How does one move beyond technical analysis?

[NihabaAshi]

Quote from Kovacs:

...Can you share a few paths to investigate?

* TV Market Quotes on CNBC

* TV Market Quotes on Bloomberg

* Tarot Card Readings

* Hourly Psychic Projections

* Signal Calling Chat Room

* Astrology Predictions

However, I recommend a few combo of the above for confirmation that everybody is on the same page.



Also, be careful of tarot card readers...there are some scammers out there.

Yet, if you look hard enough, you'll find a few that know the markets like any season trader.



Disclaimer - I'm in a goofy mood.

Mark

 

[Sniemiec]

Quote from MandelbrotSet:

Everything mentioned here, including using Price by itself, is Technical Analysis.

I think he wants to explore other areas of TA, that he may not know about. That, or other ways to view the market (pure TA or otherwise).

 

[riskfreetrading]

It is what you should see that matters, not where you sit to see it. All seats lead to the same view---indicators are equivalent to one another.

 

[robbie380]

Quote from Kovacs:

I'm not saying technical analysis is useless as I've made money from it.

It's just now that every time I want to develop something new, I'm automatically thinking in terms of R & S, volume, moving averages, indicators, etc. I'm locked into that mode of thinking

I'm looking for a different mental framework from which to derive new strategies for daytrading.

Can you share a few paths to investigate?

learn fundamentals. it's a whole new game. you can find some massive trades if you understand how the upgrades, downgrades, and earnings effect things.

 

[HolyGrail]

Look into P&F charting, three line break charting, renko charts etc. They take the noise out of charts and truly give you the answer as to who is winning the supply and demand fight. I personally like P&F on three different point values for futures trading.

 

[OldTrader]

Quote from robbie380:

learn fundamentals. it's a whole new game. you can find some massive trades if you understand how the upgrades, downgrades, and earnings effect things.

Exactly. I think the fundamentals are an important input. I think the technicals are important by the way. I just think that fundamentals have an important role to play for a trader and speculator.

OldTrader