Trademark's maxim

It's not about time in the market
It's not about how long you hold your position.

It's not about the size of the price movement.
It's not about having a large move.

It's about certainty and achievability
It's about position size multiply by price move.

CTX : Caltex

Prices within Trend Channel.

Waitng for a price to the upside of the channel.

Possibly$15.50.
Stay with Trend , track the Moving averages.

Set stop loss accordingly below the 3rd moving average band.

MIncor Resources. MCR

Mincor Resources.

Stuck in a Triangular Consolidation.

Waitinf for a break to the upside $2.10 and above.

EurUsd : Breaking out of Trend Channel

Anticipating a Trade when prices break out of Trend channel.

MRE : Minara Resources : Triangular Break out.

Minara Resources[MRE] : Broke out of a triangular consolidation. Height to base of triangle is about $0.20. Broke out point at roughly $0.80.

Anticipating first price objective at $1.00.

Above mentioned charts is powered by freestockcharts.com.au

Triangular Charts

SDM : Sedgman


IGR : Intergra

RHC : Ramsay

PTM : Platinum Asset Managment

Ummm...wow...triangulated at the point of inflection !

Possible target $6.50 ?

PMP : PMP limited

Broken out of triangular consolidation.
Possible target on a monthly chart is $1.35

CAB - CabCharge

Interesting formation.

CMW - Cromwell group

Take note the this is a monthly chart.
Drill into daily to make an entry decision.
But on the monthly chart which adds a wider perspective on it.
Price has consolidated and has broke out of the triangular consolidation.

MInara Resources : MRE

Oil : a 4hr and 8 hr perspective : Flag

4 hourly chart with a Flag formation.






8 hourly 5 waves complex elliot consolidation.

AudJpy : Price/Stochs Vearish Divergence : 2hourly chart

Prices has poped out of trend channel.
A Triangle roof has been formed.
Looking like a head and shoulder reversal on the 2hourly chart.
What that means is Jpy will strengthen and Aussie weakened.
The only thing not to like is stochs is on the low side
But itself also out of the triangle besides also forming a bearish divergence to price.
Taking the cue from moving averages, as long as price stays below that.
Anticipatiing a break of the neckline.

EurGbp : Price/Stochs Bullish Divergence

GbpUsd : Price/Stochs bearish divergence

GbpUsd looking bearish. Price/stochs bearish divergence on the 8 hourly chart.

Stochs turned down on the daily chart.

Descending triangle in formation.

WOTIF

WOTIF.com. AFR has a sell on it with a price target of $4.20.
Will see how price interact with the trend channel and the topside of $5.05.
Possibly the end of the wave.
Stochastics is hovering at the topside as well.

MRE : Minara Resources

Prices within Trend Channel.
Stochastics reflection of the current wave is turning up.
Prices above moving averages.
Anticipating a 5th wave price movement
over the coming weeks to $0.95

Telstra :

Support at $2.72

Light Crude & BHP : Same Price Structure

AudUsd : Fake Head and Shoulder

Amazon : Head and shoulder above RIMM, Google and Apple

Ref to previous post on "Amazon "as well :
http://tradermarkjournal.blogspot.com/2010/11/amazon-end-of-amazing-run-final-doji.html


Amazon has been rated overvalued by several analyst including this one, Andrew Zacky. Making a fndamental case of way overvaluation of Amazon when comapared to Apple, RIMM and Google. Going so far as in saying, if Amazon stock were to be halved it would still be overvalued and at that time the articles was written AMZN was hovering near $160. Today its $176 with a recent high yesterday of $181.

Is the end in sight ? Gold or Aust properties ?

A contrarian view. Is the end in sight for Gold ? After all George Soros has described it as a bubble back in March 2010. The "Go For Gold" picture above is taken out of pg 32 of Australian Property Investor - Oct 2010 issue. Australian Property Investor is an Australian based magazine dedicated to property.

Ummmm... A dedicated property magazine of Australian properties touting Gold ??

Its like Bill Gates touting Apple's Iphone.

Either it's suggesting investors should be considering getting out of OZ properties for better investment alternative like Gold; or
Gold rises finally cannot be ignored and even a magazine normally dedicated to property succumb finally at the end to acknowledge Gold as a viable alternative investment ? Or to keep its readers happy it cannot not write something about Gold.

Whichever it is, it feels like the writing is on the wall for Gold and we are at the last stage of the bull run. Caveat Emptor.

AudUsd : An Update

Amazon : End of the Amazing Run ? The final Doji Nailed it ??

Amazon is this it ? The end of the final run. The last breath ?? Stochs at extreme high, trading day ended with a Doji right at the resistance line. Only thing in this pretty reversal picture is the price gain with high volume. Although having said that it still is a Doji as compared to a bullish candle bar. High volume could be attruibuted to expiry of Nov option....All in all watch this space for added weakness and thus reversal to $160 then $120 !!

AudUsd : Another look at the Head and shoulder pattern

Neckline is broken.
Only thing is the stochs is scapping the bottom of O/S
But with 3rd waves stochs sometimes do stay outside the deviation for a while
Going with the Head and Shoulder Reversal.
Target 0.9200

AuDUsd : Trading the Head and shoulder

30 minute chart.
Unless prices trade through without correction and knife thru
0.9620
If not try to sell at higher prices. Considering the alternate corrective rule
if wave 2 and wave 4 alternate between complex and simple correction.
If Wave 2 is simple then wave 4 is complex.

Caltex : Au:CTX

Various Time perspective of Caltex Chart.
Price of objective of $20.
Price projection = Height of the Triangle
$8 on breakout of $12

Monthly Chart : For broad perspective. Need to drill in to smaller
timeframe to trade.

Weekly Chart Price's structure :

5 wave pattern has completed .

Looking for a retracement. 33%


Daily Chart : Price Structure

TraderMark's Maxim

If Property is about Location, Location, Location
Trading is Timing, Timing, Timing.
And Technical Analysis is its TimeKeeper.

AUDUSD : Head and Shoulder

1st Objective : 0.9337 Distance from break of neckline, distance of Head to neckline

To add a dice of perspective, the same daily AudUsd is inverted.

AMZN : Amazon : 5th of the 5th of the 5th !!!

What is interesting in this AMZN chart besides it has top out 5th of the 5th of the 5th which means an imminent decline is on the way back down to $120. Several analysts have already called the overvaluation in this stock. Read the prevous posts for further insights. But for now, here, it has been said each stocks has its own peculiarities and the same theme runs over and over again. For AMZN - Amazon the online book retailer is its 4th wave correction which has a complex 3 waves correction with the "B" waves higher than the "A", be it in the daily, weekly or monthly chart, be it in the minor wave or the next wave higher in the larger degree. It almost always does the hybrid 3 waves a-b-c correction with the "B" higher than the "A".

MONTHLY CHART

WEEKLY CHART

DAILY CHART