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Thanks, good point about the moving average. Do you prefer EMA or SMA?

Thanks for your replies. I drew the lines myself based on the understanding that the s/r line should touch as many candle tops and bottoms as possible. If I may ask where would you draw the lines and why? Thanks

Thanks if you don’t mind what is the difference between technical and psychological levels?

Think of me as a student. Both questions are to enable learning. I am not making a knowledge claim. And I learn best by trying and examining actual charts for myself. I could have asked:”what charts prove TA is right?” But figured there would be responses to go read TA books, etc. But...

I’d like to understand TR levels if I’m wrong would appreciate any corrections Thanks

To paraphrase my question, I would ask what charts show the TA is bullshit.

thanks

I found this gem on youtube, sorry if it was posted here already but there is a youtube video series of the ACD traiding method Also, I'd like to clarify the ACD method for the AMD stock for 4/9/2019 (as an example), if someone could explain this to me, I'd appreciate it. Thanks.

What shart time frame would you use for this? And why does it work on TQQQ and those others you noted but not everything? Thanks.

Thanks for the links. I'll check them out. My strategy involves picking the top stocks held by mutual funds that have done well. So, more of a 'herd following' strategy. Also am a member of seeking alpha and have been reading their opinions on various stocks. I'm curious on how do these...

Yep, I'm not hungry enough, but it's partially because I don't know where to start. There is so much info available and it's confusing. Paralysis by analysis. I have 401k at my job and tried trading with that money. Have been paper trading on and off. No consistency. On the one hand, I...

http://www.fool.com/investing/general/2014/10/06/how-jim-cramer-made-his-millions.aspx I found this article on line which speaks about Jim Cramer, without college education, studying stocks for hours every day until he could amass a fortune for himself. Question I have is where does one even...

Hey, can you tell me an example of the use of TA without indicators? You can use a hypotethical example that does not necessarily work in real world to give me some idea. Thanks.

sorry for a noob question, but can someone explain how backtesting is done? What would be helpful is any strategy (does not need to be profitable for this example) explained and then back tested. Thanks in advance.

It's not that simple. Crimea wants independence and many people in the Eastern Ukraine fully support the Russian intervention.

Are you looking at a weekly chart?

Thanks for your response. Let me revise the question a bit. Once the stock's jump registered on Wed, were there any signs of it going past $10? And then downwards? Basically, I'm trying to decide whether TA is worth studying practically.

http://www.finviz.com/quote.ashx?t=KITD&ty=c&ta=1&p=d&b=1 KITD jumped from 8.36 Tuesday 11/8 to 9.32 open on Wed 11/9 and went as high as 11.19 for Wed. Did any of you catch this using Technical Analysis? I'm a newbie when it comes to trading and have been reading books on Technical...

What are the absolutely necessary programs/fees that a serious trader must have (excluding brokerage fees)?. I'm talking about back-testing software, signal fees, etc...

After thinking about your options some more, I realize that if only options 1 and 2 are available, then there should be no great books on trading. That I have no hope of learning anything unless it's by trial and error on my own. Are you sure those are the only two options?