Trade, Live and Thrive

Saturday, August 4, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Pi Resists - Week 2 of August 2018.

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

PAST

Index after getting back above the Fibonacci 300, uses it as clear support for the last 3 weeks. The Fibonacci 314 (Pi = 3.14) was the resistance for the past couple of weeks.

The 'Chikou Span' (left) climbs to above the Price line.

NEXT

Bulls, 'trend on' if they can stay above the blue 'Tenkan Sen' support.
Bears seek to use the resistance at Pi (2848 @ Fibonacci 314) to get below the blue 'Tenkan Sen'.

WRAP

Life below the 'Pi' continues to be the Bear plan.

Bulls seek to stay above the blue 'Tenkan Sen', and 'Trend on' to a new All Time High.

Tuesday, July 17, 2018

Brent Oil - Ichimoku Weekly Chart Study - Red Line Landing - Week 3 of July 2018.

Investing.com chart > Click

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

PAST

Index drops, after a 'lower High and lower Low'. to take support at the red line (Kijun Sen).

Chikou Span (white line - see left) is on track, for a Bullish Deflection or a Bearish Cross of the Price line.

NEXT

Bears, after reaching the red line at $71, hope to break below it.

Bulls need to take support at the red line and attempt a Higher High.

WRAP

Bears seek more red and break below the Red line ($71).

Bulls seek to take off from support, using some help from the Chikou Span (white line - see left) and get above the Blue line (Tenkan Sen @ $76).

Monday, July 16, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Triangle breakouts and ATHs - Week 3 of July 2018

Investing.com chart > Click

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

PAST

Index breaks upwards from the exact tip of the Triangle (link) and attempts to make a new ATH (All Time High)
Bears defend the ATH and send index back towards the Supports.

NEXT

Bulls seek a Higher High above the previous High (ATH) - for now seeking support at the Fibonacci 179%.

Bears seek more red and life near the Red and Blue lines.

WRAP

Bulls want to clear the ATH (11703) with a Higher High, after the break out from the Triangle Pattern.

Bears, seek a Double Top and life below the red line (10562) after defending the All Time High.

Monday, June 25, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Fibonacci 300 and Throwbacks - Week 4 of June 2018.

Investing.com W Chart > Click

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

PAST

Index meets resistance at the Fibonacci 300 and goes down for a Throwback (link) to Triangle.

The Chikou Span (left) heads towards the Price line.

NEXT

Bulls need to arrest the fall, and stay above the red Kijun Sen and blue Tenkan Sen support.
Bears seek to take the Throwback into the Triangle and the index below the support lines.

WRAP

Life below the Triangle is the Bear plan.

Bulls seek to complete the Throwback and head back to the Fibonacci 300%.

Tuesday, June 12, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Triangle Time ? - Week 2 of June 2018

Investing.com chart > Click

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

PAST

Index rises from the Kijun Sen (red line) and meets the top of the Triangle (link) midweek.
Tenkan Sen (blue) crosses above the Kijun Sen (red).

NEXT

Bulls seek a Higher High above the previous High (ATH) - this means cracking the Triangle.

Bears need life below the red line, and need to defend the resistance at Triangle top.

WRAP

Bulls chase the ATH (11703) and a Higher High with a break out of the Triangle Pattern.

Bears, seek life below the red line (10563) after defending the Triangle top.

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.