Trade, Live and Thrive: July 2016

Saturday, July 30, 2016

Brent Crude Oil - Ichimoku Weekly Study - Down Kumo - Week 1 of August 2016.

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

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

Chikou Span slides down lower, but above support at the Kijun Sen #W1.
Index stays red, still trapped in the Kumo #W2.
Kijun Sen just below the price line inside the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.

Wrap:
Bears use the Kumo top as resistance, index continues to yo yo down, with another red week #W2 and a lower low.

Looking Forward into this Week:

Bulls hope the Kijun Sen support, will see Price heading up out of the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the Senoku span 'B' is a Bull priority #W3.
Bears need to break below the Kijun Sen #W2.

Wrap:
The Kijun sen is the support the Bulls need for a bounce back, Bears aim for the kumo bottom #W2, and a lower high.

Say..

Monday, July 25, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - Fork Lift - Week 3 of July 2016.

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

Patterns:
Index makes yet another new All Time High (ATH) with help from the Medium Term 'Three Outside Up', Support at the Weekly Fork, Lifts the Bulls #WeeklyChart 1.

Support & Resistance:Weekly Fork's middle Tyne was Support #WeeklyChart 1. The Middle Tyne of the Fork on the Daily Chart, was resistance again #Daychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STS is in the oversold #DayChart 2.

Wrap:
Bulls use the 'Three Outside up' to get to another 'new' ATH #WeeklyChart 1
Bears manage to stop the Bull run at the Day Fork #WeeklyChart 1.

Looking forward into this Week:

Patterns:
'Three White Soilders' Pattern (Study Links here, here or elsewhere) is active on the Medium Term Chart #WeeklyChart 1.

Support & Resistance:
Middle Tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. Middle Tyne of the Fork on the Weekly chart is the first support #WeeklyChart 1.

Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.

Indicators:
TSI clears resistance at the 61.8% mark #MonthChart 2.

Wrap:
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1

India - CNX Nifty 50 - Triple Screen 'Technical Analysis' - Forked - Week 4 of July 2016.

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

Patterns:
Bears keep the action below the Bottom Tyne of the Day Fork #DayChart 1. Bulls despite a red week, hold the previous week's gains #WeeklyChart 1.

Support & Resistance:
Daily MA 13 was the support, while the Bottom Tyne of the Fork on the Day Chart, was resistance as expected #Daychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STC is stuck at the 61% Fibonacci retrace #Monthchart 2.

Wrap:
Bulls use the 'Three Outside up', to bulid on their higher high #WeeklyChart 1
Bears manage a red week using the resistance at the fork #DayChart 1.

Looking forward into this Week:

Patterns:
'Three Outside up' Pattern (Study Links here, here or elsewhere), is active after decent gains, on the Medium Term Chart #WeeklyChart 1

Support & Resistance:
Bottom tyne of the Fork on the Day chart is the resistance to beat #DayChart 1. The Weekly MA 5, is the first Support #WeeklyChart 1.

Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart 1.

Indicators:
The STS staying in the oversold is power to the Bulls #Weeklychart 2.

Wrap:
Bulls, look at continuing to the ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below 8400 (the weekly MA 5 #Weeklychart 1).

Sunday, July 24, 2016

Brent Crude Oil - Ichimoku Weekly Study - Kijun sen Action - Week 4 of July 2016.

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

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

Chikou Span slides down, but above support at the Kijun Sen #W1.
Index goes red, still trapped in the Kumo #W2.
Kijun Sen slips neatly into the Kumo #W2.
Senoku Spans A and B, are crossed Bullishly #W3.

Wrap:
Bears use the Kumo top as resistance and start an yo yo, with a red week #W2.

Looking Forward into this Week:

Bulls hope the Kijun Sen action will see Price breaking out above the Kumo #W2.
Keeping the the Chikou Span above the Kijun Sen, and the Senoku Span 'A' above the senoku span 'B' is the bull need now #W3.
Bears need to use the Kumo as resistance zone and get a move below it #W2.

Wrap:
A Kumo break out is what the Bulls want to enforce #W2, Bears see the index yo-yoing down the Kumo.

Saturday, July 23, 2016

Say....

Monday, July 18, 2016

US - S&P 500 - Triple Screen 'Technical Analysis' - New ATH !! - Week 3 of July 2016.

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

Patterns:
Index moves up to a new All Time High (ATH) with help from the Medium Term 'Three Outside Up' #WeeklyChart 1. Resistance at the confluence of the Forks (Weekly and Daily charts) halts the up move #Dailychart 1.

Support & Resistance:
Daily EMA 5 was the support, while the Middle Tyne of the Fork on the Daily Chart, was resistance as expected #Dailychart 1.

Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all the above screens.

Indicators:
The STS is in the oversold #Dailychart 2.

Wrap:
Bulls use the 'Three Outside up' to get to a new ATH #WeeklyChart 1
Bears manage to stop the Bull run at the fork #Dailychart 1.

Looking forward into this Week:

Patterns:'Three Outside up' Pattern (Study Links here, here or elsewhere), is active on the Medium Term Chart #WeeklyChart 1

Support & Resistance:
Middle tyne of the Fork on the Day chart is the resistance to beat #Dailychart 1. The Daily MVWAP 34 is the first Support #Dailychart 1.

Moving Averages:
The 55 & 222 MA, is a in a 'Golden Cross' on the Day Screen #Dailychart 1.

Indicators:
TSI clears resistance at the 61.8% mark #Monthlychart 2.

Wrap:
Bulls, look at making a new and higher ATH #WeeklyChart 1. Bears seek to use the current resistance, to drive the index below the MVWAP 34 #Dailychart 1

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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.