Articles for tag: spreadbetting, indicators, analysis

SniperElite

GUPPY PERSPECTIVE ON COSTCO

The Guppy system of analysis is one of the most logical and transparent that I’ve come across. The perspective on COSTCO below, gives a picture of a trend breakout to the downside, with a recent spike on the daily chart. The screenshot below speculates on what may happen.

SniperElite

Finding entry stop-loss points using Guppy.

The Guppy system uses a concept called the Count Back Line (CBL), in order to find a reasonable stop-loss when deciding to enter a trade. A word of caution: the CBL only assists in certain ways below. Selecting a trade under the Guppy system involves SIX tests of which CBL is just one part. Those ...

SniperElite

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 ...

SniperElite

Stalking NZDUSD

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. ...

SniperElite

Stalking the S&P 500

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 ...

SniperElite

Rethinking indicators

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, ...

SniperElite

Support and Resistance

Support and resistance are absolutely important concepts for all traders. Supporting what – and resisting what  – are the questions that most new traders ask in their own minds. The easiest way to imagine ‘support’ is by reference to physical analogies. Forget about charts and trading for a moment. Have you ever needed a loan ...

SniperElite

The market sniper-elite–videos

Francis Hunt (aka the ‘the market sniper’) is in a series of excellent video interviews on YouTube. Don’t miss this. This is absolutely golden stuff for all new traders – and even experienced traders. Time spent on this could be worth millions!! The full series is here. He talks about his interests and sports etc.how ...

SniperElite

How Technical Indicators can fail

Most noob traders get over excited about technical analysis. They spend much time working out how they work and trying them out. However, the story is the same for most experienced traders: they tend not to rely heavily on technical indicators; relying more on knowledge, skill and experience. No – that’s not intuition. That’s not ...