TA - Technical Analysis

[dmedin]

Results look good so far!  I'm great a backtrading 😂

[dmedin]

On 23/06/2020 at 12:00, Caseynotes said:

Quite a good little video (10 min) looking at trading supply and demand and is very similar to the way I like to trade. So initially looks at the key  S/D areas or levels then highlights micro S/D levels to swing trade with trend as price travels from one key level to the next.

 

 

Apropos of which, why do I never see people use pivots in this videos?

Surely a pivot is easier to actually trade with then using power of hindsight to put S/R lines on charts?

[Caseynotes]

Stochastic as a trend and a trigger indicator.

Stoch 96 (green and purple) rising or moving sideways in overbought shows an up trend so looking for long entries only.

Stoch 96 descending or moving sideways in oversold shows a down trend so looking for short entries only.

Stoch 14 K (blue) cross up over D (red) is the trigger signal for long.

Stoch 14 K crossing down under D is the trigger for a short.

 

[mda99das]

Does anyone have any youtube channels that give TA on the DOW. I know the SPX and DOW are closely linked and it is possible to transfer "patterns" from one to the other but would really appreciate if there is any youtubers that do detailed nightly TA on the DOW.

 

Thanks

[TomDee]

On 25/06/2020 at 02:05, dmedin said:

Has anyone read this?  'Stan Weinstein's Secrets for Profit in Bull and Bear Markets'

Yes, I've read this book. It's from 1988.
It's basically for traders who love technical analysis.
It's about 350 pages worth of stock and index charts, where Stan explains and analyses each one.

 

[Caseynotes]

Interesting 25 min video on understanding auction imbalances using market and volume profiling. Uses these tools to mark out areas for retest.

 

[dmedin]

On 26/06/2020 at 17:35, TomDee said:

Yes, I've read this book. It's from 1988.
It's basically for traders who love technical analysis.
It's about 350 pages worth of stock and index charts, where Stan explains and analyses each one.

 

I'm impressed that he didn't release any new editions or write other books on trading or try to sell any courses ... there's a slight chance he might be the 'real deal' 

[dmedin]

On 26/06/2020 at 07:55, Caseynotes said:

Stoch 14 K (blue) cross up over D (red) is the trigger signal for long.

Stoch 14 K crossing down under D is the trigger for a short.

I thought K crossing D is only a signal when it's in overbought or oversold?

[dmedin]

Why is my backtrading 100 times more effective than my 'real time' trading?

Because I'm a gullible punter - or a 'c&nt' in London parlance  

[dmedin]

Is there anything that works even some of the time without the benefit of hindsight?

[dmedin]

20 hours ago, dmedin said:

I'm impressed that he didn't release any new editions or write other books on trading or try to sell any courses ... there's a slight chance he might be the 'real deal' 

It's available to borrow on archive.org - for one whole hour 🤣

It's clear where these Shylocks make their money - and it's not from trading with their own money!

[Caseynotes]

13 hours ago, dmedin said:

Is there anything that works even some of the time without the benefit of hindsight?

you're not a very good listener but let's try again anyway.

everything works sometimes. every indicator developed will always have the footnote 'not to be used in isolation'. when a new indicator is created it goes through algos to determine the best settings to make as the default settings, this usually involves thousands of tests, to keep the numbers manageable they nearly all use the daily chart to run the tests on, this is fine if you are trading on the daily chart but if not it is advisable to review the default settings on your  chosen time frame.

so there are no hard rules for indicators, they can only indicate anyway. none can be relied upon to give definitive answers, this is why people will look for 2 or 3 indicators to converge to give a signal that you have found, by testing on the particular market and time frame you have chosen, to have a positive expectancy. 

you've spent months not to mention £££ trying to avoid proper testing, good luck with that 😓

[dmedin]

22 hours ago, Caseynotes said:

you're not a very good listener but let's try again anyway.

everything works sometimes. every indicator developed will always have the footnote 'not to be used in isolation'. when a new indicator is created it goes through algos to determine the best settings to make as the default settings, this usually involves thousands of tests, to keep the numbers manageable they nearly all use the daily chart to run the tests on, this is fine if you are trading on the daily chart but if not it is advisable to review the default settings on your  chosen time frame.

so there are no hard rules for indicators, they can only indicate anyway. none can be relied upon to give definitive answers, this is why people will look for 2 or 3 indicators to converge to give a signal that you have found, by testing on the particular market and time frame you have chosen, to have a positive expectancy. 

you've spent months not to mention £££ trying to avoid proper testing, good luck with that 😓

Quite right, Eileen, I just need patience  

[Caseynotes]

1 hour ago, dmedin said:

Quite right, Eileen, I just need patience  

oh dear, and these are just the students of the people you are competing against, don't need patience, need to get the work done.

