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T.G.I.M - Thank God It's Monday Traders! As a trader, Monday is probably the most exciting day of the week to trade... But before I tell you why let me remind you.... We live in a world where… Most people hate Mondays… Not only that… They wait 5 days to finally enjoy and live two measly days. They live for the weekend ONLY. That’s sad… But let’s try to conceptualise how lucky you actually are… Every action that your great, great, great, X 1,000 grandparents did, is the very reason you get to enjoy consciousness and existence in this blip of time. If just one of them got up to get a glass of water instead, you wouldn’t be around… Then let’s talk about that one day… Out of the millions of swimmers in one occasion on one day, you were the winner. YOU WON THE GIFT OF LIFE. That is a reason alone to celebrate every passing minute of your life. You won the cosmic lottery… Then, as life progresses you learn what you like, how to live and who to live with. You adapt to your idiosyncrasies, tastes, habits and interests… That’s what makes life a little easier to get through… And… Technology continues to outperform each year. We now have ways to communicate online, build our own empires and make an income through different career choices. Whether you enjoy investing, horse racing, online gambling or my favourite (financial markets trading), you have a multitude of options to choose and benefit from… And because you’re reading this today, tells me one thing… You have that passion, determination and discipline to try out the trading thing… Am I right? So what does this have to do with T.G.I.M? You need to stop saying “I hate Mondays” and start saying… “Thank God It’s Monday” Each Monday you start a new journey of life experiences to take you on the path of success, financial freedom and happiness… Mondays and the rest of the week days, are the days when you have the opportunity to grow your financial position. NEW OPPORTUNITIES TO: Learn about new markets with trading. Refine your trading risk management skills Take on new high probability trades to build your portfolio Educate yourself on new financial markets terminology, concepts, strategies and systems Go one step closer to achieving your financial goals Each day you learn, adapt and grow your portfolio, is another day closer to achieving your freedom. Also, you can ONLY get better. Find a reason to love Mondays. Next week wake up and say with confidence. T.G.I.M. Write it down somewhere BIG and read it out loud each week before you take a trade.
JSE:J200Education
by Timonrosso
1
Vodacom in no mans land but watch out for BIG Order BlocksI mean... I guess it's ok for range bounded trading. Buy at the bottom of the range and sell at the top (short) then swing the other way. But I guess more importantly, the bigger the range the bigger the Order Block is for when the price breaks out. There are two Order Blocks that Smart Money will sweep. Buy Side LIquidity - Where it could sweep it all the buying where they will sell and bring the price down. Sell side liquidity - where it could seep it all the sells where they will buy to bring the price up. UNtil we have a confirmed Break above SSL or BSL - it's going range bounded until then.
JSE:VOD
by Timonrosso
TRADE UPDATE: Investec Plc not looking good but the 200MA ...Cup and Handle formed on a larger scale. 21>7 - Bearish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R142.49 Unfortunately, it's not looking good for the trade. It's close to the Stop loss. It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart Money comes in and sweeps in all the sells (Buyers - stops) and Shorters (entries). So if Smart Money is buying into this, we could get some upside. But like I said the trend has turned down and we mustn't get our hopes up.
JSE:INLLong
by Timonrosso
TRADE UPDATE Sappi breakdown with a markup before drop to R40.60Symmetrical Triangle formed on Sappi. Broke below and has been coming down nicely. 200>21>7 - Bearish RSI<50- Bearish We recently had a markup phase which is where the orders are being filled from the recent drop. We need to retest the high (resistance) and price should come down. If it breaks above, it will be wise to place a stop loss and lock in profits as the trend will have turned up. Right now, still bearish with a target to R40.60
JSE:SAPShort
by Timonrosso
TRADE UPDATE: Pepkor is still short and winning but can move upThe Pepkor Large Head and shoulders broke below the neckline and showed serious selling. The trade has been a long hold but definitely worth it. For 1, the price is moving down constantly - without any worry 2. We are making profits daily because of Short Interest income. So I'm happy to hold the short to R16.00 or so. On the SMC side (Smart Money Concepts) It is showing some upside to come. We have had a BOS (Break Of Structure) to the upside as the previous candle closed above the wick of the previous candle. This tells us there is a shift in the market where we can get some upside. However, it will be short lived to around R18.30... Then we can expect the price to turn back down and head to our target.
