Welcome! Here is my trading journal with my:
point and figure charting,
Richard D. Wyckoff method analysis,
relative strength analysis,
and inner thoughts and feelings.
In my trading I have been using point and figure and the Richard D. Wyckoff method for many years now. I usually do top-down analysis by first identifying the market setup, I then do sector analysis and relative strength analysis to find the strongest or weakest stocks in the strongest or weakest sectors.
In my investing I combine fundamental analysis with the above and I use a few exceptional market timing signals for longer term bullishness or bearishness. These have showed to be far more accurate than my own feelings, so Iâd rather trust the professional quantitative analysts than my own emotions. These signals are also used in my shorter term trading.
I will start this trading journal where I gather my thoughts and post my trading ideas. Instead of writing this down in my paper journal book, Iâd might as well post it here if anyone is interested in reading.
These are my ideas, and you are invited to follow me. I like to exchange ideas and learn from my readers as well.
Here is a standard Point and Figure analysis / Wyckoff Technical analysis setup for AAPL that I have been trading with success this past year.
This is what I usually look at in my technical trading: P&F chart of the stock. Bar chart of the stock. A P&F chart of the market (S&P 500). The Relative Strength versus the market. Usually I don't do RS analysis of the sectors. I get a fairly good view on the strong and weak sectors to avoid just by viewing their charts. As long as we are stronger than market, we're usually golden.
So what about the analysis of AAPL?
We are in a down trend with some kind of support at around 580. We already broke the 650 support. (And I got stopped out.) We went back to lick it (Wyckoff test of ice, guys). Markets seem to want to go south, but is hesitating a bit. AAPL is short-term weaker than the market which is generally not a good sign. AAPL has been a market leader for a long time, and when the market leaders stop going up, normally the rest of the pack will follow it sideways or down.