tag:blogger.com,1999:blog-10064372203024510152024-03-16T02:09:34.701+01:00TraderaddictDay- and swingtrading, candlestick charting. Trend-following strategies; base & break, pullback, support & resistance.
This blog is my journal, my work and passion. These are my first steps in a journey to financial freedom.Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.comBlogger888125tag:blogger.com,1999:blog-1006437220302451015.post-56030271328242255992019-08-23T22:45:00.001+02:002019-08-23T22:45:06.998+02:00Volatility After China Tariffs (aka: Was There A Jackson Hole Meeting As Well?)Everyone was waiting for Powell to speak today in Jackson Hole. Would he give investors more hope for another rate cut??<br />
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It didn't matter, because the Chinese deceided it was time to give the US some of it's own medicine. China announced it would raise tariffs. TT (tweeting Trump) didn't wait long to react. He ordered US companies to leave China, not giving much hope for a trade war to end soon. The market plunged on the news, leaving the Powell-speech a none event.<br />
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<a href="https://1.bp.blogspot.com/-JHn_cFwNXYc/XWBP4LmkBaI/AAAAAAAAHD8/yE0OGEMxWnc5Qu1-_T7kafQ3R-JTAFDvACLcBGAs/s1600/23-08-19%2Bfutures%2Bclose%2Bend%2Bof%2Bweek.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="175" data-original-width="1105" height="100" src="https://1.bp.blogspot.com/-JHn_cFwNXYc/XWBP4LmkBaI/AAAAAAAAHD8/yE0OGEMxWnc5Qu1-_T7kafQ3R-JTAFDvACLcBGAs/s640/23-08-19%2Bfutures%2Bclose%2Bend%2Bof%2Bweek.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-91439194431152427452019-08-14T18:32:00.001+02:002019-08-14T18:32:57.774+02:00And Back Down AgainWhat volatility lately! A day after the big jump on the tariff-related news and we're even lower now.<br />
As long as the US and China haven't met, this volatility is here to stay imo.<br />
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<a href="https://1.bp.blogspot.com/-9hOgMBCmKM4/XVQ3U0duIjI/AAAAAAAAHDg/d7TxWUQ3kr8aEypb00lx7dpR1NYnnEZIwCLcBGAs/s1600/14-08-19%2Bfutures%2Bmidday.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="192" data-original-width="1280" height="96" src="https://1.bp.blogspot.com/-9hOgMBCmKM4/XVQ3U0duIjI/AAAAAAAAHDg/d7TxWUQ3kr8aEypb00lx7dpR1NYnnEZIwCLcBGAs/s640/14-08-19%2Bfutures%2Bmidday.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-23405975311074146062019-08-13T19:19:00.002+02:002019-08-13T19:19:36.633+02:00Trading on HeadlinesToday we see a heavy reaction of Mister Market towards another headline about China tariffs (a delay of the 10% tariff on some products)<br />
Energy is also reacting bullish, up 4-5%!<br />
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Back to new highs soon? Time will tell :-)<br />
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<a href="https://1.bp.blogspot.com/-7tVyDdD0Tiw/XVLwj3XXZiI/AAAAAAAAHDU/QROtQ9gZ24QqF9IWk4D9PQQ5oSIrqAntwCLcBGAs/s1600/13-08-19%2Bfutures%2Bdelay%2Btariffs.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="192" data-original-width="805" height="152" src="https://1.bp.blogspot.com/-7tVyDdD0Tiw/XVLwj3XXZiI/AAAAAAAAHDU/QROtQ9gZ24QqF9IWk4D9PQQ5oSIrqAntwCLcBGAs/s640/13-08-19%2Bfutures%2Bdelay%2Btariffs.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-36081629408416399182019-08-05T22:09:00.000+02:002019-08-05T22:10:49.767+02:00Violent Sell-OffThis is day 4 of a violent sell-off. Looking for a bounce here. Time will tell if this is only a dip or the beginning of a correction.<br />
