Technical analysis thread
Post your favorite oscillators, indicators, chart/candlestick patterns, and signal strategies
>RSI and MACD
>oversold below 30, MACD signal line crossover
>bullish divergence on RSI (price moves to lower low while RSI @ higher low)
>price over 200day SMA
>9day EMA over 20day EMA
Go long
Keep in mind the parameters of your moving averages and oscillators depend on the timeframe of your trade
The parameters for the studies used in my first post are geared toward a trade in the 2-6 month time frame
My analsys
>>1193467
>he doesnt use ta to push price around
2-6 month trade
i have my own indicator based on a network of artificial neural networks that i've developed and it's the closest thing to the "holy grail" of indicators and still can't make much money
>>1193545
Someone call the firing squad.
>>1193602
>I have my own indicator
>closest thing to the "holy grail" of indicators
>still can't make much money
Sure sounds like you discovered the Holy grail
>>1193467
>Go long
my indicators scream short.
>>1193602
the net needs better training
clean up your input, smooth it out (filter the noise)
>>1193636
In that instance, yes seems bearish. That stock hit a higher high and its oscillator hit a lower high. That at the top Bollinger band as well.
>>1193643
hurst bands, hurst oscillator.
check em.
plus, on the daily chart, today was almost a doji. reversal pattern.
GLTA
I bought May puts yesterday. Down 12% since.
>>1193668
Similar to rsi and bollinger bands, neat
I like to use adx for longer term trades
9, 20, and 50 MA's along with MACD and Pivot Points and any natural resistance/support levels
>>1193727
how does that work out for you? any specific time frame? do u look for crossovers on the MA's?
>>1193727
Depends on the time frame I'm looking to stay invested. It always helps to an extent to use 2 time frames (one further out) to get a picture of the trend. Like for day trading use the 1min and 5min or 15min.
I mainly use the MA's to gauge trend. I find a lot of reversals happening at the pivot points throughout the day though. If that coincides with a crossover on an MA or the MACD then it's a stronger signal. It still doesn't always work out great but if you can spot a good stop loss point close by to your entrance the better your risk/reward is.
Just looking for MA crossovers hasn't worked great for me because it seems like the MA's have just as much chance of bouncing off each other as they do crossing so it becomes a gamble.
>>1193467
Is there a site or book that I can learn the basics of t.a or even just DD for a stock?
>>1193761
>MA's have just as much chance of bouncing off each other
This.
The indicator that gets my dick the hardest is probably is ichimoku cloud
>>1193467
is there an indicator that outputs what range an equity had over a given period? like if APPL moved $1 over an hour period, it would just give a 1, then 0.50 or 0.75 for the other hours if that was their ranges.
>>1193800
You mean a volatility indicator?
Bollinger bands are my favourite, very good for anticipating a breakout
>>1193803
measuring volatility, yes, but i'd like a numerical output than a line or visual one
>>1193767
Try this. It's from some seminar. It works, but you have to scan for the right one, so you can outright reject a lot of them.
Otherwise, I recommend you learn price action first and foremost. After you understand that (well taught by https://www.forex4noobs.com/ ), just study how a specific product that you like behaves. Something liquid, like forex, is optimal to learn this on. Candlesticks are the most accurate and helpful technical indicator you will ever learn.
>>1193803
>BB
Donchian channel or go home.
>>1193811
Forgot to say: don't be concerned with crosses of the studies or indicators, just make sure the MAs are in the right order and then check the trend for convergence with the studies (which should match the trend - again, don't look at crosses, only if it's making higher high's or lower low's).
>>1193796
>ichimoku cloud
default settings i hope.
how does that work out for u?
>>1193467
> not using Ult Oscillator
Gents,
Created a chatroom for stock market general.
Almost 100 members making eachother money.
Looking for some more members.
Post your email if you want an invite.
>>1193838
Got ya.
>>1193810
Not sure I know of any numerical indicators, do you mean like VIX?
>>1193819
Pretty good, I've found some beautiful entries for accumulating/decreasing my position when I would have otherwise just waited. Although, I have also missed many opportunities because of it. Overall, very nice for seeing when overbought/sold
>>1193810
Average True Range (ATR) indicator
Shows you the range for a set period of bars as per your setting.
>>1193835
what is it a chatroom on?
Would love an IRC to idle in / post occasionally
>>1193467
TA is a fucking useless meme and is only useful when you apply it to shit that's already happened to prove you did something right, while ignoring any set-up that shows where you could have fucked up just as easily.
>>1193835
Is there a minimum level of requirement for this
>>1193844
>Ichimoku
Don't use Jap technicals too much, just to see whether price is above or below the cloud to confirm other indicators, and not to enter positions near flatbeds
>>1193955
Sent
>>1193945
>I'm looking for people who are intermediates.. Anything over complete beginner would be nice.
Well, I would definitely call myself a beginner.
A friend and I are planning on employing an ANN in stock investment for research, and I was going to start after my current project is complete (it also involves learning). I've already begun reading up TA in my spare time, but I wanted to lurk somewhere to see the thinking process behind a person's decisions.
Let me know if I can join
I only use RSI and Bollinger Bands. I pay attention to crossovers on moving averages as well.
My charts are always candle sticks and I think price action is a highly underestimated indicator. It's just difficult for those who don't access to live charting and level 2's throughout the day.
>>1193950
Thanks, that's good advice family.
To be honest, I mostly use RSI and MACD combined with the EMA/MA. But Ichimoku just gets my dick hard when it indicates a nice reversal and shit, also the name is dope.
I also like the OBV for simplicity and gives a good idea of the amount of capital in/out of the system.
