Learning Technical Analysis Q&A

[explod]

Well I know you could not care less about the fundamentals tech but two broker reports have a price target of around $8.50 for this (MML) down the track a bit.

I like the reverse hammer on the daily a few days back with confirmation in todays rise.

Tell me if I am off topic on this thread too.

 

[tech/a]

Well I know you could not care less about the fundamentals tech but two broker reports have a price target of around $8.50 for this (MML) down the track a bit.

I like the reverse hammer on the daily a few days back with confirmation in todays rise.

Tell me if I am off topic on this thread too.

You know I dont know how many times Ive been in a stock and some fundamental news belts it in the direction of the analysis.
All I can put it down to is the price action reflects the sentiment.

 

[Boggo]

You know I dont know how many times Ive been in a stock and some fundamental news belts it in the direction of the analysis.
All I can put it down to is the price action reflects the sentiment.

Agree, which came first, the chicken or the egg, the chart or the news.
An example a few days ago was CDU where it got my attention as it approached $3.40 and then the news kicked in and drove it along.

CDU down a bit today with that sector but adds to your theory tech/a.

 

[tech/a]

I remember YOGI used to amuse me with his Astro stuff.

But often a stock would have this news SPOT on the day YOGI 'Predicted"
only problem was that it wasnt regular enough to trade---but regular enough to have me shacking my head!

 

[namrog]

You know I dont know how many times Ive been in a stock and some fundamental news belts it in the direction of the analysis.
All I can put it down to is the price action reflects the sentiment.

Or , and, sometimes price action reflects insider knowledge / trading....?

 

[tech/a]

Or , and, sometimes price action reflects insider knowledge / trading....?

Maybe.
Momentum certainly gets going early!
Quick rises dont occur in every instance but they do occur.

 

[DB008]

Or , and, sometimes price action reflects insider knowledge / trading....?

I've noticed that with ROG. Little gas exploration spec stock. The share price is down in the doldrums. However, it 'usually' spikes a few days before a company announcement, then retreats a few days after.

Great thread(s) tech/a. Please keep up the good work, l am enjoying reading your posts.

 

[pixel]

I've noticed that with ROG. Little gas exploration spec stock. The share price is down in the doldrums. However, it 'usually' spikes a few days before a company announcement, then retreats a few days after.

Years ago, I remember another little oiler that would usually get a big p&v spike around Christmas and early in the New Year, then peter out lower over the weeks after. A friend "in the know" explained to me how that happened: The drill crews would come home for a Christmas break; as you do, they'd attend lots of BBQs. ... and talk ... and their stay-at-home mates would listen ... and believe every word.
Great job if you can get it :

Great thread(s) tech/a. Please keep up the good work, l am enjoying reading your posts.

+1

 

[TMC93]

Great threads tech/A, especially for someone new to shares it helps explain the possible strategies and techniques.

 

[Monkeyzu]

Hi tech, just finished reading through your locked sticky with interest - looking forward to your future additions. 2 quick questions: what would you consider an average wage, and what capital do you need to need to make that in a year? Or, what is your average roi % pa?

 

[tech/a]

Hi tech, just finished reading through your locked sticky with interest - looking forward to your future additions. 2 quick questions: what would you consider an average wage, and what capital do you need to need to make that in a year? Or, what is your average roi % pa?

Firstly I dont trade for a living.
An Average wage is around $70K in my view---others would disagree.
A very good trader maybe able to make that with $300K
An average trader around $700K.
Maverick could do it with $100K but could also lose the lot!

Wont be posting a great deal up.
Much more important things on the agenda.
Ill be back---eventually.

 

[Monkeyzu]

Wont be posting a great deal up.
Much more important things on the agenda.
Ill be back---eventually.

That's a pity! Was looking like the thread alot of us newbies had been waiting for!

Maybe you answer another question? The 'master the markets' type VSA is all about 'smart money'. When you say 'look at what the price is trying to do' is 'price' interchangeable with 'smart money'? Or do you have a different interpretation of VSA altogether? How does this fit in with small caps where MTM VSA would suggest big trading houses would not operate due to overall low volumes being traded?