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<a href="https://1.bp.blogspot.com/-qqu28XQKCDU/XUiM7NscAXI/AAAAAAAAHDA/Ct7urCwx0DEKcGz8b5UqkSxN9cGasNv9gCLcBGAs/s1600/05-08-19%2Bfutures%2Bclose%2Bof%2Bday.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="107" data-original-width="1119" height="60" src="https://1.bp.blogspot.com/-qqu28XQKCDU/XUiM7NscAXI/AAAAAAAAHDA/Ct7urCwx0DEKcGz8b5UqkSxN9cGasNv9gCLcBGAs/s640/05-08-19%2Bfutures%2Bclose%2Bof%2Bday.jpg" width="640" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-63257120487887093722019-07-01T22:12:00.001+02:002019-07-05T21:41:41.728+02:00New Highs...So risk on it is!<br />
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Expect a move to 3000 (S&P500), retest of 2950 and who knows what more to come?<br />
With this POTUS, everything is possible. But as long as we are climbing the wall of worry, no problem.<br />
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Update 7/5/19: first target (3000) reached. What's next? 3050 or 2950?Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-4084607652127867312019-01-26T12:40:00.002+01:002019-01-26T12:41:11.210+01:00And Here We Are...Take a look back at my post from 22 December 2018. The third chart is a monthly chart from the S&P500, regarding the 20MA. We are now coming back up towards that green line, see below.<br />
The question is, will this be another 2011 or 2015 when we didn't stay below the moving average for long (no bear markets)? Or is this another 2000-2001 or 2007-2008 bear market, just getting started?<br />
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Time will tell…<br />
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<a href="https://4.bp.blogspot.com/-F5ZfGnQ7fUw/XExHDNgCzvI/AAAAAAAAHAI/dw065tFIvJwrvLSaJBR3hyAFm5TTPPX9QCLcBGAs/s1600/26-01-19%2Bmontly%2Bchart%2BSPX500.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="852" data-original-width="1580" height="344" src="https://4.bp.blogspot.com/-F5ZfGnQ7fUw/XExHDNgCzvI/AAAAAAAAHAI/dw065tFIvJwrvLSaJBR3hyAFm5TTPPX9QCLcBGAs/s640/26-01-19%2Bmontly%2Bchart%2BSPX500.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-76205597456127011772018-12-26T22:32:00.002+01:002018-12-26T22:34:17.136+01:00This...A picture is worth a thousand words:<br />
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<a href="https://3.bp.blogspot.com/-vRBkihHzKsQ/XCPzaS-UwSI/AAAAAAAAG_A/ZrbDfbe8bsA9X24OJnQeTy0TweeemzlNQCLcBGAs/s1600/indices%2B26-12-18%2BEOD.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="191" data-original-width="646" height="188" src="https://3.bp.blogspot.com/-vRBkihHzKsQ/XCPzaS-UwSI/AAAAAAAAG_A/ZrbDfbe8bsA9X24OJnQeTy0TweeemzlNQCLcBGAs/s640/indices%2B26-12-18%2BEOD.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-86653524664098200492018-12-22T12:00:00.001+01:002018-12-22T12:05:45.864+01:00This Time It's Different"This time it's different!" So they say. You hear and read it a lot, but is that really so?<br />
Let's take a look at the past, here are charts with monthly candlesticks for S&P500 and Nasdaq.<br />
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<a href="https://1.bp.blogspot.com/-qq4vcE4vwhA/XB4S7tGzHdI/AAAAAAAAG-Y/EHFl58bHqfIqr67igWt6yjX112cKjs2xwCLcBGAs/s1600/Nasdaq%2Bmonthly%2B1999-2019.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="850" data-original-width="1592" height="340" src="https://1.bp.blogspot.com/-qq4vcE4vwhA/XB4S7tGzHdI/AAAAAAAAG-Y/EHFl58bHqfIqr67igWt6yjX112cKjs2xwCLcBGAs/s640/Nasdaq%2Bmonthly%2B1999-2019.jpg" width="640" /></a></div>
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<a href="https://2.bp.blogspot.com/-SZlPQRneF4Y/XB4S7jro_WI/AAAAAAAAG-U/RQ31Yo0lPMIEKncMHU6U0QpIXPp3r0jEgCLcBGAs/s1600/S%2526P%2Bmonthly%2B1999-2019.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="849" data-original-width="1589" height="340" src="https://2.bp.blogspot.com/-SZlPQRneF4Y/XB4S7jro_WI/AAAAAAAAG-U/RQ31Yo0lPMIEKncMHU6U0QpIXPp3r0jEgCLcBGAs/s640/S%2526P%2Bmonthly%2B1999-2019.jpg" width="640" /></a></div>
