The legendary World War One fighter ace Baron Manfred Von Richtofen was asked before his death what the job of a fighter pilot was. It is reputed that Richtofen replied, “The job of a fighter pilot is to find his enemy and kill him, all else is superfluous”. Initially, it would seem that the comparison…
The chart below is of NY Cocoa using a 4-hour time frame. It gives a good example of why we wait. Traders moved in on the large bearish candle that took price to that boundary of support only to have the price churn at support for the next…
Whenever there is an outbreak of violence in the Middle East traders thoughts naturally turn to what will happen with oil. Unfortunately the narrative they generate is clouded by very simplistic assumptions that don’t reflect the reality of trading a commodity such as oil.
There are too many lessons in this little tale to unpack in a short space of time. However, when I read this piece for the first time, I was reminded of the role of luck. When vast numbers of traders read these, they will ask the question, “Why hasn’t their account done this?” The answer…
Whenever I talk to people about what a trading system is and what its function is they are often confused by my view. My view is that a trading system is designed to keep you ut of suboptimal positions not necessarily find you massive winners. As an explanation consider the table below which appeared on…
One more time for those at that back and hard of hearing. This is a repeat of something I have spoken about innumerable times in the past, but it is worth repeating because it is so important. If you ever have dealings with a financial planner or fund manager, they will show you a graph…
I have a friend whose son has just started work here. I have serious screen envy – I must lift my game.
These are not the magnificent seven you might be thinking of; rather, I look at what the seven largest lithium stocks in the world are telling us.
There was a time not long ago when the possibility of a major conflict in the Middle East would have caused energy markets to light up like a Christmas tree. Not any more.
Have you ever wondered what you should focus on as a trader and what aspects are overrated?
The constantly evolving nature of markets makes them trade generating factories for those who can spot the change as it is occurring. However, spotting change is harder than it would seem if you rely upon the wrong basis for comparison and don’t understand that markets are also quite nuanced.
In this video I outlined a trade idea for MIN. The charts below confirm my short-term trigger. Short interest remains high at 12.48%.
Whilst sitting in my local having my usual toast and vegemite following training I was listening to a podcast that touched on the fact that in the UK a huge number of people who might be entitled to government benefits didn’t apply for them. Recognising that people might not be aware of these benefits the…
Not all ETFs are created equal – a fact financial planners don’t seem to understand. The table below highlights the profound differences in liquidity among ASX listed ETF’s.
The ASX-listed stock is currently catching the eye of shortsellers. This is my look at how I would handle the current situation.
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