Trade, Live and Thrive

Tuesday, July 11, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support at Tenkan Sen again - Week 2 of July 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 firms up above the Tenkan Sen (Blue) last week, closes above the 127% of the last minor Hi Lo.

2458 a confluence of two Retraces, 162% and 200% was resistance for the last down move.
Bulls again bounce back from support at Tenkan Sen last week.

Wrap:
Bulls after returning from 2458, take support at the Tenkan Sen (blue line) again.

Looking forward into this Week:

Bears seek to defend 2458, and get below the Tenkan Sen.

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) and 127% of the last minor Hi Lo.
Bears seek to keep it below 2458 and break below the current support.

Monday, July 10, 2017

CAC 40 (Europe Paris) - Ichimoku Weekly Study - Support Holds - Week 2 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 holds Support at the Kijun Sen (weekly - red), after slipping below the Tenkan Sen (blue).
Senkou Span A & B converge.

Wrap:
Index produces a High Wave candle near the Weekly Support.

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 converging - favours Bears.

Wrap:
Bears want to keep the index below the Tenkan Sen and next break the Red Line.
Bulls look to trend up, clearing the resistance (blue line).

Nifty (Asia India) - Ichimoku Weekly Study - Tenkan Sen to ATH - Week 2 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 stay above the 'Tenkan Sen' and manage a bounce to the All Time High (ATH).
Bears fail to break below the 113% Fibonacci of the last major Hi Lo.
Bulls fail to take out the 127% Fibonacci of the last major Hi Lo.

Wrap:
Bears give up the gains of three Red Candles, Bulls stop at the ATH.

Looking Forward into this Week:

Chikou Span, preferably, needs to stay pointed away from the Price line, to keep the Bull move going.
Bulls hope to make new All Time Highs.
Bears pray for a Double Top.

Wrap:
Bulls riding above the 'Tenkan Sen', for the last 25 weeks, want to take out the All Time High (ATH).
Bears, hope to send the index below the Tenkan Sen (blue line) after triggering a 'Double Top'.

Saturday, July 8, 2017

Brent Crude Oil - Ichimoku Weekly Study - Kumo Life 5 (Kumo Top Stop) - Week 2 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 get stopped near the Kumo Top. Senkou Span A and B converge again.

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

Chikou Span (white) points to the Kumo (extreme left).

Wrap:

Index near the Kumo Top(center). Senkou Span A & B converge (right)

Looking Forward into this Week:

Chikou Span above the Kumo is now the bull ask (left).

Piercing the Kumo Top is now the Bull hope, clearing the Tenkan Sen (blue) is next (center).
Senkou Span A&B 'deflection' or 'cross', now is the next event on the horizon.

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, July 4, 2017

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Support at Tenkan Sen - Week 1 of July 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 continues its down run from resistance at 2458 - touches Tenkan Sen (Blue) support last week.

2458 is a confluence of two Retraces, 162% and 200% as seen above.
Bulls bounce back from support at Tenkan Sen last week.

Wrap:
Bulls after returning from 2458, take support at the Tenkan Sen (blue line).

Looking forward into this Week:

Bears seek to defend 2458, and get below the Tenkan Sen.

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).
Bears seek to keep it below 2458 and break below the current support.

Subscribe to: Posts (Atom)

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.