Timonrosso

Timonrosso

We've seen the break above $10,000, the breakout, the re-test and now we are good to go long... Fundamental reasons: Reason #1: Bitcoin seems to be the new age safe haven against the Coronavirus The Coronavirus virus has already taken over 1,500 lives and has infected over 72,000 people world-wide. And as the virus continues to spread, investors will remain...

Timonrosso

Clearly there's a strong rounding bottom which has formed over the last couple of months... And with the price breaking above the crucial $1,500, means not only have we had a breakout in price but also with a psychological breakout... Can easily expect gold to head on up this year...

Timonrosso

Go to Google, Bloomberg, Business Times and you’ll see big debates between nations talking about this rally. This sparked my curiosity to see if we could also see a stock market rally on the JSE this year. Today I’m going to tell you what the Santa Claus rally is, why it exists and how you have a 69% chance to profit from the JSE this December. Let’s get...

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Telkom's CRASHED 54% since June! Here's why I'm leaving it alone… This is sad but you need to know. Today, I am taking yet another company off my trading watchlist. Telkom… Since June we've seen this telecommunications giant' share price crash from R100 down to R46.00 per share. That's a 54% sharp drop which signals MAJOR red flags when it comes to...

Timonrosso

While you’re enjoying the summer sun and clear skies back in SA paradise… I’m afraid I’m not. I’m trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade. And surprise, surprise, cocoa popped up on my radar… Here are three reasons why I’m buying cocoa and where I expect it to head next. ...

Timonrosso

In this issue, we’ll discuss the differences between both CFDs and Spread Trading… What are CFDs and Spread Trading? Spread Trading (betting) and CFDs are financial instruments that allow us to do one thing. To place a bet on whether a market will go up or down in price – without owning the underlying asset. If we are correct, we stand a chance to make...

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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,...

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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...

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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...

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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...

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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.

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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...