What if? This simple two word question is a psychological trap that traders often encounter. And it does nothing more than undermine their decision-making process and overall trading performance. This question will open a box of doubts, hypotheticals, and second-guessing. This can paralyze action, distort risk assessment, and divert focus from the present to...
Life Health Care was presenting a simple Head and Shoulders with a usual drop for a short. The price started off well then went to the entry. Wake up and not only did it go past R15.96 target... The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go...
After a long wait once the price broke above the W Formation. Then moved sideways and crossed above with the Cup and Handle. The first target of Hulamin hit at R3.91. The momentum is still strong and on the up. And we can easily see further upside to come. So, the next target with similar momentum will be to R4.40.
If you place the regression channel you'll see Silver has been on an uptrend for the last few months. We have had a Reverse Cup and Handle and the price has been above both 20 and 200MA... So with the Zig Zags, the price will continue to move up until it reaches the first target at around $37.25. Silver is the second type of safe haven that is common for...
It's been a shortish hold for this analysis. The price broke above the CUp and Handle. The price was above the 20 and 200MA stating a High Probability Trade. And just yesterday the bulls pushed it up to the first target at 1,549. I think we will get a bit of consolidation around these levels, but another upside swing is very likely. I'll let you know
With the PLatinum price running up very nicely and setting it's for a rally - JSE PLatinum stocks are looking almost perfect to buy. We have a Cup and Handle with a breakout above and confirmed. We'll need to wait for Monday's Open price to confirm above the Breakout. NATURE: HPT (High Probability Trade) Price>20 Price>200 Target R170.35 Great trade...
Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236. Now we have a new formation in the making - W FOrmation. I do believe we will get some sideways movement to create equilibrium and prepare for the next run up. So as long as the price is above the 20 and 200MA - it's good to go! My...
W Formation has confirmed and formed after the announcement they are leaving Nigeria. This pumped up the price over 17% in a day. However, high volatility is always a risky biscuit and big candles normally results in the counter candle. So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA. Then the nature will...
Do you ever get caught in the whirlwind of overtrading? You’re taking a ton of trades because you’re bored, to make up for losses, for the sake of trading and to maybe feel productive. It’s like Netflix really. You’re watching your favorite TV series; before you know it, you’ve devoured the whole season in one sitting. Time lost and you get deep withdrawal...
Falling Flag - Breakout took place on 18 Dec 2024. The price stayed above 200MA but lingered between the range of 20MA. We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears. There is no strong indication when the price will rally but the analysis does remain the same until the price either...
We were very close to the analysis being null and void. But then, we had a change of wind and the market bounced off the lows heading back to the range. It then broke up and is now on the way to the next target at R3.91 Looks good still.
Are your ready to elevate your trading game? You’ll need these 4 golden tickets to have a chance. You might have two or three of them, but it’s important to make sure so that you’re set for the rest of your trading career. Have a read and let’s refine your trading skills. Lesson 1: Follow a Proven Strategy and Never Deviate Ever heard me say, “A rolling...
You know that trading is a mental game. And if you play it wrong, it can be very draining on the mind and the soul. Your aim is to make trading effortless and not overstressing. And to do this, you need to avoid making these draining trading habits. That’s what we’ll cover in this piece. Personalise Losses: The Emotional Pitfall Ever felt like the market...
Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always...
In the previous TradingView article we spoke about FOMO (Fear of Missing Out). And why it is really not necessary to deal with. There is always the next trade coming. There is always another opportunity coming your way. There is always time to take the next one. No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them...
What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last...
Amazon has had an incredible run. It's moved from $118 to $188 since November 2023. But now it looks like the momentum is starting to slow down. We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel. There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next...
Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...