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Tech Analysis

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  • 11-06-2017 12:17pm
    #1
    ulinbac
    Registered Users Posts: 707 ✭✭✭


    Hi,

    Just wondering how many out there use TA?

    If so, what do you use and why?
    Did you find it difficult?
    Why dont you use fundamentals?
    What do you trade?

    I used to trade equities and use a mix of fundamentals for research and tech for entry.

    Now only use price action on Dax, GBP/JPY and sometimes oil or Dow. Just use a 1min chart

    Having moderate success currently but taken its time to learn.

    Thanks


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    #2
    nuac
    Moderators, Society & Culture Moderators Posts: 6,769 Mod ✭✭✭✭nuac


    Have looked at it off and on over the years or indeed decades.

    Often wonder how much of it is self-fulfilling prophesy

    E.g chartists claim that if a share breaks through a certain level, it will go much higher to a further level.

    When the chart gets to that certain level, then investors pile in.

    But when Bank of Ireland were collapsing back about 2008/9 some were talking about all sorts of "resistance points" all the way down to below the sub 10 cents where it ended up. Dropped thru them all like a stone.

    That said charts showing share movements plus volume traded are useful


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    #3
    irish_investr
    Registered Users Posts: 49 ✭irish_investr


    Hanging man candlestick
    Head & Shoulders
    MFI (Money Flow Index)
    In my experience these are "easier" than the others. Personally I don't believe they have any predictive value, they're just interesting to watch. Oh, and I love death-crosses, especially when Marketwatch.com write about them :)


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    #4
    ulinbac
    Registered Users Posts: 707 ✭✭✭ulinbac


    irish_investr wrote: »
    Hanging man candlestick
    Head & Shoulders
    MFI (Money Flow Index)
    In my experience these are "easier" than the others. Personally I don't believe they have any predictive value, they're just interesting to watch. Oh, and I love death-crosses, especially when Marketwatch.com write about them :)

    Thanks for reply.

    Whats a death cross?

    Do you use different chart times?


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    #5
    irish_investr
    Registered Users Posts: 49 ✭irish_investr


    Thanks for reply.

    Whats a death cross?

    Do you use different chart times?

    Yep, there are Death-crosses and Golden crosses. As far as I remember, death is when 200 day moving averages crosses 50 day moving average from above. And golden cross the opposite - when 50MA crosses 200MA from underneath.


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