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Teach me Technical Analysis!!! - Page 13

post #241 of 339
Just read the last few posts. I've spent a year now learning T/A. There are some indicators that tell you a lot like the A/D indicator used in conjunction with the MFI and the OBV indicators about money flow, and share dilution. But when it comes to entry and exits on a stock, I'm getting to where I depend mostly on the moving averages and bollinger bands for support and resistance.

Now, for the point made above about the psychology. One thing I've finally learned the hard way, is to use stop losses to keep the trades gone bad from getting worse.

I can't count the times I held on to a stock that started tanking and believed it would be coming back, only to finally have to take a much bigger loss a week or two later.

One, it ties up your trading capitol. And two, it obviously kills your account balance. And then, if you just cut your loss right away, weeks later if that stock does come back, then you can jump in and out of it again with a profit.

Still learning!
post #242 of 339
My most used indicators.... rsi, mfi, macd, and accdist. strength money trend accumulation.
post #243 of 339
finally i have completed the entire thread. now off to the books and stockhart.com. Thanks guys for all your insightful inputs

StockJoc-e, thanks !
post #244 of 339
Thanks for taking the time to make this thread!
post #245 of 339
cool...thanks.
post #246 of 339
Nowadays i prefer using HiLo's, pivots and Fibo lines. I'm not a pro trader though...








post #247 of 339
thanx sin-say stock jock-e for making me a little bit less of a noob
post #248 of 339
Got to learn to control myself,

I was in such a hurry to take back positions in other stocks after a major hit i invested to early and we started tanking late jan...

I'm now sitting in the red by 2k$ on these holdings... hope i'll see the green anytime soon

Man, learning to know yourself is way more important than TA if you ask me!
post #249 of 339
Quote:
Originally Posted by Mitas View Post
Got to learn to control myself,

I was in such a hurry to take back positions in other stocks after a major hit i invested to early and we started tanking late jan...

I'm now sitting in the red by 2k$ on these holdings... hope i'll see the green anytime soon

Man, learning to know yourself is way more important than TA if you ask me!
Psychology is paramount to any trading style. If your mind isn't right your not going to win consistently, if at all.
post #250 of 339
Best Advice: Even though there are tons of technical indicators out there only pick the ones that complement your style.

My strategy: I look at the daily charts for b/o, ascending triangles, flags, gaps, cup & handles, other bullish patterns. From there I enter these situations when the stocks have volume and the price goes beyond a predetermined point (breakout b/0). As far as exits go I watch 1 or 3 min and keep track of bollinger bands and volume.
post #251 of 339
Great thread, thanks for all the info!

Can you talk a little more about different time frames for charts? What do you usually use for short term investing(like 4-6 months)? Thanks!
post #252 of 339
anybody?
post #253 of 339
Thread Starter 
Quote:
Originally Posted by Pmuhar View Post
Great thread, thanks for all the info!

Can you talk a little more about different time frames for charts? What do you usually use for short term investing(like 4-6 months)? Thanks!
Short term investing is 10seconds to 4hrs.

What you mentioned, 4-6 months, is long term by most standards.

You should be using the daily chart, 60min, and 15min to find your entry or exits.
post #254 of 339
Quote:
Originally Posted by StockJock-e View Post
Short term investing is 10seconds to 4hrs.

What you mentioned, 4-6 months, is long term by most standards.

You should be using the daily chart, 60min, and 15min to find your entry or exits.
Personally I like the weekly chart over daily. Daily has lots of gaps and noise IMO. Plus the weekly makes long consolidation more manageable to read, chart wise.

60 Minute is a great timeframe for all traders/investors to watch! TOS just extended their 60 minute charts to 180 days instead of a meager 20.
post #255 of 339
A very handy thread, thanks!
post #256 of 339
felt that this was a good link, they talk about a lot of things that determine market directions which is very important right now, just to say the least

http://www.stockdisciplines.com/market-review
post #257 of 339
Thread was very helpful. Thanks everyone especial Jock-e!
post #258 of 339
i bought "Trading in the Zone" by Mark Douglas this weekend and I'll probably start reading it sometime this week. I'm gonna give myself more knowledgez!
post #259 of 339
im looking to hold trades for about a week or so what time frame and set ups should i be looking for to do this kind of strategy?
post #260 of 339
Quote:
Originally Posted by Tasho View Post
im looking to hold trades for about a week or so what time frame and set ups should i be looking for to do this kind of strategy?
I would suggest...
Buying when something is at a low micro cycle/wave point...but in an macro uptrend.
Selling when something is at a high micro cycle/wave point and in a macro downtrend.

This keeps you with the trend and allows you to play "value", meaning you buy low or sell high on entry. Profitable trades are determined at entry more less.

The weekly chart is a great tool for the macro picture. Then as a swing trader I'd probably suggest the 60 minute chart as your micro trend timeframe.
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