What are the most important things for Technical Analysis?

[Pekelo]

Balls. The most important things in TA is having balls to act on your indicators. Otherwise the best prediction is still worthless if you don't act on it...

 

[Handle123]

I finally went all Bill Williams and looked for fractals and used candlesticks.

Bill Williams 6-mo.:
Candlesticks
Daily
Moving Average, Simple (21) (teeth)
Donchian Channel (20) (support and resistance)
Donchian Channel (20) (support and resistance)
Moving Average, Simple (13) (lips)
Moving Average, Simple (33) (jaw)
MACD Oscillator (3,10,16) (LBR 3-10 Oscillator used as an Accelerator Oscillator)
MACD Oscillator (5,34,5) (Awesome Oscillator)

1-yr. daily, 2-yr. weekly, 5-day intraday versions also.
My Sweet Spot 1-yr. daily


Barchart Screener
My Sweet Spot:
20-50 DAY MACD SIGNAL
Buy
50-100 DAY MACD SIGNAL
Sell
20 DAY MA SIGNAL
Buy
10-8 DAY MA HILO SIGNAL
Buy


General trading system rules:

If you can buy and sell ETFs well, there’s no need to trade anything else.

Don’t ever trade volatility and hardly ever trade bonds.

Make every purchase less than one percent of your portfolio.

Buy funds off of the My Sweet Spot list only, particularly a fund which will soon go above the 50,100 zero line.

Buy when the fractals are bullish, particularly when the Awesome Oscillator is going up through the histogram.

Never buy more of a fund you’re showing an overall loss in.

Sell when the fractals are bearish or sooner if you’re nervous.

Unless you point out what you trying to show, all the chars are useless. Most of us understand correct terms of TA, so when you use teeth etc, makes it tougher to review anything you post.

 

[Streetwise]

LOL

 

[lightninboy]

AIMS Turtle 6-mo.:
Candlesticks
Daily
Moving Average, Simple (21) (teeth, red line)
Moving Average, Simple (13) (lips, green line)
Moving Average, Simple (33) (jaw, blue line)
Moving Average, Simple (105) (teeth on a 5X timeframe, purple line)
Donchian Channel (10) (Turtle Channel)
Donchian Channel (20) (Turtle Channel)
Donchian Channel (55) (Turtle Channel)
MACD Oscillator (5,34,5) (Awesome Oscillator)
MACD Oscillator (3,10,16) (LBR 3-10 Oscillator used as an Accelerator Oscillator)
MACD Oscillator (34,5,5) (Inverse Awesome Oscillator)

Also 1-year daily, 2-year weekly and 5-day intraday versions

A fund should generally be sold when it is below the 20-day moving average and the Awesome Oscillator has negative divergence and it is breaking below the 10-day Donchian Channel.

 

[lightninboy]

Example of trading by double positive and double negative MACD divergence

Buy JJU 8/8/17 close 17.60
Divergence: AO: 0.09, 3-10: 0.10

Sell JJU 8/25/17 close 18.21
Divergence: AO: -0.04, 3-10: -0.12

Result of waiting for the price to go below the 10-day Donchian Channel before selling

JJU 9/15/17 close 17.97

 

[levanyashin]

Risk and money management

 

[lightninboy]

AIMS Turtle 6-mo.:
Candlesticks
Daily
Moving Average, Simple (21) (teeth, red line)
Moving Average, Simple (13) (lips, green line)
Moving Average, Simple (33) (jaw, blue line)
Moving Average, Simple (105) (teeth on a 5X timeframe, purple line)
Donchian Channel (10) (Turtle Channel)
Donchian Channel (20) (Turtle Channel)
Donchian Channel (55) (Turtle Channel)
MACD Oscillator (3,10,16) (LBR 3-10 Oscillator used as an Accelerator Oscillator)
MACD Oscillator (14,20,10) (Barchart Awesome Oscillator)
MACD Oscillator (5,34,5) (Awesome Oscillator)

Also 1-year daily, 2-year weekly and 5-day intraday versions

General trading system rules:
If you can buy and sell ETFs well, there’s no need to trade anything else.
Don’t ever trade volatility and hardly ever trade bonds.
If it looks to too volatile, sluggish or limited, don’t buy it.
Make every purchase less than 1% of your portfolio.
BAO and AO both having positive divergence = Buy
BAO and AO one having positive divergence and one having negative divergence = Hold
BAO and AO both having negative divergence = Sell

 

[lightninboy]

AIMS Turtle 6-mo.:
Candlesticks
Daily
Moving Average, Simple (21) (teeth, red line)
Moving Average, Simple (13) (lips, green line)
Moving Average, Simple (33) (jaw, blue line)
Moving Average, Simple (105) (teeth on a 5X timeframe, purple line)
Donchian Channel (10) (Turtle Channel)
Donchian Channel (20) (Turtle Channel)
Donchian Channel (55) (Turtle Channel)
MACD Oscillator (3,10,16) (LBR 3-10 Oscillator used as an Accelerator Oscillator)
MACD Oscillator (5,34,5) (Awesome Oscillator)
Average Directional Index (14)

Also 1-year daily, 2-year weekly and 5-day intraday versions

3-10 and AO and 14-day ADX all rising = Buy
AO having negative divergence = Sell

 

[lightninboy]

The 9-day MACD level is more or less twice as much as the Awesome Oscillator divergence and about the same as the 3-10 Oscillator level. I sell when it's negative or sooner.

9-day MACD level used for keeping track of my portfolio

I figure if a fund should be sold at a negative number, a fund with a high number should be bought so it doesn't get sold so soon.

9-day MACD level used for picking out funds to buy

14-day ADX at selling time

 

[lightninboy]

AIMS Turtle 6-mo.:
Candlesticks
Daily
Moving Average, Simple (21) (teeth, red line)
Moving Average, Simple (13) (lips, green line)
Moving Average, Simple (33) (jaw, blue line)
Moving Average, Simple (105) (teeth on a 5X timeframe, purple line)
Donchian Channel (10) (Turtle Channel)
Donchian Channel (20) (Turtle Channel)
Donchian Channel (55) (Turtle Channel)
MACD Oscillator (3,10,16) (LBR 3-10 Oscillator used as an Accelerator Oscillator)
MACD Oscillator (5,34,5) (Awesome Oscillator)
MACD Oscillator (1,9,2) (Barchart 9-day MACD more or less)

Also 1-year daily, 2-year weekly and 5-day intraday versions

Buy non-leveraged ETFs from the Barchart Screeners First String, then Second String, then Third String, then Fourth String, then Fifth String.

AO divergence being negative = Sell