Where financial traders gather
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 ...
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. ...
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 ...
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 – ...
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 ...
Look at COSTAR in immediate chart below. See: Stalking COSTAR – again. 4H chart below Compare with COSTAR at 2015-05-20 (below).
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 ...
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 ...
Last night one of our small and developing team spotted COSTCO as a possible snipe. Earnings releases were on the NASDAQ (unfortunately not showing on Tradingview). Having assessed it we entered long. The trade is still running and it’s looking good. My stop-loss has been moved to zero-loss position – so I can’t lose!! Learning ...
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 ...
SniperElite
