Timonrosso

Timonrosso

Derivatives trading! What I believe has been the absolute market revolution since shares. Derivatives might sound complicated and something you would hear from a professor or a know-it-all businessman – but they're really not. I am no academic or even remotely one of the smartest guy’s in the world. And if I can grasp the idea and understanding of...

Timonrosso Updated 

I've waited 2 years for this trade... Will give it another go as the signs for the system have confirmed for upside on Mediclinic. Thoughts? #JSE #ALSI #mediclinic #tradingview

Timonrosso Updated 

Since July 2019, it's been forming a Cup and Handle and finally has broken above. Looks good for upside.

Timonrosso

I'm sure that false breakout to the upside on Gold at $,1500 tricked a lot of traders and investors to buy gold CFDs (including me) ... I'm now changing the bias to bearish... Now that price has broken below the support of the Descending triangle, it looks like the next target (according to the difference between the high and the low of the triangle) is at...

Timonrosso

There are many aspects to celebrate the JSE rising... Technically we have a breakout above the W-formation, break up above the downtrend for the first time since may and end of the year buying before year-end. Fundamentally we have a couple of reasons to feel pride: 1. JSE Is tightening with the regulations with the listing requirements 2. Leila Fourie...

Timonrosso Updated 

I feel a little bit hesitant with this breakout but the boss (systems) says go. Reason is... We've broken above the breakout brim level and have confirmed that what was a resistance is now a support level... However, the previous trend was sideways which makes this trade a MPT (Medium Probability Trade). I've gone long but instead of risking 2% of portfolio,...

Timonrosso

Massmart is looking like it's going down big time thanks to a weekly Double Top formation... In today's article we'll discuss the 9 Similarities Between Poker Vs Trading... Enjoy... Is trading a form of gambling? With hesitance, I would say yes. However, I would rather call trading a form of strategic gambling as both require elements of risk, reward,...

Timonrosso

Might seem a bit optimistic, but it's clear that Platinum has broken out of its 10 year downward-sideways triangle range... Fundamentally this is due to a number of factors: Reason #1: Supply is dropping mainly in Russia and South Africa ~ Impala is cutting over 13,000 jobs ' ~ Shafts are reducing from 11 to six ~ Lonmin is cutting over 5,270 jobs Reason...

Timonrosso

Thank you to Lizette, (one of our loyal memberss) for bringing this trade into my attention. Nasdaq has been forming in a Falling Wedge formation. As the price approaches 3/4s of the apex, we can expect a breakout to the upside which will send the price higher. For a trade, we have two ways to base our take profits. 1. At the top of the wedge formation...

Timonrosso

CHART ANALYSIS Looking at the daily chart of Brent Crude, we've seen the oil price bounce up on a strong rising trendline (black line) since 15 September 2015. Every time the price bounces on this level, it rises to new all-time high prices. Over the past year, Brent Crude has formed what’s known as a ‘Symmetrical Continuation pattern’ (shaded area). This is...

Timonrosso

Gold has been forming a Falling Wedge in since warly August... As it's approaching 3/4s of the apex, we can expect a breakout to the upside soon. This will send it to the first target at the top of the wedge pattern. Will update, as this formation pans out.

Timonrosso

CHART ANALYSIS Looking at the weekly chart of the S&P500, you can see the price has been making higher highs since January 2018. However, the RSI indicator hasn’t… The RSI or Relative Strength Index is a popular indicator used for when you buy or sell trades. All you need to know is the RSI measures the speed and change of market price movements. And if...

Timonrosso

We are brought up in society to WIN, WIN, WIN! Throughout our upbringing we must either: Achieve top grades Drive the fanciest cars Wear and own the best brands In other words, we are raised to win with everything we do in life, until you get welcomed into the world of trading. Today I’m going to be the contrarian and share with you why you should love,...

Timonrosso

JSE:FSR is nearly ready to buy (go long) due to an ascending triangle that's been forming since 8 July 2019. You might be wondering why I'm not calling it a Cup and Handle pattern instead. One reason - The right rounding bottom is more than 50% the cups height. Hence the stop loss will be wider, and the take profit will be extended higher than normal. I'll update...

Timonrosso

Samsung Electronics has been forming a W formation since May 2019. It has recently broken above the $1,025 neckline level, showing momentum is set to continue up. This gives us a great opportunity to go long and buy the share.