Trade, Live and Thrive: 200 SMA

Showing posts with label 200 SMA. Show all posts

Monday, November 28, 2016

SGX Nifty - Ichimoku Weekly Study - Inside Week - Week 5 of November 2016.

Zoom into Chart (Click)

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Chikou Span bounces (exactly) off the Senoku Span A (extreme left).
Index also sees a bounce at the Monthly Support Line.
Monthly Support Line now between the Kumo top and the Weekly Close of the Index.

Chikou Span bounces off the Senoku Span A while the Index stays above the Monthly Support.

Looking Forward into this Week:

Bears want to keep the index below the Kijun Sen - now Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span and Price-line in spotlight - next target for a Bullish Deflection or Bearish Cross.

Wrap:
Bears look to continue this fall to reach the Kumo (Center) with a Bearish Chikou Span Cross.
Bulls look for more green off the Monthly Support - and a Chikou Span Deflection off the Price line next.

Monday, November 21, 2016

SGX Nifty - Ichimoku Weekly Study - Kumo Landing? - Week 4 of November 2016.

View chart at.. (Click)

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

With a Bearish Kijun Sen Cross, Index continues down, and its now almost at the Kumo.
Monthly resistance stands between the Kumo top and the Current Close.
Chikou Span stops exactly at the Senoku Span A (extreme left).

Wrap:
Index resisted by the Tenkan Sen, falls below the Kijun Sen and is at the Monthly Support.

Looking Forward into this Week:

Bears want to keep the index below the Kijun Sen - now Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Resistance - important for Bulls to re-conquer.
Chikou Span - Bearish Cross or Bullish Deflection with the Senoku Span A and or Priceline, next.

Wrap:
Bears look to continue this fall to reach the Kumo (Center).
Bulls look for green at the Monthly Support - and a Chikou Span Deflection.

Monday, November 14, 2016

SGX Nifty - Ichimoku Weekly Study - Support - Week 3 of November 2016.

View chart at.. (Click)

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study: (click here for the previous post)

Resisted by the Tenkan Sen (Weekly resistance) for 6 weeks, Index moves down, below support at the Kijun Sen.
Tenkan Sen was resistance zone again.
Chikou Span goes below the Senoku Span B. Now in the Kumo.

Wrap:
Index resisted by the Tenkan Sen (Weekly resistance) falls below the Kijun Sen and is just above the Monthly Support.

Looking Forward into this Week:

Bears want to keep the index below the Kijun Sen - Weekly resistance - and aim for the Kumo.
Kijun Sen is now Weekly Resistance - important for Bulls to conquer.
Chikou Span in the Kumo - Bearish Cross or Bullish Deflection with the Senoku Span A or Priceline (edit), next.

Wrap:
Bears look to continue this fall to below the Kumo (Cloud).
Bulls look for green at the Monthly Support - and a Chikou Span Deflection.

Monday, November 7, 2016

SGX Nifty - Ichimoku Weekly Study - Support - Week 2 of November 2016.

View above chart at.. (Click)

Introduction / Primer to Ichimoku can be read at this link (click).

Learning from the Earlier Study:

Resisted by the Tenkan Sen (Weekly resistance) for 5 weeks, Index moves down, towards support at the Kijun Sen (Weekly Support).
Tenkan Sen provides exact resistance last week.
Chikou Span aims for what could be support, at the Senoku Span B.

Wrap:
Index resisted by the Tenkan Sen (Weekly resistance) falls to the Kijun Sen (Weekly Support).

Looking Forward into this Week:

Bears want to keep the index below the Tenkan Sen - Weekly resistance - and aim for the Kumo.
Kijun Sen - Weekly Support - important for desperate Bulls.
Chikou Span almost at the Kumo - Bearish Cross or Bullish Deflection next.

Wrap:
Bears look to continue this fall to the Kumo (Cloud).
Bulls look for green at the Kijun Sen - Weekly Support - and a Chikou Span Deflection.

Tuesday, November 1, 2016

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Stand Off - Week 1 of November 2016.

Learning from last Week:  (click here for the previous post)

Patterns:
Index ranges between the neckline of a 'Head and Shoulder' Pattern and the daily 50MA #DaiyChart1 (Chart)

Support & Resistance:
Day Fork's middle Tyne and 50MA were resistances #DayChart1
Index gets support near the H&S neckline and Day Fork's bottom Tyne #DayChart1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13 only on the Month screen #MonthChart1.

Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.

Wrap:
Bears again defend the Daily 50MA, Bulls keep above the neckline of the H&S pattern #DayChart1.


Looking forward into this Week:

Patterns:
Head & Shoulder pattern is active on the Day chart (Study links here, here or elsewhere)
Resolution of range between the Day Fork and above the 50MA #DayChart1 determines success of above.

Support & Resistance:
Middle Tyne of the Fork on the Day chart is the first resistance #DayChart1. Neckline of the Head & Shoulder Pattern or Day Fork's Bottom Tyne are the first Supports (Link).

Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.

Indicators:
The MACD and its MA are below zero #DayChart2.

Wrap:
Bears look to break below the H&S neckline, while keeping below the Daily 50MA #DayChart1.
Bulls want to break the current down trend, by closing above 8808 after breaking above the 50MA #DayChart1.

Monday, October 24, 2016

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Neckline Hold - Week 4 of October 2016.

Learning from last Week: (click here for the previous post)

Patterns:
Index closes the week above the neckline of a 'Head and Shoulder' Pattern #DaiyChart1 Link (Click)

Support & Resistance:
New Day Fork's middle Tyne and 50MA were resistances #DayChart1
Index gets support at the H&S neckline and Day Fork's bottom Tyne #DayChart1.

