Futures trading cimb

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Expand your trading portfolio to foreign market, ranging from HKFE, CBOT, NYSE, NYBOT. Trade Malaysia Futures contract with full confidence with real time data stream online, no re-quotes, no delay anywhere. Call today!! Soy Oil Traded 0. I manage to take some breather yesterday when trade made some partial gain on the evening session. Trade was a Long setup at 2, level and this position cannot hold overnight due to price is below 21 days-EMA on daily chart.

Fortunately traded manage to exit at 2, level right at that time, it was 20 points gains. This is after I had 4 losing streak in a row, since last two weeks. I think the gradual increase in palm oil production would curb palm oil price to recover for the time being. Of course that was the expectation on the fundamental side, but how market would re-act to it is a different story.

If you look at the price action, the positive closed on yesterday daily candle suggest that there is abundant of upside today if the market open higher. If you still recall the chart pattern on daily chart that I mentioned for the last two days, I didn't expect the retracement move from 2 to 3 would complete so soon. As you can see, the 3 move of the chart pattern is complete if the May contract manage to breach above 2, level.

If you are a conservative trader or a trend trader for a chart pattern, a standard drill to enter Long position will be at the break of previous high, which is at 2, level.

The risk reward for this trade setup would be at least 1: That is how a 1: For today, palm oil futures is likely open lower due to overnight soy oil weakness. The soy oil for May contract went down about 0. Information and opinions contained in this report are for educational purposes only. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness.

I could not really grasp that set of skill yet till today, probably I rely much on the mechanical system to decide what is my next course of action. What is coming next on menu would likely be the tendency of Feds raising rates. With that in mind, Ringgit is likely taking more hits and weaken further. Traders are likely Bullish if Ringgit deppreaciate further and paving more possibilities for further price recovery.

Of course it is not a science or a certainty that price will go up due to Ringgit weakness, but very likely. Trade hit full SL when that Short setup eventually have to deal with price rally in the afternoon session.

A few while after tradeI had a Long setup for trade which is to Buy at 2, level. Fast forward to 5. I have been using this strategy since late Oct last year and will be doing some review once it hit six months. I have done some tweaking within these period so that this strategy can cope with ever changing market volatility. Still, I believe there is much things I can do to make this strategy better. Finding the right risk management rules or sweet spot for money management is an never ending quest, but I believe we will all learn something valuable along the process.

Recent export figure is something we need to look at, Palm oil shipments from Malaysia, the world's second-largest palm oil producer after Indonesia, fell between 12 percent and For today, palm oil futures is likely open higher amid soy oil overnight recovery.

The soy oil for May contract was traded 0. Palm oil futures roller coaster ride continues to roll on last Friday. The May contact manage to hit weekly low and went to day high at the end of the session. This will be the third time that market make such price action, it tumbled to the low and recover in the afternoon session to end at the day high.

I can tell that the market is trying to rebound, at least for the time being. It was too unfortunate that these kind of price action can result in very bad performance for trend trader because the price would turn around after I have enter a position. The edges position is mostly entered at the tip of a new high or new low, imagine if the price just reverse or there is no follow buying interest on the high for instances, that Long setup will likely hit stop losses.

I guess there will be time for the market to trend and there will be a time where market just swing wildly. Trade meets its SL points when the May contract choose to retrace 30 minutes before the market close for morning session.

Trade filled on the opening at afternoon session, taking higher Short position, I was just one point away from SL when the May contract touches 2, level. I got lucky and the May contract price did came down for me to take partial profit at 18 points. The next Long setup was ignore as the signal only valid at 5. I did feel wasted because the May contract did moved about 12 points higher at that evening session.

Palm oil price outlook remain Bearish for the time being as there is no strong signage that the price action is turning to Bullish from hourly chart. All I can see for the time being is higher closing value in the closing session for the past 3 sessions, and market just open lower the next day.

Palm oil production spike concern will stay as the main headlines for the price to stay Bearish in the medium term. For today, palm oil futures is likely open unchanged due as there is not much movement in soy oil price.

A bullish Harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body.

The bullish Harami is a downtrend or bearish candlestick red engulfing a how are stock options reported to the irs bullish candlestick greengiving a sign of a reversal of the downward trend.

