Top 10 image

10 Traits of top traders

Being a successful trader is not limited to one personality type – traders come from all walks of life with hugely varying backgrounds. The old stereotype of city traders has been challenged in recent years. It is no longer associated with brash, loud and laddish behaviour. With the creation of the internet, and ever increasing […]

Continue Reading 0
52 week high

CSX testing resistance

CSX has been on our recent bullish watchlist and today seems to be testing resistance. With the recent better than expected earnings, a gap up today, an uptrend already in place and with price dealing above all the major moving averages, this looks to be setting up for a buy. Price is also making fresh […]

Continue Reading 0
breaking resistancer

Breaking out of resistance

Market Perform at Wells Fargo recently upgraded LB to outperform last week. Price has bounced off the 50 day MA and yesterday broke out of resistance. At present price is just below the figure 70 which might offer resistance but with the overall trend up on the monthly weekly and daily, we are looking for […]

Continue Reading 0
standing aside

Standing aside on MAR

MAR has been a good trade for us this year but our stops were hit and the complete trade exited as price started to decline after the big up trend. Price has broken out of the channel indicating near term strength but the next resistance is at the 50 MA on the daily chart which […]

Continue Reading 0
Robot on trading floor

A robust strategy versus a robot strategy

There are several options open to new traders looking for a route into trading. They can sign-up for a robot system, they can teach themselves through trial-and-error, or they can learn from more experienced traders. Robot Strategies Robot strategies come by many names: black box, algorithmic, or copy trading to name a few. The one […]

Continue Reading 0

Declining stocks

Although we are not shorting stocks just yet, the following stocks have declined more than 50% from the highs of earlier this year (while the markets were mainly bullish). We are standing aside from the market until we have a new sense of direction and once Earnings season is over. AVP, CIE, CLF, CREE, DDD, FEYE, […]

Continue Reading 0
Chart is consolidation in an uptrend

The Catch-22 of catching a trade

It’s many years since I read the book ‘Catch-22’ by Joseph Heller but the phrase has been in popular use since it was published more than 50 years ago. Clearly, I am not referring to you having to be crazy to be a trader but more to the paradoxical dilemmas we are often faced with in […]

Continue Reading
Experian trending down

High probability opportunity

We tend to trade mainly US stocks but on occasions UK stocks offer a good high probability opportunity. Our last high probability opportunity was Tesco (TSCO-Lon) which has played out very well with multiple positions since the break of support. Yesterday price has experienced a slight pullback but nothing out of the ordinary. Today we […]

Continue Reading