Trade, Live and Thrive

Monday, May 15, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Three time ATH - Week 3 of May 2017.

Zoom into chart .. Click

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

Index keeps above Support at the Tenkan Sen (Blue) as marked above.

The All Time High is resistance again.

Wrap:
Bears hold the index, keeping it a Double Top.

Looking forward into this Week:

Bears need to hold the Double Top to get back in the game.

Bulls keep the pressure on, pushing for Higher Highs, to beat the Double Top.

Index Support and Resistance possibilities are marked as above.

Wrap:
Bulls look to crack the Double Top, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum after the red week, defending the current top.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - High @ 113% - Week 3 of May 2017.

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)

Index Hangs around under the Fibonacci 113% of the Last major 'High Low'
Chikou Span (White) stays, way above the Price line (extreme left) - but dips.

Wrap:
Index makes a Hangman candle. Bears hold the 113% Fibo as marked.

Looking Forward into this Week:

Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.

Wrap:
Hope Filled Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend along, all the way to the 162% Fibonacci retrace..

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - 'All Time High' @ 113% - Week 3 of May 2017.

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)

Bulls continue to make new All time Highs (ATH) now at Fibonacci 113% of the last major Range.
Chikou Span (white) points up (see extreme left).
The Tenkan Sen (blue) was Support, which Index launched itself from, to this new high.

Wrap:
Bulls make another 'All Time High', just below the Fibo 113%.

Looking Forward into this Week:

Bears hope that the resistance at current ATH, can result in some downside.
Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
Bear wish list, sees life below the Tenkan Sen, and a crash to sub 7070 levels.

Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above support at the Tenkan Sen (blue line) and aim for 9600+.
Bears, hope to get the index below the Kijun Sen (red line) and aim for sub 7070 levels.

Saturday, May 13, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Bounce - Week 3 of May 2017.

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)

Index bounces from Kijun Sen (Monthly) and Kumo support (Center).

Senoku Span A&B head for a Meeting (extreme Right)

Chikou Span (white) stays above the price line (extreme left).

Wrap:

Index bounces from the Kumo & Kijun Sen (Monthly) to the Kijun Sen (Weekly).

Looking Forward into this Week:

Chikou Span can slide down, above the Price line for some more.

Bearish cross/Bullish deflection of the a) Kijun Sen (red) & Tenkan Sen (blue), b) Senoku Span A&B, is on.
Index now on Lower High, Lower Low mode and where it goes from here becomes critical for Bulls.

Wrap:

Bulls after bouncing at the Kumo, look for a Higher High.

Bears seek to press their advantage and keep the 'Lower Low - Lower High', going with the invasion of the Kumo.

Wednesday, May 10, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Double Top? - Week 2 of May 2017.

Zoom into chart .. Click

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

Index keeps above Support at the Tenkan Sen (Blue) as marked above.

The Old Top is resistance currently.

Wrap:
Bears hold the index, keeping it a Double Top.

Looking forward into this Week:

Bears need to hold the Double Top to get back in the game.

Bulls seek Higher Highs, to beat the Double Top.

Index Support and Resistance possibilities are marked as above.

Wrap:
Bulls look to crack the Double Top, staying above current support at the Tenkan Sen (blue line).
Bears hope to restart the downward momentum, defending the current top.

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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.