Chart Chat for August 2nd, 2015

Below is the Chart Chat video Jack and I just recorded? for August 2nd. This session was a little longer than expected as we took questions and did a few extra charts. We covered Indexes, Bonds, Currencies, Energies, Precious Metals and during the Q&A session we covered AUD/USD, JNK, HYG, DAX, NKD, and Cocoa. I cut out the Q&A session to reduce the space/upload time. If you attended live, you got to see the entire Q&A session which was great. Good questions which Jack and I appreciate.

Please don’t forget to sign up for next Sunday, August 9th here at this link: https://attendee.gotowebinar.com/rt/3613136314343451905

Please make sure the HD button is on and you maximize the screen for best viewing. The HD version should be done 20 minutes after this post goes up. Until then, this is the SD version. You may wish to wait for the HD version for best viewing.

Good luck this week. 🙂

About the Author

Stan Nabozny
Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics . Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

20 thoughts on “Chart Chat for August 2nd, 2015

  1. djd1968 - August 3, 2015 at 6:18 pm

    Great video Stan and Jack – thanks for the work you do. I agree with the format you currently have, keep it tailored to traders with experience.

  2. John Francis (@d333gs) - August 3, 2015 at 3:13 pm

    Things are flat but starting to get agitated!!!!!!!! This last hour could be interesting

  3. Frank - August 3, 2015 at 2:41 pm

    Thanks again for a great video. Keep up the great work and best of luck in your trading this week!

  4. John Francis (@d333gs) - August 3, 2015 at 11:06 am

    I’ll add my “Great stuff guys ” I really look forward to all your posts & videos !

  5. Dominic - August 3, 2015 at 6:56 am

    Hi guys, thanks for the webinar and video much appreciated! Stan u mention cycle charts which software do u use ? Thanks Dom

    • stannabozny - August 3, 2015 at 11:14 am

      u can use cycle brackets too, I still do – software saves me valuable time

  6. robw - August 3, 2015 at 4:47 am

    Another great session, thank you. Last week (July 26) you mentioned a possible great set up for the Aussie. I caught the brief update on the Aussie this week but was wondering if you still see the possibility of a new low followed by a significant bounce.

    • stannabozny - August 3, 2015 at 11:12 am

      Aussie sud see a bounce first before it sees the final low. setting up a flat, early still. Bounce looking for 7382 to the monthly pivot 7424 and trend line (wedge resistance) then lower to a new low. new low likely will see 7110-7066 as first target area. A break of 7489 invalidates the structure and the low is in.

      A turn in th aussie should be timed well with the expected low coming in Oil

  7. Antonio - August 3, 2015 at 3:46 am

    Excellent stuff as usual. You mention Themudo DAX on the final part but I guess you cut out the chart for time sake. What is your take on it?

    • Antonio - August 3, 2015 at 3:47 am

      Typing error “the DAX” not Themudo

      • shjackcharts - August 3, 2015 at 4:47 am

        It’s a longer term view. I need to work up the shorter term charts and then I’ll do a post tomorrow.

      • stannabozny - August 3, 2015 at 11:05 am

        DAX currently above the middle bolliger band – daily and above monthly pivot so short term these areas are support and expecting short term higher but am not expecting a bounce higher than 11802, watch 11400ish for resistnance . When resistance is found then lower to 10064ish. Lets see structure before saying more

  8. gerkom - August 2, 2015 at 10:48 pm

    Thanks. Have a great week everyone.

  9. John Donovan - August 2, 2015 at 8:22 pm

    Appreciate the offer very much. IMO – Q&A live will be a bore for most as many people don’t know how to properly frame a question or design one of high value. Also, for the regular part of video, if you went swiftly and deliberately, and kept it to 30 minutes each week, you would get more viewers, not less. Alternatively, each topic would be its own video. ie not everyone trades currencies.

    • shjackcharts - August 2, 2015 at 8:26 pm

      This is something we are thinking about, but we’re still shaking down the format.

      Equally what we could do is split the webinar into sections and post the sections separately.

      The more complex the delivery becomes though, the harder it is to get everything up on Sunday night.

    • park627 - August 2, 2015 at 9:20 pm

      I agree with john. I like this site so far because because of the information that is useful investor or trader with some experience versus a complete novice. You can’t be everything to everyone.

      • stannabozny - August 3, 2015 at 10:59 am

        that is our intent – keep it simple, for traders with experience

  10. falconized - August 2, 2015 at 8:21 pm

    Thank you, gentlemen…and a good week to you, as well!