Saturday, September 26, 2020

Daily Dashboard (based on previous business day)

 Daily Time Frame Trading

AEX  540,91 (AEX Daily Chart)
Trend: downtrend; S/D-S/R: 529,78-573,23 and 8 day EMA resistance; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: none.

SPX @ 3.298,46 (SPX Daily Chart)
Trend: downtrend; S/D-S/R: 3.200,05-3.428,92 and 8 day EMA resistance; JCS/SS/8EMA: morning star/-/-, no bullish trigger signs.
Trade actual: none.

COMPQ @ 10.913,56 (COMPQ Daily Chart)
Trend: downtrend; S/D-S/R: 10.217,31-11.245,42 and 8 day EMA resistance broken; JCS/SS/8EMA: morning star/+/+, bullish trigger signs on 25-09-2020.
Trade actual: bought longs on 25-09-2020, stoploss at 10.519,49.

XEU @ 116,33 (XEU Daily Chart)
Trend: downtrend; S/D-S/R: 114,25-119,17 and 8 day EMA resistance; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: none.

BTCUSD @ 10.711,08 (BTCUSD Daily Chart)
Trend: consolidation in uptrend; S/D-S/R: 8.946,05-12.106,89 and 8 day EMA support; JCS/SS/8EMA: bullish trigger signs on 15-09-2020.
Trade actual: bought longs on 15-09-2020, stoploss at 8.946,05.

GOLD @ 1.866,30 (GOLD Daily Chart)
Trend: downtrend; S/D-S/R: 1.983,80-1.829,80 and 8 day EMA resistance; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: sold longs on 25-08-2020 at loss, stoplossed at 1.874,20.

UST @ 139,57 (UST Daily Chart)
Trend: consolidation in uptrend; S/D-S/R: 138,69-140,36 and 8 day EMA meandering; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: none.

Trend is defined by the position of highs and lows and/or the existence of a clear trend channel. Consolidation (accumulation/distribution) usually means a breach of dynamic but not of static support/resistance. Corrections usually imply a breach of both.

S/D-S/R abbreviates static and dynamic support/resistance levels. EMA stands for exponential moving average.

I only consider very clean Japanese Candlestick signals (JCS) in the direction of the trend preferably from an oversold or overbought Slow Stochastic (SS). 8EMA is the position of price versus the 8 day EMA.

Stoplosses are on a closing basis.

For actual trading I use capped futures (limited downside risk) and options.

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