Where financial traders gather
Those who were watching Pound Sterling, would have seen some excitement recently. The Prime Minister, Theresa May, called a snap election on 8th June 2017. This caused the fainthearted to dump GBP for about 15 – 30 minutes. Snipers knew this was just a short high breeze. Then GBP rose like a phoenix for the ...
Gaps are traditionally taken by new traders and some gurus, to mean that price will continue on balance, in the direction of the gap. In financial trading that is only true some of the time. Even if it is true, say 55% of the time, what does it mean for new traders? Nothing! Why? Because ...
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Good snipers wait in the bush – they watch their prey very carefully. They take their shot when conditions are right. Every sniper knows that s/he may miss their target. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make ...
I’ve been stalking NZDCAD for some time. It is a most interesting and challenging currency pair. In August I was stalking NZDCAD for a short. At that time there was a weekly zone of resistance. Now here at the end of November, the picture has changed. Sound traders shift their mindsets as new information emerges. I’m ...
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 ...
Perspective is everything if you’re a day trader. You may know you’re in a winning situation from what’s happening on the charts. But what lies lurking for you? How can you spot the traps? It’s simple but not easy: change your perspective. The following composite graphic shows how a failure to change perspective could have ...
AUDUSD is at this time at a potentially critical point. The charts will need much further study. This is not a recommendation to take a position. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. ...
For some time I’ve been looking at trend lines. It has been noticeable that not all trends are simple. Complex trends may have minor trends within them as in the example below. Why is this important? It’s about how or when you enter a trend. Trend lines are fascinating when you watch them over a ...
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. ...
