Trade, Live and Thrive

Saturday, March 10, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Higher Low & the 179% Fibonacci - Start of Week 2 of February 2018

Investing.com chart > Click

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

PAST

Index breaks Support at Channel Bottom, closes above the 141% Fibonacci (of the 2015 low to 2016 high).

Index closes below the Red Kijun Sen Support (10434), but maintains a Higher Low (above 10033)

NEX

Bulls need to get above the Kijun Sen (10434 - red line) to take the fight to the next Fibonacci Level (179%)

Bears want to force a lower low, and prevent a 'Pullback' breaking into the channel bottom.

WRAP

Bulls now want to maintain the 'Higher Low' and strike out to the 179% Fibonacci.

Bears, seek to keep up the momentum and get below 10033.

Friday, March 9, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Twin Barriers - Red and Blue - Week 1 of March 2018.

Investing.com chart > Click

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

PAST

BitCoin spends 4 weeks tying to break above the Twin barriers of the Blue Tenkan Sen and Red Kijun Sen (center).
Currently the Weekly candle is a long red one.

NEXT

Bears seek to maintain the smaller wave, 'lower low - lower high'.
Bulls hope to stay above the Fibonacci 61.8% and prevent a lower low.

WRAP

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

Bulls seek to stay above the 61.8% Fibonacci, and clear the twin barriers.

Saturday, March 3, 2018

Brent Oil - Ichimoku Weekly Chart Study - Range - Week 1 of March 2018.

Investing.com chart > Click

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

PAST

Index keeps above support at the Fibonacci 113% and is in the range between the Red and Blue line.

Brent Oil has made a 'Higher Low'.

NEXT

Bulls, seek to maintain this Higher Low and continue the up-move after the ranging.

Bears, need life below the red line for starters.

WRAP

Bears need more red, break below the range and life near the Kumo ($50).

Bulls seek to break out of the range and make a Higher High.

Monday, February 26, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Channel Bottom, Holds a Doji - End Week of February 2018

Investing.com chart > Click

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

PAST

Index again takes Support at Channel Bottom near the 162% Fibonacci (of the 2015 low to 2016 high).

Index keeps above the Red Kijun Sen Support (10434), last week, with a Doji Candle > Link.

NEX

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

Bears want to force a lower low, after closing below the red support line (10434, seen above).

WRAP

Bulls seek to use current support and Doji, 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).

Wednesday, February 21, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Blue Line Support & 2828 - Week 4 of February 2018.

Investing.com W Chart > Click

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

PAST

Index after taking support at the Kijun Sen (red line) is at this time above the Blue line (Tenkan Sen).

All Ichimoku Signals continue to favor Bulls.

NEXT

Bulls seek to close the week back above the 300% Fibonacci.
Bears seek a 'Lower High' to complement the 'lower low' they just made.

WRAP

Index above the Blue line, 2828 is the Bull plan.

Bears seek a low, lower than the All Time High.

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.