Thursday, February 20, 2020

Dashboard Dailies (closing previous business day)

Daily Time Frame Trading

AEX @ 629,20 (AEX Daily Chart)
Bullish environment (only longs are considered).
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: 616/?; JCS & SS: bullish reversal signs 04-02-2020.
Trade actual: longs were bought on 04-02-2020, stoploss at the 8 day EMA.

BRENT @ 59,12 (BRENT Daily Chart)
Bearish environment (only shorts are considered).
Trade triggers: price levels both near and below the 20, 50 and 200 day SMA.
Trade re-entry trigger: price levels both near and below the 8 day EMA.
Trend: down and strong; MA's: 20 day SMA resistance broken (+); S/R: 53/65,50; JCS & SS: no major bearish reversal signs.
Trade actual: waiting for bearish trade trigger signals.

GOLD @ 1.611,80 (GOLD Daily Chart)
Bullish environment (only longs are considered).
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: waiting for bullish trade trigger signals.

SOYB @ 897,25 (SOYB Daily Chart)
Bullish environment (only longs are considered).
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: 200 day SMA resistance; S/R: 870/945; JCS & SS: bullish reversal signs 10-02-20120.
Trade actual: longs were bought on 10-02-2020, stoploss at the 8 day EMA.

SPX @ 3.386,15 (SPX Daily Chart)
Bullish environment (only longs are considered).
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: 3.330/?; JCS & SS: no major bullish reversal signs.
Trade actual: waiting for bullish trade trigger signals.

UST @ 130,98 (UST Daily Chart)
Bullish environment (only longs are considered).
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: 128,50/132; SS: no major bullish reversal signs.
Trade actual: longs were sold on 28-01-2020 at profit near static resistance line at 131.

XEU @ 108,08 (XEU Daily Chart)
Bearish environment (only shorts are considered).
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 strong; MAs: 8 day EMA resistance, S/R: 105/110; JCS & SS: no major bearish reversal signs.
Trade actual: waiting for bearish trade trigger signals.

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.