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One thing is clear, we won't be making new highs this year! But the chance of a snap back rally is getting bigger by the day. The rubberband is streched harder and harder each day, but we haven't seen a really big panic wash out. I'm talking 7-10% down in one day. So far -4.4% (on a closing basis) was the 'best' for Nasdaq, back in October.<br />
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Now let's compare this recent top to the previous ones, and for that purpose I'm only going to post the monthly chart of the S&P. You can clearly see the double top we made in the years 2000 - 2007.<br />
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<a href="https://2.bp.blogspot.com/-U2FEflWcU7k/XB4V86tLFII/AAAAAAAAG-o/RJPMrQ7WQmINobkDQwQQBX3ym4PNe6F-wCLcBGAs/s1600/S%2526P%2Bmonthly%2Bdouble%2Btop.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="850" data-original-width="1590" height="342" src="https://2.bp.blogspot.com/-U2FEflWcU7k/XB4V86tLFII/AAAAAAAAG-o/RJPMrQ7WQmINobkDQwQQBX3ym4PNe6F-wCLcBGAs/s640/S%2526P%2Bmonthly%2Bdouble%2Btop.jpg" width="640" /></a></div>
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That green line represents a 20 month moving average which is rarely broken in bull markets, just a couple of occasions. We are now at the point that we broke that MA on the downside. When we take a look at the past, there is a big chance we will bounce back towards that line. The big question is, when? Probably January, but who's to say? If we get back to that line, sellers will come in again to push us to new lows. Unless it's different this time... :-)<br />
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I would also like to post a chart from alphatrends, to show you how ferocious rallies can be in a bear market, so here is the chart from the SPY in 2008. Above a table with the rallies and below are the dips/crashes. This speaks for itself I think. So don't think because we move up 10% or more, that we are out of the woods… <br />
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Trade carefully here, sitting on your hands and wait for better times is probably the best strategy, especially for new traders. And from time to time, zoom out to see the bigger picture. It helps so see what might come next.<br />
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<a href="https://4.bp.blogspot.com/-oNoMQKC0wrw/XB4ZJq5nJfI/AAAAAAAAG-0/NAXERXtXOfo5C_34x6oLHqsrLyLBoQrlQCLcBGAs/s1600/S%2526P%2B2008%2Brallies-dips.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="828" data-original-width="931" height="568" src="https://4.bp.blogspot.com/-oNoMQKC0wrw/XB4ZJq5nJfI/AAAAAAAAG-0/NAXERXtXOfo5C_34x6oLHqsrLyLBoQrlQCLcBGAs/s640/S%2526P%2B2008%2Brallies-dips.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-15781960186222932102018-12-21T22:39:00.000+01:002018-12-22T12:05:09.123+01:00Blood In The StreetsWhat a bloodbath on Wall Street, indices down 15%-20% or even more (small caps...) since the high of the year. Here some weekly and monthly charts. A rip higher is waiting round the corner, but seems like we'll get more fresh new lows first. By the way, those montly candles are not closed yet of course, but just indicating how much we lost in a couple of months, much of 2017 gains are gone now.<br />
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And please remember, one big rip higher doesn't mean we can't see new lows afterwards. Rallies in bear markets can be ferocious.<br />
