Review

Last week FKLI was quite sideways trading no more than 16 pts zone. In this market condition, PATIENCE IS KEY TO DIFFERENTIATE between amateur trader and professional trader.  A good trader know when he/she need to sit on his hand, when is time for him/ her to take action. 

FCPO last week was at bottom and shows an obvious reversal signal in TLSC & MTF. 

Alright! Let’s continue this week trade ideas.

*This week I having some issues with video recording software, so this week I will not record video for weekly analysis*

FKLI

On a weekly prices posted a 5 point losses. In between prices went as low as 1,788 and as high as 1,804. Based on the day chart we are seeing so far, here is how we are going to plan our trades. We we will look for buying opportunities if prices can remain above 1,800. This is because if prices above this level, it means buyers are still strong and there is a possibility of an uptrend. We then can use the TLSC or MTF method covered in the Intensive Futures Program to time our entries. Once the market triggered an uptrend potential, these are the resistance zone we have to keep an eye on. The first uptrend target will the be 1,810 structure. It had capped a few advances in August and September. The second uptrend target will be the end of August structure high of 1,828. For risk management, stops can be considered at 1,786. This is because a close below this will negate our uptrend analysis. Hence traders can use this area for stop placement. 

Besides that, a close below 1,786 would expose FKLI to further downside momentum. Therefore we can also look for selling opportunity to trade in line with this potential downside momentum. First downtrend target will be the 1,762 zone while second downtrend target will be 1,742. For risk management, stops can be placed at 1791 and above. A close above this level will negate this downtrend analysis. 

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FCPO

FCPO failed to break 2140 important support level last week.This tells us that sellers are weakening of this market. In the middle of last week, FCPO also triggered our TLSC BUY signal and we had updated our pro member area of the BUY trade setup, together with cut loss and specific target levels.

Going forward, we will be on the Buy side as long as prices can break above 2,200. Uptrend targets will be 2,220 and 2,240. For risk management, stops can be placed at 2,140 and above. A close above this level will expose FCPO to a strong downtrend.

In addition, a close below 2,140 will also turn our attention to look for Selling opportunities. This is because a close below this line tells us Sellers are back in control of FCPO. We can use the TLSC or MTF method taught in the Intensive Futures Program to time our entry for a better risk to reward ratio. Shall this uptrend scenario materialized, we can aim for targets at 2,120 and 2,140. To limit our potential losses, stops can be placed at 2176. This is because a close above it will expose FCPO to buying pressure or get stuck in sideways.

Alright, that wraps up this week’s analysis. Feel free to check out how the Intensive Futures Program can help you find high probability setups . Trade well my friends.

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