What are the most important things for Technical Analysis?

Discussion in 'Technical Analysis' started by iamnewuser911, Jun 14, 2016.

  1. support/resistance
    when to get out
    stops where nobody can find them
     
    #161     May 18, 2018
  2. themickey

    themickey

    #162     May 19, 2018
  3. Noone123

    Noone123

    The hardest thing about using TA is to be able to quantify the signals into meaning data set in which you can study the markets. By looking at charts alone, its hard to perform meaning quantitative studies. This was my past mistake.

    Most indicators are derivatives of mathematical formulas. If you can pull the historical data to excel, crunch the formula for any of your favorite indicator(s), then, it maybe easier for you analyze the data set and test your theories.

    I dont even use indicators at all now for my trading system. Although, I have yet to quantify any of the generic indicators. I wish I had steered away from charts and TA in the beginning. Although, support and resistance can be easier seen on charts.
     
    Last edited: May 19, 2018
    #163     May 19, 2018
  4. Free Lunch trading strategy

    A 50-day RSI and a 100-day RSI would have worked except a 100-day RSI is inconsistent across Barchart technical charts, so I used 20-day RSI and 50-day RSI.

    Buy funds from a Free Lunch Buy Screener that preferably have the 34-day Keltner Channel turning up in your favor and the Awesome Oscillator not much above the green. Close a trade by the 20-day RSI becoming less than the 50-day RSI. Reverse these rules for short selling. Avoid sluggish bond funds and the highest-flying leveraged funds.


    Screen Shot 05-20-18 at 01.14 PM.PNG Screen Shot 05-20-18 at 01.14 PM 001.PNG Screen Shot 05-20-18 at 01.14 PM 002.PNG Screen Shot 05-20-18 at 01.14 PM 003.PNG Screen Shot 05-20-18 at 01.15 PM.PNG Screen Shot 05-20-18 at 01.15 PM 001.PNG Screen Shot 05-20-18 at 01.17 PM.PNG Screen Shot 05-20-18 at 01.17 PM 001.PNG
     
    #164     May 20, 2018
  5. Since you can short sell only the most popular funds, you ought to buy and sell the most popular funds to get a feel for where the big money is and buy a few less-popular funds as needed.

    Screen Shot 05-22-18 at 07.27 AM 002.PNG Screen Shot 05-22-18 at 07.28 AM 001.PNG Screen Shot 05-22-18 at 07.27 AM.PNG Screen Shot 05-22-18 at 07.28 AM 002.PNG Screen Shot 05-22-18 at 07.28 AM.PNG Screen Shot 05-22-18 at 07.27 AM 001.PNG
     
    #165     May 22, 2018
  6. Nine Lives trading strategy:

    Buy funds from a Nine Lives Buy Screener. Sell when the 9-day MACD is clearly below zero and the Awesome Oscillator says it’s time to sell. Reverse these rules for short selling.

    Screen Shot 05-23-18 at 07.27 PM.PNG Screen Shot 05-23-18 at 07.28 PM.PNG Screen Shot 05-23-18 at 07.31 PM.PNG
     
    #166     May 23, 2018
  7. I went back to using Hi-Lo Country.

    Buy funds from a Hi-Lo Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 9-day Slow Stochastic %D. Sell when the 9-day RSI is below the 50-day RSI unless the 9-day Slow Stochastic %K and 9-day Slow Stochastic %D say you should keep it. Likewise, it can be good to sell off funds in the 50 to 60 range on the 9-day RSI if the 9-day Slow Stochastic tells you to. Reverse these rules for short selling.

    Screen Shot 05-25-18 at 05.08 PM.PNG Screen Shot 05-25-18 at 05.08 PM 001.PNG Screen Shot 05-25-18 at 05.09 PM 001.PNG Screen Shot 05-25-18 at 05.09 PM.PNG Screen Shot 05-25-18 at 05.12 PM.PNG Screen Shot 05-25-18 at 05.13 PM 001.PNG Screen Shot 05-25-18 at 05.13 PM.PNG
     
    #167     May 25, 2018
  8. I got to thinking a system with just stochastics would be better than a system with both RSI and stochastics.


    Buy funds from a The Dealer Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 14-day Slow Stochastic %K. Sell when the 9-day Slow Stochastic %K is below the 14-day Slow Stochastic %K. Reverse these rules for short selling. The 9-day and 14-day system can get to making no sense in extended bullish or bearish conditions. In this case, hold until the 20-day Slow Stochastic %K comes out of the overbought or oversold range or more likely it will be obvious the 9-day and 14-day system is working before that happens.


    Charts

    The Dealer 6-mo.
    Candlesticks
    Daily
    Keltner Channel (5)
    Keltner Channel (34)
    Bollinger Bands (20,2)
    Price Percentage Oscillator (5,34,5)
    Slow Stochastic (9,1)
    Slow Stochastic (14,1)
    Slow Stochastic (20,1)
    Also in 1-yr. daily, 2-yr. weekly and 5-day intraday versions.


    Custom View

    The Dealer
    Symbol
    Full Name
    Last
    Change
    Percent Change
    Volume
    Time
    9-Day Stochastic %K
    14-Day Stochastic %K
    20-Day Stochastic %K


    Screeners

    The Dealer Sell
    YESTERDAY'S VOLUME
    above 1.2 M
    100-DAY HISTORIC VOLATILITY
    between [values] Range: 6% to 24%
    9-DAY STOCHASTIC %K
    less than [field] 14-Day Stochastic %K
    9-DAY STOCHASTIC %K
    between [values] 20% to 80%

    The Dealer Buy 1st
    YESTERDAY'S VOLUME
    above 1.2 M
    100-DAY HISTORIC VOLATILITY
    between [values] Range: 6% to 24%
    9-DAY STOCHASTIC %K
    greater than [field] 14-Day Stochastic %K
    9-DAY STOCHASTIC %K
    between [values] 20% to 80%

    The Dealer Buy 2nd
    YESTERDAY'S VOLUME
    Range: 0 to 1.2 M
    100-DAY HISTORIC VOLATILITY
    between [values] Range: 6% to 24%
    9-DAY STOCHASTIC %K
    greater than [field] 14-Day Stochastic %K
    9-DAY STOCHASTIC %K
    between [values] 20% to 80%
     
    #168     May 26, 2018
  9. Scratch off that 20-day Slow Stochastic and take that 9-day and 14-day system seriously and if you don't trust that system with that fund, just get a fund you do trust it in.
     
    #169     May 26, 2018
  10. I use a 9,3 Slow Stochastic except I've got to use the 14-day Slow Stochastic %K to find funds on the screener because Barchart doesn't let you screen %K to %D.
     
    #170     May 27, 2018