Trade, Live and Thrive

Tuesday, February 13, 2018

CAC 40 (Europe Paris) - Étude de la semaine, Ichimoku - Kumo atterrissage - Mid Week 3 of February 2018

Investing.com chart / graphique > Click

Introduction & Primer to Ichimoku can be read at this link > click.

Introduction & Primer à Ichimoku peut être lu sur ce lien> cliquez.

PAST

Bulls, after being stopped at the Double Top, see red, but manage to hold above the last (major) low of 4995.

Senkou Span A (Kumo's green border), is resistance this week.

Les Bulls, après avoir été arrêtés au Double Top, voient le rouge, mais parviennent à se maintenir au-dessus du dernier plus bas de 4994.
Senkou Span A (la frontière verte de Kumo), c'est la résistance cette semaine.

Chikou Span, bouncing off the Price Line, will give the respite to the Bulls.
Base formation in the Kumo, especially above 4995 gives the Bulls a fighting chance.

Chikou Span, rebondissant sur la ligne de prix, donnera le répit aux Bulls.
La formation de base dans le Kumo, surtout au-dessus de 4995 donne aux Bulls une chance de se battre.

WRAP

Bears, want to breach 4995 and dive to the 2016 low (3892).

Bulls seek to maintain the 'Higher High - Higher Low', and a escape out of the Kumo.

Bears, veulent faire une brèche 4995 et plonger au plus bas de 2016 (3892).
Les taureaux cherchent à maintenir le «plus haut haut - plus haut bas», et une évasion hors du Kumo.

Translation Credits :)

https://translate.google.com

BitCoin, BTC/USD - Ichimoku Chart Study - Fibonacci 61.8% and a Hammer - Mid Week 3 of February 2018.

Investing.com chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.

PAST

BitCoin falling from the All Time High, makes a Lower Low (see center) and takes support at the 61.8% Fibonacci retrace of the $0 to All Time High as marked.
The previous week's candle was a Hammer >> Link.

NEXT

Bears after striking below the 0.618 Fibonacci Retrace (sub 7600), seek the Kumo (cloud).
Bulls need to take support at this critical level and move up to the Tenkan Sen (blue line).

WRAP

Bears hope for life below the 0.618 Fibonacci and aim for the Kumo.

Bulls seek to retrace from the 61.8% Fibo and reach the Blue line (12945).

Monday, February 12, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Channel Bottom Reprive - Start of Week 3 of February 2018

Investing.com chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.

PAST

Index falls back to Channel Support near the 162% Fibonacci (of the 2015 low to 2016 high) after being sent back by the Channel Resistances shown.

Index attempts to keep above the Red Kijun Sen Support (10434), at this point in time.

NEX

Bulls hope to hold on to the cluster of support lines shown.

Bears want to force a lower low after breaking the red support line (10434) above.

WRAP

Bulls seek to use current support, to keep above the Kijun Sen and target the 200% Fibonacci once again.

Bears, seek to keep up the momentum, with a 'lower low' (sub 10033).

Saturday, February 10, 2018

Brent Oil - Ichimoku Weekly Chart Study - Stick Sandwich Bears Honey - Week 2 of February 2018.

Investing.com chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.

PAST

Index dives to $62 as Bears get their Honey, from the Stick Sandwich Pattern >> Link.

Bulls find support near the Kijun Sen (Red Line).

Brent manages to keep above the 'Higher Low' with this close.

NEXT

Bulls, pray they can maintain the Higher Low and resume the up-move from here.

Bears, want life below the red line for starters.

WRAP

Bears hope the momentum of the fall, will lead to more red and life near the Kumo ($50).

Bulls seek to use the current support to get back above the Tenkan Sen (Blue Line).

Monday, February 5, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Engulfed by Channel Resistances - Start of Week 2 of February 2018

Investing.com chart > Click

Introduction & Primer to Ichimoku can be read at this link > click.

PAST

Index falls back to support at the 162% Fibonacci (of the 2015 low to 2016 high) after being sent back by the Channel Resistances shown.

Index attempts to keep above the Blue Tenkan Sen Support (10626), at this point in time.

NEX

Bulls hope to stop falling at the cluster of support lines shown.

Bears want to force a lower low after breaking the red support line (10434) above.

WRAP

Bulls seek to use current support, to keep above the Tenkan Sen and target the 200% Fibonacci once again.

Bears, after the Channel resistances gave them a massive red candle, now seek to make a lower low (sub 10033).

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.