Moving Averages:
The critical EMA 5, is bearishly below the MA 13 only on the weekly screen #WeekChart1.

Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.

Wrap:
Bears defend the Daily 50MA, Bulls keep above the neckline of the H&S pattern #DayChart1.

Looking forward into this Week:

Patterns:
Head & Shoulder pattern is active on the Day chart (Study links here, here or elsewhere) Bears pray the Index crashes below the Day Fork #DayChart1.

Support & Resistance:
Middle Tyne of the Fork on the Day chart is the first resistance #DayChart1. Neckline of the Head & Shoulder Pattern or Day Fork's Bottom Tyne are the first Supports (Link).

Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.

Indicators:
The MACD is above its MA and its histogram is above zero #DayChart2.

Wrap:
Bears look to break below the H&S neckline, while keeping below the Daily 50MA #DayChart1.
Bulls want to break the current down trend, by closing above 8808 #DayChart1.

Monday, October 17, 2016

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - H&S Neckline - Week 3 of October 2016.

Learning from last Week: (click here for the previous post)

Patterns:
Index closes the week on the neckline of a 'Head and Shoulder' Pattern #DaiyChart1 Link(Click)

Support & Resistance:
Day Fork's middle Tyne and 13MA were resistances #DayChart1
Index closes below the 50 MA and Day Fork's bottom Tyne #DayChart1.

Moving Averages:
The critical EMA 5, bearishly below the MA 13 on all except month screen #MonthChart1.

Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.

Wrap:
Bears close below the Day Fork, Bulls close above the neckline of the H&S pattern #DayChart1.

Looking forward into this Week:

Patterns:
Head & Shoulder pattern is active on the Day chart (Study links here, here or elsewhere) Bears need the Index crashing below the neckline #DayChart1.

Support & Resistance:
Bottom Tyne of the Fork on the Day chart is the first resistance #DayChart1. Neckline of the Head & Shoulder Pattern is the first Support (Link).

Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.

Indicators:
The MACD and its histogram, are below zero #DayChart2.

Wrap:
Bears look to break the H&S neckline and get below last week's low 8541 #DayChart1.
Bulls want to break the current down trend, by getting above 8808 #DayChart1.

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Welcome Read

The Trading methods used here are suitable for those who (like me) are always Learners in the World Market (never presuming Mastery).

One learns with 'Technical Analysis' using Moving Averages, Channels, Time frames, Pattern & Candlestick Analysis, Fibonacci, Ichimoku Cloud, Oscillators & other Technical Indicators.

To comprehend the Dynamics of any Market, Peer Wisdom suggests, that we show plenty of Patience, keep it real Simple and adopt tons of Discipline.

We therefore use the same framework 'Patiently' every week - 'Simple' Technical Analysis Tools are repeated - The 'Discipline' of keeping a Neutral view is maintained.

So welcome to my notes - posted here for my Friends and Family.

Some Quotes..

There are times when playing the stock market that your money should be inactive - waiting on the sidelines in cash - waiting to come into play. In the stockmarket - time is not money - time is time and money is money. Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience. Patience is the key to success not speed.

Jesse Livermore.

That's been one of my mantras - focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.

Steve Jobs.

Discipline is the bridge between goals and accomplishment.

Jim Rohn.

Favorite Quote

"Why do we trade?

To be sure, trading allows us independence, the opportunity to work for ourselves. Trading also offers the prospects of a lifestyle in which evenings and weekends need not be consumed by work. Some of us crave the competitive aspect of trading, doing fresh battle each day. Others approach trading as a puzzle to be solved, deriving a sense of intellectual achievement. Finally, there is income. A successful trader can make seven figures in a year—and many of the traders I work with are living proof of that.

So why do they trade? Once you have the money, all of trading’s lifestyle advantages could easily be yours. Needs for competition and intellectual stimulation could be met in so many other ways. Why do traders remain traders long after they’ve won the game?

The great professions are those that serve as personal playing fields. They are the arenas we choose to express and develop ourselves. In mastering a discipline, we cultivate self-mastery. In writing a poem or placing a large trade, we capture—in a single act—our vision of how we see the world at that moment.

The great occupations are great precisely because they are such meaningful playing fields. Long after we’ve earned fame and fortune, the calling remains to be more than we are, to return to the arena and do battle with our limitations. The profound urge to extend the human grasp is common to all the great callings. To run faster, to capture more beauty, to predict ever better: in no small measure, our work is our pursuit of the godlike, however fleeting.

Maybe it is our different images of the godlike that animate our career choices.In work we find something divine within ourselves. Whether as scientists, monks, or traders, we strive for those moments when we are just a little closer to perfection, a little nearer to immortality. That is why we trade"

.... Brett N. Steenbarger

Inspiration

The Parable of Talents...

14 For the kingdom of heaven is as a man travelling into a far country, who called his own servants, and delivered unto them his goods. 15 And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. 16 Then he that had received the five talents went and traded with the same, and made them other five talents. 17 And likewise he that had received two, he also gained other two. 18 But he that had received one went and digged in the earth, and hid his lord's money. 19 After a long time the lord of those servants cometh, and reckoneth with them. 20 And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more. 21 His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. 22 He also that had received two talents came and said, Lord, thou deliveredst unto me two talents: behold, I have gained two other talents beside them. 23 His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. 24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed: 25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine. 26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed: 27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury. 28 Take therefore the talent from him, and give it unto him which hath ten talents. 29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. 30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.

The Holy Bible: Matthew - Chapter 25.