Timonrosso

Timonrosso

When you’re a mechanical trader. And when you think you got trading in a bag. You still need to be logical and rational when trading the markets. There are exceptions. And you need to consider these exceptions which could have a profound effect on the financial markets. It’s these unforeseen circumstances, that you need to take the stand. You might need to...

Timonrosso

Since the Inverse C&H, the price broke below the brim level and since then has been on a downward trajectory. The downtrend, was the other confirming indicator that this was about to drop. I definitely didn't expect the drop to be short and explosive, but for a trader it's always better to be in and out. Now, there will most likely be some chop in the...

Timonrosso

Inverse Head and Shoulders formed on Clicks. The price broke up and then there was a consolidation to the downside forming a somewhat Falling Pennant. During this time the price bounced off the 200 MA and the uptrend. This coonfirms the upside will continue along with other indicators. 7>21>200 RSI>50 Target remains at R340.76

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Box formation formed after a couple of months and the price broke above the resistance. Since then it's been on a solid uptrend with a good inclination. The price has also broken above the Falling Pennant which is confirming the buyers are driving the price. We have additional indicators showing upside. MAs - 7>21>200 RSI>50 Target R191.31 Bullish

Timonrosso

To build your portfolio. You need to learn to manage your risk. And over the last 16+ years, I’ve given you maybe five ideas on how to do it. Well, today I have 16 of the most essential Risk Management rules I could come up with in just one seating. They might not all apply to you. But most of them I believe will definitely resonate with you, your portfolio...

Timonrosso

M Formation has formed on Gold. However, there is a BIG support with the neckline and the major 200MA. As long as price stays above, this analysis will e wrong. So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future. Price >200 - needs to break below RSI<50 turn up...

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W Formation has formed on Nampak. The price has broken up and is showing it's reached a bottom and buyers will start piling in here. Otehr indicators confirm. 7>21 - Bullish Price>200 - Bullish and it's the first time in MONTHS since we've seen the bull crossover. RSI>70 Target 1 will be to R494.59 ABOUT THE COMPANY Packaging Solutions: Nampak is a...

Timonrosso

Box Formation has formed on TCP. We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position. However, we are seeing potential signs of a bottom as there could be more buying to push the price up. Other indicators show including: 200> 7=21 RSI>50 higher lows Target one will be to the top of the...

Timonrosso

Let's get straight into the three cronies of trading disaster when taking and holding a position. Fake-out: (When the price makes a false breakout of a chart pattern) A fake-out occurs when the price of a market appears to break out of a certain chart pattern. This could be a trendline, support, or resistance level. But then quickly reverses and retreats...

Timonrosso

M Formation has formed on the JSE ALSI 40. While the SP500, Dow Jones and Nasdaq have been going up this year, it strangely looks like the JSE ALSI 40 has broken it's correlation. Not only has America NOT been leading the JSE, it seems like the problems (economically and politically and socially) are showing signs for the country. Now, either we get another...

Timonrosso

In the fast-paced world of financial trading, time is often the difference between success and failure. One effective strategy that I’ve found incredibly beneficial is the 3 Seconds Rule. This rule, adaptable to virtually any life scenario and business. It’s simple… Before you make a crucial decision, you count to three. 1, 2, 3 This will help you streamline...

Timonrosso

I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending. IN this case, it could be a Rising Wedge, which requires a breakout to the downside. Or it could be a rising Wedge, where the breakout can turn up and go above the apex. I'll route for a breakdown, purely based on the...

Timonrosso

Inverse Cup and Handle seems to be forming on the daily chart for gold. This does not give safe-haven vibes. Unless it's for a short. If the price breaks below the brim level (support), we could see downside to come for the metal. Other indicators confirm downside. 21>7 We just need the price to break below 200MA and it's all down from here. RSI<50 Target...

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Rev C&H has formed on the USD/ZAR. If we get a slight retracement back it could be forming a Right shoulder to an Inv H&S. Regardless, this looks bearish for the ZAR and bullish for the USD. Other indicators are showing upside to come for the greenback. 7>21>200 RSI>50 Target 1 will be R21.72. Ouch for the rand. The government and load shedding is really...

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This analysis hurts my pocket. Travelling around and living in Europe means we pay in Euros. Hotels, flights, costs, etc... And I unpleasantly am doing an analysis showing how the Euro looks like more upside is to come. It's this kind of analysis I really hope I am 100% wrong. Anyway, upside is to come bease on the Reverse Cup and Handle. The price...

Timonrosso

There is one thing that will separate the winners from the losers. Knowing your numerical trading goals. When you have a back-tested and solid strategy, everything else becomes easier. You have the past and the potential future in your vision. And all you need to do is follow the rules and then keep them in check. To do this, you need to have written down...

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Symmetrical Triangle formed on ALSI and the darn price has just been moving within it for months on end. Any JSE short term trader is most likely struggling with the whipsaws. If one is not diversified in Forex or Indices - I don't know how they are making an income this year. Regardless, the price has broken below the triangle and below the 200MA for the...

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Head and Shoulders has formed on Absa Bank Group It looks like after the rally, the price wants to come down a bit and retest some of the lows. As the JSE is in a turbulent stage, anything can happen. 200>21>7 RSI<50 Target R155.68