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Bitcoin: Investor, trader, gambler or idiot?

In the last few months we’ve received inquiries from several about Bitcoin and various similar things, often referred to as cryptocurrencies. In essence many of these folk are the ones who missed out on making millions by not buying a few Bitcoin when it was dirt cheap. Now, they don’t want to make the same mistake so are looking around for a second chance. You can’t blame them of course – if the missed opportunityRead More

Blood bath on Wall Street?

For those who have been watching the US30 or the SPY or the DJI, there is some crazy stuff going on. The on the night of the Trump victory, the bears mauled the bulls – as you can see on chart below. The bulls rebelled within hours. The market rallied to a new high. But all is not well for the bulls. This could turn out to be a blood bath! I’m not predicting anything.Read More

Stalking GBPJPY and AUDUSD.

The chart with annotations below shows some interesting possibilities. Price may or may not reach the striking zone in the charts below. They don’t mind if the prey escapes and moves on for a while; they’ll catch um another time!!  Good snipers wait in the ‘bush’, stalking their prey for a high probability ‘kill’ conditions. Snipers know that there is a chance that they can miss, that’s why they wait on optimal conditions. How itRead More

Fractals – another arrow for your bow.

Fractal indicators are interesting and add to your tool box. When and how they’re used is entirely up to each individual trader. This post is not to say that ‘they’re good or the best’ or anything like that. When you study your ‘prey’ you may decide that you need certain types of ammunition and equipment for the ‘kill’. You are the boss of you, so you decide what you’ll use and how you’ll use yourRead More

Using Trello for tracking and learning

Trello is an online information management system. Most ordinary people use Trello to manage to-do lists, manage projects and collaborate ideas. I’ve been using Trello in the last few weeks to track many opportunities, stalk a few, document my experience, and learn from mistakes or successes. Trello can easily upload images created in Tradingview or annotated screenshots created on my computer. The screenshot below shows my current Trello board configuration, for all the above. OfRead More

Possible snipe on Expedia

The annotated chart (clickable to enlarge) below gives the analysis. This is note meant as a tip. The SYP applies if you lose your money. Update: Successful snipe – results are on the last image below.         

Stalking Skyworks Solutions Inc

Skyworks is a uniquely strong equity. Overall the indications are that there is probably going to be a bounce up on the Earnings Release on 23rd July 2015. This is not a trading tip. If you play this and lose real money, you do as we always say – ‘Sue yourself’.  

Stalking Micron Technology

The following chart shows an interesting setup approaching tomorrow (25th June 2015) for Micron’s earnings release (ER). This is not a complete analysis and anybody making a decision to bet on this, going long or short with real money. does so entirely at their own risk. Ignore most of the wavy lines. The important things are price movements and contrasting the current situation with the historical. Whilst a majority of analysts have high bullish expectationsRead More

Trading with Guppy

When you say ‘Guppy’, most people think of the fish. So, I’ve put up an image of the fish – but this has more to do with ‘fishing’ than with fish. Very strange indeed. I have to admit I saw his system many months ago and at that time when I saw ‘Guppy trading’, I simply thought it was some nonsense about some fish and ignored it. Oh well – that’s bad. I should haveRead 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