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

[tech/a]

Yes I would but less of a position 50%
I’d then be looking for a pullback to load up more
I usually do this with a 15 min chart
that pullback often doesn’t get down to either
of my initial buy levels

Unless its HWH which I saw at 8c and have watched to .098 waiting for a pullback.

Im sure it will get smashed back down very soon.

 

[Cam019]

Here is what I would have done. Yes, I found the ticker but @tech/a hasn't disclosed it for good reason, so neither will I.

My buy stop would be placed at $0.11 with a stop at $0.08.

I know the range of the VRCB includes the gap up on open from $0.077 the day before - but for me, I also like to take notice of where the bars in a consolidation preceding a breakout, close at. For a gap up wide range bar like this, I like to place my stop at the low of the breakout bar if it corresponds with the highest close in the consolidation preceding the breakout. Which it does - the squat bar tech/a mentioned here.

 

[tech/a]

And so to the next Bar.
I'm already in at .086 and on the buy bar I get an opportunity
see notes in white

I sincerely hope that those following along are understanding what to
look for and what do do as they manage a trade BAR by BAR

CAM
If your not in at this point then your buy is reasonable
as is your stop setting at THIS point but as you will see
there are other options as things develop.



NEXT a very important Strategy which has made me
a LOT of $$s and its right here on THIS chart!

And we keep going.

 

[Cam019]

CAM
If your not in at this point then your buy is reasonable
as is your stop setting at THIS point but as you will see
there are other options as things develop.

Yep, my assumption was that I wasn't in the trade and that's what I had to work with until more bars presented themselves.

 

[tech/a]

NEXT a very important Strategy which has made me
a LOT of $$s and its right here on THIS chart!

I purposely look for opportunities in the .05-.099c area.

My initial buys normally 100-300,000 will move .001c so $100-$300 a tick
quite manageable when working a trade like this one.
You can of course trade any amount with the same ratio of leverage on
your trade.

BUT when they trade in the 10c+ arena then each tick is .005c $500-$1500 a tick
That's where when you get it right the $s flow.

Instant leverage!

If I miss it before 10c I'll trade about 1/3rd of the size.

 

[tech/a]

So eventually Cam gets a fill.

I move my stop and find myself in another
waiting game during a consolidation which
is behaving itself above the V/C ZONE
Few failed tests of the high on really LOW volume



Eventually it bursts out and this is where the state of play is NOW.

Stop is moved to 15C



So important things in Consolidations

(1) Staying above or in the high parts of a V/C zone
Rejected penetrations into the zone are good!
(2) Low volume in consolidations are good particularly
when testing highs.
(3) Price action at the top end of moves is positive.
Such as the last 3 bars.
(4) Tight ranges in bars. Last 2 bars.

To be continued------

 

[Bob111]

I purposely look for opportunities in the .05-.099c area.

My initial buys normally 100-300,000 will move .001c so $100-$300 a tick
quite manageable when working a trade like this one.
You can of course trade any amount with the same ratio of leverage on
your trade.

BUT when they trade in the 10c+ arena then each tick is .005c $500-$1500 a tick
That's where when you get it right the $s flow.

Instant leverage!

If I miss it before 10c I'll trade about 1/3rd of the size.

I never knew this!

Do you find the 10c area becomes a resistance point because of the jump in minimum ticks?

 

[frugal.rock]

G'day Tech, do you think all this should be only available in the private part of ASF ?
The have to log in part?
Like P2 weekly/ daily portfolio.

Otherwise any character can gain the wisdom of your many years and this method/ edge may lose its edge somewhat, or would it have the reverse effect of the more the merrier ...?

I feel the content should be for members only... Cheers and I wish you all a restful Easter break.

 

[tech/a]

Ran it by Joe
Personally I don’t mind.
I don’t think the 15 people following are
going to influence trading in the near future.

 

[frugal.rock]

Ran it by Joe
Personally I don’t mind.
I don’t think the 15 people following are
going to influence trading in the near future.

No worries, after posting, I had the afterthought of the forum could do with the "attraction", so better to keep in the open.

I am sure many more than 15 people will end up getting value out of this thread.... if words were gold?
Thanks Tech, I see this thread as a proper gifthorse.
Cheers.

 

[LavishPrince]

Hi Tech

I sense that this thread is an absolute gold mine of insights and knowledge...but to me, as someone knew to investing in stocks at this level of detail, I wouldn't know where to start making sense of the charts and lots of the technical terms you're using.

I get the macro stuff for the most part, and the principles of supply and demand etc.

Do you have a recommended reading(s) that explains the technical stuff to the layman, so that I can better understand your advice in this thread?

Many thanks.

