Ahh but only "The Expert" knows where he is taking the thread. My question is if he is going nowhere how will we know when he gets there? Could it be we are already there and don't know it? We need more wisdom Maybe along the lines that if you know what you are doing you can make GOOD money!!!!
I agree with you maestro, all TA can do is help quantify probabilities, I don't see TA as a magic bullet that can see into the future, but it's certainly enough to give you an "edge" I like your analogy of a pressure gauge.
Also IG only do flat rate commissions, which is no good to you if you're going to be testing your technique on very low volume lots.
Yes, just thought it worth a look, I didn't like their software either, it seemed very basic. Need a CFD platform which can show a stock's relative strength compared to an index or sector, and futures v. cash divergence. There doesn't seem to be an easy way to find one except by trying various demo accounts to see what facilities are provided.
So here is a chart with some squiggly lines and pretty colors. What do you see on it that is important to you? There are thousands of charts to post................why this one? What on the chart helps you decide when to enter and when to exit a trade if you even placed a trade on this stock?
You probably noticed that there are two concerns for dong "two line analysis". 1. Tuning the two lines to the instrument and its market, and 2. Recognizing the six possibilities of the two lines and their respective order of events. As you see concern 1 is not met. Why is not the question. The question is how did the orginal designers of two line analysis get it right and how did they use their recognition of concern 2, to make money? The time when these two line analysis creations tok place was right after Dow Theory was in the bag and widely used. Was it reasonable that two two line analysis valuation systems held sway right from the bignning? Of course. And what was the conequence of eaxh signal generating method? Are either of these stock charts telling anyone something about whether or not they are worth trading? Of course. Indicators of markets and instruments, were put to bed as successful bedrock foundations for amassing capital right from their inception. What made these early creators so successful in their pursuits? Was this lost in the annals of history? Was their work reinvented over and over? It pretty good that volume has finally appreared on a couple of charts. When will the volume indicators appear? Actually, when did they occur?
looks like this roller coaster ride is set to continue, so much for trying to interpret the "funnymentals" you'd stand half a chance if investors made decisions based on sound logic, but they don't, they act on emotion...