|
PureBytes Links
Trading Reference Links
|
Gemms I agree with Bala. But trading with moving avg crossovers (while fair) are to me too late for entries or exits. If you are just starting to learn about technical trading then a good site to go is stockcharts.com http://stockcharts.com/school/doku.php?id=chart_school
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info. And here are a few more sites.
http://finance.yahoo.com/education
http://simulator.investopedia.com/
http://simulator.zacks.com/
http://www.fxcm.com/open-free-100k.jsp
http://www.alpari-idc.com/en/metatrader4...
The best tip I can give you is to try what you learn on demo trading sites before trading with real money. Then you won't be losing your hard earned money while you learn the basics. Also you may find that using several trading technical aspects combined can confirm each other for entry/exit points. Like using trendlines, fibonacci, candlesticks, bollinger bands, volume, chart patterns, and option strike prices (which are every $2.50 (like $5.00, $7.50, $10.00, $12.50 etc). Now using these don't mean they will turn exactly at say $10. 00, a trendline, fibonacci retracement line, or on a dime, so to speak, but they can increase the reward risk ratio in your favor. Also using leading indicators as their name implies, leading indicators are designed to lead price movements. Most represent a form of price momentum over a fixed look-back period, which is the number of periods used to calculate the indicator. For example, a 20-day Stochastic Oscillator would
use the past 20 days of price action (about a month) in its calculation. All prior price action would be ignored. Some of the more popular leading indicators include Commodity Channel Index (CCI), Momentum, Relative Strength Index (RSI), Stochastic Oscillator and Williams %R.
Another important note, don't trade against the current trend. Until you can identify the support and resistant levels. I mainly use Lightning Strikes Trading System to identify my entry/exit points of current trend changing. And I confirm using some or even combinations of other technical aspects that I explained above. Example; If you go to the files section and look at file named Burts (rbw1226's charts) then look at file DJI 11-21-07 daily.doc and DJI 11-30-07 daily.doc and I will post yesterdays DJI 1-24-08 daily.doc after I email this. But you will see I used fibonacci, trendline, and Lightning Strikes Trading System to confirm change in trends for my entry/exit. Now LSTS is expensive at $5,000 usd, but it sure does increase my reward/risk ratio. And has paid for itself many times over. And real easy to trade. There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus
whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance.
But I wish you and everyone the best, what and however you trade, may you be prosperous. And I hope this helps you.
Rod Whitley
----- Original Message ----
From: Bala Jeyaraman <sodabottle@xxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Friday, January 25, 2008 9:22:03 AM
Subject: Re: [EquisMetaStock Group] turnning point indicator
gemms,
there is no universal indicator which stands good for all securities for all
the time. But moving avg crossovers usually are fair indicators of trend
change but which moving averages for the particular security you need to
find out by testing historical data (use enhanced system tester with
optimization)
On Jan 25, 2008 6:29 PM, gemms <kloush@xxxxxxxx com> wrote:
> are there a unique indicator for point on a long term tred or on short
>
>
>
--
Beauty lies in the eyes of the beer holder
[Non-text portions of this message have been removed]
____________________________________________________________________________________
Looking for last minute shopping deals?
Find them fast with Yahoo! Search. http://tools.search.yahoo.com/newsearch/category.php?category=shopping
[Non-text portions of this message have been removed]
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|