Market analysis and trading signals for the week
19/10/2020 – 23/10/2020
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for 2019 Memorial Day Holiday Schedule . Details here.
* Attention – we start trade on December 2020 contracts. Symbol: ESZ0, NQZ0, YMZ0, RTYZ0, etc.
The market opened this week with a strong rise towards the highest of all time and it seems for a moment that it may set a new record. But from Tuesday it went back down when it finally closed around the previous week’s close, a total of 11 points lower than last week’s close at 3462.25 points.
Weekly support lines:
Support line: 3425.00?
Support line: 3327.25! – 3297.00
Support line: 3191.25
Support line: 3107.25
Resistance lines on a weekly level:
Resistance line: 3525.75!
Resistance line: 3577.50!
Resistance line: 3675.00!
The ATR20 shows a movement of 66.97 points, down 2 points from last week’s volatility.
Daily fluctuation declines are rising and daily fluctuations are decreasing. Remember, the multi-year average of the contract is 22 pts.
* Weekly Tip – What is your strategy in capital market trading?
When you say strategy, you mean the way you do it.
And it includes your entire approach to action in this professional area of trading.
Are you an investor or a trader? Maybe both.
What derivative are you trading on? Stocks, currencies, commodities.
Are you a technical analyst who scans thousands of possible assets or focuses on one asset?
Whatever your trading strategy, the capital market, in its volatility, allows you to make lots of money at any moment.
We as small traders need to decide what is the best way that will allow for us, to earn a small portion of the amounts that are transferred from hand to hand at any given moment.
On a personal level I prefer to specialize in one thing. I realized I could not be good at everything. You have to be focused to be a successful trader.
Also, when I traded stocks and tried, with the help of scanning and stock analysis software, to get the best stocks every day, without knowing the companies themselves, I found myself sitting for hours every day and finally making meager profits.
Despite over 15 years of experience in trading, I still define myself as a cowardly and impatient trader.
Therefore, I prefer to trade according to a strategy that requires a minimum of sitting time in front of the computer and a minimum of scanning and preparing for the search for opportunities that the market provides.
Allowing me to specialize in one thing and the ability to sit at any time I like and take the bites off the market.
For me, to be a successful trader, you have to trade according to simple rules, understand how the asset you are trading moves on, where and how to manage risks and set stops and additional protections and most importantly, know first and foremost not to lose.
The profits will already come by themselves.
Wishing health, happiness and success to all of us.
Great week friends,
Which group of people do you want to belong to?
This week the market opened with momentum up to the highest direction of all time and it seems for a moment that it wants to create a new record.
But from Tuesday he went back down all week while checking the breakout price at 3425.00 pts and braked as momentary support.
Last Friday the market tried to rise again, and at one point, in the last hour of the trading week, the market quickly collapsed and stopped in the lower area of the weekly trading.
This week, if the market opens with the continuation of the decline on Friday and falls below the price of 3425 points and shuffles below this price, we will probably see further declines towards the price of 3300 points.
If optimism takes over the traders, another attempt will be seen to cross the 3525 price towards the all-time high price of 3587.00 pts.
Pay attention to your leveraging and take full advantage of the possibility of trading micro-contracts.
It is recommended to trade in demo these days for small trading account owners and inexperienced with real money.
* Trade in the trend:
Buy when there is a valid approval for stocastic and DMI and the market reaches a price level of 3191.25 points to a price level of 3297.00 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 3587.00 points to a price level of 3500.00 points.
Entry 1 Long Contract at 3425.00! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3327.25! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3191.25 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 3500.00 points, exit 1 contract at 3400.00 points, exit 1 contract at 3297.00 points, at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 3525.00! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 3587.00! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 3481.00 points, exit 1 contract at 3525.00 points, at the end of a trend or toward the end of the day.
* 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.
Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer