Learning Technical Analysis Q&A

[cynic]

Re: Learning Technical Analysis

My view is most people turn a very simple methodology into a more complex one under the guise that the more complex must be the more successful.

Thats plain wrong in my view. Very valuable and indeed profitable T/A can be applied very simply.

So true.

+2. If you include strategies for managing this current market, that would be interesting and useful.

Although I do share your confidence in Tech/A's immense capability, I believe that he is proposing to offer technical analysis here. The practice of magic and miracles belongs in a thread all of its own.

Having said that, I'm sure we'll all be able to benefit from seeing what Tech/A pulls out of his impressive trading arsenal.

 

[tech/a]

Re: Learning Technical Analysis

Sir O and Julia

Hi Tech,

Love to see what you come up with...would you object to other's like myself participating/adding?

I only ask because my experience tells me that what I see as useless, others find meaning due to their different learning styles. Happy to participate where I think I can add something.

Cheers

Sir O

Isn't that going to turn it into yet another discussion thread, of which we already have quite a few?
No disrespect intended, Sir O, but what I'm hoping Tech has in mind is a "from scratch", step by step, understanding of the basics of TA.
When I first started, I'd have really valued something like that.

My concern with other very experienced people offering different strategies/techniques would be that the thread would evolve into a sophisticated exchange between experts, thus leaving the beginners well behind and out of their depth.

My intention is to leave this thread open as a discussion thread which can go where ever it leads. I have asked that Q&A be added to this threads heading.

I have asked Joe for the Learning Technical Analysis and Practical Application to be made a sticky and I ask that

ALL DISCUSSION be on THIS THREAD. Not the STICKY!

When I get going

I dont want the thread to be lost in disjointed discussion---it will need to have a continuity.

Ill be presenting what I personally believe to be the most important and simplest use and Application of technical analysis.The way I apply it and trade it. In this and any market.

Beginning with Entry level and working toward implementation with real live trades----over time---win and lose.
Codes wont be mentioned only price action I wont even disclose the price---dont have to.
After 20 yrs I know what works and why. It WONT be as others trade.

It will be the basics from which ANYONE can expand in anyway they wish.

It is MY holy Grail.(Not all of it but the bits that matter).

 

[Chalea]

My view is most people turn a very simple methodology into a more complex one under the guise that the more complex must be the more successful.

Thats plain wrong in my view. Very valuable and indeed profitable T/A can be applied very simply.

I will obviously have a bent towards what I think is the most benificial and wont be wasting time on superfluous Oscillators/Indicators which Ill leave to the reader to investigate.

Dear tech/a

I have to admit I'm amazed by what you have said here.

To be rubbished by Fundamental Analysis followers is expected but your analysis/condemnation on this thread highlights the fact that your method is not perfect.

If anyone is interested in the basic/simple/effective use of oscillators & chart patterns you should read the above linked thread from that point to the present and judge for yourself if their use is a waste of time...

 

[tech/a]

I only have one person set to ignore
That's you.
I have no interest in anything you have to say and will not be taking you off ignore.
It's there for a reason and I choose to use it.
I suggest you place me on the same.

 

[Chalea]

I only have one person set to ignore
That's you.
I have no interest in anything you have to say and will not be taking you off ignore.
It's there for a reason and I choose to use it.
I suggest you place me on the same.

Dear tech/a

I had hoped your attitude had softened recently as you keep replying to my posts...

I hope over the coming months as we share our opinions here that this thread will act as a bridge building exercise between us,

Regards

 

[boofis]

On behalf of everyone who's genuinely interested in gaining a greater understanding of T/A;
Could anyone who already 'knows what works' please piss off and earn your millions in the market using all your knowledge instead of posting in a beginner T/A thread to prove that you know what works and what doesn't...
Too much? But seriously, we're here to learn, so just "listen" for a little bit and resist all urges to write.
Pretty please lol.

 

[lindsayf]

I very much support techa's plans to present HIS view of TA. The trading world is overflowing with almost infinite competing ideas ( valid or not, and mainly not) - a key factor that makes finding your way as hard as it is. For me to get the most from techa's contribution I wont be looking seriously at those arguing with what he presents. We are mostly convinced that he knows a bit about trading (yes?) so I just hope this ( and the other) thread can be a place where some of that knowledge can be clearly presented without too much input from internet contrarians.

 

[Joe Blow]

This thread is for Q&A on tech/a's technical analysis thread. It is for those who are geniunely interested in the topic and who would like to ask questions and participate in the discussion in a constructive way.

Those who wish to provoke others or disrupt the thread should please refrain from posting.

Any off-topic posts or posts intended to provoke others will be removed from the thread.

 

[pixel]

I very much support techa's plans to present HIS view of TA. The trading world is overflowing with almost infinite competing ideas ( valid or not, and mainly not) - a key factor that makes finding your way as hard as it is. For me to get the most from techa's contribution I wont be looking seriously at those arguing with what he presents. We are mostly convinced that he knows a bit about trading (yes?) so I just hope this ( and the other) thread can be a place where some of that knowledge can be clearly presented without too much input from internet contrarians.

