Wednesday, December 13, 2017

Dashboard Dailies (daily closing basis)

Daily Time Frame Trading

AEX @ 552,87 (AEX Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/-/-.

BRENT @ 63,85 (Brent Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/+/-.

GOLD @ 1.241,70 (GOLD Daily Chart). TTIP mode.
Bearish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/+/-.

SOYB @ 975,75 (SOYB Daily Chart). TTIP mode.
Bearish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/0/-.

XEU @ 117,42 (XEU Daily Chart). TTIP mode.
Bearish trend direction. Trend trade setup valid.
Trend trade setup initiation variables: +/+/+.

Short trend trade setup initiation for XEU since 12-12-2017.
Long trend trade setup initiation for BRENT since 08-12-2017 terminated on 11-12-2017.

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.