Saturday, January 25, 2020

Dashboard Dailies (closing previous business day)

Daily Time Frame Trading

AEX @ 614,24 (AEX Daily Chart)
Bullish environment.
Trade triggers: price levels both near and above the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and strong; MAs: 20 day SMA support; S/R: 616,50/602; JCS & SS: no major bullish reversal signs.
Trade actual: trade not considered.

BRENT @ 60,69 (BRENT Daily Chart)
Bullish environment.
Trade triggers: price levels both near and below the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and weak; MA's: all MA's support breached (-); S/R: 60/65,50; JCS & SS: no major bullish reversal signs.
Trade actual: trade not considered.

GOLD @ 1.571,90 (GOLD Daily Chart)
Bullish environment.
Trade triggers: price levels both near and above the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and strong; MAs: 8 day EMA support; S/R: 1.540/1.615; JCS & SS: no major bullish reversal signs.
Trade actual: trade not considered.

SOYB @ 902 (SOYB Daily Chart)
Bullish environment.
Trade triggers: price levels both near and above the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and strong; MAs: 50 day SMA support breached (-); S/R: 900/930; JCS & SS: no major bullish reversal signs.
Trade actual: trade not considered.

SPX @ 3.295,47 (SPX Daily Chart)
Bullish environment.
Trade triggers: price levels both near and above the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and strong; MAs: 8 day EMA support breached (-); S/R: 3.260/?; JCS & SS: no major bullish reversal signs.
Trade actual: trade not considered.

UST @ 130,13 (UST Daily Chart)
Bullish environment.
Trade triggers: price levels both near and above the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: up and weak; MAs: 8 day EMA and 50 day SMA support, S/R: 128,50/130,20; SS: no major bullish reversal signs.
Trade actual: longs were bought on 15-01-2020, initial stoploss at 20 day SMA.

XEU @ 110,25 (XEU Daily Chart)
Bearish environment.
Trade triggers: price levels both near and below the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and above the 8 day EMA.
Trend: down and weak; MAs: 50 day SMA support breached (-), S/R: 110/112,50; JCS & SS: no major bearish reversal signs.
Trade actual: trade not considered.

Environment situation, trade triggers and stoplosses are determined on a daily closing basis.

S/R levels are approximations. Sometimes you would have to think more along the line of zones. I only consider very clean JCS patterns in the direction of the environment preferably from an oversold or overbought Slow Stochastic.

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.