 

[dmedin]

12 minutes ago, Caseynotes said:

oh dear, and these are just the students of the people you are competing against, don't need patience, need to get the work done.

 

 

Who am I competing against, more people selling training?

 

Edited June 30, 2020 by dmedin

[Caseynotes]

1 minute ago, dmedin said:

 

Who am I competing against, more people selling training?

 

every time you enter a trade someone is taking the other side, every time you loss they win, if your account is running down to zero their account is running up to their first million. but carry on as per 🤓, i'm sure you'll be fine 🙄

[dmedin]

5 minutes ago, Caseynotes said:

but carry on as per 🤓, i'm sure you'll be fine 🙄

What does this mean 😒

[dmedin]

Do you mean to say that a constant supply of gullible idiots is required,

1) To take very expensive courses (and not only that, but they are London-based - one of the most expensive cities in the world, where everywhere is out to f*k you anyway)

2) To keep putting on trades and get robbed blind, thinking they can use 'technical analysis' to make money

[Caseynotes]

1 minute ago, dmedin said:

What does this mean 😒

oh, so you finally do have a proper tested strategy with stats to prove positive expectancy and are working it with a consistency that shows profitability over a decent sample size of live trades? only whenever I look at your charts I see a confusing array of multiple and constantly changing indicators and a reliance on basic patterns straight out of 'trading for dummies', and i think - well that can't be it.

 

6 minutes ago, dmedin said:

1) To take very expensive courses (and not only that, but they are London-based - one of the most expensive cities in the world, where everywhere is out to f*k you anyway)

2) To keep putting on trades and get robbed blind, thinking they can use 'technical analysis' to make money

you are competing against other traders not educators, your obsession with educators is a diversion and oh, there was not a single chart with an indicator on it in that video, you would have noticed that but as usual you prefer to dismiss at a glance anything that doesn't fit your bias, as I said before, you are not a good listener.

[dmedin]

1 minute ago, Caseynotes said:

so you finally do have a proper tested strategy with stats to prove positive expectancy and are working it with a consistency that shows profitability over a decent sample size of live trades?

Oh yes 😎

[dmedin]

2 minutes ago, Caseynotes said:

you are not a good listener.

I listen in good time Eileen 😎

[Caseynotes]

8 minutes ago, dmedin said:

I listen in good time Eileen 😎

great but when is 'good time'? only you've been calling out for help for a while now and the same advice is repeatedly ignored and I know there is not another way.

[dmedin]

Just now, Caseynotes said:

the same advice is repeatedly ignored

No it hasn't.

[Caseynotes]

3 minutes ago, dmedin said:

No it hasn't.

good, but it takes time to put it all together and during that time you can't be losing money and running your account down because when you finally do have a chance there must be something left in the account to trade with.

[Caseynotes]

20 minute video mentoring session from the prop trading firm Axia Futures from their market and volume profiling section taking a closer look at VPOC.

 

 

[dmedin]

15 minutes ago, Caseynotes said:

20 minute video mentoring session from the prop trading firm Axia Futures from their market and volume profiling section taking a closer look at VPOC.

Sounds complicated 🥴

[Caseynotes]

14 minutes ago, dmedin said:

Sounds complicated 🥴

should probably take a look at it, not necessarily for the volume profile vpoc but for the recognition of not just jumping in because you see a pattern but the need to analyse the chart to find a viable trade.  

[Caseynotes]

Educational video from the prop trading firm Axia Futures on 'Failed Support & Resistance - Revisited' - Candlestick Charts;

30 min;

 

[dmedin]

1 hour ago, Caseynotes said:

prop trading firm

I imagine traders working for a firm benefit in a lot of ways (access to expensive tools, bouncing ideas off other traders, having a c&nt of a boss to enforce disicipline on you etc).  They are probably the only ones who make money trading for a living  

[Caseynotes]

7 minutes ago, dmedin said:

I imagine traders working for a firm benefit in a lot of ways (access to expensive tools, bouncing ideas off other traders, having a c&nt of a boss to enforce disicipline on you etc).  They are probably the only ones who make money trading for a living  

They have to, they pay about 2k a month desk fees for those benefits you list.