Jump to content

TA - Technical Analysis

Recommended Posts

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

Share this post


Link to post
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?

Share this post


Link to post

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.

image.thumb.png.d288910a26ff526c684968bd9cbab13e.png

 

  • Great! 1

Share this post


Link to post

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

Share this post


Link to post
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.

 

  • Like 1

Share this post


Link to post

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

 

Share this post


Link to post
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' 

Share this post


Link to post
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?

Share this post


Link to post

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 :) 

Share this post


Link to post

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

Share this post


Link to post
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!

Share this post


Link to post
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 😓

  • Thought provoking 1

Share this post


Link to post
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 :D 

Share this post


Link to post
1 hour ago, dmedin said:

Quite right, Eileen, I just need patience :D 

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.

 

  • Great! 1

Share this post


Link to post
Posted (edited)
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 by dmedin

Share this post


Link to post
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 🙄

  • Thought provoking 1

Share this post


Link to post
5 minutes ago, Caseynotes said:

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

What does this mean 😒

Share this post


Link to post

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

:D

Share this post


Link to post
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.

Share this post


Link to post
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 😎

Share this post


Link to post
2 minutes ago, Caseynotes said:

you are not a good listener.

I listen in good time Eileen 😎

Share this post


Link to post
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.

Share this post


Link to post
Just now, Caseynotes said:

the same advice is repeatedly ignored

No it hasn't.

Share this post


Link to post
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.

  • Thanks 1

Share this post


Link to post

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.

 

 

Share this post


Link to post
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 🥴

Share this post


Link to post
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.  

  • Great! 1

Share this post


Link to post

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

30 min;

 

  • Thought provoking 1

Share this post


Link to post
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 :D 

Share this post


Link to post
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 :D 

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

  • Thought provoking 1

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Member Statistics

    • Total Topics
      12,823
    • Total Posts
      65,803
    • Total Members
      86,825
    Newest Member
    Eleanoralice
    Joined 29/10/20 08:36
  • Posts

    • Start the conversation The US election is scheduled for Tuesday 3 November 2020, when all 50 states and Washington DC will cast their votes. The vote spans six different time zones, so the first exit polls will be available at around 11pm (EST) when West Coast voting closes. In the UK, that will be around 4am (GMT) on Wednesday 4 November 2020. The election is likely to create opportunities for traders, with price movements expected across a range of forex pairs, indices and commodities in the run-up to polling day. Volatility related to the election could continue until congress certifies the result on Wednesday 6 January 2021, or even until the winner is inaugurated on Wednesday 20 January 2021. What should traders expect to see during the US election? All US markets tend to experience increased volatility in the run up to a presidential election, including USD forex pairs, indices and commodities. That’s because many investors will attempt to lock in positions before the result is announced – using polls to gauge public sentiment. The aim is to take full advantage of the price moves that occur when the country’s political direction is confirmed. At the top level, early indications suggest that the following could be on the cards if one of these two main candidates win: Donald Trump A Trump win could see an escalation of the trade war, potentially causing problems for some US exporters and having a negative impact on the value of the dollar. However, this effect could be offset by reassurances that tax cuts and deregulation will continue – boosting the US economy. Joe Biden A Biden win could see tensions in the trade war cool, providing a boost to US exporters and the dollar. However, these effects could be offset by tax increases for high-income households, and more limited deregulation.   How will markets react to the different candidates? Market commentary by IG Senior Market Analyst Joshua Mahony Stocks Markets hate uncertainty, and historically the perception has been that a new president might bring policies that could be harmful for stocks. This happened in 2016 when analysts were confident that a Trump presidency would spark a market collapse. But, we are now seeing that same fear creep in as people consider a Biden presidency and the potential uncertainty it could cause. Biden is openly more left-leaning, and his policies are expected to be geared towards human needs rather than those of investors and traders. This sentiment isn’t helped by suggestions that Biden would reverse Trump’s tax cuts, and it is likely that markets will rise alongside the potentially increased chance of a Trump victory as we approach the election. USD The value of a currency is supposed to reflect the health of an economy and its future prospects. Many are expecting Biden to be less focused on the markets than his Republican opponent, so the dollar could weaken in the event of a Biden victory. However, this effect could be offset if Biden is able to improve relations between the US and China after years of market anxiety. In this scenario, it would be the Chinese yuan which may benefit the most, with the trade war having sparked huge upside for USD/CNH. Keep in mind that if the wider markets fall on a Biden victory – including US stocks and indices – the dollar would likely rally in the short-term to reflect a risk-off move as investors turn to USD. Gold The prospect of a more expansive fiscal policy under Biden, and from a government which is happy to embark on substantial spending programmes, could provide a boost to precious metals. There’s a caveat here too, because in the past precious metals have also followed the same patterns as the stock markets during times of crisis. So, any collapse in equity markets that may come from a change at the White House could drag gold lower in the immediate period. Plus, while Trump has finally seen the kind of stimulus he would have hoped for, a Biden win could result in a more substantial stimulus package if the Democrats gain a foothold in Congress.   How are you trading?
    • Dax has been volatile today. Down 600, Dax down 4% on COVID fears. US open in 10 minutes. 
×
×