Year: 2015

 

Honing my strategies [ER strategy updated]

It’s taking some time but I’m observing what I do and what I ought to do be doing more. Strategies are things in evolution. I’m still preoccupied with Earnings Releases (ER) because it is one time when share price can jump even when Wall Street or the DAX (GER30) are generally down. As mentioned in earlier posts, there is an effect of the stock indices on consumer confidence in buying shares (and I remind allRead More

Stalking CADNOK

CADNOK is an exotic currency pair. It’s approaching an interesting level at the moment. The chart below shows some possible projections. Just to be clear, if price falls where I think it could, that doesn’t mean I’ll simply enter long. The 4H charts on CADNOK tend to show a pattern to bounce when prices goes rapidly from upper to lower band of the 2SD Bollinger bands.

The ‘fishing net’ idea

I’ve referred to this in passing, so I thought I’d define it more clearly. The ‘fishing net’ is a term used analogously to a real fishing net. When a fisherman goes out to sea his net may be of a certain type. He doesn’t expect to catch every fish. Different mesh sizes means that he’ll catch fish only over a certain size. In trading terms I’m setting up my strategies to do similar. Like theRead More

Stalking NZDUSD

This weekly chart below shows how I’m stalking the NZDUSD pair. I’ve set up alerts on Tradingview to tell me if/when price falls below 20 on the RSI. If that happens I’ll then make an assessment on whether I enter a trade. A lot of people out there have already gone long on this pair. A lot of people often get it wrong. I could see why they might go long – and they couldRead More

Stalking the S&P 500

The most important thing about this instrument below is the blue trendline. Leave off all the rest, if you wish. Looking closer at the more recent index value (in the red circle), it’s easy to see that it’s approaching the trendline again. Of course it may never hit the trendline – and the other possibility is that it could bust through it and head very south! However, the evidence on the chart is that evenRead More

Winning more on demos?

There’s a curious situation that can arise where, you begin winning more on demo accounts than on live accounts, and it has been bugging me. The screenshot below is from my demo account and it should be obvious why this is bugging me. BTW I’m not just talking about the sums of money won – I’m also talking about overall profits. But before I forget, it’s important to recognise that when you begin wining onRead More

Stalking ADOBE

Ignore most of the wavy lines on the chart below (click to get larger view). Importantly, most of the time following an earnings release on ADOBE, price has jumped. And that pattern is just about right for an earnings release (ER) play. Price doesn’t have to stay up – remember the ideas is to take the money and run like a thief in thuh night!! LOL. The earnings release is on 16th June 2015. I’veRead More

COSTAR UPDATE

Look at COSTAR in immediate chart below. See: Stalking COSTAR – again. 4H chart below Compare with COSTAR at 2015-05-20 (below).

IN THE SCOPE – UNITED NATURAL

It’s easy to spot a trendline on the weekly chart below of United Natural. Of course, no instrument is obliged to follow a trendline! This may not be an ideal one but I put it in the scope for the value of experience only. Analysis on the daily charts for this one shows that price tends to fall at earnings releases. So, this is not an Earnings Release play. Favourable features: 1. Fairly undersold onRead More

Indecent proposal

I’m very much a student of human nature. That often leads me to conversations with people on all sorts of things. My story today is motivated by a few things this week. Firstly I had yet another brief conversation with a taxi driver. He took me from home to my local train station. I was on my way into London from where I’m writing this – in a hotel room. I’m working in London thisRead More