Since the bullish Full service stock broker vs discount broker indicates the bearish trend may be reversing, it may be a good consideration to go Long if the market recover higher than the high of the previous session.

But unfortunately, the May contract never go above 2, level yesterday, it headed downwards most of the time instead. Although the previous Wednesday daily candle looks alike Hammer, the body and the top of the candle appears to be within previous Tuesday range, so it is more likely to identified as a Bullish Harami. Candlestick only provides us a guideline how to the market would probably re-act,it is not certain that the next price direction would follow the chart pattern identically even after all the chart criteria matched.

I believe that the market is trying to rebound from here when it recover mostly from a new low, but that is just my gut feel. Price action for the May contract has been very nasty for the past two days, taking out my Short stop loss and then go back to my initial take profit area. It is a stormy weather to my equity right now, but I still have faith that this stormy weather will pass and I will get thru it. Trade Short setup at best company to buy timeshares, ended with a 16 points stop loss when the market just open low and surge all the way to 2, level.

To my horror, that May contract went down to 2, level after I have been stopped out. I guess most of you would know how does it feel after having the market stopped you out and move in favor after that. I do not see significant candle formation on daily today, it is safe to say we are likely having another Bearish session due to soy oil weakness.

The soy oil for March contract is traded 0. Palm oil futures daily candle is showing a sign of rebound soon, it has formed a candle called "Hammer". The Hammer is a bullish reversal pattern that forms after a decline. After a decline, hammers how does spca make money signal a bullish revival.

The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note. While this may seem enough to act on, hammers require further bullish confirmation. The low of the hammer shows that plenty of sellers remain. Hammer candles are similar to selling climaxes, and futures trading cimb volume can serve to reinforce the validity of the reversal.

Vol for the May contract surge to 42, lots yesterday compare to 34, lots on previous Tuesday. Trade has to hit break even stop loss when the market recover from a 19 points favorable move. I had to move the SL to break even points as it was part of the risk management regime and sometime the trade does went back to its potential take profit points after the SL level has been done.

I guess you cannot win all the time when it comes to managing risk. Now, I am not saying anything about the certainty of market rebounding today as soy oil is still trading slightly lower this morning, but the single hammer formation on daily chart is something worth looking at. For today, palm oil futures is likely open slightly lower on soy sbi life insurance stock market weakness.

The soy oil for March contract was traded 0. Palm oil futures Support level for the benchmark month is now officially broken, but not the end of the world yet. Palm oil futures for May contract took the extra miles down on previous Friday when it earn earnonline1.us make money money online below 2, on the afternoon session, signaling more weakness along with soy oil price retracement.

I believe traders are spook with the futures trading cimb active production cycle coming this 2nd quarter, plus Indonesia palm oil planting is starting to return to normal cycle. Market fear that the low stockpiles number would not be able to hold its ground that long and will start to increase starting April month.

For more pressing correlation, I believe that this weak soy oil weakness has most thing to do with palm oil price correction. Just look at how swift the soy oil for March contract fell from Trade Short 2, is holding overnight align with risk management rules.

I hope that the bank of ireland uk foreign exchange rates oil will keep its ground below If the May contract price open above 2, it will close off immediately as right now trade stops is at break even point after the market has moved more than 15 points last Friday.

For today, palm oil futures is likely open unchanged as soy oil did not move much from its last Friday closed.

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Soy oil for March contract was traded 0. Palm oil futures had a small recovery going on currently as there was no surprise correction happen on soy oil during Asia trading session.

Market volume for Apr contract seems quite active with 17k contract traded while more and more traders are shifting their positions to May contract gradually. The May contract recorded about 14k contracts traded, that was just 3k contracts behind the Apr contract. The 3rd palm oil futures months will be May contract today, taking on the helm of active benchmark month. Maybe le meilleur forex en ligne of you did not notice on the spread for March April has widen about points!!

It was huge backwardation if you look at it. Usually an unusual price hike caused by un-expected weather changed such as extreme El-Nino last has forced near month price to rise faster and higher than the forward months price. I had no trade setup so far after trade had met its doom on previous Tuesday, but I am not sitting there like a duck either.

I have a new idea to incorporate some other oscillator so that there is other signal or trade setup in-line with the trend while waiting for the next position. I have tested a few indicators and it seems by combining Parabolic SAR, it yield better results. I still have a lot of data to go thru and back testing before I can conclude anything. Palm oil export for th Feb vs Jan only rose about 1. The rally we seen starting from previous Tuesday is not as strong as how it came down previously.

