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JSE ALSI setting itself for downside to 67,985 due to the bad RInverse Cup and Handle has formed on the JSE ALSI 40. We need the price to break below the brim level and all hell will break loose. MA 21>7 RSI < 50 Target 67,985 FUNDAMENTALS. The rand is majorly in trouble, R19.80 to the US Dollar and R23.90 to the pound. Is this because of load shedding. Is this because people are leaving the country due to the inefficiencies of the government. Is this because of the world markets coming down? Or is it a combination of all. Whatever it is, we are seeing downside to come.
JSE:J200Short
by Timonrosso
4 Ways to STOP Impulse TradingHow do I STOP Impulse Trading? Just a reminder. An impulse trader is one who makes quick, irrational decisions to take a trade (long or short) for some form of immediate satisfaction it may bring in the short run. Impulse trading might occasionally work. But it's risky and can damage your trading confidence and psychology in the long run. That’s because when you win, you’ll take more impulse trades that go against your strategy. But then the winning streak will end and the losing streak will come. And that’s where you’ll blow your portfolio eventually. So, to help you overcome impulse trading, I suggest these three solutions: Solution #1: Take a break When you feel the urge to make an impulsive trade, step away from your computer for an hour. Use the time to go cook a meal, go for a walk, or do something else that helps you relax. Then when you’re feeling more relaxed and in tune, you can come back to trade the markets with a refreshed, rational mindset to see what has or is lining up. Solution #2: Reflect on your trading history Review your trading track record. It is your game plan. It shows you the potential of what is to come. And it allows you to look at your past data and trend of your portfolio. Consider the gains and losses you've experienced and remind yourself of why it is super important to stick to your trading strategy. This alone should help you resist impulsive trades. Solution #3: Set specific conditions for impulse trading If you still struggle to control your impulsive trading instincts, then this might be the best idea. Open a separate trading account with disposable funds. This way, you can indulge and take your impulse trades without jeopardizing your primary trading strategy and account. Maybe it’s a R10,000 or even a R50,000 account. Or if you just want to trade for trading sake it, it might be a R5,000 account. Whatever it is. When you feel impulsive, trade using your impulse trading account. And then when it comes to your main account, you’ll be able to follow your specific trading strategy according to your track record. Remember, trading should be approached and seen like running a business, not like playing a slot machine. Keep this in mind, and this should help save your portfolio.
TVC:SA40Education
by Timonrosso
1
Afrimat showing a strong bounce up to R60.00Cup and Handle formed on Afrimat following the downtrend that's been extended since 2022. We then had a break above the Brim Level showing demand and buying was in play. MAs -Mixed RSI>50 But there are higher lows. Target R60.00 SMC: SSL - Order Block This Sell Side Liquidity order Block is most apparent BELOW the entire formation. We can see sweeping of sells over the last month, and the buying into it has cause the price to rocket. Afrimat is looking strong for upside.
JSE:AFTLong
by Timonrosso
MONDI looking great on paper to R330.00W Formation is forming clearly on the daily. We need the price to close above and for the price to open above the breakout level. There are mixed signs with indicators (but this is normal during a change in trend) 7>21 - Bullish Price<200 - Bearish We need the price to move above 200MA to ensure upside to come. RSI>50 - Bullish R330.00 SMC: Below the W Formation, we see strong Sell Side Liquidity Order Blocks. This is where Smart Money has swept the selling from dumb money, bought into it and hence the price has pushed up.
JSE:MNPLong
by Timonrosso
Investec looking strong for upside to R126.66W Formation formed (small but evident). The price has broken above the neckline, showing strong buying and demand. The indicators look good for upside on the peripheral. 7>21 - bullish Price>200MA RSI>50 1st Target R126.66 ABOUT: Investec Limited was founded in 1974 and is headquartered in Johannesburg, South Africa. Investec is a diversified financial services company, offering a range of products and services including asset management, wealth management, and specialist banking. The company operates in three main geographies: South Africa, the United Kingdom, and Australia. Investec has a strong reputation for innovation and has been recognized for its entrepreneurial approach to financial services. In 2020, Investec had a revenue of ZAR 23.3 billion (approximately USD 1.7 billion) and employed over 10,000 people worldwide.
JSE:INLLong
by Timonrosso
TARGET REACHED: Life Health struck our target 1 at R21.34 W Formation formed, we then had some high volatility around the price. Luckily, the stop loss would have been below the pattern. The indicators were all showing bullish signs. 7>21>200 RSI>50 Target struck at R21.34 ABOUT THE COMPANY Life Healthcare Group Holdings Limited was founded in 1983 and is headquartered in Johannesburg, South Africa. Life Healthcare is one of the largest private healthcare providers in South Africa, operating 66 hospitals and healthcare facilities across the country. The company employs over 19,000 people and serves over 4 million patients per year. Life Healthcare provides a wide range of medical services, including acute hospital care, mental health services, renal dialysis, and oncology care. Life Healthcare has a partnership with the South African National Blood Service to support blood donation drives and increase awareness about the importance of blood donation.
