Technical Analysis Automation

Discussion in 'Technical Analysis' started by TrendSpider_Jake, Dec 7, 2018.

  1. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    This chart of FB shows a piercing pattern setting up. The last time this occurred, there was a continued move up. A simple backtest with the automatic candlestick recognition. Screen Shot 2018-12-07 at 7.04.51 AM.png
     
  2. tommcginnis

    tommcginnis

    "And how does that help me make money?"
     
  3. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    We don't help people make money. TrendSpider is a charting platform that automates many of the manual processes of technical analysis to make charting more efficient and consistent as well as allows users to customize their automated settings.
     
  4. qlai

    qlai

    TA is mostly a self-fullfilling prophecy, imo. So I want to see what others see and either join or fade. I see you can set up chart alerts, which is nice feature.

    Take it back :)
     
    tommcginnis likes this.
  5. Jack1960

    Jack1960

    You need some help with messaging. PM me if you like.
     
    tommcginnis likes this.
  6. LanceJ

    LanceJ

    Probably better to take a long position closer to the bottom boundary of the channel. Place the stop below the lower boundary.
    Is it more likely to make profit in a short position there? Closer to the stop, which would be above the upper boundary, which is also the stronger of the two trend lines. More space inside & below the channel for profit taking.
    Watch volume to confirm break-outs