This would also mean, the Buyers are still cautious overall. For today, palm oil futures is likely open lower on overnight soy oil retracement. The soy oil for March was traded 0. If trading is easy as advertise or if there is any results proven robot trading, most of the people in the world would have quit their job and just let that robot did all the work!!

Trade had to take some SL before the morning ends, it was a good call not to hold any position over the lunch. The Apr contract open 7 points lower from 3, to 3, and kept heading down to 3, before showing any sign to recover for the rest of afternoon session.

I think most of the traders felt market is oversold or too good not to go Long when Apr price fell down below 3, level.

Let us not forget that major support and resistance usually can be seen in the daily chart, is a strong pivot point for price to bounce up for Support and price to retrace down if it is a major resistance level. Do note that on yesterday, the Apr contract somehow dip to 3, level before it could recover all the way to 3, in the afternoon session.

Now, lets take another scenario where the price re-acted differently on the Support area. Would my major Support area suggestion came out entirely wrong because price has went out of my boundaries? What matters here would be setting an expectation and have the courage to find out what would the price do next, and if you are better than anyone else, you get the chances of making money out of it.

For today, palm oil futures is likely open slightly lower due to soy oil weakness. I believe market is taking some negative cue from the production spike up in some report.

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The fear of palm oil output returning to normal cycle in Indonesia and recent palm oil export drop about 3. I did not get any chance to enter any trade as there is no Long trade setup. Palm oil futures is likely heading downwards for more times to come due to production spike fear.

Soy oil is still going to head down even further judging from its 7 weeks downtrend channel. You will find that the daily chart on soy oil lower high and recent lower low is just too obvious to ignore.

Meanwhile for palm oil chart, the Apr contract is relatively trading quite close to the Support area. Despite recent price action on the benchmark Apr, I still believe that this two days major price drop is just a temporary correction.

It is unlikely that price will turn into a downtrend that soon just because some traders feel that stockpiles will continue to build up due to recent palm oil output spike in the Southern region in Malaysia. Maybe we will be able to see the Apr contract continue to drop to around 3, area if the soy oil price continue to drop further but weak Ringgit is likely providing some Support if the price gone down too steep.

For today, palm oil futures is likely open slightly higher judging on yesterday oversold reading. Without any surprise, palm oil futures might even follow the same morning session pattern yesterday, where the price open higher and fell mostly on the afternoon session.

The Apr contract just dip from 3, level all the way to 3, level in the afternoon session, probably due to weak 1stth export number.

ITS cargo surveyor announce that palm oil export fell 3. Frankly, I do not see any bubble when the benchmark contract continue to head up in the morning session on previous Friday. This is because most of the MPOB report for palm oil still looks good. I guess the price dropped due to palm oil stocks still stood at 1.

Trade had to resume Long when the market open for 2nd session, ended up with SL right after that. Trade made it to partial TP about 20 points as I am not looking hold Short position overnight when the price is still above days EMA. Unfortunately, Apr contract proof me wrong when the price keep going below 3, a few minutes after that.

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I must admit, the thrist of avoiding my profit vaporize is too great when I TP at 5. We learn something everyday in this battlefield, and I hope I can survive long enough for me to grind back the equity back to glory. For today, palm oil futures is likely open slightly higher due to previous Friday oversold reading. Soy oil for March is traded 0. Home About The Author About Bursa About Foreign Futures Getting Started Trading Personalities Trading Technologies Knowledge And Skills School Under Contruction 2 Under Contruction 3 Under Contruction 4 Under Construction 5 Market Mechanic Getting Serious Chart Pattern Account Management Foreign Futures FAQ Market Mechanics Market Terminology Contact Us.

You Ask For It, You Got It!! Bursa Gold Futures Is Now Available!!! Foreign Futures Is Available Expand your trading portfolio to foreign market, ranging from HKFE, CBOT, NYSE, NYBOT. Fully Online Trading Platform Trade Malaysia Futures contract with full confidence with real time data stream online, no re-quotes, no delay anywhere. Thursday, March 9, 9th March Market is still a mysterious place at least for my case, I yet to understand most of the price re-action to certain news and development.

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