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<a href="https://3.bp.blogspot.com/-P189Ou8igkg/XB1dWYM0YbI/AAAAAAAAG-I/RvGHiqUEE806_qKoTtvMut0brp8oDAsLACLcBGAs/s1600/futures_21-12-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="446" data-original-width="1332" height="214" src="https://3.bp.blogspot.com/-P189Ou8igkg/XB1dWYM0YbI/AAAAAAAAG-I/RvGHiqUEE806_qKoTtvMut0brp8oDAsLACLcBGAs/s640/futures_21-12-2018.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-10006801752402242612018-10-10T23:33:00.001+02:002018-10-10T23:33:46.699+02:00Indices and Energy HurtingPanic and blood on the streets, but too early to buy I think. +5% down on tech, ouch.<br />
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<a href="https://4.bp.blogspot.com/-9IRQkkNQlwk/W75wFgzfJoI/AAAAAAAAG8Y/beAsU1t541worlf1gdDSoEO5FcLRGu3DwCLcBGAs/s1600/futures_10-10-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="320" data-original-width="1279" height="160" src="https://4.bp.blogspot.com/-9IRQkkNQlwk/W75wFgzfJoI/AAAAAAAAG8Y/beAsU1t541worlf1gdDSoEO5FcLRGu3DwCLcBGAs/s640/futures_10-10-2018.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-18502696177387719812018-10-04T22:22:00.001+02:002018-10-04T22:24:17.851+02:00Pullback, Dip or Start of a Correction?The volume indicates this was a heavy distribution day. I doubt it very hard that we've seen the short-term bottom. Russell corrected +5% already, they are leading the downtrend.<br />
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<a href="https://3.bp.blogspot.com/-IDpyZyZEHC8/W7Z19QPL-0I/AAAAAAAAG74/r-fvNxGzM_UuMO7VRm2nFRFQCMEdb-S-gCLcBGAs/s1600/futures_04-10-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="401" data-original-width="1330" height="192" src="https://3.bp.blogspot.com/-IDpyZyZEHC8/W7Z19QPL-0I/AAAAAAAAG74/r-fvNxGzM_UuMO7VRm2nFRFQCMEdb-S-gCLcBGAs/s640/futures_04-10-2018.jpg" width="640" /></a></div>
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Momentum stocks like IGC, OGEN were correcting for the second day in a row, giving back +50% since their highs.Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-28628750716093571912018-10-02T22:22:00.002+02:002018-10-02T22:22:36.491+02:00Momentum StocksSome momentum stocks going wild today were IGC and OGEN, insane moves for these 2 lately. In the mean time, some other momentum stocks that were doing well in the last couple weeks, are starting to break down: AMD, ROKU, TLRY, TNDM...<br />
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<a href="https://3.bp.blogspot.com/-plaa19npMNk/W7PTXjHdUpI/AAAAAAAAG7c/DStJ-2fKhQE8zI4LBlzL0YQ445idmlrLACLcBGAs/s1600/IGC_02-10-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="864" data-original-width="1068" height="516" src="https://3.bp.blogspot.com/-plaa19npMNk/W7PTXjHdUpI/AAAAAAAAG7c/DStJ-2fKhQE8zI4LBlzL0YQ445idmlrLACLcBGAs/s640/IGC_02-10-2018.jpg" width="640" /></a></div>
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<a href="https://3.bp.blogspot.com/-xnLFuZgwa4Q/W7PTXgYG7dI/AAAAAAAAG7Y/StuoXu1NfCUViDUmKtwXauXEJG24Wj2twCLcBGAs/s1600/OGEN_02-10-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="865" data-original-width="1068" height="518" src="https://3.bp.blogspot.com/-xnLFuZgwa4Q/W7PTXgYG7dI/AAAAAAAAG7Y/StuoXu1NfCUViDUmKtwXauXEJG24Wj2twCLcBGAs/s640/OGEN_02-10-2018.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-75776027528366096322018-10-01T20:04:00.003+02:002018-10-01T20:04:52.949+02:00Big DivergenceWhat an amazing divergence between small caps and other indices, see below. The Russell 2000 keeps pulling back while other indices are near (or at) new highs. That's minus 3% for the Russell 2000 since the recent high!<br />
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<a href="https://1.bp.blogspot.com/-9RichsIRhG8/W7JhP77MqWI/AAAAAAAAG7I/1f3RRX2Nhh8VuAGXQxy_NHR6XugVDBIbgCLcBGAs/s1600/futures_01-10-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="390" data-original-width="662" height="376" src="https://1.bp.blogspot.com/-9RichsIRhG8/W7JhP77MqWI/AAAAAAAAG7I/1f3RRX2Nhh8VuAGXQxy_NHR6XugVDBIbgCLcBGAs/s640/futures_01-10-2018.jpg" width="640" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-34137795753573907102018-10-01T19:57:00.001+02:002018-10-01T19:57:30.687+02:00Like a Knife Through ButterNikkei225 went through 24000 bearily without any pausing:<br />
