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Trade Trends with Bollonger Bands and Twiggs Money Flow

ANZ_AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Chart Forum » Stocks - ASX: short term (strictly TA) » ANZ_AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

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tryhay
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Username: tryhay

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Monday, February 15, 2016 - 06:31 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Did a search of forum and could not see ANZ listed in Short or Long Term forum section (lots of discussion on the Hilarius' Hall Of Fame - but I find the narrative [FWIW] gets lost in the volume of posts there).

I mentioned couple of weeks ago that I thought banks would bounce from the drubbing they have received recently, and it finally looks like ANZ has made a bottom and is ready to pop higher.

Daily chart: Price action dropped out of the channel and may be forming a falling wedge with MACD & other indicator divergence.

ad

Attempting to buy in tomorrow am for pop to top of channel


Happy trading DYOR


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tryhay
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Monday, February 22, 2016 - 06:00 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



If ANZ back-tests the breakout then I think I'll top up for the expected ride higher.

Daily chart: Nice breakout with indicator divergence but looking like pull back is on the cards.

ad







Happy trading DYOR


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tryhay
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Wednesday, March 02, 2016 - 04:10 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Looks like the ANZ swing higher has commenced: nice volume on this gap up, maybe $28 is on the cards.

Daily chart: Looks to have formed a double bottom (with Feb low)...

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Happy trading DYOR


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tryhay
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Sunday, March 06, 2016 - 08:28 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



PA might strike some resistance around here: selling one tranche if there, is but expecting much higher prices ....

Daily chart:

ad


Happy trading DYOR


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tryhay
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ANZ looks to be on the next leg up...

Daily chart: Indicators still on the +ve side


ad


Happy trading DYOR


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tryhay
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Tuesday, March 29, 2016 - 09:20 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well a bad news event has impacted price action (of all banks & XXJ): sold one ANZ tranche and stop loss for last tranche moved to 61% fib

ANZ Daily chart: wild price swing but still could pop higher...

anz d

XLF 2 Hour chart: Looks suspiciously like a bear flag action here


xd


Happy trading DYOR


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tryhay
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Thursday, March 31, 2016 - 08:14 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ANZ filled the gap today so it can be expected to pop back up to new highs IMO.

Daily chart: Inordinate amount of volatility recently - here is hoping the market can finally decide on one direction and stick to it for more than a week or two!

ad

I did not trust CBA (as it didn't fill its gap) - but when I looked at its PA in the afternoon it was off and running.


Happy trading DYOR


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benson
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Thursday, March 31, 2016 - 09:51 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ANZ - Closed in the green for the first time in 8 trading days.

Looking at the daily MACD ... probably some more red days are on the way.

ANZ  -  Daily



Medium-long term trend looks bearish

ANZ  -  Monthly


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tryhay
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Wednesday, April 13, 2016 - 07:15 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Benson,

A good assessment of ANZ price action: no gap support and bouncing off a slightly higher low now. I still expect a short covering rally here to ~$27.

Daily chart: Negative divergence on the MACD looks reassuring.

ad

stopped out previously & plan on buy on any weakness....


Happy trading DYOR


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benson
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Wednesday, April 13, 2016 - 08:47 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hey Tryhay

I'm watching closely - tomorrow might be the day to jump on.


Is your estimated peak rally ~$27 based on approx 120% fib from the most recent High/Low (18 March/ 8 April) ?


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shadetreetrader
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Be careful guys, you're talking about trading against the long term trend, too risky for me.

ANZ 130416


My posts should not be taken as stock recommendations or advice.

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tryhay
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Thursday, April 14, 2016 - 11:03 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi STT,

Thank you for your post (reality check). The NUF trade (Nov last year) comes to mind; however what is reassuring about this ANZ trade is I know where the stop loss should be, the daily MACD is primed for a swing higher, & the high probability of Short Covering rally to occur (PA likely to move long way in short time). What has been frustrating with ANZ lately is that the downtrend leg has tested the low/s more than I had expected.....

Daily chart: more focused view


ad

holding


Happy trading DYOR


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shadetreetrader
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Thursday, April 14, 2016 - 11:35 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well watch out out for rips and sharks and keep your speedos on, Warren is watching


My posts should not be taken as stock recommendations or advice.

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tryhay
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Haven't seen any sharks, and PA still generally headed higher!

Daily chart: Presently dealing with resistance, expecting at least $26.50, but hoping for more.

ad


Happy trading DYOR


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tryhay
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Monday, May 02, 2016 - 11:36 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well what sloppie PA exhibited by ANZ recently: seems to be making higher lows and HH (watching $23.76 closely - see it opened lower today!).

Daily chart is still somewhat positive - like watching water boil ....

ad

On a related matter, I saw Archer (posting on CBA thread) was looking to short two banks last week.

CBA was a good candidate, and I see WBC gaped down this-morning also - kudos to you archer! Trusting that ANZ doesn't pick up any bad habits from them.


Happy trading DYOR


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tryhay
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Monday, May 02, 2016 - 12:18 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Stopped out on position - too much work for too little return!

Banks are being "taken to the woodshed"

mark


Happy trading DYOR


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tryhay
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Tuesday, May 03, 2016 - 10:25 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This is getting monotonous, but today's candle is too hard to resist: plan to place a buy above current candle for potential ride to ~$28. What bugs me with recent trading of ANZ is there has been an alternative trade to drop much lower but I think it is worth another try as any rally should be strong and quick!

I'm not bothering with other banks as they each have been whipsawing all over the place and so would take too much time & emotional energy to manage those trades as well at other stuff.

ANZ Daily: Looks wild but the 4 hour Ichi chart is supportive + daily ichi is OK too


ad

(Message edited by tryhay on May 03, 2016)


Happy trading DYOR


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benson
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Tuesday, May 03, 2016 - 11:04 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



I had a wonderful day today... Can't say a bad thing at all against 2 of the big four


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benson
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Tuesday, May 10, 2016 - 08:00 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Took a holding in my SF today.

Daily,weekly and monthly charts suggest price in the 'value zone'. Stochs in D/W/M all look positive.

(holding)



.



.




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shadetreetrader
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Tuesday, May 10, 2016 - 09:49 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



That's interesting what you did with the Fibonacci, I can't recall seeing that extension above the 100% before, and well done on posting your entry on the day you did it.


My posts should not be taken as stock recommendations or advice.

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benson
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Hey STT, maybe it's wishful/optimistic thinking using anything over 100% : )


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tryhay
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Sunday, July 17, 2016 - 12:14 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



What an ulcer department trading ANZ has been recently: so much whipsawing with no clear direction available.

The weekly chart suggests that it may well be bottoming out and is ready to perform - have only maintained a toy position but tempted to top up if it breaks through $26 (perhaps the 200 D_MA [green trace - is 50% fib level of downtrend] will be the target then).....

FWIW PA is above the channel, MAs below PA, MACD curl etc...


weekly







Happy trading DYOR


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tryhay
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Wednesday, February 22, 2017 - 07:06 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Well ANZ has achieved the 'target' suggested at the start of this thread (without me on board).

All things being equal rising interest rates in the US should be good for banks; I am not sure that the ANZ chart (or our banking index' for that matter) look like they can keep grinding higher.

Weekly ANZ chart may be forming double top with some divergence on indicators. The daily detail shows that price action is all over the shop!

Weekly

Daily XLF chart may keep going higher but the recent candlesticks look undecided... Not short yet but on the watch list

xlf


Happy trading DYOR

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