support/resistance
when to get out
stops where nobody can find them
when to get out
stops where nobody can find them
What are the most important things for Technical Analysis?
- Thread starter iamnewuser911
- Start date
The hardest thing about using TA is to be able to quantify the signals into meaning data set in which you can study the markets. By looking at charts alone, its hard to perform meaning quantitative studies. This was my past mistake.
Most indicators are derivatives of mathematical formulas. If you can pull the historical data to excel, crunch the formula for any of your favorite indicator(s), then, it maybe easier for you analyze the data set and test your theories.
I dont even use indicators at all now for my trading system. Although, I have yet to quantify any of the generic indicators. I wish I had steered away from charts and TA in the beginning. Although, support and resistance can be easier seen on charts.
Most indicators are derivatives of mathematical formulas. If you can pull the historical data to excel, crunch the formula for any of your favorite indicator(s), then, it maybe easier for you analyze the data set and test your theories.
I dont even use indicators at all now for my trading system. Although, I have yet to quantify any of the generic indicators. I wish I had steered away from charts and TA in the beginning. Although, support and resistance can be easier seen on charts.
Last edited:
Free Lunch trading strategy
A 50-day RSI and a 100-day RSI would have worked except a 100-day RSI is inconsistent across Barchart technical charts, so I used 20-day RSI and 50-day RSI.
Buy funds from a Free Lunch Buy Screener that preferably have the 34-day Keltner Channel turning up in your favor and the Awesome Oscillator not much above the green. Close a trade by the 20-day RSI becoming less than the 50-day RSI. Reverse these rules for short selling. Avoid sluggish bond funds and the highest-flying leveraged funds.
A 50-day RSI and a 100-day RSI would have worked except a 100-day RSI is inconsistent across Barchart technical charts, so I used 20-day RSI and 50-day RSI.
Buy funds from a Free Lunch Buy Screener that preferably have the 34-day Keltner Channel turning up in your favor and the Awesome Oscillator not much above the green. Close a trade by the 20-day RSI becoming less than the 50-day RSI. Reverse these rules for short selling. Avoid sluggish bond funds and the highest-flying leveraged funds.
Since you can short sell only the most popular funds, you ought to buy and sell the most popular funds to get a feel for where the big money is and buy a few less-popular funds as needed.
Nine Lives trading strategy:
Buy funds from a Nine Lives Buy Screener. Sell when the 9-day MACD is clearly below zero and the Awesome Oscillator says it’s time to sell. Reverse these rules for short selling.
Buy funds from a Nine Lives Buy Screener. Sell when the 9-day MACD is clearly below zero and the Awesome Oscillator says it’s time to sell. Reverse these rules for short selling.
I went back to using Hi-Lo Country.
Buy funds from a Hi-Lo Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 9-day Slow Stochastic %D. Sell when the 9-day RSI is below the 50-day RSI unless the 9-day Slow Stochastic %K and 9-day Slow Stochastic %D say you should keep it. Likewise, it can be good to sell off funds in the 50 to 60 range on the 9-day RSI if the 9-day Slow Stochastic tells you to. Reverse these rules for short selling.
Buy funds from a Hi-Lo Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 9-day Slow Stochastic %D. Sell when the 9-day RSI is below the 50-day RSI unless the 9-day Slow Stochastic %K and 9-day Slow Stochastic %D say you should keep it. Likewise, it can be good to sell off funds in the 50 to 60 range on the 9-day RSI if the 9-day Slow Stochastic tells you to. Reverse these rules for short selling.
I got to thinking a system with just stochastics would be better than a system with both RSI and stochastics.
Buy funds from a The Dealer Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 14-day Slow Stochastic %K. Sell when the 9-day Slow Stochastic %K is below the 14-day Slow Stochastic %K. Reverse these rules for short selling. The 9-day and 14-day system can get to making no sense in extended bullish or bearish conditions. In this case, hold until the 20-day Slow Stochastic %K comes out of the overbought or oversold range or more likely it will be obvious the 9-day and 14-day system is working before that happens.
Charts
The Dealer 6-mo.
Candlesticks
Daily
Keltner Channel (5)
Keltner Channel (34)
Bollinger Bands (20,2)
Price Percentage Oscillator (5,34,5)
Slow Stochastic (9,1)
Slow Stochastic (14,1)
Slow Stochastic (20,1)
Also in 1-yr. daily, 2-yr. weekly and 5-day intraday versions.
Custom View
The Dealer
Symbol
Full Name
Last
Change
Percent Change
Volume
Time
9-Day Stochastic %K
14-Day Stochastic %K
20-Day Stochastic %K
Screeners
The Dealer Sell
YESTERDAY'S VOLUME
above 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
less than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
The Dealer Buy 1st
YESTERDAY'S VOLUME
above 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
greater than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
The Dealer Buy 2nd
YESTERDAY'S VOLUME
Range: 0 to 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
greater than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
Buy funds from a The Dealer Buy Screener with the Awesome Oscillator accumulation cylinder PPO not up into the green Divergence zero line yet and the 9-day Slow Stochastic %K higher than the 14-day Slow Stochastic %K. Sell when the 9-day Slow Stochastic %K is below the 14-day Slow Stochastic %K. Reverse these rules for short selling. The 9-day and 14-day system can get to making no sense in extended bullish or bearish conditions. In this case, hold until the 20-day Slow Stochastic %K comes out of the overbought or oversold range or more likely it will be obvious the 9-day and 14-day system is working before that happens.
Charts
The Dealer 6-mo.
Candlesticks
Daily
Keltner Channel (5)
Keltner Channel (34)
Bollinger Bands (20,2)
Price Percentage Oscillator (5,34,5)
Slow Stochastic (9,1)
Slow Stochastic (14,1)
Slow Stochastic (20,1)
Also in 1-yr. daily, 2-yr. weekly and 5-day intraday versions.
Custom View
The Dealer
Symbol
Full Name
Last
Change
Percent Change
Volume
Time
9-Day Stochastic %K
14-Day Stochastic %K
20-Day Stochastic %K
Screeners
The Dealer Sell
YESTERDAY'S VOLUME
above 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
less than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
The Dealer Buy 1st
YESTERDAY'S VOLUME
above 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
greater than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
The Dealer Buy 2nd
YESTERDAY'S VOLUME
Range: 0 to 1.2 M
100-DAY HISTORIC VOLATILITY
between [values] Range: 6% to 24%
9-DAY STOCHASTIC %K
greater than [field] 14-Day Stochastic %K
9-DAY STOCHASTIC %K
between [values] 20% to 80%
Scratch off that 20-day Slow Stochastic and take that 9-day and 14-day system seriously and if you don't trust that system with that fund, just get a fund you do trust it in.
I use a 9,3 Slow Stochastic except I've got to use the 14-day Slow Stochastic %K to find funds on the screener because Barchart doesn't let you screen %K to %D.