you need to know. 

As you can see from the chart, the Dow is still well supported by EMA 200. This mean Dow Jones have not enter Bearish territory yet…

Remember what I’m always said?!…

Simplify your chart, PRICE is all you need to know. Filter out all the noise, then you can objectively found important clues to the next potential trend. 

Let’s check out the sizzling hot BITCOIN.

As discussed my Facebook post last week, BITCOIN triggered an uptrend signal around $7,200 zone, based on this bat formation. We could potentially see the market move up and retest 1st target $ 11,000 resistance zone and 2nd target will be $13,000. 

Keep in mind, cypto-currencies are speculative commodities, things for you to bet for uptrend or downtrend; there are not currencies nor valuable assets.

Therefore it is extremely important that you must know where to cut loss and your manage risks. If BITCOIN breaks $5,600 zone will negate my uptrend analysis, which means it will back to bearish territory.

FKLI

Last week our FKLI followed US market foot steps, had a massive panic selloff too. However, it is still too early to say FKLI has entered into a long term bearish mode. This is because FKLI still remains above EMA 200 and had successfully recovered and broke above 1,800 last friday, an important physiological level. If prices can stay above 1,810, we could see the market rebounded towards the first target of 1,830. Shall the buyers remained strong and defeated the sellers at 1,830, we anticipate FKLI likely to rally towards the previous market structure high of 1,872. Risk management 1,800, a close below it will negate our uptrend analysis. 

Another alternate scenario is that the sellers bring the index below 1,800. This could spark a further selloff in the market and as traders we want to be flexible and go short to profit of this potential downtrend. Downtrend targets are 1,771 and 1,741 respectively. Risk management for this trade is 1,810, that will be our cue to cut shall FKLI ventures past this 1,810 zone.

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FCPO

Last week, FCPO whipsawed but with slight upward momentum. This is because on Friday the market managed to closed above the all important 2,500 ZONE. Hence, here is how we are going to plan our trades. Shall prices remain above 2,500, I believe FCPO is likely to resume its uptrend momentum towards the nearest structure of 2,526. If the buyers can take out the sellers here, then we could see a retest of 2,557. If buyers are still strong, we can even see FCPO rallied towards the 2018 high, which is a confluence of EMA200 and structure of 2,628. Risk management for this trade is the all important 2,500 zone.

However, shall FCPO closed below 2,500 instead, our uptrend analysis is negated and consequently we want to be on the sell side. Downtrend targets are 2,445 and 2,420, which is 2017 lows. Risk management is 2,500 zone. Any price that closed above it will negate our downtrend analysis.

 

Alright, that wraps up our weekly analysis.

Before we end, I would like to wish everyone happy holidays and every chinese a happy, healthy & prosperous chinese new year! All the best and I will see you again soon.  

 

 

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.


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David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 5 Feb to 9 Feb 2018

 

FKLI

Last week FKLI trading in range, hovering around 1860 zone. This morning FKLI gap down – 13 pts due to DOW tank down -2.54% , -665 pts on Friday night. Taking into account of this recent price action, here is how we are going to plan our trades. 

We will look for buying opportunities as long as prices above 1,860. First uptrend target 1,873 and second uptrend target is 1,886. Stops can be place anyway below 1,860. 

In contrasts, a valid sell signal appear if daily prices can close below 1,845 (which coincidentally confluence with the EMA13 day support). Downtrend targets are 1,821. Any price that closed above 1,860 will negate the downtrend analysis. 

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FCPO

FCPO generally experienced a downtrend last week as prices unable to break past the 2,625 handle. Consequently the market dropped and closed at 2,469. Going forward, FCPO will only start an uptrend if prices stay above 2,500. First uptrend target will be 2,526 while second uptrend target is 2,558. Stops can be placed anywhere below 2,500. 

On the other hand, FCPO will resume its downtrend as long as prices can break 2440. 

 

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.

 

[To Received more details daily trade ideas click here]

 

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.

 

 

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 29 Jan to 2 Feb 2018

FKLI & FCPO Weekly Outlook Youtube:

 

 

FKLI & FCPO Weekly Outlook Text:

Hello fellow traders, my name is David Lee and welcome to this week’s futures market outlook. Let us check out what the markets had in store for us this week.

FKLI

 

If you remembered last week’s analysis and video, we mentioned that FKLI will have a strong uptrend if prices can break above 1,835. And the market did turn out and broke this 1,835. Consequently we saw an influx of buyers and price hit our first uptrend target of 1,845 last Thursday before closing at 1,855.

