Regardless how many shares are issued, T/A operates on the number of shares traded. So, the Mathematics works for AKP just as well as it does for BHP. Of course, if you're happy watching your profit go from zero to 1000% and drop back 70% from 10-fold, by all means ignore the lost opportunities.I'm not a big fan of using charting techniques best suited to BHP or the banks on something as weird as AKP where a tiny fraction of 1% is traded daily.
G'Day AndrewBob;Hi Pixel
I tend to agree with Mango about charting AKP, except, I don't know much about charting. Can you please refer me to some places I can learn how to chart. You seem good at it. I want to learn from the sources you recommend. Thanks in advance if you spare the time to show me the best resources. (I know what charting is, I don't know how to do it successfully)
Mango, good luck. I hope you make a fortune!!
The market can go up or down at any time -- it is only the probability (of each move) that varies.
Thanks pixel.G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
Thanks pixel.
I appeciate the quality response.
I'm going to have some fun reading to do. Fun.. Yes. I'm a nerd.
G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
G'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
Yeah, me too. I've been in this stock for over 7 years, some of my friends got into it as well, we're all waiting. If we get positive news in the next few weeks, the price will explode. If not, then we've all lost money. Ces't la vie.Hi Pixel
I tend to agree with Mango about charting AKP, except, I don't know much about charting. Can you please refer me to some places I can learn how to chart. You seem good at it. I want to learn from the sources you recommend. Thanks in advance if you spare the time to show me the best resources. (I know what charting is, I don't know how to do it successfully)
Mango, good luck. I hope you make a fortune!!
Hi PixelG'Day AndrewBob;
I find it extremely commendable that you wish to learn about Charting. Forums are full of people who reject technical analysis - and when the discussion comes to details, it turns out their opinion is based on false assumptions and they know nothing about it.
I started out late last century; at that time, not much information was available on the Internet, and nothing was free. For an introduction, we attended old-fashioned classroom sessions and seminars. Some tutors would even make students sign non-disclosure agreements, claiming IP and copyright. Thank goodness Google has changed all that
If I had to start again today, I'd probably begin here: https://www.incrediblecharts.com/topic/Technical_Analysis
The first few chapters deal with the basics, what one may expect and where the boundaries are. From the very beginning, Colin Twiggs makes it perfectly clear that T/A does not predict what will happen, but it can give comparative odds as to the likelihood of one or the other continuation. Anybody looking for a definitive answer would be better off visiting Athena Starwoman and her crystal ball.
The added advantage of Incredible Charts lies in the combination of an excellent range of training material that is complemented by a free charting package.
On the flip side, I consider the abundance of indicators a drawback because it can give an apprentice the impression of complexity. The multiplicity of indicators stems from America in the last century, when every economist tried to obtain an edge by developing his own tool. Most of them were making more money from selling their "secrets" and books than from actually applying it to their own trading.
Nowadays, the algorithms of, say, RSI, ROC, or MACD, are freely documented and understood; which makes it very easy to categorise the hundreds of indicators into 3 main classes.
... but I'm getting ahead of myself
I wish you all the best with your studies; send me a note if you run into questions that you can't find an answer to. If I don't reply right away, please be patient. I have a few lengthy medical procedures ahead of me that may keep me away from the desk a few days at a time.
Cheers, Pixel.
I like the word contradistinction.I remember reading an article in the Fin Review (circa a few years back) on AKP. In fact, it was this article which brought the company to my attention (too little too late: share prices started to increase). In true Fin Review fashion, they talked positively about the company: its technological endeavours and board expertise; and concluded with a few comments which casted doubtfulness and raised skepticism.
Broadly speaking, when it comes to technology, the best way to put it into perspective is to make a contradistinction with art (it will make sense shortly). If Mozart never composed, say, Alla Turca, would it have ever been reproduced, note-for-note, by another? Very, very unlikely (improbable). On the other hand, had, say, the US not invented the atomic bomb (under the guise of the Manhattan Project), would another nation have successfully developed it? Most certainly - it was only a matter of time...and this is the point: unlike art, when it comes to technology, it's always a matter of time.
Given AKP have been working on this for a number of years now, they already have that head-start. Moreover, once they crack this technology, people are going to make a lot of money.
In case anyone is wondering, I don't have any affiliation with AKP. Nor do I own any shares, mainly because my financial position (i.e. 3 mortgage commitments, living expenses) doesn't leave me with enough funds to invest in anything other than small caps. But for those that have invested in AKP (especially the ones that bought 7 years ago), I say this: I am very envious.
Moreover, once they crack this technology,...
@Mango51 there is some very sad newsAre you still in Pixel ?
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