mitigating risk - sep 2015
TRANSCRIPT
Striking similarity between Shanghai Composite – SSEC Weekly Candlestick Charts and Silver Daily Candlestick charts
Week Ended August 27, 2015Shanghai Composite Weekly Candles
Daily Chart ended May 11, 2011Silver Daily Candles
Shanghai Composite Daily Line Graph with Bands
Silver Daily Line Graph with Bands at Peak (Apr 2011)
Silver Multi-Period Candles – Last 4 years since peak
Shanghai Composite (SSEC) v/s Silver• The momentum on the Shanghai Composite
Daily Charts was higher than that on the Silver Daily Charts
• Does Silver Multi-Period Candlestick Chart give any indication of what is about to happen to the Chinese Economy?
August 31, 2015USD/Euro Multi-Period
CandlesThree reversal patterns
August 31, 2015₹/$ Parity
Bearish Signal
Weakness in INR against USD on account of:1. Sudden and
unexpected devaluation of Yuan
2. Speculation and short covering (USD gains on low volumes and open interest)
3. Weakening of USD against Euro
Squeeze: Indicates directional change/ change in trend or continuation of the trend
₹/$ ParityHigh probability of beginning of correction in this zone itself
August 31, 2015
August 31, 2015
Intermediate Reversal
Bullish Reversal Patterns
Crude Oil - WTI
Crude Oil - WTI
Indicates directional change/ change in trend or continuation of the trend
August 31, 2015
Crude Oil - WTI
NIFTYAugust 31,
2015
Bearish Signals
NIFTY
Bearish Bollinger Bands
August 31, 2015
NIFTY
August 31, 2015 Bearish
ConfirmationDow – US 30
August 31, 2015
DAX Bearish Confirmati
on
Disclaimer: These extracts from my trading books are for educational purposes only. Any advice contained therein is provided for the general information of readers and does not have regard to any particular person's investment objectives, financial situation or needs and must not be construed as advice to buy, sell, hold or otherwise deal with any commodities, currencies, securities or other investments. Accordingly, no reader should act on the basis of any information contained therein without first having consulted a suitably qualified financial advisor.