Trading using with candlesticks only and nothing else

Discussion in 'Technical Analysis' started by ndtrader14a, May 23, 2016.

  1. deaddog

    deaddog

    You should take a course in TA.:)
     
    #121     Jul 22, 2021
    SunTrader likes this.
  2. deaddog

    deaddog

    Yup ; I can scan all the stocks in the universe I set the criteria for. Just have to know what you are looking for.
     
    #122     Jul 22, 2021
  3. So someone told you that “something something volume is institutional”? What were these people’s qualifications? How do you know this is true?
     
    #123     Jul 22, 2021
  4. Right — it’s faster to sort for momentum than to look at 50 charts of companies… point being you don’t need charts to analyze momentum, you just need price data.
     
    #124     Jul 22, 2021
  5. deaddog

    deaddog

    I kind of picked it up reading about successful traders.
     
    #125     Jul 22, 2021
  6. deaddog

    deaddog

    Charts are an easy way to look at price data. That's what a chart is isn't it a visually pleasing way to look at price data.
     
    #126     Jul 22, 2021
  7. Ok so you don’t actually know.
     
    #127     Jul 22, 2021
  8. Yep no one is saying otherwise
     
    #128     Jul 22, 2021
  9. deaddog

    deaddog

    I make assumptions; Huge volume usually eliminates the retail investor. In order for stocks to move they need institutional support. I got that from O'Neil.
     
    #129     Jul 22, 2021
  10. How does huge volume eliminate the retail investor? What if you’re just seeing a bunch of orders filling at the same time? And what makes you think that what O’Neil said is true?
     
    #130     Jul 22, 2021