8/3/2013 ; BUY back 2nd lot at 2445.

I initiated a BUY back for the 2nd lot as it broke above the Pennant at the afternoon session near the closing. TOTAL lots; 2 BUYS.

SELL 2nd lot to take profit

I sell initiated  a sell for the 2nd (2397) lot to realized a profit of 37 pts . It is a bearish signal.

7/3/2013 ; LIMITED DOWNSIDE POTENTIAL - ANOTHER BUY AT 2397

I decided to add another lot  to buy at 2397 at the afternoon opening . It has a limited downside potential when  in the bullish flag. Now total 2 lots.

4/4/2013; FCPO - 2367- END OF CORRECTION? BUY AT 2369.

FCPO ended the week at the low of 2367 after charting a high of  2585 on the 25/2/2013.It broke down since from the bearish flag and plunged down to form a falling wedge in which it gave up more than 200 points to close 2367 Friday. I suspect it to rebound since it broke up the wedge Friday 2nd session. I decided to buy the closing at 2369. From now onwards I will try to record my trades in this blog. 

9/2/2013 - FCPO - 2560; BULLISH STILL.

This week FCPO ended the week at 3560 after recorded a new higher high last week of 2593 and a higher low of 2529. It now formed a 'descending triangle' above at the end of the 'rising flag'. This indicate that even after a week of consolidation, it's still very 'strong' indeed as it ended above the moving averages.Is this the start of a SUPERBULL run? If it breakout above the triangle it's BULLISH and if breakdown below the triangle its' BEARISH.   

3/1/2013 ; FCPO - 2475 ; BULLISH STILL.

Fcpo bullishness still intact since it's still within the 'rising wedge' since the last 2 weeks. From a low of 2217 on the 13/12/2012, it has risen to a high of 2524 yesterday recorded a higher lows and higher highs. Fundamentals are positive due to rising soyoil prices and also bad weather conditions will hamper palm oil production. Bullish if price within wedge or break up. Bearish if break down.

23/12/2012 ; FCPO 60 min chart ; 2409 ; BULLISH. This week ended up 100 pts after opening gap-up also 100 pts ( coincidence?) Monday, then consolidated mid-week but recorded a higher high and a higher low. Ended the week with a positive note forming a 'rising wedge' chart-pattern after making a 'reversal divergence' earlier. BULLISH as long price is within the wedge. BEARISH if breaks downwards.