Ramblings of a Niche Marketer & His Life

I happened to browse in a book store and came across a book called: Harmonic Trading – Profiting from the Natural Order of the Financial Markets. Initially I thought it was some kind of Elliot Wave materials. It’s not really about that. Let me define harmonic trading, directly from the book itself: “Harmonic Trading is [...]

From the daily chart above, silver has formed a bearish pennant. Volume is getting lower and lower as well. For more information on bearish pennant, click here. This is not looking good for me. It has the possibility that the price will go down lower. Above is the weekly chart of silver, which also showed [...]

I hope my chart above can explain clearly (click on the chart for a bigger view). Seems like the rally is losing steam and price will drop soon. DJI roughly has the same kind of chart pattern as well. Just last week, the market was seriously very oversold. Now it’s the reverse, becoming very overbought. [...]

I was talking about Kimco Realty (KIM) a few posts ago. I mentioned that I entered a short position. You can read the post over here. It was a trade that really went my way – the drop in price was big and I made decent profits. The swing trade lasted 5 days for me. [...]

Affiliate marketing is still one of the easiest way to make money online. You don’t need to have your own product, you don’t need to handle any customer support, you don’t need to ship any product (if it’s a physical product). Best of all, it’s a way to generate passive income if you manage to [...]

A classic example of the bearish Belt Hold candlestick pattern from Kimco Realty (KIM) This pattern is formed with a very big gap away from the current uptrend. It opens at its high and immediately backs off for the rest of the day. As you can see from the chart above, this counter gap up [...]

On 22 Sep, Morgan Stanley formed a hammer. What made it significant is that it gapped down from the prior day. Market had a massive sell-off after Fed chief, Ben Bernanke announced “Operation Twist”. Market already expected it and there were no more unexpected good news. So, a typical buy on rumors sell on news. [...]

I had my fair share of emotions (fear) when I realized that silver has dropped to $27 for a period of time. I was thinking whether the bull run has indeed ended. My thoughts: “Should I really sell this time? Will it drop to $20??” I told myself to calm down. The worst time to [...]

The chart above is Tesoro (TSO) at the end of trading day on 23 Sep 2011 (Fri). The market had a massive sell-off for the past 2 days. Tesoro had a big gap down as seen from chart. On Friday, it formed a southern Doji. After a big bearish red candle, and then a doji… [...]

The bearish reversal pattern from Texas Instruments (TXN) shown on the chart above is a Tri Star Doji. I have came across such pattern in candlestick textbook, but this is the first time I have seen one in “real life”. This pattern is quite rare. When a Doji is formed, basically it is telling us [...]