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<a href="https://1.bp.blogspot.com/-QCJGgoAXUzY/W7Jf6uqDDhI/AAAAAAAAG7A/BkL6NmXizG8GZSZBGx-RJ_z5po3S2HhuwCLcBGAs/s1600/Nikkei225_01-10-2018.jpg" target="blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="359" data-original-width="991" height="230" src="https://1.bp.blogspot.com/-QCJGgoAXUzY/W7Jf6uqDDhI/AAAAAAAAG7A/BkL6NmXizG8GZSZBGx-RJ_z5po3S2HhuwCLcBGAs/s640/Nikkei225_01-10-2018.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-87155591145731180952018-09-28T11:12:00.004+02:002018-09-28T11:13:25.013+02:00Nikkei225 Still Going24000 was not the end of the line, although a pullback would be healthy.<br />
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<a href="https://4.bp.blogspot.com/-ZtwNWTyxf5I/W63wbfBukoI/AAAAAAAAG6o/P4jv1m3zjycR0ti910eRgg5JnNOryuluwCLcBGAs/s1600/Nikkei225_28-09-2018.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="blank"><img border="0" data-original-height="357" data-original-width="992" height="230" src="https://4.bp.blogspot.com/-ZtwNWTyxf5I/W63wbfBukoI/AAAAAAAAG6o/P4jv1m3zjycR0ti910eRgg5JnNOryuluwCLcBGAs/s640/Nikkei225_28-09-2018.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-24745096371796283352018-09-26T16:33:00.004+02:002018-09-26T16:35:42.333+02:00Nikkei225 at 24000<div style="text-align: left;">
In only 8 trading days from 23000 to 24000.
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<a href="https://4.bp.blogspot.com/-zJU7vZy3aNo/W6uYp1CGHLI/AAAAAAAAG6M/Qtlx7kSVhwkyaQBvXSf6xeKgNXbHYjr0QCLcBGAs/s1600/Nikkei225_26-09-2018%2B.jpg" target="blank" imageanchor="1"><img border="0" data-original-height="354" data-original-width="999" height="225" src="https://4.bp.blogspot.com/-zJU7vZy3aNo/W6uYp1CGHLI/AAAAAAAAG6M/Qtlx7kSVhwkyaQBvXSf6xeKgNXbHYjr0QCLcBGAs/s640/Nikkei225_26-09-2018%2B.jpg" width="640" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-765267337754714142018-09-20T23:22:00.001+02:002018-09-20T23:22:18.479+02:00EUR/USDThe euro is right at resistance, looks good to go.<br />
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<a href="https://4.bp.blogspot.com/-v7lzqexY5EU/W6QPbw3XoHI/AAAAAAAAG5s/Gls207OARc8vVKW7q0OSWY7spqZeOfwqwCLcBGAs/s1600/EUR-USD_20-09-2018.jpg" target="blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="432" data-original-width="675" height="408" src="https://4.bp.blogspot.com/-v7lzqexY5EU/W6QPbw3XoHI/AAAAAAAAG5s/Gls207OARc8vVKW7q0OSWY7spqZeOfwqwCLcBGAs/s640/EUR-USD_20-09-2018.jpg" width="640" /></a></div>
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-5074318029444350832018-09-19T19:27:00.002+02:002018-09-19T20:05:00.356+02:00Oil and Update on NikkeiOil seems ready to take out the 70-71 area, next resistance around 75.<br />
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<a href="https://4.bp.blogspot.com/-lp94pdmGqwo/W6KGbmaY2JI/AAAAAAAAG5I/vtwvqiyoW1MfDTeKkv0RA2njx1yI_pLcgCLcBGAs/s1600/CL_19-09-2018.jpg" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="373" data-original-width="975" height="243" src="https://4.bp.blogspot.com/-lp94pdmGqwo/W6KGbmaY2JI/AAAAAAAAG5I/vtwvqiyoW1MfDTeKkv0RA2njx1yI_pLcgCLcBGAs/s640/CL_19-09-2018.jpg" width="640" /></a></div>
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And Nikkei: nice action over 23000. 24000 next before a retest lower?<br />