+1
I hope tech/a reconsiders and does go ahead with his educational blog.
Although not a beginner in the generally accepted sense, I do like to read others' ideas; more often than not, I find enough food for thought to improve my results.

To all true beginners:
Do take note of his teachings: Tech/a may not be the only teacher, but IMHO is as good as you'll find, and he offers a rational approach to a complex issue in a way that delivers consistent results. Ignore his detractors' polemic attacks; at this stage, their arguments will only confuse you. After a year or five of studying, you will be able to judge for yourself.

PS Joe: ours crossed. I hope an endorsemtn of the principles is still OK

 

[pavilion103]

I very much support techa's plans to present HIS view of TA. The trading world is overflowing with almost infinite competing ideas ( valid or not, and mainly not) - a key factor that makes finding your way as hard as it is. For me to get the most from techa's contribution I wont be looking seriously at those arguing with what he presents. We are mostly convinced that he knows a bit about trading (yes?) so I just hope this ( and the other) thread can be a place where some of that knowledge can be clearly presented without too much input from internet contrarians.

+1 also

 

[pavilion103]

Tech, in the locked thread, you mentioned in the 2nd post that it's important to look at both the stock and its index.

I've asked before on this forum and the advice I have been given is that comparing a stock's strength to its parent index isn't as worthwhile in the Australian market, compared to say, the US.
Would we compare the strength/weakness of stock simply to the All Ords in the Australian market? Or do you still believe each stock is able to be effectively compared to its parent index?

Thanks.

 

[tech/a]

Tech, in the locked thread, you mentioned in the 2nd post that it's important to look at both the stock and its index.

I've asked before on this forum and the advice I have been given is that comparing a stock's strength to its parent index isn't as worthwhile in the Australian market, compared to say, the US.
Would we compare the strength/weakness of stock simply to the All Ords in the Australian market? Or do you still believe each stock is able to be effectively compared to its parent index?

Thanks.

In general terms we want to know if the stock we are trading is pushing up stream in a fast flowing river.Or if the river is calm and waiting to move off.
Or the river is flowing in the direction we are trading.

I dont know about you but Ive always found going with the river much easier.
Apologies to Wyckoff who uses River analogies!

What youll find in the END hopefully is an intergrated picture which becomes auto pilot when trading in a discretionary manner.
My stock Radar has only just flicked,as Im seeing consistent common patterns in many stocks---to the bullish side. Ive been/am index trading for months.

 

[pavilion103]

In general terms we want to know if the stock we are trading is pushing up stream in a fast flowing river.Or if the river is calm and waiting to move off.
Or the river is flowing in the direction we are trading.

I dont know about you but Ive always found going with the river much easier.
Apologies to Wyckoff who uses River analogies!

What youll find in the END hopefully is an intergrated picture which becomes auto pilot when trading in a discretionary manner.
My stock Radar has only just flicked,as Im seeing consistent common patterns in many stocks---to the bullish side. Ive been/am index trading for months.

But are we comparing the strength of the stock to its particular sector e.g. energy, financials... or to the All Ords? Or both?

 

[banco]

Tech,


Given the difficulties associated with shorting ASX stocks is it generally best to not to bother trading them unless the broader market is in an uptrend (or at least isn't in a down trend)?

 

[tech/a]

But are we comparing the strength of the stock to its particular sector e.g. energy, financials... or to the All Ords? Or both?

The index XJO.

Given the difficulties associated with shorting ASX stocks is it generally best to not to bother trading them unless the broader market is in an uptrend (or at least isn't in a down trend)?

For longer term you will be frustrated generally if the market as a whole is being contained in a corrective phase as it is now and was back in 87
Good shorter term and in some cases medium term moves can give excellent profit.
The trick is to continually minimize loss and maximize profit--- to the best of our ability

 

[tech/a]

I dont know how often I see this in the Fundamental section.
Im sure you all have seen similar.

I'm not saying Fundamental analysis doesnt have its place but there are many many traders out there who make very poor decisions and who would benifit (if they became proficient) in a trading method which took out the uncertainty and replaced it with confidence in Risk allocation and profit potential.

This is what I hope to be able to achieve on these threads.

This from Today.

 

[pma99]

Tech/a

I've just found this thread and it's fairly simple for me - you make money from trading and I don't - nothing really to decide.

I will be following with great interest.

Cheers

Paul

 

[Starcraftmazter]

Interested.

 

[Logique]

Tech,
don't be put off by any differences on this thread. I understand you were going to run the TA course progressively on the locked thread, so just carry on regardless, it's clear there are plenty interested.

 

[tech/a]

Tech,
don't be put off by any differences on this thread. I understand you were going to run the TA course progressively on the locked thread, so just carry on regardless, it's clear there are plenty interested.

Yes I'll add as I get time.