Market analysis and trading signals for the week
05/12/2022 – 09/12/2022
* Please note – this week on Wednesday at 14:00 EST time the treasury budget report in the USA will be published. It is recommended to be out of the market when posting economic announcements.
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for the July 4, Independence Day in the USA. Details here.
* Attention – we start trade on December 2022 contracts. Symbol: ESZ2, NQZ2, YMZ2, RTYZ2, etc.
It was a week that broke the weekly resistance and created a new record for the gains of the last two months. The market closed the week 34.50 points higher than last week’s closing price of 466.75 points.
Weekly support lines:
Support line: 4009.25?
Support line: 3753.00!
Support line: 3661.50
Support line: 3580.00!
Support line: 3502.00! – 3479.50
Resistance lines on a weekly level:
Resistance line: 4111.50?
Resistance line: 4206.75! – 4238.75
Resistance line: 4348.00!
Resistance line: 4416.25
The ATR20 shows a movement of 76.95 points, down 4.2 points from last week’s volatility.
In the decreases the daily fluctuation increases and at highs the daily fluctuation decreases. To remind you, the multi-year average of the contract stands at 22 points.
Weekly Tip – What is the trending day traders’ mistake?
In most cases the market is volatile on an intraday level and therefore many traders avoid placing a stop in the system.
In addition many tend to add additional contracts to losing positions in order to average. “The market always returns”, a common saying among traders.
The main problem is that in most cases the average corrects the situation of the losing position. Until one day the market does not return and does not correct. And you are in a losing position with high leverage at the upper limit of the collateral you can make relative to the size of your account.
Then, in one day you lose and wipe out a long trading period, at best. And in the worst case, the account is deleted.
conclusion,
Never add contracts to a losing position. In terms of financial expectancy, the result will be a negative expectancy! “
Never add contracts to a losing position. The expectancy will always be negative!”
Great week friends,
Geva Gazit
Which group of people do you want to belong to?
Checklist:
This week the market began a rapid decline towards the weekly support and from there it went back up in one day while breaking the weekly resistance and created a new record price for the trend of the increases in the last two months since the creation of the bottom of the general trend.
Friday closed slightly below the open after the market had earlier moved sharply lower. That is, the momentum is still up at least for now before the market goes back down again. The strong resistance to test the trend is around the price of 4348 points.
Opening higher for the week and shuffling above the price of 4111 points, will indicate the continuation of the increases.
A downward opening and a drop below last Friday’s bottom will bring the market back in the first stage towards the support around the price of 3938 points. In the second stage towards the price of 3753 points.
The combination of trading on daily support and resistance levels + rapid response in the correlation between the indices and taking advantage of price spreads that open up between the indices, is exceptionally successful in generating opportunities for very safe profits.
* Trade in the trend:
Buy when there is a valid approval for stocastic and DMI and the market reaches a price level of 3661.50 points to a price level of 3911.00 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 4238.00 points to a price level of 3938.00 points.
Financial management:
Entry 1 Long Contract at 3938.00! – 3911.75 Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3753.00? Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3661.00! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4016.00 points, Exit 1 contract at 3820.00 points, Exit 1 contract at 3778.00 points, at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4206.75! – 4238.75 Pts when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 4348.00 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4093.00 points, Exit 1 contract at 4187.00 points at the end of a trend or toward the end of the day.
* People who read the review were also interested in the GOLD Course.
* Buy and sell prices are based on a weekly forecast in advance. Decisions must be made on a daily basis each day, based on what the market did during the previous five days and the last day.
** Receiving a password for the demo software will be done by contacting Geva Gazit personally and with the approval of TransAct support.
*** Futures trading involves risk and is not suitable for everyone. The signals and reviews on this site are personal opinions and should not be considered as an automatic recommendation to perform any trade on the basis thereof. Responsibility for performance of trading positions is only by the trader.
Successfully,
Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer