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<a href="https://3.bp.blogspot.com/-MA8I4sov5ic/W6KGc78MemI/AAAAAAAAG5M/qOADieed4hQ3LayHu0DvkTyYgB5GtuJ1wCLcBGAs/s1600/Nikkei225_19-09-2018.jpg" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="379" data-original-width="987" height="244" src="https://3.bp.blogspot.com/-MA8I4sov5ic/W6KGc78MemI/AAAAAAAAG5M/qOADieed4hQ3LayHu0DvkTyYgB5GtuJ1wCLcBGAs/s640/Nikkei225_19-09-2018.jpg" width="640" target=_blank /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-66141060214647968042018-09-18T13:20:00.002+02:002018-09-19T20:05:41.748+02:00Nikkei Above 23000Nikkei225 is, after several attempts, finally breaking out above 23000 points. Almost straight up since 22000, so I expect a retest of the breakout area. Resistance will become support, if all goes well.<br />
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<a href="https://1.bp.blogspot.com/-OIkJvcLaUls/W6DfLNa-2DI/AAAAAAAAG44/5gC5pDhn7EYd7sHNYhhlqHbEn6dacbxlwCLcBGAs/s1600/Nikkei225_18-09-2018.jpg" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="988" height="321" src="https://1.bp.blogspot.com/-OIkJvcLaUls/W6DfLNa-2DI/AAAAAAAAG44/5gC5pDhn7EYd7sHNYhhlqHbEn6dacbxlwCLcBGAs/s640/Nikkei225_18-09-2018.jpg" width="640" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-3520477005914419972018-09-06T22:40:00.002+02:002018-09-19T20:05:49.829+02:00DAX: Head- and Shoulders Pattern Developping?<div class="separator" style="clear: both; text-align: center;">
<a href="https://3.bp.blogspot.com/-pnFCy8XLElk/W5GQqBNMN5I/AAAAAAAAG4M/UJ1NsvOzPzgWRqLfx-x18xIrMSALltVmgCLcBGAs/s1600/DAX_06-09-2018.jpg" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="352" data-original-width="944" height="238" src="https://3.bp.blogspot.com/-pnFCy8XLElk/W5GQqBNMN5I/AAAAAAAAG4M/UJ1NsvOzPzgWRqLfx-x18xIrMSALltVmgCLcBGAs/s640/DAX_06-09-2018.jpg" width="640" /></a></div>
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-19608682954231485502018-02-05T21:59:00.000+01:002018-09-19T20:06:20.542+02:00Volatility Is Back!We haven't seen this much action in quite some time. <br />
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Below a snapshot from the 5-minute and the daily chart for the major indices, about half an hour before the close. This was close to the bottom. Or rather, the top... For VIX, that is! Volatility is back, my hunch is we haven't seen the end of this just yet.<br />
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<a href="https://1.bp.blogspot.com/-UUXgBOWS-U4/WnjBVB_P7FI/AAAAAAAAG1g/7ZBECICkPrIrbxp2ssNpP_y8qyEAOk_3gCLcBGAs/s1600/05-02-18%2Bindices%2Bcrash.jpg" target="_blank" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="891" data-original-width="1340" height="424" src="https://1.bp.blogspot.com/-UUXgBOWS-U4/WnjBVB_P7FI/AAAAAAAAG1g/7ZBECICkPrIrbxp2ssNpP_y8qyEAOk_3gCLcBGAs/s640/05-02-18%2Bindices%2Bcrash.jpg" width="640" /></a></div>
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<a href="https://www.booking.com/s/21_8/gysela91" target="_blank"><img alt="Amazin Hotels!" border="0" data-original-height="299" data-original-width="1049" height="112" src="https://4.bp.blogspot.com/-i2eiizmtiZI/WrviOLILWNI/AAAAAAAAG2A/SUuhci70UIgrybe_1lumV-jt_IWQjQgPQCLcBGAs/s400/amazinghotels.jpg" title="" width="400" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-84695267302535377612018-02-05T20:49:00.002+01:002018-02-05T20:49:49.994+01:00Today in Crypto-worldCrypto Crash: is this the bottom?<br />
Anyway, ouch!<br />
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<a href="https://3.bp.blogspot.com/-IgnAs8dh798/Wni1T7iJNQI/AAAAAAAAG1Q/5gxRqohwRMEN6cGDGFRh6VgsIQvb3qOQQCLcBGAs/s1600/05-02-18%2Bcrypto%2Bcrash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="206" data-original-width="298" height="276" src="https://3.bp.blogspot.com/-IgnAs8dh798/Wni1T7iJNQI/AAAAAAAAG1Q/5gxRqohwRMEN6cGDGFRh6VgsIQvb3qOQQCLcBGAs/s400/05-02-18%2Bcrypto%2Bcrash.jpg" width="400" /></a></div>
