Trade, Live and Thrive

Saturday, March 11, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kijun Sen Stop - Week 3 of March 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 breaks range - Stops exactly at marked support - the Kijun Sen (red).
Index is now between the 61.8% and 50% Fibonacci retrace of the last major High & Low.
Chikou Span (white) also dives - towards the price line (see extreme left).

Wrap:
Chikou Span dives, Index is dives. Last week's candle stops exactly at the Kijun Sen.

Looking Forward into this Week:
Bulls would want to get above the Tenkan Sen(blue) before the Chikou Span hits the Price line.
Bears want to see Index retest the bottom and to start with look to get to the Kumo (cloud).
With the range break to Support, Bulls look to get back lost ground.

Wrap:
Bulls look to use the current support to get back above the 61.8% Fibonacci retrace.
Bears want to see the Index get below the marked supports and hit the Kumo.

Say..

Monday, March 6, 2017

S&P 500 (Americas US) - 'Weekly Technical Analysis' - Long Term Channel Breakout? - Week 2 of March 2017.

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

Patterns:
Index again closes week above the Monthly Fork's top Tyne #Monthlychart.

Support & Resistance:
The Index support and resistance options are shown in the first chart above.

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

Indicators:

The revised TSI is at the 76.8% Fibo Retrace #MonthlyChart.

Wrap:
The Index trades above the 1.62 extension of the last High-Low.

Looking forward into this Week:

Patterns:
Month fork with a Span of 25 years - sees the Price peep above its top Tyne (second chart above).

Support & Resistance:
The Index support and resistance possibilities are shown in the first chart above. 2333 is the support the Bears seek to get below.

Moving Averages:
5 EMA on the Month chart (2265), is the mark, that the Bears have to close below, this month, to impact the up move #MonthlyChart.

Indicators:

TSI above 76.8% Fibo Retrace, helps Bulls #MonthlyChart.

Wrap:
Bulls peeping above the Long term Channel top, could be negotiating a major breakout #MonthChart.
Desperate Bears may be seeing their darkest hour (before the dawn) and resolution on the first chart should show the way.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Tenkan Sen Support works - Week 2 of March 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 finally takes off from the Tenkan Sen support.
Index took off after ranging in the last few weeks between the 61.8% and 78.6% Fibonacci retrace, of the last major High and Low.
Chikou Span (White) climbs steeply (extreme left).

Wrap:
Index takes off towards the April 2015 High as marked.

Looking Forward into this Week:

Bears want to see the Chikou Span headed back towards the Kumo (extreme left).
Bulls get a range break and maintain Higher High - Higher Low.
Bears now need to bring the index below the supports marked.

Wrap:

Index in breakout mode, proved its intent to take support and trend up.
Bears would now try to get index below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Resistance Skirmish - Week 2 of March 2017.

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

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

Index has a skirmish with the September 2016 High.
Chikou Span (white) above the Price line (see extreme left).
Tenkan Sen and Kijun Sen make a Bullish Cross.

Wrap:
index takes off from support and is negotiating the previous High - with a Strong Bullish Cross to back it.

Looking Forward into this Week:

Bulls get a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears after defending the September 2016 High - would want to keep the space.

Wrap:
Bears would want to defend the current close and get Index back below Weekly Supports.
Bulls plan to go Higher on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.

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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.