tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
A look at
CONTEXT
CONTEXT
Volume-Price-Patterns-Context & Catalysts, an Application to Trading Stocks
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Firstly I'd like to clear something up.
What I'm showing here is NOT a system or a method of trading.
Its an Introduction to Charting.
The ability to anticipate future price action of participants trading Stocks and Shares.
If your a discretionary trader
Regardless of what you use as a buy/sell or hold strategy,having the ability to look at a chart before or during a trade and be able to anticipate with some degree of accuracy the next hrs/days/weeks trading
with the view of risk mitigation and trade management, I have found charting to be very beneficial not only to my trading balance but also to my peace of mind.
Whatever you adopt as a chart reading tool or methodology it in itself isn't a trading plan or method.
It can certainly be seen as --- at best a story of past and even real time participant behavior with the view of acting upon your own analysis by buying/holding or selling.
Reading a chart can become a valuable tool---certainly in managing and in particular putting together a MEANINGFUL watch-list. It also gives you indications of when and why to cull it.
Whether trading
Breakouts,pull backs,value stocks
outliers moves,----and some of these can be incorporated into systems.
- Joined
- 18 January 2010
- Posts
- 20
- Reactions
- 10
Great thanks Tech/a so it's an indicator like support and resistance and fib lines.
So if you look at IMC which has held above the box that is good as it is being used as support. Is that right?
And NAN has gone down through the box but stayed within it and has gone out through the top again. Would you expect it to retest the box (like a support/resistance line or just continue from here?
So if you look at IMC which has held above the box that is good as it is being used as support. Is that right?
And NAN has gone down through the box but stayed within it and has gone out through the top again. Would you expect it to retest the box (like a support/resistance line or just continue from here?
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
What do you mean by IT
- Joined
- 18 January 2010
- Posts
- 20
- Reactions
- 10
Sorry I didn't make myself clear:
Volume control bar box is an indicator?
IMC the top of the last VCBox?
NAN's last VCB and then the price action?
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
VCB creates a zone defined by the range of a bar including any gap
As it clearly moves past congestion.
This bar is where supply is defeated leaving price with less resistance.
If trading falls back into this zone we are looking for accumulation if price is to continue forward.
Volume and range are key
As it clearly moves past congestion.
This bar is where supply is defeated leaving price with less resistance.
If trading falls back into this zone we are looking for accumulation if price is to continue forward.
Volume and range are key
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
I want to really show this important price movement
that you will see often in a chart. Something that can
look innocuous but see it often enough in similar incarnations
and you'll be able to take advantage of moves BEFORE they
occur with minimized risk.
Its really important to be able to SEE whats happening.
Do people prefer the larger Image or the thumbnails
that take up less space on a thread?
that you will see often in a chart. Something that can
look innocuous but see it often enough in similar incarnations
and you'll be able to take advantage of moves BEFORE they
occur with minimized risk.
Its really important to be able to SEE whats happening.
Do people prefer the larger Image or the thumbnails
that take up less space on a thread?
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Thanks Tech …. Personally, I like to see larger pics at a glance …. We are all lazy and like immediate gratification
PS On a slightly different tack, I think your interpretation of the Price movements in CAG either on this or its own thread would/could be invaluable … Cheers
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Have already on the CAG thread.
Anything in particular other than
When is it going to double in price
A few days before it does?
Anything in particular other than
When is it going to double in price
A few days before it does?
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
All good Tech …
I was thinking in relation to "micro managing" the current price action on CAG for eg...
ie. It has risen exponentially ….
todays price action has dropped 10% (normal) but very little Supply or Demand in either direction …
How do we read the daily price action from here forward??
ie. ie. … I think it could be a good learning example irrespective of where it heads from here
.... If you are happy to give a daily commentary on it from this point, I 'm sure many would appreciate your thoughts … Cheers.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Ok will do in the morning
There is a way to look at this
There is a way to look at this
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Thanks for that ….
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Hi
Placed a heap of charts up in the sister thread.
Managed to very nearly complete this topic but managed 80% of the basics and
touched on most of the aspects for finessing.
