for 12 years now I haven’t been working anywhere and am engaged exclusively in trading, and every day I enjoy life
Вasics of technical analysis for "dummies"
- Thread starter Resto
- Start date
I doubt it.
the market needs all types of participants. dozu don't stop the technical guys
the most basic technical analysis for dummies is a support resist line drawn right at the cash open 9.30.00 in any stock or future or option. this is your ALL DAY support resist line. if mkt breaks above u buy if mkt breaks below you sell. if mkt bumps it n reverses you buy if above and sell if below. thats it. the most basic technical analysis for dummies. its a 1 line strategy. you trade off this all day
Good afternoon, dear guests of this site.
Dealing with the problems of technical analysis, I realized that any literature published after the 30-40s of the last century does not carry useful information and cannot give the trader anything new.
Everything that the authors of these publications rely on is based on the notes of Chals Dow and the patterns of Gartley.
Only Gann tried to introduce the concept of volatility over time, but his system is too complex and its practical application is not recommended.
We live in the era of computers and what was inaccessible to the Dow and Gartley for us is already everyday.
Developing my first trading system on Gartley models, I managed to achieve 85% efficiency of this system. Now it is outdated, and I can afford to reveal some of the nuances of this my trading system.
First of all, the trader needs to understand what exactly is happening with market assets and find the relationship between the work of individual market segments.
The information he needs can be obtained in a simple way,
Creating an artificial index, which includes the ratio of the foreign exchange market, goods and indices
Index base includes DAX and SP500
The quotation part of the index includes EUR GBP USDX
XAU BRENT
This synthetic index in the screenshot is highlighted in yellow.
By synchronizing its work with individual components, we obtain information on
1 current index situation
2 volatility of the components that form the work of this index
3 relative concept of the formation time of the current model
In the presented screenshot, I consider the basic design of the 1-2-3 model template and the formation of the future Gartley model.
Model 1-2-3 is one of the most common price model, and you can easily find a similar model of in this post of mine.#42 Yesterday at 2:59 PM
Next, I will show you that Gartley could not understand how the current market situation developed.
Dealing with the problems of technical analysis, I realized that any literature published after the 30-40s of the last century does not carry useful information and cannot give the trader anything new.
Everything that the authors of these publications rely on is based on the notes of Chals Dow and the patterns of Gartley.
Only Gann tried to introduce the concept of volatility over time, but his system is too complex and its practical application is not recommended.
We live in the era of computers and what was inaccessible to the Dow and Gartley for us is already everyday.
Developing my first trading system on Gartley models, I managed to achieve 85% efficiency of this system. Now it is outdated, and I can afford to reveal some of the nuances of this my trading system.
First of all, the trader needs to understand what exactly is happening with market assets and find the relationship between the work of individual market segments.
The information he needs can be obtained in a simple way,
Creating an artificial index, which includes the ratio of the foreign exchange market, goods and indices
Index base includes DAX and SP500
The quotation part of the index includes EUR GBP USDX
XAU BRENT
This synthetic index in the screenshot is highlighted in yellow.
By synchronizing its work with individual components, we obtain information on
1 current index situation
2 volatility of the components that form the work of this index
3 relative concept of the formation time of the current model
In the presented screenshot, I consider the basic design of the 1-2-3 model template and the formation of the future Gartley model.
Model 1-2-3 is one of the most common price model, and you can easily find a similar model of in this post of mine.#42 Yesterday at 2:59 PM
Next, I will show you that Gartley could not understand how the current market situation developed.
Attachments
DAX index state in this post #39 Yesterday at 12:59 PM
This is a situation on index components.
If you are familiar with the work of Gartley, it will not be difficult for you to find a continuation of these patterns, their control points of entry and receive a well-deserved reward
From the current situation it is easy to understand that all instruments are almost ready for a crisis situation, there is a small touch, and now you can already indicate the date of the upcoming crisis with an accuracy of 3-4 weeks.
I showed the work of the main patterns, I did not show the intermediate ones, they will form the entry points
This is a situation on index components.
If you are familiar with the work of Gartley, it will not be difficult for you to find a continuation of these patterns, their control points of entry and receive a well-deserved reward
From the current situation it is easy to understand that all instruments are almost ready for a crisis situation, there is a small touch, and now you can already indicate the date of the upcoming crisis with an accuracy of 3-4 weeks.
I showed the work of the main patterns, I did not show the intermediate ones, they will form the entry points
Attachments
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You think its real, the rest of us, got fed up of this crap as newbies and quickly realised its crap ages ago.