Trade, Live and Thrive

Monday, April 10, 2017

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Shooting a Higher High - Week 2 of April 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 keep above support and take the Index Higher - weekly candle resembles a Shooting Star.
Chikou Span (white) flat, but towers above the price line (see extreme left).
The Tenkan Sen (blue) is fall back Support.

Wrap:
Bulls continue above the previous 'All Time High' - Bears make the Weekly candle a 'Shooting Star'.

Looking Forward into this Week:

Bulls continue to reap rewards from the Tenkan Sen and Kijun Sen cross - which has been a strong Bullish Influence.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bear wish list sees life below the March 2015 High, and a crash to sub 7070 levels.

Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', seek the stars with another High.
Bears plan to shoot the index towards the Tenkan Sen and get some red on the Index.

Saturday, April 8, 2017

Brent Crude Oil - Ichimoku Weekly Study - Back in Range - Week 2 of April 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)

Brent after taking off from the Kijun Sen (red) earlier cleared the Resistance at the Tenkan Sen (blue) last week, and is now in the old range / cluster.
Index between the 61.8% and 78.6% Fibonacci retrace of the last major High & Low.
Chikou Span (white) stays deflected above the price line (see extreme left).

Wrap:
Chikou Span spikes off the Price line, Trending Index clears the Tenkan Sen.

Looking Forward into this Week:

Bulls would want to keep Index above the Tenkan Sen(blue) and prevent the Chikou Span from going below the Price line.
Bears want to see Index stop at the old resistance cluster and head back to the Kumo (cloud).
With a Higher Low @ Kijun Sen, Bulls look to ensure a Higher High above the oncoming resistance formed by the 'old cluster' of candles.

Wrap:
Buoyant Bulls seek a Higher High and life above the 61.8% Fibonacci retrace.
Bears wish to defend this resistance zone and send the index towards the Kumo.

Monday, April 3, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Pierced - Week 1 of April 2017.

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

Index does a throw back to the 2.62 extension from the 1.62 Fibonacci resistance as marked above.

Last two candles on the Weekly chart above, show a Piercing Pattern.

Wrap:
The Index throws back to the 2.62 extension of the last minor High-Low and Bulls consider the Piercing Pattern studied.

Looking forward into this Week:

Bears hope to close the week below this old resistance (2.62).
Bulls seek Higher Highs and a close above resistance (2.62) with help from the Piercing Pattern.
Index Support and Resistance possibilities are marked as above.

Wrap:
Bulls comeback from Support and consider Higher Highs based on the Piercing Pattern.
Bears having stopped the index twice at the 2.62 resistance, seek to keep the pressure on, and hope to change the trend.

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Bull Hold - Week 1 of April 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 takes off from Support as marked and maintain the up trend.
Index is at a Higher High and above all indicators.
Chikou Span (White) goes higher (extreme left).

Wrap:
Index spikes in the direction of the August 2015 High.

Looking Forward into this Week:

Bears want to see some red and a retest of Supports.
Bulls maintain Higher High - Higher Low in style.
Senkou Span A&B maintain their distance.

Wrap:

Bulls look to get to the next resistance and maintain higher lows.
Hopeful Bears seek to get index below the Tenkan Sen (Center).

SGX Nifty (Asia Singapore) - Ichimoku Weekly Study - Flirting with Old highs - Week 1 of April 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 closes the week above the March 2015 High - making it an official 'Higher Close'.
Chikou Span (white) flat, but way above the price line (see extreme left).
The Tenkan Sen (blue) is now Support.

Wrap:
Bulls finally use the Bullish Tenkan Sen-Kijun Sen Cross, to close above the previous 'All Time High'.

Looking Forward into this Week:

Bulls hold on to 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 dream of life below the March 2015 High, and a crash to sub 7070 levels.

Wrap:
Bears would want to head to the Tenkan Sen and get some red on the Index.
Bulls with a Higher close plus Bullish 'Tenkan Sen- Kijun Sen Cross', now would want to take out the next resistance as marked.

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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.