There has been great discussion here and on some individual threads.
I note some of you have cottoned on to this chart reading stuff and the way I approach it.
Not only that but you can see the merit in it and some are actually finding some great
prospects and learning how to cull their Watch list and get IN FRONT of some great trades.
Further they have seen and had a go at managing their trade by reading the right hand edge
price action which has lead to further opportunity in some cases.
Patience in others,and closing of trades in some as well.
Its not a perfect science but this refinement I have made ---I think makes it pretty reliable.
Reliable then makes it a valuable tool.
Off for 2 mths of adventure and wandering around Italy and the UK and a few days in Singapore.
Ill visit from time to time but no charts and no trading. Happy to help if I have time--not likely!
Will continue when I return.
I encourage you all to have a go (Those interested) Throw out those calls and have confidence
in the charts
EG CAG my personal bias was not supported by the chart and as such I missed out!!
Be safe keep well and see you soon.
Placed a heap of charts up in the sister thread.
Managed to very nearly complete this topic but managed 80% of the basics and
touched on most of the aspects for finessing.
There has been great discussion here and on some individual threads.
I note some of you have cottoned on to this chart reading stuff and the way I approach it.
Not only that but you can see the merit in it and some are actually finding some great
prospects and learning how to cull their Watch list and get IN FRONT of some great trades.
Further they have seen and had a go at managing their trade by reading the right hand edge
price action which has lead to further opportunity in some cases.
Patience in others,and closing of trades in some as well.
Its not a perfect science but this refinement I have made ---I think makes it pretty reliable.
Reliable then makes it a valuable tool.
Off for 2 mths of adventure and wandering around Italy and the UK and a few days in Singapore.
Ill visit from time to time but no charts and no trading. Happy to help if I have time--not likely!
Will continue when I return.
I encourage you all to have a go (Those interested) Throw out those calls and have confidence
in the charts
EG CAG my personal bias was not supported by the chart and as such I missed out!!
Be safe keep well and see you soon.
- Joined
- 18 January 2010
- Posts
- 20
- Reactions
- 10
Have a great trip tech/a.
Country Lad
Off into the sunset
- Joined
- 11 July 2005
- Posts
- 1,554
- Reactions
- 1,487
Have a good trip tech, we are off soon for 3 months - maybe I'll run into you in Italy or England. Or maybe not, that's inviting a car crash.
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Thanks for your insights Tech …. Very much appreciated by all and sundry …. Have a good trip … See you when you return to the Dark Side
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Heightened awareness, spatial awareness and good listening helps make for an enjoyable foreign land adventure. See you on the rebound.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Anytime mate !
- Joined
- 7 July 2011
- Posts
- 26
- Reactions
- 11
All the best for your travels Tech. And thanks again for all your efforts in this and your other educational threads. I have found them to be invaluable.
Hello @tech/a
You added a poll to this thread and I thought of also adding few words - yeah 3.5 years later
I'm relatively new to trading and I started reading this forum seriously about 3 months ago.
It took me a while to sort out the useful from the trivial information but your writings bring me great joy.
I have a visual ability like you describe and I wondered a long time whether it was useful for anything, thank you for this epiphany.
I relate to your writings the best and appreciate you freely sharing all that you can, helping people that ask for it and even tolerating the disruptive ones.
Personally, I prefer to read and search rather then pollute this cyberspace with trivial questions, but please know you're making a difference to my share trading education.
All the health in the world to you.
Cheers
Jon
You added a poll to this thread and I thought of also adding few words - yeah 3.5 years later
I'm relatively new to trading and I started reading this forum seriously about 3 months ago.
It took me a while to sort out the useful from the trivial information but your writings bring me great joy.
I have a visual ability like you describe and I wondered a long time whether it was useful for anything, thank you for this epiphany.
I relate to your writings the best and appreciate you freely sharing all that you can, helping people that ask for it and even tolerating the disruptive ones.
Personally, I prefer to read and search rather then pollute this cyberspace with trivial questions, but please know you're making a difference to my share trading education.
All the health in the world to you.
Cheers
Jon
Similar threads
