Trade, Live and Thrive

Saturday, October 27, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Kumo Bounce and Previous Lows - Week 5 of September 2018

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

PAST

Index leaves the Support Zone of Kijun Sen and Tenkan Sen and manages a meager bounce off the Kumo (cloud).

Weekly close was just above the previous low of 9952 (Fibonacci 100%).

NEXT

Bulls seek to take support near the Previous low or before the Fibonacci 113%.

With the Blue Tenkan Sen (currently intertwined with the Kijun Sen) falling below the Red Kijun Sen, in the coming week, Bears hope for a Medium Term Trend Change.

WRAP

Bulls with a swathe of red on the screen, look for a bounce back towards the Support Lines (10880).

Bears, seek to close below the Fibonacci 113% and stay below the Kumo.

Thursday, October 25, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - From the 'Double Top', to the 'Cloud' - Week 4 of October 2018.

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

PAST

Index after making a 'Double Top' and a 'Three inside down', drops down to the Kumo (cloud).

The 'Chikou Span' (left) is real close, to the Price line.

NEXT

Bulls, seek a bounce off the Kumo. Bears prefer life below the Kumo.
The 'Chikou Span' (left) approaches the Price line for a Bearish Cross or Bullish Deflection.

WRAP

A Double Top and deep dive later, Bears press for a fall below the cloud (2613).

Desperate Bulls pray for a bounce off the Kumo, and life above weekly supports(2767).

Tuesday, October 2, 2018

Brent Oil - Ichimoku Weekly Chart Study - Channel breakout and Fibonacci Targets - Week 1 of October 2018.

Investing.com chart > Click

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

PAST

Index, breaks out of Range and hurtles towards the 162% Fibonacci projection, off the Channel.

Distance between the blue line (Tenkan Sen) and red line (Kijun Sen), reduces.

NEXT

Bears seek to stop the Bull run before the next resistance Fibonacci 162% ($86.76) and then take a dive towards the Channel.

Bulls on a roll, seek to clear the coming resistance and go on to Fibonacci 200%

WRAP

Bears pray for red before $86.76 is reached.

Bulls after a textbook break out, seek $90+

Saturday, September 22, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Throwbacks and Red Line Supports - Week 4 of September 2018

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

PAST

Index dives from the Fibonacci 141% and takes support at the Kijun Sen (red line).

Weekly close was below the previous ATH (All Time High), 11171 (Fibonacci 100%).

NEXT

Bulls now want to use current support at the red line (10858) to close above the old ATH (11171), by month end. (edited)

Bears see red, and look for life in the Cloud (Kumo)

WRAP

Bulls after the deep dive from Fibonacci 141%, seek to get green back on the screen, aim for life above the Blue Line (11313)

Bears, see more red and a fall below 10500 (i.e. into the Kumo) in the coming weeks.

Saturday, September 8, 2018

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Double Top - Week 2 of September 2018.

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

PAST

Index after breaking out above the Kijun Sen (red line) struggles near the Fibonacci 327%-341%.
The 'Chikou Span' (left) stays above the Price line.

NEXT

Bulls, 'trend on' if they can stay above the blue 'Tenkan Sen' support.
Bears seek make a Double Top.

WRAP

A Double Top is the current Bear Plan, staying below the Blue line, critical for the same.

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