Australian (ASX) Stock Market Forum

An Introduction to Technical Analysis/Realtime examples of Analysis

Jump to new
tech/a

tech/a

No Ordinary Duck
Joined
14 October 2004
Posts
20,400
Reactions
6,317
Thought it better to have the examples in one area so they can be followed and it doesnt clutter up threads on specific topics.---My mistake.
 

Attachments

  • GCL Comp.gif
    GCL Comp.gif
    29.1 KB · Views: 409
  • PSD.gif
    PSD.gif
    21.4 KB · Views: 444
  • PSD gcl.gif
    PSD gcl.gif
    19.7 KB · Views: 523
Update
 

Attachments

  • PSD 2.gif
    PSD 2.gif
    15.3 KB · Views: 504
  • GCL 2.gif
    GCL 2.gif
    19.9 KB · Views: 418
Thanks again Tech. There's certainly a lot of thought in these posts! Keep up the good work!
 
Dumped PSD at 1c/share loss plus brokerage-----could have been worse.
GCL still holding in.
 

Attachments

  • GCL 3.gif
    GCL 3.gif
    14.9 KB · Views: 396
tech/a said:
Dumped PSD at 1c/share loss plus brokerage-----could have been worse.
GCL still holding in.
Click to expand...

tech, about GCL, wouldn't the safer trade have been to wait for a break of the red resistance line? I can see your logic in the triangle breakout though and you can always exit safely with minimal loss. volume is very useful in these situation imo.
 
RichKid said:
tech, about GCL, wouldn't the safer trade have been to wait for a break of the red resistance line? I can see your logic in the triangle breakout though and you can always exit safely with minimal loss. volume is very useful in these situation imo.
Click to expand...

Tech, I had the same question as Richkid did. It looks like the volatility is starting to settle and it may in that process of settling break the red resistance line. Having said that, it may just trade sideways. I think I would let time be my friend on this one.
 
Rich.

I didnt buy it for the Triangle breakout.
That came along later.
I bought it at $3.08 on the impulse day.
So the analysis is for whats happening NOW not why I took the trade.

Its certaintly a low probability trade and as Ive stated not a particularly good buy from a technical veiw.We all take trades like that.
Anyway Im in so I,ll trade it for what I can.
FCN was a nice pick up the week before.
I expect to make a profit not win them all.

Incedently I agree with you both it could range.
But it could also breakout to the upside again.
It could also fill the gap and breakdown.
Play it as its presented.
 
tech/a said:
Rich.

I didnt buy it for the Triangle breakout.
That came along later.
I bought it at $3.08 on the impulse day.
So the analysis is for whats happening NOW not why I took the trade.

Its certaintly a low probability trade and as Ive stated not a particularly good buy from a technical veiw.We all take trades like that.
Anyway Im in so I,ll trade it for what I can.
FCN was a nice pick up the week before.
I expect to make a profit not win them all.

Incedently I agree with you both it could range.
But it could also breakout to the upside again.
It could also fill the gap and breakdown.
Play it as its presented.
Click to expand...

Tech,
Okay, makes sense, good to see real time too, it's obviously easier for me to see all this after the fact. What's an impulse day?? I only know a bit about TA so looked for the big trend lines only.
 
GCL very low volume but seeing that there are very few sellers taking higher offers.Slight increase in buyers saw price go a little higher.Raising stop to $3.13 a tick below the top of the triangle resistance.If stopped there will be a profit here plus the gap which has been good support will have been closed.

Just a point about stops demonstrated in the losing PSD trade.
 

Attachments

  • PSD3.gif
    PSD3.gif
    15.5 KB · Views: 364
Tech/a i'm only new to this forum, it was reading your post that i liked. you are using real charts which is exelent to be able to follow your analysis. It's great help thanks very much appreciated :knightrid
 
Thanks.

I'm just back from Singapore so will return to examples we can all follow as soon as my feet hit the ground.Have a few work matters to attend to.
 
I'll start again with a longer term trade example.
 

Attachments

  • ADB 1.gif
    ADB 1.gif
    19.1 KB · Views: 342
  • ABD.gif
    ABD.gif
    19.2 KB · Views: 340
Trade position size and risk details.
Remember this is an exapmle of how I am trading this technically not a recommendation to buy.
 

Attachments

  • ADB 2.gif
    ADB 2.gif
    17.9 KB · Views: 340
Maybe only an example Tech, but a very nice looking chart.

I think one of the things beginners (myself included) find difficult is actually finding stocks with this type of chart.I have tried various combinations, moving average crossovers, volume etc etc in my searches only to have to plough through loads of no hopers to find even one worth looking into closer.

Maybe at a later stage you could give us some help with this :)
 
Porper.

I use a number of different Metastock scans.This came from a New high scan.
Im happy to post the formulas here if anyone has metastock and would find the formulas handy.Certaintly something one should look for in a charting package----the ability to scan for prospects.Saves hrs.
 
Could we have a bit of an intro on ledges please? (Different thread if it's worth it, is it a significant pattern??). Is it that last pattern of bars in the ADB set up? Does MRE have one at present? Does it mean buyers are propping upt the price but it's yet to break out, price compressing, kinda like a spring?? Just wondering, one of my weaknesses in analysis are the short term bar set ups that aren't as common as the trinagles and the like. Impulse bars were very interesting, ledges would be nice to know of too. Thanks in advance Tech.
 
RichKid said:
Could we have a bit of an intro on ledges please? (Different thread if it's worth it, is it a significant pattern??). Is it that last pattern of bars in the ADB set up? Does MRE have one at present? Does it mean buyers are propping upt the price but it's yet to break out, price compressing, kinda like a spring?? Just wondering, one of my weaknesses in analysis are the short term bar set ups that aren't as common as the trinagles and the like. Impulse bars were very interesting, ledges would be nice to know of too. Thanks in advance Tech.
Click to expand...

Ill do it under chart patterns although it will be out of sequence,no big deal.
 
tech/a said:
Porper.

I use a number of different Metastock scans.This came from a New high scan.
Im happy to post the formulas here if anyone has metastock and would find the formulas handy.Certaintly something one should look for in a charting package----the ability to scan for prospects.Saves hrs.
Click to expand...

Don't have metastock, but use incredible charts pro which has plenty of options for scans, well to me it does.I have just downloaded Amibroker to try for a month before buying, having trouble setting it up, not as user friendly as incredible charts, maybe just me not being a computer wiz.

I for one would be interested in your formulas, as I'm sure others would be too.The one thing I need to do is to back test, at the moment I cannot do this, hence the Amibroker download.
 
Well cant see how they will help (As you dont have M/S) but here is the one that picked up ABD.

HHVBars(H,42)=0 AND Fml("liquidity")>500000 AND C>Ref(C,-1) AND Cross(H,Ref(HHV(H,5),-1))

In English.

Highest high for 42 periods is Now---0 and
Liquidity is greater than $500000 and
This close is greater than the last. and
This high is crossing the value of the highest high over the last 5 periods
(To make sure the breakout to a new high is recient).
 

Similar threads

Richard Dale
  • Article
Resources for Systematic/Algorithmic Trading
Replies
12
Views
2K
Richard Dale
Richard Dale
Joe Blow
September 2024 Stock Competition Entries!
3 4 5
Replies
85
Views
7K
peter2
peter2
StudentTrader
What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
tech/a
pavilion103
PAV Technical Analysis and Trades
8 9 10
Replies
189
Views
18K
Roller_1
Roller_1
mullokintyre
Examples of stupidity of government at all levels
2 3
Replies
57
Views
4K
mullokintyre
mullokintyre
Top