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FCPO thread (strategy based on papertrade, will be updated if fail):
FCPO July 21
1. Monitor bigger timeframe (daily):
Market structure uptrend.
Double bottom.
Break 52W high.
Anticipate to pullback.
FCPO July 21
1. Monitor bigger timeframe (daily):
Market structure uptrend.
Double bottom.
Break 52W high.
Anticipate to pullback.
2. Bigger TF (4 hours)
Still uptrend. Basically agree with daily TF.
Still uptrend. Basically agree with daily TF.
So, now we know the overall trend is uptrend. Buyer will dominate the market.
3. Change to smaller TF (1 hour)
Overall still uptrend.
Pullback become clearer
To be safe, just wait for buy signal (go long).
To take some risk, can short. Sell.
Overall still uptrend.
Pullback become clearer
To be safe, just wait for buy signal (go long).
To take some risk, can short. Sell.
4. TF 15 mins (smaller TF)
Clear pullback.
But don't sell here. Risky. Maybe rebound as the overall trend is uptrend.
Clear pullback.
But don't sell here. Risky. Maybe rebound as the overall trend is uptrend.
5. TF 5 mins. See? Rebound!
Buy je lah. Go long.
Haha. Ni tulis masa market tengah bukak, tu yang chart sedang bergerak.
Buy je lah. Go long.
Haha. Ni tulis masa market tengah bukak, tu yang chart sedang bergerak.
The End.
Save for future reference. FCPO.
Save for future reference. FCPO.
