Friday, May 29, 2020

Dashboard Dailies (closing previous business day)

Daily Time Frame Trading

AEX  538,62 (AEX Daily Chart)
Trend: uptrend; S/D-S/R: 530-545 and 8 day EMA support; JCS/SS/8EMA: bullish reversal signs on 20-05-2020.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: bought longs on 20-05-2020, stoploss at 8 day EMA.

BRENT @ 36,03 (BRENT Daily Chart)
Trend: uptrend; S/D-S/R: 28,50-36,50 and 8 day EMA support; JCS/SS/8EMA: no bullish reversal signs.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: waiting for bullish trigger.

GOLD @ 1.728,30 (GOLD Daily Chart)
Trend: consolidation in uptrend; S/D-S/R: 1.675-1.790 and 8 day EMA support; JCS/SS/8EMA: no bullish reversal signs.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: waiting for bullish trigger.

SOYB @ 847 (SOYB Daily Chart)
Trend: consolidation in downtrend; S/D-S/R: 820-855 and 8 day EMA support; JCS/SS/8EMA: bullish reversal signs on 30-04-2020.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: bought longs on 30-04-2020, stoploss at 830.

SPX @ 3.029,73 (SPX Daily Chart)
Trend: uptrend; S/D-S/R: 3.000-3.130 and 8 day EMA support; JCS/SS/8EMA: bullish reversal signs on 20-05-2020.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: bought longs on 20-05-2020, stoploss at 8 day EMA.

UST @ 138,94 (UST Daily Chart)
Trend: consolidation in uptrend; S/D-S/R: 138,45-139,30 and 8 day EMA meandering; JCS/SS/8EMA: no bullish reversal signs.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: waiting for bullish trigger.

XEU @ 110,72 (XEU Daily Chart)
Trend: consolidation in downtrend; S/D-S/R: 107,50-111,50 and 8 day EMA support; JCS/SS/8EMA: no bearish reversal signs.
Trade entry levels: price levels near static and dynamic (8 day EMA) support/resistance levels.
Trade actual: waiting for bearish trigger.

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

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.

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.