So here is what we have in our plates for this week. Shall FKLI remain above 1,845, the buy scenario is still game on. We will look for buying opportunities to get on board this potential uptrend. Based on price action, I believe there will be a few potential resistance when we are riding this uptrend. First resistance is 1,860, if prices can break this level, we will then aiming for 1,873, a level not seen since April 2015. Risk management is 1,830, any price that closed below this level will negate our uptrend analysis. So traders can consider placing your stops below this level.

And when our uptrend analysis is negated and prices below 1,830 as well as price action form lower highs, we will short this market. Downtrend targets are 1,820 and 1,807. Risk management is 1,845. This means our downtrend analysis is negated when prices above 1,845.

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FCPO

Moving onto FCPO. The market had a bit of a relief rally as prices rebounded as high as 2,526. That was during the first 3 days of the week. Then sellers came into the market from the 2,526 level and pushed it lower. Taking into the account of this significant price action, here is roughly how we are going to plan our FCPO trades. We will be trading in-line with this potential downtrend as long as prices below 2,500. We could see prices either hit  2,450 support or even last year’s low of 2,418. Risk management is this 2,526 level. Why I choose this as my risk management level is bcos it’s related to my buying scenario.

Shall the buyers able to defeat the sellers here at 2,526, I believe the market will resume its uptrend. Uptrend targets then are 2,557 and 2,610. Risk management for this buy scenario is the 2,500 level. Any price action that dips below this will negate our uptrend analysis.

 

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 22 to 26 Jan 2018

FKLI & FCPO Weekly Outlook Youtube:

 

 

FKLI & FCPO Weekly Outlook Text:

 

FKLI

Up first is FKLI and the market had just experienced it’s second straight week of sideways. As you can notice the market neither made significant progress beyond the 1,820 support zone nor the 1,835 resistance zone. So it is a 15pt sideways range. If you are a sideways trader you certainly can trade this sideways market well. However for us trend followers who want to trade on the big potential uptrend or downtrend, here is what we can do.

The market will start an uptrend if it can break this 1,835 resistance zone. Also when FKLI above 1,835, there will be a confluence of uptrend with the EMA13. Once we get on board, we will be shooting for 1,845 target first, which was the previous market structure high before the recent retracement down. Shall the market then break past this 1,845 structure, we will have our eyes on 1,860 as second target. To protect our downside risks, we can use this 1,820 support level. So you can consider placing your stops starting from here onwards.

Alternatively, if FKLI instead broke past 1,820 support and dips below the EMA13, we have ourselves a selling opportunity. This is because you could see a clear structure break of this uptrend and the market is highly likely reversing to the downside. When it does reverse downwards, where are the potential targets we can aim for? Well there’s one at 1,810 and another one at 1,800, the psychological support. This downtrend analysis is negated when price broke above 1,835 zone.

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FCPO

Let us check out FCPO. The market had just experienced a second week of sell off and price closed at 2,441 last friday. Going forward, here is how we can plan for this market. The sell scenario is still game on when FCPO can break below 2,432. When this scenario happens, we will want to trade in-line with this downtrend with targets at 2,400 and 2,350. However if the market did not go down and instead break above 2,466, our downtrend analysis is negated. So stops can be placed from 2,466 and onwards.

On the other hand, FCPO may have a relief rally if buyers can bring price past this 2,466. Then uptrend targets for us to observe when we are holding our longs will be 2,500 and this 2,556 previous structure high. Risk management is 2,532.

 

 

 

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

FKLI & FCPO Trade Ideas 15 to 19 Jan 2018

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

Before I begin this week’s analysis, I would like to share a quote to you and it says: Do not judge a person by their successes, judge them by how many times they fell down and got back up again, again and again. This quote is applicable to our life in general because there be will ups and downs, happiness and sadness in our lives.

The same goes to our trading journey as well. Take this for example, there will be times that you will make consistently make money every month. Although this is what we all want but it does not necessary means we are successful traders. This is because losses are inevitable and unavoidable. In fact losses are part of trading, or in other words, cost of this trading business. It is how we handle our losses or costs that allow us to be successful. 

A trader is considered to be successful when he/she first and foremost is able to do the necessary when he/she suffered unusual losing streaks or drawdowns. What i mean is by do the necessary is to evaluate whether the trading plan in the long run can produce a positive edge or not. If the trading plan works and have a positive edge, then a trader need to evaluate whether he/she is the one that interferes with the trades and do not trade according to the plan. Naturally one of the first reasons why we suffer unusual losing streak is because we are not disciplined to trade according to our trading plan.

