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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 ...
We may take it for granted that it’s all about ‘demand and supply’ which determines stock prices. Then I asked myself a few more questions like, “How does that actually work?” – I realised that I didn’t really know. I mean, who sets the price? How is it set? Does the organisation which the share ...
ULTA is a powerful stock – very similar to Disney. ULTA has been disrespecting Wall Street for some time and even recently. [Missed opportunity for a snipe in second pic below – learning from this. The first annotation shows that a snipe was possible. The difficulty was locating the opportunity. The second pic shows how ...
Disney was a learning lesson for me. I lost going long at the Earnings Release – limited of course by my stop-loss. This analysis is about learning lessons – and about a possible opportunity to go long again (subject as always to the SYP). In summary: 1. Disney being a strong performer had always jumped ...
The following is my personal mantra. It lives on my desktop. It is updated on my desktop as necessary. Others may modify to suit their individual needs, as this is not prescriptive. READ AND REPEAT THIS A FEW TIMES PER WEEK. Whilst all of the following may seem very simple and logical, they represent all of ...
This is the latest ER strategy update. As mentioned previously (here and here), I’m honing this as I discover more. The main modifications in this release are: That the Relative Strength Index should be carefully assessed. The FOA system – Find, Observe, Assess – makes it more structured. Of course there is never as clear ...
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 ...
The relative strength index (RSI) is an indicator used in what’s called ‘technical analysis’. As with most things you read it, you see it, you play with it, and you think you understand it. But for me – as happened recently – the power of the concept suddenly came home in live trading. My eyes ...
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.
I’ve been thinking much more about strategy and planning. I’m appreciating even more how the fruits to be had from this approach. This hit home really well when on Friday 25th July 2015, I achieved a good profit on some trades, shown below. On reflection what I did very differently was to select Athenahealth carefully ...
SniperElite
