Where financial traders gather
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 ...
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 ...
This strategy updates that of February 2015. The important change is about assessing whether an equity responds to the DAX (GER30) or Wall Street (US30). This became important from lessons learned with Mallinkrodt in Respect the Indices. The SYP principle applies as always. Another change is looking at the Williams Vix Fix – this is ...
Many an expert trader will say something like ‘I rely mostly on price action, not indicators. Most indicators are useless and confusing.’ – which automatically brings up the question, “Which indicators are useful?”. But there are deeper issues. What is ‘price action’? Investopedia says, “Quite literally, price action is everything that a security’s price does, ...
It’s been puzzling me for some time why some seemingly good shares don’t rebound or don’t rebound well. I think I’ve solved part of the puzzle. The charts below show the influence of the German DAX (Germany 30). Of course the influence is not direct or always consistent. Wall Street also has major influence (and ...
The scenario below is only relevant to: Where your target has not been met. When your target has been exceeded. Yes – trailing stops do help – and you can leave a trailing stop to make the decision, which would be ‘your decision’. But the point of this is to say that positive equity hides ...
The following are a few candidate snipes on my radar. There are several different ways to play these. The sue-yourself principle applies.