Trade, Live and Thrive

Saturday, August 5, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Block - Week 2 of August 2017.

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

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

Senkou Span A and B, stay crossed Bearishly (right extreme). Index makes a High Wave,

Index blocked by the Kumo Top and the 61.8% Fibonacci as marked above (centre).

Chikou Span nears the resistance at the Price line (left) - deflects at Blue line.

Wrap:

Index blocked at the CRITICAL 61.8% Fibo. (centre). Senkou Span A & B in a bearish cross (right)

Looking Forward into this Week:

Chikou Span above the Price line is now the bull ask (left).

Clearing the 61.8% and heading to the 127% is the next Bull need.
Senkou Span A&B, Bearish 'cross', with Resistance at 61.8% and a High wave candle (indecision) helps Bears.

Wrap:

Bulls look to hold the large wave 'Higher Low' and make a Smaller wave 'Higher High'.

Bears seek a fall to the Kumo bottom, after the Bearish Senkou Span A and B cross (right) with resistance at 61.8% ($53) holding last week.

Monday, July 31, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Doji Days - Week 1 of August 2017.

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

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

Index makes a Doji (read indecision) above the 200% Fibonacci retrace of the July 2015 High to the February 2016 Low (Last major Hi-Lo).

Bulls kept it well above the Tenkan Sen (Support) last week.

Wrap:
Bulls undecided above the 200% Fibonacci, of the last Major Hi-Lo.

Looking forward into this Week:

Bulls now seek to reach the 213% Fibonacci retrace of the Last major Hi-Lo.

Index Support and Resistance possibilities, are marked above.

Wrap:
Bulls look to make new ATHs, staying above current support at the 200% Fibo retrace, of the above mentioned Hi-Lo.
Bears seek to take the index below the 200% Fibo retrace, and take the index below the Tenkan Sen using the current indecision.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Range Doji - Week 1 of August 2017.

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

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

Index makes a Doji and takes Support at the Kijun Sen (weekly - red), Still in the Range marked.
Senkou Span A & B converge (right extreme of cloud).

Wrap:
Index makes a Doji (implying indecision) and takes support at the Kijun Sen (red line).

Looking Forward into this Week:

Break above or below the Blue Tenkan Sen or Red Kijun Sen determines the next move.
Senkou Span A&B converging (extreme Right) - favours Bears.
A deflection of the Tenkan Sen and Kijun Sen (centre) - favours Bulls.

Wrap:
Bears seek to keep the index below the Tenkan Sen and get below the Kijun Sen.
Bulls after establishing support at the red line, look to trend up, clearing the resistance (blue line) and the old High as marked.

Nifty (Asia India) - Ichimoku Weekly Study - 10000 !!! - Week 1 of August 2017.

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

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

Bulls settle above the psychological 10K.
Index almost makes a Bearish Shooting Star at the 141% Fibonacci of the last major Hi Lo.
Bulls keep it above the Weekly Support (Tenkan Sen - Blue) and make a new All Time High (ATH).

Wrap:
Bulls make 10K. Bears had a Bearish Shooting star candle, for the week, in mind.

Looking Forward into this Week:

Chikou Span (extreme left), preferably, needs to stay pointed away from the Price line, to keep the Bull move going.
Bears now pray the 'Almost' Bearish Shooting Star candle, holds the index below Fibo 141%.

Wrap:
Bulls riding above the 'Tenkan Sen', for the last 25+ weeks, want to reach the 162% Fibo. retrace of the last major Hi Lo (10500+).
Bears are desperate for life below the Tenkan Sen (blue line).

Saturday, July 29, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Peek - Week 1 of August 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)

Senkou Span A and B, cross Bearishly (right extreme).

Index clears the Tenkan Sen (blue line), Kijun Sen (Red Line) and Peeks out of the Kumo with one massive green candle.

Chikou Span nears the resistance at the Price line (left)

Wrap:

Index almost at the CRITICAL 61.8% Fibo(center). Senkou Span A & B in a bearish cross (right)

Looking Forward into this Week:

Chikou Span above the Price line is now the bull ask (left).

Clearing the 61.8% and making the 127% is the next Bull need.
Senkou Span A&B, Bearish 'cross', with Resistance at 61.8% is Bear plank.

Wrap:

Bulls look to hold the large wave 'Higher Low' and make a Smaller wave Higher High.

Bears seek life inside the Kumo after the Bearish Senkou Span A and B cross (right) with resistance at 61.8% ($53) holding.

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.