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. ...
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 ...
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 ...
The chart below is most interesting and amusing. Clearly a bunch of people thought that this stock was gonna collapse so they put in orders to sell at the earnings release. They got it wrong. Read on. The one hour chart shows the madness better. But why did price decide to rise at the bottom ...
The chart below shows a very observable pattern to COSTAR. It is doubtless a channel. The first thing that will come to mind is that, “It’s purely by chance.. there’s no reason why this is happening”. We may not be able to see the reason, but the pattern is undeniable. Amazingly this does not only ...
The following are a few candidate snipes on my radar. There are several different ways to play these. The sue-yourself principle applies.
SniperElite