Besides that, losing streaks and drawdowns also build our character, depend on how you approach it. I would advise traders not to be extra aggressive and take even larger position just because you want to quickly recover from your losses. Or worst, try to give yourself excuses to make a trade. I remembered during my early years of trading I too try to find excuses  to trade my way out of a losing streak. But the end result was I lost even more money. I was at my lowest point of my trading career when my total drawdown was at 70%. I realized that enough is enough, I have to stick to my trading plan and wait for the market to trigger either a buy or sell. Then slowly and surely, I started to trade according to my trading plan, eventually I recovered from my drawdown and consequently build up my discipline and mental capital. With this discipline and strong mental capital, I was able to overcome many drawdowns, big or small, throughout my trading career so far. 

So in short, I encourage you, traders, not to judge your own trading performance by your success but by how disciplined, how rational you were when you suffer losses and how you do the necessary to recover from your drawdowns. If you approach these bad runs & drawdowns from a right point of view, you will earn a strong mental capital which I believe you helps you be a successful trader.

 

FKLI

After a very strong rally, FKLI remained somewhat range bound throughout last week. Now it is still too early to say to whether the market has ran out of momentum and will have a downtrend, because the market could possibly go up. Where the market go is anybody’s guess. As traders, what we can and should do is to prepare for potential trade setups. 

The first scenario is this: the sellers is considered be in control of the market when prices breaks below 1,823 zone and price action forming lower highs. Now because the market had experienced a strong rally, naturally there will be a lot of buyers converging at different price zones which acted as strong support, so when we short the market we have to be cautious. The nearest support we have to be aware of are 1,812 and 1,800. If prices unable to break past these support, we have to be prepared to get out. For risk management, we will use the 1,832 zone. Traders can place stops anywhere fro 1,832 because if price breaks above this zone, it will negate our uptrend analysis. 

That being said, the buy scenario is game on when prices able to stay above 1,832. Shall this scenario happen, we will want to trade in line with this potential uptrend. Uptrend targets will be 1,845, which was the previous structure high. Shall prices able to break this structure, the second target will be 1,860. Risk management will be 1,823, when the market trades below this line, chances are it could trigger a further sell off. So we can consider placing stops below 1,823 to limit our losses. 

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FCPO

 

Moving on to FCPO. The market had a sell off last week and closed at 2,545. So here is how we are going to approach this market. The sellers are still alive and kicking as long as prices are below 2,560. So then we will look for selling opportunities with targets at 2,527 and 2,487. For our stops we can place anywhere above 2,560 because if prices able to stay above this line, it means the buyers are coming back to the market and negate our downtrend analysis.  

And this leads us to the buy scenario, which is when price above 2,560. Shall this happen, we will turn bullish. Uptrend targets are the previous structure high of 2,612 and another structure above it of 2,642. We will draw a line in the sand and cut our losses shall prices dips below this 2,560 zone again.  

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 8 to 12 Jan 2018

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

What-sup everyone! My name is David Lee and welcome to my weekly futures market outlook. First of all I want to wish everyone a happy new year. Now this time of the year is very important to all traders. No matter whether you had a losing or winning 2017, this is an opportunity for you to RESTART and make important improvements to your trading, so on 31 Dec 2018, you will be satisfied on your progress. There are plenty of ways a trader can improve. To give you some ideas, here are some of the ideas.  

First. Have a rule based trading plan. By doing so, you can prevent yourself trading based on your emotions. You wont be trading based on….i think…i feel…i got a feeling that the market will…all these trading decisions that based on our feeling. Now all these emotions are subjective and cannot be quantify. Which in the end, you don’t know which “feeling” is a profitable strategy. 

So to start your 2018 on the right path, you should set a rule based trading plan. For example: if price breaks a resistance on a daily chart, you will long. Or if prices break a support on a daily chart, you will short. And it doesnt have to be support/resistance. if you like to use on the 15min bollinger bands, you can set a rule-based Bollinger band trading plan. The wisdom of rule-based trading plan is to TELL YOU whether rules that you chose its PROFITABLE or not. Based on my experience, my trading results started to improve once i have a rule based trading plan. 

Secondly, you need write record your trades into a trading journal. This helps you to know whether your trading plans works and where you can further improve it for bigger profits. 