JSE:PPHShort
by Timonrosso
Why Trading Should be like Watching Paint DryIt has to be said. If you want excitement, take $10,000 and go to Las Vegas for a day. Trading should not bring about the same level of excitement. I’m not saying, the entire process should be boring. In life and with the careers you choose, you have to love what you do. You have to keep the reward and vison in your mind, to drive you each morning. And you need to have the discipline and integration to follow your plan each day. So, should trading be boring? Um, yes and no. Let’s start with where trading should be exciting and fun. When Trading is a Thrill This is where most people stay. They don’t take the necessary steps to open a trading account, fund it and grow their portfolios. Instead, they stay in a feel safe and in control of their non-growing finances. I still have members who’ve followed me for 10 years, and haven’t taken ONE single trade. You need to jump out and take action. The thrill of trading should be before the execution takes place. This includes: Analysing the markets Optimising your strategies Searching for high probability trades Reading up on new trading developments and fundamentals Monitoring your results and working on your statistics Finding new markets and instruments to trade and add to your strategy This part is an absolute blast. And requires no risk and no waiting. But then, when you do find your trade line up and put in your trading levels and click buy / sell… Then… Trading needs to be like watching paint dry or grass grow Once you have taken your trade, set your entry, stop loss and take profit levels – you’ve done your job. You now need to let it go and let the market to take over. Don’t interfere… Don’t get excited when it’s in the money. Don’t fear when it’s going against you. Don’t watch every tick. It will drive you insane. Just leave it alone. It should be boring to even see what your trade is doing, because it’s out of your control. If it hits your stop loss – cool… You’ve got your risk management in play. If it hits your take profit – cool… You’ve got your reward management in play. If you have rules to adjust your stop loss, when the market is moving in your favour – cool… You’ve got your reward management in play. Rather focus on the next trade idea or the other bullets I mentioned in the beginning. Keep control with what you can control and leave what you can’t control to the “stars”.
Editors' picks
JSE:J200Education
by Timonrosso
6
Absa showing downside to R135.00 - SMC also appliedPATTERNS: Absa is forming one of the two Either an Reverse Inverse Cup and Handle . Now price is broken below the handle, the chance is that it'll head to R135.60. Or it's forming a head and shoulders where the Right Shoulder is now ready to form (upside) then downside to the target. 21>7 - Bearish Price<200 Bearish RSI<40 - Bearish SMC: We can see a Bearish Fair Value Gap has formed. This is where the 1st and 3rd candle does NOT overlap in price. The market now will want to rebalance and move up into the gap to fill the orders before it comes down. Hence, this is when the Right Shoulder will form. If the price goes back up it'll give a short term BUY SMC to R185.00 If the price continues down then the target will be R135.60. Regardless, the overall trend and bias is down in the medium term.
JSE:ABGShort
by Timonrosso
Sappi showing strong downside to R42.39 thanks to a TriangleSymmetrical Triangle formed on Sappi. This is where a pattern moves neither up or down just sideways. We then had a break down, which confirmed the trend direction. 200>21>7 - Bearish RSI<30 - Bearish Target R42.39 INTERESTING FACTS Sappi Limited is a South African pulp and paper company founded in 1936. The company has operations in over 40 countries across the world. Sappi produces a variety of products, including printing paper, packaging paper, and speciality paper. The company is the world's largest producer of dissolving wood pulp, a key ingredient in the production of rayon and other textiles. Sappi is also a leading producer of graphic paper, which is used for printing magazines, brochures, and catalogs. It's also traded on the NYSE!
JSE:SAPShort
by Timonrosso
UPDATE: Goldfields hit stop loss - but I warned you Inv Rev Cup and Handle formed and the price broken below the Brim level. There were mixed signals with the indicators and I warned you that we need the price to break and confirm below the 200MA. Which obviously, it tested reversed, Smart Money jumped in swept liquidity and pushed the price up. However, it's not just Smart Money to blame. Gold had a bit of reverse as investors had no idea where to put their money in. They are freaking out with the bank crisis in 2023. They are freaking out with Silvergate and crypto exchanges still liquidating. They are freaking out with these fears of high interest rates coming in the US. So as bitter as it hit the stop loss, it gives us a fantastic hedge for long side with Gold incase we get a pump catalyst with the market soon (which I doubt). I will be waiting for bulish signals to buy Goldfields. Let's see.
JSE:GFILong
by Timonrosso