Trade, Live and Thrive

Saturday, May 12, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - Higher Lows and Blue line support - Week 3 of May 2018.

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

PAST

BitCoin spends 14 weeks tying to break above the Blue Tenkan Sen and after doing so, takes support on the Tenkan Sen (blue line) last week.
Currently the Chikou Span (left) is on course, to cross or deflect the Price line.
The Senkou Span A&B are close together, after two crosses.

NEXT

Bears seek to break below the Blue line once again.
Bulls hope to stay above the Fibonacci 61.8% and make a Higher High @ the red line.

WRAP

Bears hope for life below the blue line and seek a lower low.

Bulls seek to stay above the 61.8% Fibonacci, and reach the red line.

Brent Oil - Ichimoku Weekly Chart Study - Fibonacci 162% ($78) - Week 3 of May 2018.

Investing.com chart > Click

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

PAST

Index after breaking out of the range between the Red and Blue lines, makes a 'Higher High' (link)

Brent Oil, reaches resistance at the Fibonacci 162%.

NEXT

Bears, plan to defend the current resistance $78, the Fibonacci 161.8% (of the 2016 low to 2017 high)

Bulls plan to continue to trend above this mark to make target @ $82-$89.

WRAP

Bears pray for a weekly red candle and life below the Fibo 162%.

Bulls seek to trend on and reach the next target ($82-$89).

Gold Futures CFD - 'Weekly Technical Analysis' - Range - Week 3 of May 2018.

Investing.com W Chart > Click

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

PAST

Index makes a Higher High and a Double Top, then falls into a range between the red and blue line.

Chikou Span stays deflected off the price line.

NEXT

Bulls after making a Larger Wave Higher High, now seek to make a Higher low.
Bears hope to get below the red and blue range and make a lower low, below the Kumo.

WRAP

Fibonacci 100% and life above the red and blue range, is the Bull plan.

Bears seek a lower low (sub 1238) below the Fibonacci 61.8%.

Wednesday, April 11, 2018

Brent Oil - Ichimoku Weekly Chart Study - Higher High! - Week 2 of April 2018.

Investing.com chart > Click

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

PAST

Index after breaking out of the range between the Red and Blue lines, makes a 'Higher High' (link)

Brent Oil, stays with the Bulls on the Weekly Time Frame, with a 'Higher High' & 'Higher Low'.

NEXT

Bears, now need to defend the next resistance the Fibonacci 161.8% (of the 2016 low to 2017 high)

Bulls plan to continue to trend above the Tenkan Sen (blue) again.

WRAP

Bears pray for a weekly red candle and life below the blue line.

Bulls seek to trend above the Blue line and reach the next target ($82).

Tuesday, April 10, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Higher Low? - Week 2 of April 2018.

Investing.com W Chart > Click

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

PAST

Index dives below the blue Tenkan Sen and pauses above the previous low.

Bulls now attempt to climb above the Tenkan Sen (blue) after a High Wave Candle (link) last week.

NEXT

Bulls after taking support at the 227% Fibonacci. attempt to defend a Higher Low.
Bears want to prevent the Index climbing above the blue line (Tenkan Sen @2678).

WRAP

A lower low and life in the Kumo. is the Bear plan.

Bulls seek to get above the (blue) Tenkan Sen and then the red line.

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.