Finally, you should also write down all the mistakes that you did 2017. Mistakes like: I should have followed my trading plan, I should not have a held my losing trade and I should have a cut loss plan. 

Now don’t be discouraged if you have a lot of mistakes. I remember when I first started trading almost a decade ago, I have dozens of mistakes. Based on my experience, trading is a journey and your 2018 trading year is to avoid all those mistakes. If you can’t, at least slowly eliminate your mistakes as you progress into 2018. You will see some progress in your trading results. I hope that by sharing these few tips you are able to see some improvements to your trading. Alright now we had covered that, lets move on with today’s analysis. 

FKLI

 

First up its FKLI and as usual we are going to consult the daily chart. As you can see, prices are trading well above the 13 days average. So that gives us the first clue. Can anyone guess it? … if you answer uptrend, yes you are correct. And if you had been listening since the start of the video, you know that we should be trading a rule-based trading plan. So for FKLI, we can set this rule, shall prices able to stay above the EMA13, we should be looking to trade in-line with this potential uptrend. You also can make your trading rules more robust and high quality by adding another filter, which price should stay above this 1,815 support. 

Shall these criterias are met, we could potentially see the market head towards the 1,835 target. The next target after that is 1,845. However, if market broke this support 1,815. Chances are the market likely to trend lower and negate our uptrend analysis. So for traders who are looking to long, you can consider placing your stops anyway starting from 1,815 onward. 

Alternatively, if prices this week trade below this 1,815, this means the sellers are in control of the market. As traders we dont want to be caught unaware and so we must prepare for that scenario, no matter how unlikely it is. Hence I will be looking to join the sellers when this situation happens. Downtrend targets is 1,800 and 1,790. I will then placing my stops anywhere above this 1,815 zone.

So that is how you can set a rule-based trading for FKLI. So throughout the whole week, I will just wait for the market to trigger either a buy or sell signal and that just helped me avoid gambling the market. 

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FCPO

 

There are 2 ways to trade the market, bcos a market will either go Uptrend, Sideways or Downtrend. So our rule-based trading will cover 2 scenarios: uptrend and downtrend. We will be bullish as long as prices above this 2,610 zone. For added certainty, the EMA13 can be used as a guideline as well. When prices do fulfill these criteria, chances are the buyers had taken over this market for the time being. Hence FCPO will be exposed to further upside towards the 2,648 level or even 2,684 level. However, this uptrend scenario is ruled out when prices break below this 2,580 support zone. So last call for traders to cut is when prices break below this support level as market is more likely to trend lower. 

Now, what about our rules to go hunting for short selling opportunities? I believe FCPO will have a clear downtrend if prices can break below this 2,580 level. Then this price action will expose FCPO towards the 2,540 support. If that levels failed to stop the sellers, we then could see the market plunge further down to this 2,500 level. Risk management is 2,610. This is because if FCPO somehow closed above this 2,610 zone, it means the downtrend momentum had ran out of steam and we don’t want to be caught with our pants down if the buyers decides to push the market higher. So traders can consider placing stops around these region.

 

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 21 to 24 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

Exclusively for you…

We had produced a 40 minute training video that helps you start your trading journey on a strong foundation. This trading video employs only the essentials trading techniques that other companies will charge you thousands for. All you got to do is click on THIS LINK. I hope you guys enjoy it.

 

FKLI & FCPO Weekly Outlook Text:

You might realize one fact: When the reality does not match with the expectation, traders QUIT! 

This is because of the misled information or advertisement that caused many new traders assumed that trading is an easy job. They thought that with just a few clicks, money will go in your bank account. When I first started trading futures, especially FKLI & FCPO, I too thought that it is an easy job. Here is my naive thinking in my newbie year : I only need to extract RM 200 from market everyday, a month we have around 21 biz days. RM 200 x 21 days = RM 4,200/month for gross profit (before deducted slippages, commission,etc).

And, with compound interests (that I learned in university), I can easily become a young millionaire soon!

WOW.. sounds good & easy!

However, I have been punished by the markets for my naive thinking. Market always find a way to humble me, taught me to be more disciplined, more open minded to any new knowledge, more wiser, more patience…

So, now I would call trading is a lifelong journey. It’s involves a tremendous amount of hard work & commitment. You got to be committed everyday to become the best you can be.

So without further ado, lets get started with FKLI & FCPO futures outlook.