 

[pavilion103]

Does anyone know what is happening with this thread? Is Tech/a away? Is it not continuing?
I haven't really been on here for a few weeks.

 

[joea]

Does anyone know what is happening with this thread? Is Tech/a away? Is it not continuing?
I haven't really been on here for a few weeks.

Just be a little patient please!
Tech/a is looking after some family issues at present.
joea

 

[tech/a]

Thanks Joea---apreciated.

All good on the home front tests for (Princess) came back benign and when it comes to liver thats a good thing.Economic downturn has meant I have downsized my Company and as such im much busier.Im also starting to develope low density apartments once again with one on the drawing board.---well a few builders are beating their brains out for the work!

Ive had a few mails from people who look at the site rather than post.
Many of those I know just visit to have a gander---they dont need to be educated.
without exception they cant understand why I would bother with this exercise.

I am tending to agree with them.
It takes ages attracts some very genuine people but more leaches who "dont and never will get it!" so why would I.

I have already (a few weeks ago) mentioned to Joe that I may put out a course or so in various modules---very much an idea and Im not certain I will be bothered. Most are aware Im working on some stuff with Kris which would Im sure have a captive audience.

I think there is a demand for something like this and if I do it will look at putting it through here.

It appears to me people place a higher value on something that is not given away.
Anyway if I do it it will turn up here and will be reasonably costed in module form.

Dont hold your breath though!

 

[Monkeyzu]

For everyone waiting for this thread to return to life, can i suggest you pass some of the time by watching this BRILLIANT 2hour presentation by Nick Radge I've just stumbed on. Sorry if it's been posted elsewhere
Back to Basics of Trading
http://www.vimeo.com/19621172

 

[tech/a]

For everyone waiting for this thread to return to life, can i suggest you pass some of the time by watching this BRILLIANT 2hour presentation by Nick Radge I've just stumbed on. Sorry if it's been posted elsewhere
Back to Basics of Trading
http://www.vimeo.com/19621172

May I suggest you take it in 30 min blocks and take notes.

Hint
Then you can digest and recap on the important pieces.
I make a time stamp note when I take a note so its easily referenced in the future.

Plenty of other good Vids to the right of the main screen.

 

[Des P]

How,s it going Tech/A i have been following your thread on learning Tech analysis, and i am enjoying immensely,
i have been trading only for the last twelve months, Fundamentally
And have decided to take the next step Technical analysis
Would it be possible to let me know the Tech analysis program you you use
This would make it easier to follow you course (for me any way)
Or do you have any other better option,s for a green hand hand
Cheers
Des

 

[tech/a]

How,s it going Tech/A i have been following your thread on learning Tech analysis, and i am enjoying immensely,
i have been trading only for the last twelve months, Fundamentally
And have decided to take the next step Technical analysis
Would it be possible to let me know the Tech analysis program you you use
This would make it easier to follow you course (for me any way)
Or do you have any other better option,s for a green hand hand
Cheers
Des

DES
You'll find me posting various charts from various software.
Metastock
Tradeguider
Advanced Get

You don't need any of these to at least follow the principals I discuss here.
Any software will do.
Amibroker is a great software--- I have that as well but am yet to get right into using it
Such little time.

 

[joea]

DES
You'll find me posting various charts from various software.
Metastock
Tradeguider
Advanced Get

You don't need any of these to at least follow the principals I discuss here.
Any software will do.
Amibroker is a great software--- I have that as well but am yet to get right into using it
Such little time.

Tech/a
I have assumed with your collection of software you have found that each specific software has a specialist area, or are you just curious?
Is it possible for you to equate the strengths of each software package please?
i.e. compare popular software with best features and list relative price.
If not price just the best features.
This may help new traders in their decision analysis. Or people interesting in upgrading to new software.

With Incredible Charts they have just upgraded to intraday charting.
The price is $220 for Premium I think.(cannot back test)
Where as some software have 20 minutes delayed and want another $1300 a year for intraday. Obviously in this situation two monitors would be helpful.

Basically one could assume you need at least two software packages.
If you do not have the time , do not bother.
joea