Trade, Live and Thrive

Saturday, December 15, 2018

Brent Oil - Ichimoku Weekly Chart Study - Kumo Resistance and Fibonacci Supports - Week 3 of December 2018.

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

PAST

Brent, pauses at the 162% Fibonacci projection as marked above.
Bears keep it below the KUMO for three weeks.
Chikou Span (left) stays deflected off the Price line - for now.

NEXT

Bears see resistance at the Kumo and the fall continuing towards the Fibonacci 200%.

Bulls seek to punch through the Kumo and reach $77 above the Kijun Sen (red line).

WRAP

Bears after holding out below the Kumo, see more red.

Bulls after three weeks of consolidation, seek to get into the Kumo and then strike above it towards $77.

Saturday, December 8, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Cloud (Kumo) Wars - Week 2 of December 2018

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

PAST

Nifty 50, spends a dozen weeks around the gravitational field of the Kumo.

Chikou Span (left), climbs above and below the price line.

NEXT

Nifty draws a wide range, between 10K and 11.2K, in a bid to resolve the direction.

Bearish cross of the Blue and Red lines, can be attenuated with a break above this range.

Cumulative effect of Bearish Signals and range break down, would give the Bears their honey.

WRAP

Bulls with a Higher low and pop above the Kumo, seek to get above range at 11.2K.

Bears, want life below the Kumo and plan a lower high and then a lower low near 8k.

S&P 500 (Americas, USA) - 'Weekly Technical Analysis' - Skirmish at the 'Cloud' - Week 2 of December 2018.

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

PAST

Index after dropping down to the Kumo (cloud), does a 7 week skirmish here.

The 'Chikou Span' (left) weaves in and out of the Price line.

NEXT

Bulls, seek to get above the Kumo. Bears push for life below the Kumo.
The 'Chikou Span' (left) on the Price line for a Bearish Cross or Bullish Deflection.

WRAP

After a 7 week skirmish at the Kumo (cloud) Bulls and Bears, yet to resolve the direction from here.

The Kumo (2639 to 2697) and Fibonacci 262%, are the numbers to beat, for the future of the 'Trump' Rally.

Friday, November 23, 2018

BitCoin, BTC/USD - Ichimoku Chart Study - The Last Fibonacci - Week 4 of November 2018.

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

PAST

BitCoin reaches the 78.6% Fibonacci retrace (from the All Time High to Zero).

Chikou Span (left) deflects bearishly, off the Price line (once again).

The red Kijun Sen and the blue Tenkan Sen lines also deflect Bearishly.

NEXT

Bears after deflection of the Blue and Red Lines, now seek life below the last Fibonacci.
Bulls pray for a green candle and support at the 78.6% Fibonaci retrace.

WRAP

Bears seek to stay below the blue line and and seek life below the last Fibonacci.

Bulls hope to form a bottom here and get above the Blue Tenkan Sen Line.

Saturday, November 3, 2018

Brent Oil - Ichimoku Weekly Chart Study - Fibonacci Targets & Deep Dives - Week 2 of November 2018.

Investing.com chart > Click

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

PAST

Brent, stops exactly at the 162% Fibonacci projection ($86.76), off the Channel.
Bears, dive to near the Channel bottom ($70.37 or Fibonacci 0%).
Chikou Span (left) at the Price line.

NEXT

Distance between the blue line (Tenkan Sen) and red line (Kijun Sen), should narrow further, next week, leading to the possibility of a Bullish deflection or Bearish Cross.

Bulls seek Support at Fibonacci 0% and some ranging inside Channel.
Bears aim for the Kumo and then $63.

WRAP

Bears after a precise stop and dive to where it began, see more red.

Bulls seek Support and consolidation at the Channel Bottom.

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.