Trade, Live and Thrive: 09/18/17

Monday, September 18, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - All Time High - Week 3 of September 2017.

Zoom into chart .. Click

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

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

Index soars above support at the Tenkan Sen (2459) with a Marubozu.

Bulls maintain Higher Highs and Higher Lows and make a new All Time High.
Index above all the Ichimoku Signals.

Wrap:
Index breaks out above the blue line (2459) with a Marubozu.

Looking forward into this Week:

Bulls now seek to reach 227% Fibonacci.
Bears need to get below the Kijun Sen (2411 - Red Line) to make a lasting impact.

Higher high (new All Time High) is the Bull plan.

Wrap:
Index above support at 2459 - Break of this is the Bear Hope - Another New All Time High is the Bull plan.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Deflection Pop - Week 3 of September 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 catapults above the Tenkan Sen (Blue) and Kijun Sen (red).
Tenkan Sen (Blue) and Kijun Sen (red line) remain crossed bearishly.
Chikou Span, deflects near the Price Line (left).

Wrap:
Chikou Span deflects off Price line. Index catapults above all the signals on the screen

Looking Forward into this Week:

Deflection (left) of the Chikou Span and Price Line gives it to the Bulls for now.
Senkou Span A&B converging (Right) is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) remaining crossed bearishly - good for Bears.

Wrap:
Bears seek to get the index below the Tenkan Sen (blue).
Bulls after maintaining the Higher Low, strike higher.

Nifty (Asia India) - Ichimoku Weekly Study - Support Holds - Week 3 of September 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 keeps above support i.e. Tenkan Sen (Blue line - Center) and crosses the 141% Fibonacci.
Index makes a Higher High.
Last week's candle is an 'Opening White Marubozu'

Wrap:
Index stays above the Tenkan Sen and makes an 'Opening White Marubozu' Candle last week.

Looking Forward into this Week:

Bulls want to keep up the momentum and reach the 162% Fibo., after the higher high.
Bears look to move the index below Fibonacci 127% and make a Lower Low.

Wrap:
Bulls intend the keep above the Tenkan Sen and reach the 162% Fibonacci (10521).
Bears seek life below the Tenkan Sen.

Brent Crude Oil - Ichimoku Weekly Study - Break Out - Week 3 of September 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 stays above the Kumo (centre).
Senkou Span A and B, cross bullishly (right extreme).

Chikou Span crosses the Price line bullishly (left).

Tenkan Sen and Kijun Sen cross bullishly (centre).

Wrap:

Index Breaks out of the Kumo, Throw Back yet to happen.

Looking Forward into this Week:

3 Bullish Crosses: Chikou Span & Price line (left), Senkou Span A & B (right), Tenkan Sen & Kijun Sen (centre), all help Bulls.

Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, yet to happen - That's the Bear Hope.

Wrap:

Bears hope for a 'Throwback' to the Kumo Top, and then pray for a fall below the critical support, $53 of the last few weeks.

Bulls seek to keep the advantage of three Bullish Crosses, with a quick move towards $62.

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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.