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How trade using Technical Analysis Safely
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dividend
Member |
11-May-2011 14:24
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While
I was searching for the key elements I found some useful tips provided by Steve
Warshaw...They are as follows:- Quiet useful.. |
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calculus1985
Senior |
07-Dec-2010 07:07
Yells: "lollymotion dot com" |
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welcome no problem =) | ||||
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krisluke
Supreme |
06-Dec-2010 18:48
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Thanks for the explaination. Appreciated .
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calculus1985
Senior |
06-Dec-2010 18:19
Yells: "lollymotion dot com" |
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by the way, i do not know alot... also still learning. I documented most of the thing i learn in my website. I try to write summarize and write them in a concise manner. Cut away the grandma and grandpa story, straight to the point and share with everyone. Hopefully can help people to learn too =) | ||||
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calculus1985
Senior |
06-Dec-2010 18:04
Yells: "lollymotion dot com" |
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haha sadly none, i am a computer engineer working in engineering sector =P... i pick up my financial knowledge by self reading from those finance Reference text, lecture notes and investment books.
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epliew
Supreme |
06-Dec-2010 17:48
Yells: "no worries be happy !" |
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for a 1985.... u seems to know alot.... is by training in school or finance sector ?
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calculus1985
Senior |
06-Dec-2010 17:47
Yells: "lollymotion dot com" |
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If i am not wrong, William % and Stochastic is about the same. But the calculation is slightly different. One of them is use Highest High, the other is use Lowest Low of the closing price over "n" period. Stochastic Oscillator also appears to be more "smooth" than William %R but you can william %R by taking the EMA or SMA of William %R. Both of them is an oscillator indicator. Mainly used for detecting of reversal. ADX, i hardly use but from what i know (correct me if i m wrong), it is for detecting the strength of the current trend. < certain threshold (e.g. 20) it is weak trend. > (e.g. 40) it is strong trend. The trend can be bullish or bearish. It is better if divergence appears in the signal. OBV is use to confirm the current trend. If price rise, OBV rise too => bullish. if price drop OBV rise => Positive Divergence(bullish). If price drop, OBV fall => bearish. If price rise, OBV drop => -ve divergence (bearish) Read my detail explanation on OBV here |
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krisluke
Supreme |
05-Dec-2010 13:37
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@ calculus1985 I'm a bit confused abt william % and stochastic % K indicator. what is their difference? btw, ADX and OBV can explain about too. many many thanks |
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iPunter
Supreme |
05-Dec-2010 13:02
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Wow.. If like this, it's very hard to become rich playing stocks! If they 'mau' (whack big), they may lose until jialat-jialat... If they don't 'mau', how are they to become rich?. Many want to become rich with stocks, they don't want to waste time making kachang-puteh. They like to invest big-big, so they 'mau'... 
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calculus1985
Senior |
05-Dec-2010 12:27
Yells: "lollymotion dot com" |
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one more thing to add for trader/investor if after calculation, you realize the trade volume is too small (couldn't buy due to small volume) or the profit is not attractive enough. Don't try to increase your risk capital. It is better to pass that trade. Money opportunity is presented everyday. There is no such thing as you miss this opportunity then you will not be rich. yes, you might feel abit regretted that you nv increase the size if the trade turn out to be good. But imagine if you predict wrongly, you will lose more! It always take more effort to win back what you have lost. To stay in this market long enough and continue to win, you cannot risk a large capital (unless u got too much money to burn?)
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iPunter
Supreme |
05-Dec-2010 10:22
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You are so right... Whether one is a trader or investor, it is of utmost importance to first determine how much one can afford to lose. This is because in the stock market, profit is not the rule, but the exception. If this were not so, we would not have seen so many people distressed and also committed suicide. too. And many of them had seriously intended to be investors in the beginning too. This is why people say- "Don't 'main-main' (treat lightly) with shares".
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Hulumas
Supreme |
05-Dec-2010 10:11
Yells: "INVEST but not TRADE please!" |
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I do not trade but I invest!
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calculus1985
Senior |
04-Dec-2010 10:25
Yells: "lollymotion dot com" |
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Trading is not just about using the technical indicator. It is not about how much you can win at one go. It is about how discipline you are. Follow the set of rules that you determine. Your trade volume is not anyhow determined. Your trade volume should always be related to the amount that you willingly to risk. read my Tutorial on Trading with Technical Analysis here |
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