Friday, November 24, 2017

Dashboard Dailies (daily closing basis)

Daily Time Frame Trading

AEX @ 541,35 (23-11-2017) (AEX Daily Chart). TTIP mode.
Bearish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/0/+.

BRENT @ 63,30 (22-11-2017) (Brent Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/+/+.

GOLD @ 1.292,20 (22-11-2017) (GOLD Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/+/-.

SOYB @ 997,25 (22-11-2017) (SOYB Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/0/+.

XEU @ 118,20 (22-11-2017) (XEU Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/0/-.

Only BRENT qualifies for a (long) trend trade setup.

TTIP mode and trend investment setup validness is determined on a daily basis.

The trend trade setup initiation variables are Trend Trade Setup, Trend Channel and Bollinger Band. 

Trend Trade Setup can be valid (+) or not (-). The Trend Channel can allow for movement in the direction of the trend (+) or not (-). If no reliable trend channel can be drawn the variable scores a zero (0). Bollinger Band can allow for normal price movement in the direction of the trend (+) or not (-). The last two variables should both be considered in a risk-reward context.

For an initiation of a trade we need three plusses (+/+/+).

For an explanation of the Trend Trade & Investment Principle, its abbreviations and its usage see the bottom of this blog. Please also read the disclaimer there.