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-42001908290645368922018-02-02T20:30:00.001+01:002018-02-02T20:31:06.895+01:00What's Your Timeframe?I was looking at the daily S&P chart, didn't look good to me...<br />
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<a href="https://4.bp.blogspot.com/-9WZaaiWNpRg/WnS7ydrHkoI/AAAAAAAAG0o/USA6jTUVR_IMMr--QzNhiMXRegIYDLoYwCLcBGAs/s1600/02-02-18%2Bdaily%2BSP500.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="843" data-original-width="1562" height="344" src="https://4.bp.blogspot.com/-9WZaaiWNpRg/WnS7ydrHkoI/AAAAAAAAG0o/USA6jTUVR_IMMr--QzNhiMXRegIYDLoYwCLcBGAs/s640/02-02-18%2Bdaily%2BSP500.jpg" width="640" /></a></div>
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Then I looked at the weekly chart. That's a bit better...<br />
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<a href="https://2.bp.blogspot.com/-iqIh1K16CxE/WnS8Ayyu7qI/AAAAAAAAG0s/H9F4rmQBNksrY15r9zyX_DEC-7FCJyzswCLcBGAs/s1600/02-02-18%2Bweekly%2BSP500.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="845" data-original-width="1559" height="346" src="https://2.bp.blogspot.com/-iqIh1K16CxE/WnS8Ayyu7qI/AAAAAAAAG0s/H9F4rmQBNksrY15r9zyX_DEC-7FCJyzswCLcBGAs/s640/02-02-18%2Bweekly%2BSP500.jpg" width="640" /></a></div>
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Then I looked at the monthly chart. What dip?<br />
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<a href="https://3.bp.blogspot.com/-a25HXHb2dTw/WnS8LhujQFI/AAAAAAAAG0w/Hy_FZJ0_0lQ75315P9orIOi48XcHCxxPwCLcBGAs/s1600/02-02-18%2Bmonthly%2BSP500.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="889" data-original-width="1557" height="364" src="https://3.bp.blogspot.com/-a25HXHb2dTw/WnS8LhujQFI/AAAAAAAAG0w/Hy_FZJ0_0lQ75315P9orIOi48XcHCxxPwCLcBGAs/s640/02-02-18%2Bmonthly%2BSP500.jpg" width="640" /></a></div>
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Ask yourself, what's my timeframe? And then act accordingly.<br />
<br />Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-6511338154728095772018-01-30T22:40:00.000+01:002018-01-30T22:40:03.046+01:00No Need to PanicNot yet anyway 😃<br />
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Major indices were down 0.7 to 1.4%, not that spectacular but we haven't seen this for a while. Is it a dip or rather the start of a correction? (checking crystal ball...) Nobody knows, but no need to panic yet.<br />
A correction would be healthy, we're +4% in the S&P since the start of this year. And since the last bigger dip (election day 2016), we gained +25%. That's a helluva ride! Time for some rest, or are we going to get new highs next week? <br />
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<a href="https://3.bp.blogspot.com/-xK2mmXJ6c0I/WnDmHCcfs2I/AAAAAAAAG0M/qoQQ4TZB91EZT7S2XDTF__CVHqrV3IJ0QCLcBGAs/s1600/30-1%2Bdip%2Bor%2Bcorrection.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="554" data-original-width="1293" height="274" src="https://3.bp.blogspot.com/-xK2mmXJ6c0I/WnDmHCcfs2I/AAAAAAAAG0M/qoQQ4TZB91EZT7S2XDTF__CVHqrV3IJ0QCLcBGAs/s640/30-1%2Bdip%2Bor%2Bcorrection.jpg" width="640" /></a><br />
Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0tag:blogger.com,1999:blog-1006437220302451015.post-79476844991762000852018-01-16T19:40:00.000+01:002018-01-16T19:40:24.954+01:00Bit- and Other Coins2017 will financially speaking probably go into the history books as the year of bitcoin.<br />
Today the cryptocurrency and all other 'coins' are crashing. Starts to look more like a longer term top here, but you never know with these so volatile products...<br />
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Passion for Tradinghttp://www.blogger.com/profile/10998077095986678249noreply@blogger.com0