 

[entropy]

Hi Tech

I sense that this thread is an absolute gold mine of insights and knowledge...but to me, as someone knew to investing in stocks at this level of detail, I wouldn't know where to start making sense of the charts and lots of the technical terms you're using.

I get the macro stuff for the most part, and the principles of supply and demand etc.

Do you have a recommended reading(s) that explains the technical stuff to the layman, so that I can better understand your advice in this thread?

Many thanks.

Agree with you. Tech is very generous to share his knowledge, real eye opener for me as a newby to share trading. His thought process I find enlightening. The technical terms and jargon I struggle with atm but am reading as widely as I can to get up to speed. Got into share trading last year after seeing the feeble performance of my meagre super funds. They were charging hefty fees for "advice" over the years. When I asked for copies of that advice none was forthcoming but I did get a nice refund! Gradually transferred most of the fund into Commsec. Am finding this forum excellent!

 

[PetEarwig]

Regarding technical terms, as a newer trader myself, I have found reading a broad range of the content on this forum to be helpful as the terminology is repeated and sometimes dug into deeper. I also will often do a google search on a term I am unfamiliar with or watch a youtube video on the term and this has given me a basic understanding of what is being referred to. The longer I hang around here and see the terms repeated, the more I am gaining a general understanding of what is meant. I have found Tech/A's teaching style to be really helpful even if I don't understand everything right away. Craig

 

[tech/a]

Hi Tech

I sense that this thread is an absolute gold mine of insights and knowledge...but to me, as someone knew to investing in stocks at this level of detail, I wouldn't know where to start making sense of the charts and lots of the technical terms you're using.

I get the macro stuff for the most part, and the principles of supply and demand etc.

Do you have a recommended reading(s) that explains the technical stuff to the layman, so that I can better understand your advice in this thread?

Many thanks.

Agree with you. Tech is very generous to share his knowledge, real eye opener for me as a newby to share trading. His thought process I find enlightening. The technical terms and jargon I struggle with atm but am reading as widely as I can to get up to speed. Got into share trading last year after seeing the feeble performance of my meagre super funds. They were charging hefty fees for "advice" over the years. When I asked for copies of that advice none was forthcoming but I did get a nice refund! Gradually transferred most of the fund into Commsec. Am finding this forum excellent!

Regarding technical terms, as a newer trader myself, I have found reading a broad range of the content on this forum to be helpful as the terminology is repeated and sometimes dug into deeper. I also will often do a google search on a term I am unfamiliar with or watch a youtube video on the term and this has given me a basic understanding of what is being referred to. The longer I hang around here and see the terms repeated, the more I am gaining a general understanding of what is meant. I have found Tech/A's teaching style to be really helpful even if I don't understand everything right away. Craig

Tied up for a while today
But will say that when it comes to technical analysis and those learning
youll find there is nothing truer than

” You have to know what you don’t need to know
so that you can know what it is you need to know”

The simplest and most direct path in my view is price action
in particular VSA ( Volume spread Analysis ) Volume and Pattern.

Charting should be investigated and thought of as a diagrammatical
depiction of the participants trading or Investing in the instrument
your looking at.

Look for EXTREMES at beginnings and Ends

Back when I can

 

[tech/a]

I have Placed some info on

READING VOLUME

Over here.

How to Trade or Invest Profitably - "Without The Bullsh*t" - Technical Analysis Step by Step Tutorial Plus Q&A Thread

Can I ask that you please keep this sort of discussion separate to the Original thread The initial thread requires some for some a degree of learning and understanding To that end over time I will present and discuss with those interested the Basic and more advanced T/A required to trade this...

www.aussiestockforums.com

 

[tech/a]

OK thought I'd get back into this thread.

The following chart is a great example of a common number of often seen setups.
Ones I use and I know Pete uses some examples.
Im also aware that other traders use them and were featured to some degree in
Shawaggers Latest book "Unknown Market wizards."

This is 4CE Ill show a fuller chart then go through the three setups and trades as
they all differ. Volume and range mean something different in each.

You'll be able to see similarities in many charts. Hopefully this will help you read them better.

 

[tech/a]

This shows the full trade
The stock at this point would be back
on my watch list and discarded from there in a few weeks

To be honest I would not have seen the second trade it would
not have ticked enough boxes. So wont show anything on that other than The high was clearly tested
and rejected strongly again!

 

[tech/a]

Though Id also Put up CCV which Im trading so I can comment live.

Its pretty easy to see where I saw it and Purchased at 35C

 

[bux2000]

Hi Tech/a

With the utmost respect are we looking at CVV ?
Of particular interest to me I hold.

Thanks for your time
bux

 

[tech/a]

All thumbs yes CVV