Buy funds from the Qantas Buy Screener with fairly-solid 50-day RSI track records recently and a promising-looking Ichimoku Oscillator. Sell funds when the 50-day RSI gets lower than 53 or whatever and replace them. The ETF Screen trading strategy is basically buy-and-hold the best funds available until you can do better.
What are the most important things for Technical Analysis?
- Thread starter iamnewuser911
- Start date
Buy funds with over 45 on the 50-day RSI. Sell funds with under 45 on the 50-day RSI.
If you pick right, you'll hardly ever have to sell out and you can buy some bargains in dips.
If you pick right, you'll hardly ever have to sell out and you can buy some bargains in dips.
Am I the only one who thinks this thread is insane? Technical analysis will drive you insane and cause you to question every step you take. I don’t think it’s possible to have a fulfilling life while searching for the optimal technical trading strategy.
Sweetest Bobby,
Forgive me, but you just sell premium right? So is it safe to say, you never learned how to trade markets directionally, therefore you could not figure out TA and or how markets move?
Is it also safe to say the whole Karen Super Trader thing was so in vogue, because all failed traders (majority of traders) found their key to success, where they did not need to put the work in anymore, they could just win all the time?
Forgive me, but you just sell premium right? So is it safe to say, you never learned how to trade markets directionally, therefore you could not figure out TA and or how markets move?
Is it also safe to say the whole Karen Super Trader thing was so in vogue, because all failed traders (majority of traders) found their key to success, where they did not need to put the work in anymore, they could just win all the time?
It's not "only" about the TA being used...it's equally about the trader using the TA within a trading plan that consists of other variables just as equally important (e.g. risk management, position size management, trade environment, trade experience and so on).
That's what trading is part art, part psychology, part science...assuming you're not an automated trader.
Those that "only" concentrate on the TA as if it those other critically important variables do not have any merit...they will be doom in applying TA. In contrast, those succeeding in using TA...they're using other important variables in their trading plan with the TA.
Simply, TA is just a tool. Therefore, I would argue that the trader is more important than the TA because the trader is the one that needs to put all the pieces (the above mentioned variables) together into functional team (trading plan).
wrbtrader
That's what trading is part art, part psychology, part science...assuming you're not an automated trader.
Those that "only" concentrate on the TA as if it those other critically important variables do not have any merit...they will be doom in applying TA. In contrast, those succeeding in using TA...they're using other important variables in their trading plan with the TA.
Simply, TA is just a tool. Therefore, I would argue that the trader is more important than the TA because the trader is the one that needs to put all the pieces (the above mentioned variables) together into functional team (trading plan).
wrbtrader
An example of using the 45%-on-the-50-day-RSI strategy if you use a little judgment with the Ichimoku Oscillator and a high-weighted-alpha fund.
Abandon it... the sooner you do, the closer you are to success.
General trading rules:
Buy funds with a strong 100-day RSI and a promising-looking Ichimoku Oscillator and over 45 on the 50-day RSI and above the 200-day SMA. Sell funds with a fatal-looking Ichimoku Oscillator and with under 45 on the 50-day RSI and below the 200-day SMA.
Buy funds with a strong 100-day RSI and a promising-looking Ichimoku Oscillator and over 45 on the 50-day RSI and above the 200-day SMA. Sell funds with a fatal-looking Ichimoku Oscillator and with under 45 on the 50-day RSI and below the 200-day SMA.
The Ichimoku wasn't necessary if the 200-day moving average was more important.
Highflier trading strategy:
General trading rules:
Buy funds with a strong 100-day RSI and over 45 on the 50-day RSI and over 0 on the 200-day MACD and over 0 on the 200-day PPO. Sell funds with a 100-day RSI under 50 and under 45 on the 50-day RSI and under 0 on the 200-day MACD and under 0 on the 200-day PPO.
Highflier trading strategy:
General trading rules:
Buy funds with a strong 100-day RSI and over 45 on the 50-day RSI and over 0 on the 200-day MACD and over 0 on the 200-day PPO. Sell funds with a 100-day RSI under 50 and under 45 on the 50-day RSI and under 0 on the 200-day MACD and under 0 on the 200-day PPO.
Been using TA since mid 80s, and these charts are like overkill, whatever under the chart is too much for any type of confirmation. TA should be second after charting, indicators are to help indicate, it is a transfer of charting into a numeral expression. Some people are better at sight and other better at formulas looking for right answers. There are very very few occurrences where indicators will show activity that a chart will not as in reverse divergence. imo