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11/01/2014 view (ASX:S&P200, AUD, Gold bugs)


Another boatload of charts.
S&P200 Still in congestion spread around MA50 and locked in the falling wedge.
20140111 XJO 10 days
Break with retest above 5305 will launch trend reversal aiming to retest 5457. Opposite break points to 5123 MA(200 and the last selloff resistance.
20140111 XJO days
BHP testing the bottom
20140111 BHP 6 months
20140111 BHP Weeks
Weekly XJO view sits at BB middle with negative RSI divergence not resolved yet.
Weekly $NYSI points to more upside whereas sharp $TNX decline may favor the shares rally to continue.
The same Treasure notes dive pushed AUD higher as expected.
20140111 TNX-FXA weekly
Sentiment is not at its peak yet.
Gold shapes IHS but the break out is no yet confirmed.
20140111 GOLD Days
MML, NCM, SLR testing resistance
20140111 MML 6 months
20140111 NCM days

14 simple rules for 2014


1)Stand still after the trade completion to prevent the tilt -L20 5 days, L10 2 days
2) Execute trades last 30 minutes before session closure or 11 am if stop-loss.
3) 2nd BB brake likely reversal. BB 2 to medium, BB 2.5 to opposite BB, BB 3 weekly trend change. MA(7,13,20) to confirm trend reversal.
4) Enter trend reversal after confirmation with 2 days or 1 day with a gap.
5) Fib(20,2)+S/R+ MA(50,200) to point the exit.
6) RSI(7)+MACD divergence to detect coming reversal.
7) NYSI Slow STO+ BPNYA+CNN Fear to determine the weekly trend.
8) Underlying stop loss is fluid. Should put stop loss 20-30% away of its price.
9) Every trend break causes congestion at first.
10) Congestion is never profitable.
11) Add up max 50% to the right trade in first 1-2 days. Never to balance off the loss.
12) 30% deposit never in trade.
13) Cash out before major media events, continuous offline and approaching congestion.
14) L10 proactive plan, L15 turning confirmed, L20 in mature trend.