JSE:LHCLong
by Timonrosso
TRADE UPDATE: BRAIT Plc great company but still coming downLarge Bear Box Pattern formed and the price broke below. The signs were showing downside to come. But it's been a slow trade. 200 > 21> 7 - Bearish RSI <50 Bearish Target remains at R2.50 ABOUT THE COMPANY Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa. The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services. The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look. The company has a market capitalization of approximately R4.4 billion as of April 2023. Brait's largest shareholder is Christo Wiese, a South African billionaire businessman. Brait's current CEO is John Gnodde, who has been with the company since 2014. In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.
JSE:BATShort
by Timonrosso
4 Ways to ACTION a trade - WHEN TO FIRE!You know that successful trading is… . . . . Patience. You need to wait for the setup, reason, system, lining etc… But then there is the 2% time where you actually ACTION a trade. We action a trade for three reasons. To enter To adjust To get out But we need to talk about these reasons more… Let’s do it., ACTION #1: Trade lines up – JUST TAKE THE TRADE! When your trading signal lines up with your entry, stop loss, take profit, and system: This is the most obvious time to take action. It tells you “HELLO AN OPPORTUNITY HS ARISEN” It is crucial to act quickly and decisively when this happens, as opportunities in the market can disappear just as quickly as they appear. ACTION #2: Adjust your levels – JUST CHANGE THE TRADE There are two levels you can adjust with your trades. Stop loss and Take profit. When the market is moving in your favour, and you have solid rules to move your stop loss in the favour. This is done to lock in minimum gains. For example. When my trade is 1:1 in the money, I might move my stop loss to just above breakeven. This way I have nothing to lose if it turns against me. Then when the market is shooting in your favour, you might want to adjust the take profit. This is because you can see the market wants to move further or… There is a new setup with a new take profit level in place – which happens often with my analyses. Action #3: Execute the time stop loss – JUST GET OUT When an extended period has taken place i.e. 35 days or 7 weeks. You might want to just get out of the boring trade. You are either : • Chowing (eating away at) unnecessary daily costs holding a non performing trade. • A trade setup seems null and void as a new contrary setup as formed. • Or it’s just a plain old opportunity cost where you can put your money in better places. it may be necessary to exit the trade in order to avoid incurring too much in daily fees or missing out on other better opportunities. Action #4: Exit due to unforeseen circumstances- SERIOUSLY JUST GET OUT! For example when a black swan event occurs: A black swan event is a term used to describe a market collapse (10X the standard deviationof its normal price move) that is unexpected and has a significant impact on the market. In the event of a black swan event, it is essential to exit your trade in order to protect your capital and avoid taking a bigger loss than you expected.
TVC:SA40Education
by Timonrosso
Capitec showing strong upside since break in downtrend to R2040Cup and Handle formed on Capitec since it broke above the Downtrend. Now that the price is above the brim level shows strong momentum up. Indicators also confirm upside 7>21 Price<200 but moving back to it's elastic equilibrium level RSI>50 Target R2040.00 ABOUT THE COMPANY Capitec was founded in 2001 and is headquartered in Stellenbosch, South Africa. The bank has over 15 million clients as of 2023, making it the third-largest bank in South Africa by number of customers. Capitec offers a range of banking products, including savings accounts, personal loans, credit cards, and insurance. The bank is known for its simplified and transparent fee structure, which includes low transaction fees and no hidden costs. Capitec uses advanced technology to provide its customers with a seamless and convenient banking experience. The bank has a mobile app that allows customers to manage their accounts, transfer funds, and pay bills.
JSE:CPILong
by Timonrosso
EXPLAINED: A Bullish Fair Value Gap (FVG) - Smart Money ConceptsA Bullish Fair Value Gap is a 3 candle structure with an up impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market. WHAT DO THE IMBALANCES TELL US? These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the imbalance and rebalance. For this to happen we need to see orders filled in the prices of the candle with the FVG. HOW A BULLISH FAIR VALUE GAP IS CONSTRUCTED: 1st Candle Draw a horizontal line from the top of the wick. 3rd Candle Draw a horizontal line from the bottom of the wick 2nd Candle Draw a BOX between the above and below and pull it over to see the FVG range. BETWEEN CANDLE 1 and CANDLE 3: Do NOT show common prices. They do NOT touch where the upper & the lower wicks do NOT overlap. With a Bullish FVG we can expect the market price to move DOWN. HOW MUCH? I believe a Bullish FVG needs to close at least 50%. So you can drag a Gann Box or a Fib retracement (take out all the other levels except 50%). Wait for the price to close and fill the prices and boom - Your Bullish Fair Value Gap has been filled. Let me know if you have any other SMC (Smart Money Concepts) Questions.
JSE:BVTEducation
by Timonrosso
Transaction Capital can go either way but WARNING This was one where people thought I was crazy for choosing a target so low to R26.46. The day it hit, I was I guess not surprised but saddened because the company has so much potential and strong prospects Wake up just one day later and it's down to R13.76. This could be a great buy area where it could rally on back. But as a trader, I need more upside potential with strong momentum. This price could be a rising pennant which could drop down to a new low. However, if the price breaks up it could very well head back up and close the gap. I would be careful with this type of trade and so I'll be a spectator for now.
JSE:TCP
by Timonrosso
6