Trade, Live and Thrive

Monday, July 3, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Weekly support - Week 1 of July 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 Support at the Kijun Sen (weekly - red), after slipping below the Tenkan Sen (blue).
Chikou Span (White) spikes up, way above the Price line (extreme left).

Wrap:
Index stops falling near the Weekly Support. Bears make a huge red candle.

Looking Forward into this Week:

Bears next seek life below the Kijun Sen (red line).
Bulls want to resume the up trend from this critical support.
Senkou Span A&B starts converging - favours Bears.

Wrap:
Bears want to keep the index below the Tenkan Sen and keep it falling.
Bulls look to trend up, taking off from critical support (red line).

Nifty (Asia India) - Ichimoku Weekly Study - Evening Star to Tenkan Sen - Week 1 of July 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 manage to stay above the 'Tenkan Sen' even as three red weekly candles show the impact of the 'Evening Star' (google 'Evening star candle')
Bears fail to break below the 113% Fibonacci of the last major Hi Lo.

Wrap:
After the recent Evening star, Bears get a third Red Candle, Bulls close above the Tenkan Sen.

Looking Forward into this Week:

Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
'Evening Star' effect, has been good for the Bears.
Bulls look to bounce back to the All Time Highs.

Wrap:
Bulls riding above the 'Tenkan Sen', for the last 25 weeks, want to reclaim the All Time High (ATH).
Bears, hope to send the index below the Tenkan Sen (blue line) this week.

Saturday, July 1, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 4 (Kumo Bottom Bounce) - Week 1 of July 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 take support from near the Kumo Bottom. Senkou Span A and B deflect for now.

Bulls keep the Large wave 'Higher Low', Bears continue the Short wave 'Lower High : Lower Lows'.

Chikou Span (white) bounces off the Kumo (extreme left).

Wrap:

Index goes green in the the Kumo (center). Chikou Span bounces off the Kumo (left). Senkou Span A & B deflect for now (right)

Looking Forward into this Week:

Chikou Span bounce at the Kumo was the bull ask (left) which they got.

Price Support at the Kumo Bottom was also the Bull hope, clearing the Tenkan Sen (blue) is next (center).
Senkou Span A&B 'deflection', now gives power to Bulls (right).

Wrap:

Bulls look to hold the large wave 'Higher Low' and Kumo Bottom Support to catapult the Index out of the Kumo (center).

Bears seek a Large Wave 'Lower Low' and life below the Kumo with a possible Bearish Senkou Span A and B cross (right)

Tuesday, June 27, 2017

Nifty (Asia India) - Ichimoku Weekly Study - Evening Star Options - Week 4 of June 2017.

Zoom into chart .. Click

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

We have shifted this study to CNX Nifty 50 (India) from from SGX Nifty 50 (Singapore)

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

Bulls stay well above the 'Tenkan Sen' even as two red weekly candles show the impact of the 'Evening Star' (google 'Evening star candle')
Bulls fail to break above the 127% Fibonacci of the last major Hi Lo.

Wrap:
After the recent Evening star, Bears get a second Red Candle, Bulls hold recent lows.

Looking Forward into this Week:

Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move, going.
'Evening Star' effect, has been good for the Bears.

Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', want to stay above the Fibo 113% and aim for 127%.
Bears, hope to get the index below the Tenkan Sen (blue line) with help from the 'Evening Star'.

Monday, June 26, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Hi Wave @ 2458 - Week 4 of June 2017.

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

Index turns back from resistance at 2458 - and makes a High Wave candle last week.

2458 is a confluence of two Retraces, 162% and 200% as seen above.
Indecisive Bulls made a High Wave candle last week.

Wrap:
Bulls after returning from 2458, seem undecided.

Looking forward into this Week:

Bears seek to defend 2458, to get back into the game.

Bulls after taking off from the Tenkan Sen, need to clear 2458 to keep the current trend.

Index Support and Resistance possibilities are marked as above.

Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Once successful, Bears seek to keep it below 2458.

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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.