FKLI

FKLI yesterday closed lower by 2pts from opening as prices closed at 1,713. Upon a second look of the chart, we noticed something important which others traders may overlook. For the past 3 trading days price is trading around the 1,719 and 1,711 zone. And you may noticed that on last thursday and on this week’s monday, price rebounded from 1,711 zone. In other words, this price level started attracting a few big bargain hunters and possibly smart money as well. Armed with this information, we will make a slight adjustment to our trading plan, with the goal to identify high probability trade setups.

Scenario 1. Shall prices able to sustain above 1,711 and then closed above 1,719, I believe FKLI will start to trend higher. Traders in our pro member areas can use the TLSC & MTF techniques to identify valid trade setups. First uptrend target will be 1,730. Shall buyers able to defeat the sellers, it will create extra room for FKLI to trend higher with the next target at 1,741. Risk management is pegged at 1,711. Any price below it will negate our uptrend analysis. 

Scenario 2. When prices closed below 1,711, its safe to say that the rally is not in play. We then have to look for selling opportunities. Downtrend targets will be 1,700 and 1,690. Risk management is 1,719. 

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FCPO

FCPO had a massive 50pt drop yesterday as the palm oil market closed at 2,630. With the latest price action in mind, there is our trading plan. Shall prices remain below 2,650, it highlights FCPO had plenty of momentum going downwards. Besides that prices are below the EMA 13, giving us another clue that the trend is downtrend. First new downtrend target is 2,600. Now this 2,600 zone is a very crucial support zone. Shall buyers unable to withstand the selling pressure, and price close below 2,600, it means the sellers are still in control of the market. It will expose FCPO to further selling pressure and could possibly head down towards the 2,540 zone. Risk management is 2,650. Any prices above it will negate our downtrend analysis. 

On the other hand, if price do manage to stay above 2,650, it could mean the downtrend momentum is temporary ran out of steam. In other words, the buying scenario is in play. For traders who want to look for buy opportunities, ideally will have to wait for a higher high and higher low and price above 2,650. First uptrend target will be 2,685. If buyers can defeat the sellers here, it will expose FCPO to further upside towards 2,736. Risk management is 2,650.  

Alright, that wraps up our weekly analysis. remember plan your trade and trade your plan. All the best in your trading this week and I see you again soon! 
 

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 6 to 10 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

Exclusively for you…

We had produced a 40 minute training video that helps you start your trading journey on a strong foundation. This trading video employs only the essentials trading techniques that other companies will charge you thousands for. All you got to do is click on THIS LINK. I hope you guys enjoy it.

FKLI & FCPO Weekly Outlook Text:

Today’s market outlook will be a bit different in terms of analysis because i received a few questions from traders telling me that they had a hard time trying to understand what the market is trying to tell them. And if you one of the many traders who are struggling, do not worry. We all been thru that in our trading journey. It’s part of learning. So today I am going to use a simple concept which hopefully can help you make sense and most important help you understand what the market is trying to tell you.

The financial market is a battleground. Every market, FKLI or FCPO or Forex, you go, you will see there are buyers and sellers in a constant battle, fighting to take control of the market. In one corner, you have the buyers. When buyers won the battle, they will conquer the area previously held by the sellers, and then they will continue moving upwards towards the next area or castle hold by the sellers. When the buyers defeated the sellers again, they will continue move upwards. Hence you will see that once a resistance is broken, prices will continue move upwards. However, if the buyers are exhausted or lack in numbers, this means prices do not have momentum to move upwards and soon the sellers will win the battle and push prices down to the next level held by the buyers.

In short, these process repeat every single time when the market opens. When you see the market as a battleground, you will have a much clearer picture.

 

FKLI

First up its FKLI. Price is currently trading above this support zone of 1,730. Which means the buyers are in control of the market and naturally they are likely to move up north to attack the next sellers area, which is 1,740. If the sellers in that level is defeated, the buyers will continue to take prices up to the next area of 1,753. There are a few more key areas and strongholds held by the sellers around 1,761 and 1,770. So if we expect FKLI to have a strong rally towards the end of the year, the buyers armies need to defeat these areas.

However if the sellers managed to stop the buyers at 1,730 and bring price below 1,730, this means the sellers are in control. And when this situation happens, we want to follow the sellers and find opportunities to short the market. Then we have to be aware of these support areas when we are holding our short positions. This is because there are still buyers hanging around this area. First support target is 1,717 and second support target is 1,700. Risk management will be 1,730. 
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FCPO

Lets check out FCPO and use the same buyer/seller army concept to plan ahead. Last traded price is currently at 2,804, just below the 2820 resistance/seller zone. This give us a critical information that the sellers just taken control of the market. Judging from price action, there is a high possibility that the sellers will try to take the market down towards either this 2,780 area or even this 2,737, if the buyers are weak. Risk management is 2,820 level.
 
