How to trade and/or invest profitably --- without the Bullsh*t

[frugal.rock]

Which stock are these charts on tech?
I realise this isn't important, but if I can read your blurb and look at charts I use, it would be more helpful for myself. Cheers.

 

[tech/a]

When the trade is finished

 

[over9k]

Hey @tech/a I'm an economics guy by trade and you're obviously a technicals/maths trader. I might need to make a big post about the relationship between the bond & equities markets over in my thread and I thought it might be a good addition to this one but I obviously don't want to go derailing your thread to stuff that isn't your particular type of analysis (not to mention that this thread is, well, yours) - would you like me to cross-post it or would you rather keep this one specific to your type of analysis?

(I blocked ducati long ago, you're not alone with your opinion there)

 

[tech/a]

9k
Its a great idea but worthy of its own thread.
I would be an avid follower.

This Thread
Is for those who are similar to me
Not enough time to Pour over Micro and Macro economics.
Are visual beasts.
Understand that no matter how you analyze prospective investments
its the momentum you need to find and ride.
Analysis (all types) can identify potential. This thread is based around
ONE form of identification
The ONE form I've found to be reliable and easily implemented.
This form of trading suits me and it works.

 

[over9k]

Ok you'll find me over in the "economic implications of a sars/coronavirus outbreak" thread

 

[tech/a]

For no other reason than to show “it work's”

See post on 9/3 9 days later.
And today’s screen shot this morning
Sold RLU at 15c

 

[barney]

Sold RLU at 15c

I assume you will be shouting Mrs Tech a very nice dinner tonight Mr Tech

Been a wild 5 days on RNU (DNH but always good to see other punters having a win)

 

[tech/a]

Barney
Of course

 

[barney]

Barney
Of course

Lol, Excellent. You dare not let Mrs. Tech suffer having to cook dinner after you have already "cleaned up" lol

 

[tech/a]

Don't Mind Her cooking she has owned Restaurants in the UK and Australia.
Has worked for me for 25Yrs. (No not in the Kitchen). Has no interest in Trading

Perfect!

 

[barney]

Don't Mind Her cooking she has owned Restaurants in the UK and Australia.
Has worked for me for 25Yrs. (No not in the Kitchen). Has no interest in Trading

Perfect!

Lol. Perfect indeed!

She sounds multi talented which is nice, although not essential of course.

Without wishing to derail your Thread at all;

The World would not function without good wives (insert women/girlfriend/partners etc etc)

ps My wife also has little interest in Trading.

pps I intend to buy her a new car for her birthday this year. Hopefully she might become slightly more interested then, lol.

 

[tech/a]

A few have private mailed me mentioning that they are lost with the charting methodology.

I must admit that I presumed everyone had a basic knowledge of charting.
The role Volume/ Range/Pattern play in a chart
Even the basics of what a bar chart does.
Where you get one

How many others looking at this are in a similar position and a little embarressed
to mention it.

Tech analysis need not be voo doo
There is a lot you DONT NEED TO KNOW.
We can cut to the chase!

It is well worth the effort to become proficient.

 

[bsnews]

A few have private mailed me mentioning that they are lost with the charting methodology.

I must admit that I presumed everyone had a basic knowledge of charting.
The role Volume/ Range/Pattern play in a chart
Even the basics of what a bar chart does.
Where you get one

How many others looking at this are in a similar position and a little embarressed
to mention it.

Tech analysis need not be voo doo
There is a lot you DONT NEED TO KNOW.
We can cut to the chase!

It is well worth the effort to become proficient.

Hi Tech/a,
Made an account because of your post lol
I have been muddling through lots of YouTube video trying to gain some understanding
on reading and how you set up the charting to find the momentum indicator but I have became a bit overwhelmed with it all.
Cheers for the sharing of your knowledge, I have enjoyed the lessons.

 

[over9k]

A few have private mailed me mentioning that they are lost with the charting methodology.

I must admit that I presumed everyone had a basic knowledge of charting.
The role Volume/ Range/Pattern play in a chart
Even the basics of what a bar chart does.
Where you get one

How many others looking at this are in a similar position and a little embarressed
to mention it.

Tech analysis need not be voo doo
There is a lot you DONT NEED TO KNOW.
We can cut to the chase!

It is well worth the effort to become proficient.

I could do a total newbies guide if you like duck?

If these threads end up any good we might be able to get an ASF unofficial guide or something done, maybe one thread for beginner, another for intermediate, another for advanced, something like that?

Reality is that most newbies are totally terrified just looking at a candle graph and as you & I know, whilst a lot of things might look really scary, most if it is actually really easy once you know how.

I would definitely say that this thread is far above total newbie level.

 

[Wilham]

I could do a total newbies guide if you like duck?

If these threads end up any good we might be able to get an ASF unofficial guide or something done, maybe one thread for beginner, another for intermediate, another for advanced, something like that?

Reality is that most newbies are totally terrified just looking at a candle graph and as you & I know, whilst a lot of things might look really scary, most if it is actually really easy once you know how.

I would definitely say that this thread is far above total newbie level.

I'm all for a newbies guide, but I wouldn't want to it to impact this thread personally.

You almost need to DYOR first to understand how much is out there before you can appreciate threads like this trying to show distilled and simplified methods.

 

[bux2000]

Hi Tech/a,

Not sure if I am looking into the headlight of that freight train, but does BLU float your boat today.
Some one once told me they traded ATH,s it meant nothing to me at the time and I have now refined it a bit.
Will BLU have to close above 10c to be a contender or has that resistance been broken today?
I bungled a trade on NWC and watched RNU go bye but I live in hope.

If this is regarded as advice please delete my post

All the best
bux

 

[Beaches]

A few have private mailed me mentioning that they are lost with the charting methodology.

I must admit that I presumed everyone had a basic knowledge of charting.
The role Volume/ Range/Pattern play in a chart
Even the basics of what a bar chart does.
Where you get one

How many others looking at this are in a similar position and a little embarressed
to mention it.

To put it in building terms, I think you need to assume that many here on ASF are completely new to trading and are like 1st year apprentices, the ones you can send to the hardware store to buy a metric shifter or a bag of weep holes.

The more knowledgable we become, the harder it is to remember how much we didnt know when we first started out.

 

[tech/a]

Thanks for your comments

I agree that a T/A introductory thread would be good for many now and in the future
BUT
In T/A there is a great deal of analysis you DON’T NEED TO KNOW

Here in this thread there are aspects you just MUST know.
Range/Volume/Patterns/Volume Control Bars/Basic Volume Spread Analysis (VSA)

Ill just complete the chart in play now.

Then I’d like to go through what you need to know in charting the way I trade from
the very basic to the more complex.

All you’ll need is availability to BAR charts and volume
,and some draining capability.

out all day so back when I can.

Over 9 K you can get up and running if you like.
in a seperate thread.

 

[pozindustrial]

I am a total newbie, (buying shares for 3mths) plus I am over retirement age, and my learning and concentration levels are not too good, but Techa has given me the ability to grasp an understanding, I can now read the rudimentary graphs I get in my trading platform and I have been doing some profitable trading with less than $20k. Unfortunately that has been more luck than plan, but what I would like to say is if I can follow most of this almost anyone can. Thanks for all contributions.

 

[tech/a]

Over the years I’ve found

The sauce ( the secret one ) is in the trade management.

But no amount of management will save an unprofitable methodology.