Market View; World Stock Indexes; Trading Journal

Stocks continue to rose to all time highs.
I do not supose, I'm certain, sky is the limit.
It was a good profitable Week!
Which you all a nice weekend.

Today Dax Index presented a breakout trading opportunity and I’ve made my Short entry:
STOP = 10007.0 Stop/Entry distance = 23.5
SHORT = 9983.5
TP1 = 9900.5 TP1/Entry distance = 83.0 TP1 RR = 3.5
TP2 = 9850.0 TP2/Entry distance = 133.5 TP2 RR = 5.7

RR -> Reward / Risk
Since TP1 was reached I’ve moved TP2 Stop to Break Evan

Today FTSE a good trading opportunity and I’ve made my Short entry:
Financial Instrument: UK100
STOP6780.0Stop/Entry distance12.0
SHORT6768.0
TP16741.0TP1/Entry distance27.0TP1 RR2.3
TP26716.0TP2/Entry distance52.0TP2 RR4.3
RR -> Reward / Risk
Since TP1 was reached I've moved TP2 Stop to Break Evan

Yesterday the SP 500 index rose to the high of the previous day and returned violently down, stopping at the 10 day Moving Average.
For the particular case of the Dax index, today, a break down from the yesterday’s Inside Candle occurred at the market opening time, allowing to foresee the continuation of the decline.

Just like predicted, today the Dax has reached the lower line of the trumpet @ 9790 and declined to the minimum of 9756.

This week wasn't as good as the previous, but still was not bad.
We may have a "pullback" for the Leading Indexes, early next week.
Which you all a nice weekend.

Gold dropped and then rebounded on this Monday to near three-month highs, reaching 1329.31.
Geopolitical instability has been underpinning the yellow metal in recent weeks.
This is not good news for Stocks.

U.S. stocks rose to records, as gauges of factory output in major economies signaled expansion.
The U.S. economy is seen as stable. Valuations are not cheap, but that doesn’t mean the end of the bull market.
Major Indexes benefited and climbed significantly today.
We might watch to a narrow day in the markets tomorrow.

Today FTSE presented a good trading opportunity and I’ve made my Long entry:
Financial Instrument: UK100 -> Entry rule: Double Bottom Pattern and STO Divergence
TP26971.4TP2/Entry distance206.0TP2 RR2.3
TP16866.5TP1/Entry distance101.1TP1 RR1.1
LONG6765.4
STOP6677.3Stop/Entry distance88.1
RR -> Reward / Risk
If TP1 is reached I'll move TP2 Stop to Break Even

Today DAX presented a good trading opportunity and I’ve made my Long entry:
Financial Instrument: Ger30 -> Entry rule: Break Out of the previous day.

TP29988.0TP2/Entry distance44.0TP2 RR2.9
TP19966.0TP1/Entry distance22.0TP1 RR1.5
LONG9944.0
STOP9929.0Stop/Entry distance15.0
RR -> Reward / Risk

Both Targets were reached

One of the best trading weeks of 2014.
The forum is a great help.
Which you all a nice weekend.

Today, 8th of July, DAX presented a good trading opportunity and I’ve made my Short entry:
Financial Instrument: Ger30 -> Entry rule: Break Out.

STOP 9934.0 Stop/Entry distance 22.0
SHORT 9912.0
TP1 9873.0 TP1/Entry distance 39.0 TP1 RR 1.8
TP2 9800.0 TP2/Entry distance 112.0 TP2 RR 5.1

RR -> Reward / Risk
Both Targets were reached. :-)

Stocks rebounded from a two-day decline with the idea that the awareness of complacency in the market was offset by good news on employment and the prospect of good news about the corporate profits.
Although preferring a bearish Scenario, we have always to consider the possibility of the continuation of the rebound.
Happy trading. :-)

My preference for the Scenario of a decline in the Markets, mentioned in the previous post, was confirmed today, with the Standard & Poor’s 500 Index resuming a selloff started earlier this week, as signs of financial stress in Portugal fueled demand for haven assets.
I maintain my preference for the continuation of this decline.

Today, 11h of July, DAX presented a Reversal opportunity and I’ve made my Short entry:
Financial Instrument: Ger30 -> Entry rule: Reversal
STOP9715.0Stop/Entry distance12.5
SHORT9702.5
TP19668.5TP1/Entry distance34.0TP1 RR2.7
TP29640.0TP2/Entry distance62.5TP2 RR5.0
RR -> Reward / Risk
Both Targets were reached. :-)

The latest measures taken by the Administration of Banco Espirito Santo and the potential measures to stimulate the Euro economy, led the major stock indexes to rise while gold falls today with one of the largest declines in 2014.

Janet Yellen told today the easing shall continue as problems remain in labor markets and inflation is still below the Fed’s goal.
Can we conclude the markets will continue to climb?

Light Crude rose after the announcement of the reduction in U.S. stocks, following the increase of the processing rates in refineries.
The recent positive data from China and the great reduction of stocks, should lead to an increase of the price of this asset.

Today, 17th July, I've made a Long Entry on Lcrude, according to my analysis posted yesterday:
Financial Instrument: LCrude -> Entry rule: Break Out
TP2102.86TP2/Entry distance1.2TP2 RR4.0
TP1102.19TP1/Entry distance0.5TP1 RR1.8
LONG101.66
STOP101.36Stop/Entry distance0.3
RR -> Reward / Risk
Both Targets were reached. :-)

Another great trading week of 2014.
The forum is a big help.
Which you all a nice weekend.