However, there is another potential situation where the buyers could spring a surprise and defeat the sellers. Hence we as traders must be prepared for this scenario as well, like good generals. Shall this situation happen we will want to look for buying opportunities. Buyers could face potential roadblock at 2,850. If this can be destroyed, we could see the buyers thunder up right at the gates of this seller 2,900 zone. Risk management is 2,820 zone.
 
Alright, that wraps up our weekly analysis. I hope this simple buyer/seller army concept can easily help you make sense of the market. It had definitely helped me understand what the market is trying to tell me and I am sure it will help you the same. I highly encourage you to start looking the market this way. I wish you all the best in your trading this week and I will see you again soon. Trade well.
 

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!

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David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 30 Oct to 3 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

It’s been 1 week+ since I last posted my weekly outlook. This is because I took a time off from trading & business last week to reset my mind. In fact me and my wife took a short 1 week holiday to Iran. What I am trying to say is, trading is a long term business, it is like a marathon and we traders are like athletes. Think about this for a second, what will happen when an athlete trained and played too hard without taking a break? They will get tired, both mentally and physically. As a result, their performance slips and they also increase the risk of getting hurt. Trading can be a real grind, it requires you to be mentally strong from time to time. If you did not take some time off to recover, trading can really sap you and consequently you will burn out and trade impulsively and suffer unnecessary losses.

 

Taking trading breaks periodically can ensure you are trading at your best levels. I recommend you to try it. It may not be easy at first because you do not want to miss good trades. Same goes to me, sometimes I don’t want to miss opportunities. But the fact is the market will always be opened and you need some breaks to re energize and focus yourself. You must force yourself to step away and recover. I guarantee you the results will definitely worth it in the long run.

FKLI

 

First up its FKLI. Previously for the past few months, the market has been creating lower highs and lower lows. Consequently the market fell all the way to the the 1,730 structure. If you look towards the left, during April 2017, this 1,730 is a strong structure support, where buyers came and subsequently pushed FKLI up high. So this is how we are going to prepare for battle plan for FKLI this week. We will be looking for buying opportunities shall prices stay above 1,745 and price action forming higher highs and lows. For additional reference you can check out whether prices able to stay above the EMA 13. Shall these criterias are met, prices are likely to arrive to either 1,761 or 1,777. The reason why I picked these 2 targets because previously FKLI had obvious turnaround. So for the time being we will keep an eye on these 2 targets if we had a buy position. Risk management, where we determine whether our uptrend analysis is valid or not, is 1,730 zone.

 

 

And when prices do break below 1,730 zone, we refer to another plan to find short selling opportunities. Specifically, when prices below 1,730 and price action forming lower highs and lows. Downtrend targets will be 1,717 which previously an obvious turnaround where buyers step into the market with great numbers. So we have to be aware of that line. The second target is the psychological 1,700 zone. Our cut off point for this downtrend analysis is 1,745. 

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FCPO

 

This is the latest situation. We have FCPO forming higher highs and higher lows since start of October, so that tells us the main market trend is uptrend. Now that we have that big picture, we can formulate our battle plan. We will look for buying opportunities to trade in-line with the potential uptrend if prices continues to form higher highs and lows as well as price above 2,820. Uptrend targets will be the 2,850 and 2,900. The 2,900 was picked because it is a psychological level as well as previously sellers well resisted FCPO during February, March and September. Risk management will be the 2,820, any prices below this will negate our uptrend analysis.
 
So when prices do negate our uptrend analysis, we change our battle plan and adapt. Specifically, when prices below 2,820 and price action forming lower highs and lows, we will looking for selling opportunities. Downtrend targets that we have to be aware of when we hold our short positions will be 2,771 and 2,720, these 2 zones. This is because previously the buyers defeated the sellers and hence there strong buyers still active in these 2 areas. Risk management will be 2,820, which means any price action above this will negate our downtrend analysis.
 
Alright, that wraps up our weekly futures market outlook. Remember it is very important for us traders to take the time off. A small break from trading will help us recharge our energy so we can trade better and not just trade based on our bad emotions. These small breaks certainly helped me improve my trading performance over the years and I guarantee it will help you too.

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 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!