Thursday, August 13, 2020

Daily Dashboard (based on previous business day)

 Daily Time Frame Trading

AEX  575,06 (AEX Daily Chart)
Trend: uptrend; S/D-S/R: 554,88-587,03 and 8 day EMA support; JCS/SS/8EMA: bullish trigger signs on 12-08-2020.
Trade actual: bought longs on 12-08-2020, stoploss at 8 day EMA.

SPX @ 3.380,35 (SPX Daily Chart)
Trend: uptrend; S/D-S/R: 3.127,66-3.393,52 and 8 day EMA support; JCS/SS/8EMA: bullish trigger signs on 29-07-2020.
Trade actual: bought longs on 03-08-2020, stoploss on 8 day EMA.

COMPQ @ 11.012,24 (COMPQ Daily Chart)
Trend: uptrend; S/D-S/R: 10.217,31-11.126,04 and 8 day EMA support; JCS/SS/8EMA: bullish trigger signs on 12-08-2020.
Trade actual: bought longs on 12-08-2020, stoploss at 8 day EMA.

XEU @ 117,88 (XEU Daily Chart)
Trend: uptrend; S/D-S/R: 116,95-119,06 and 8 day EMA meandering; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: none.

BTCUSD @ 11.517,98 (BTCUSD Daily Chart)
Trend: uptrend; S/D-S/R: 10.694,22-12.106,89 and 8 day EMA support broken; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: sold longs on 12-08-2020 at profit, stoplossed at 8 day EMA.

GOLD @ 1.949 (GOLD Daily Chart)
Trend: uptrend; S/D-S/R: 1.923,70-2.089,20 and 8 day EMA support broken; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: sold longs on 11-08-2020 at profit, stoplossed at 8 day EMA.

UST @ 139,13 (UST Daily Chart)
Trend: downtrend; S/D-S/R: 138,69-140,36 and 8 day EMA support broken; JCS/SS/8EMA: no bullish trigger signs.
Trade actual: sold longs on 10-08-2020 at profit, stoplossed at 8 day EMA.

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.