Tag: patterns

 

GUPPY PERSPECTIVE ON AUDNZD

The perspective on AUDNZD below, gives a picture of a trend breakout to the upside on daily chart. Spikes in or through the slow EMAs (in red) have been rejected. The screenshot below speculates on what may happen. The SYP applies.

GUPPY PERSPECTIVE ON EURUSD

The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on EURUSD below, gives a picture of a trend breakout to the downside. Spikes in or through the slow EMAs (in red) have been rejected. See two snapshots below. The screenshot below speculates on what may happen. The SYP applies.What happened next a few hours later:

Finding entry stop-loss points using Guppy.

The Guppy system uses a concept called the Count Back Line (CBL), in order to find a reasonable stop-loss when deciding to enter a trade. A word of caution: the CBL only assists in certain ways below. Selecting a trade under the Guppy system involves SIX tests of which CBL is just one part. Those tests will be outlined In another post. Simply this is about counting back three candles from the apparent break inRead More

The GAP strategy – £1800/hr!

The gap strategy is about profiting from panic in the markets. It takes some careful study. It can work on any instrument representing major indices (eg GER30, US30) At the outset I should say that this is one strategy that should be practised carefully on demo accounts repeatedly to see what happens. For sure you will lose many times – and keep in mind that losing is about 60% of this business – that’s theRead More

Stalking EURUSD and AUDNZD

The following two charts show some interesting areas of resistance. I’ve already shorted these pairs. This does not mean that anyone should do similar. Optimal entry positions are very time specific – ever swung at and missed a ball when playing tennis, or shuttlecock at badminton? It’s that sort of thing. EURUSD has no one correct trendline. Having broken from the trendline shown (which I think is reasonable) and shot above, price has come intoRead 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

TIFFANY and LANNETT in the scope

Tiffany is at an interesting position. The gurus hold mixed views on whether Tiffany will rise or fall. Of course, listening too much to gurus is not part of this business. It’s about acceptable loss and risk management. [Updated: see out come on Tiffany below, after this was posted.] Price on Tiffany has been moving up and down but overall sideways in the last few days. It’s definitely down today before the earnings release ofRead More

Profit from panic?

The chart below is most interesting and amusing. Clearly a bunch of people thought that this stock was gonna collapse so they put in orders to sell at the earnings release. They got it wrong. Read on. The one hour chart shows the madness better. But why did price decide to rise at the bottom of that big green candle? The 4h chart tells why. Remember this stuff is happening in America (mostly) – whereRead More