KDJ is also pretty neat desu
>>1194013
You're not a beginner. Beginners ask "what's a hot stock" "how do I find what's going up" "what's hot?"
Anyone can learn that shit very quickly with Google, and you seem to be beyond that.
As you advance, you will ask questions with the end in mind, "what is my exit strategy if this turns south", etc.
Also, I would highly recommend watching the B12 Trader's most recent video on YouTube. He mostly trades indexes primarily using moving averages and volume. This is like slow-motion stock trading, and is a great way to start learning. Very loose/easy style.
>>1193945
sounds like fun
[email protected]
>>1194013
Sure man what's your address
>>1194314
Sent
>>1194340
Sent
I've been doing a bit of work recently to try to figure out how/why technical indicators like channels, flags, pennants, etc. work.
I wrote a program to generate markov chains to simulate prices. Surprisingly, a lot of technical indicators and that kind of stuff keep showing up. The attached image is one of the randomly generated charts.
Anyone have any thoughts on if/how technical indicators work at all?
Here's about 100 other charts I generated in case anyone's interested.
https://drive.google.com/open?id=0Bw3Lu3S0XCdOSUZMd1pVN3BCLWM
>>1194372
Awesome stuff, we'd love to have you in the chat as well!
When I see the line go up and down I buy when it down sell when it up.
fundamental > quantitative > gambling >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> technical
>>1193545
So as you can see by the above chart: up - down - up - down - up...
>>1194576
Are you demented? Did baby get his first intelligent investor today?
>>1194369
They work because structure. On the left of the graph is the high point. When price reaches that level again after dumping, expect major sells. The highs level is resistance, like a roof. And if prices breaks the roof its going to the moon.
So pennant and stuff work because once price reaches that high resistance level sell offs start occuring, but sometimes the buying is too much that the sellers fail to bring the price back down, once price breaks the pennant, its a sign that the resistance level is weak. .and potentially rally to new high.
Key is breakouts aren't 100% certain so thats why risk management is probably the most important than actual TA.
I can be 30% right..3/10 trades are right, but still make money because of Risk Management
>>1193545
so which one is the price line?
>>1194369
>>1195059
Also, a lot of strategies such as trading the fibonacci retracement levels are self fulfilling prophecies. Many traders trade according to a certain indicator, the results they expect happen because other trades follow suit with the exact same thing, creating the price moves themselves essentially.
>>1193636
whats the software?
Chartists are silly.
>>1195059
Well said.
Also, set stops, and always use them.
It's like in casinos how you should never change your bet.
>>1195125
;-;
>>1195125
You're wrong, junior.
20 period moving average (simple, exp, whatever).
Price is above it: look for H1 and H2 buy setups.
Price is below it: look for L1 and L2 sell setups.
Exception: price is in a range. In ranges: trade from the extremes.
Pretty simple, but it takes time to learn and be able to practice. I own everything to Al Brooks and highly recommend his last three books on trading, mainly the "Trading Trends" book.
The secret is not to be right most of the time, but to work in an equilibrium between probability, risk and reward (trader's equation).
>>1195514
>>1195239
>People make consistent profits studying charts using technical analysis.
Show me the Warren Buffet of Technical analysis. All the people that get rich on buying stocks are basing their bets on fundamentals.
Why are there so many retarded courses, that promise you riches based on your ability to follow some 2 squiggly lines related to stock movement?
Technical analysis is to finance what "pick-up artists" are in getting laid - shit doesn't work, desperate retards use it, clever retards scam said desperate retards and desperate retards look autistic doing it.
>>1195553
no fundamentals seeems to be just as worthless as ta. you might gain edge with qvant analysis on a specific markets but not on every market anymore. every decace the market has been getting more competitive
>>1195560
>no fundamentals seeems to be just as worthless as ta.
Fundamentals analysis is basically predicting what something is worth, based upon it's ability to generate profits, the management, it's future supply or demand (in case of currencies/commodities) etc. For long term investments, it is solid, but it's not like anyone could do it (not implying I can) and for shorter terms it's basically worthless. If you are going to trade for short term, you would have to be good at assessing market sentiment develop some ingenious day trader algorithm (this quant analysis you spole of), which maybe the best bunch of autists are able to do and not anyone else or some shit.
tl;dr
Fundamentals are solid for longer term, shit for shor term. TA is just sucking dicks.
>>1195560
Short-medium term trading is king if you can become good at it. With good risk management and foresight, traders can make money in almost any type of market.
Chads = Fundamental Analysis & Optimizing Portfolios while collecting fat fees
Spergs = Quantitative & Technical Analysis
Traders = Technical Analysis driven by fundamentals & understanding of human behavior
>>1195580
okay good luck with your fundamentals and "long term predictions"
and just to mention these are not my "opinions" my claims are based on very large data collected 2014-2015.
warren buffet lost his edge a long time ago.
>>1195587
https://en.wikipedia.org/wiki/Quantitative_analysis_%28finance%29
>Quantitative analysis is the use of models, or algorithms, to evaluate assets for investment. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns (trend following or mean reversion). The resulting strategies may involve high-frequency trading.
Just like I said, ingenious day-trade algorithms that might work if they are good enough. But to imply that human being could find all those patterns in the data and act upon them and not wuss out on a a bargain or hold excrement in his hands for extended periods could do it half as efficiently as computers are able to do it is just straight up faggotry.
>>1195593
>>hold excrement in his hands for extended periods
NOT hold excrement in his hands for extended periods, in case they fuck up
and I would also like to add that the thing I referred to as straight up faggotry is the idea that humans are somehow more efficient at producing results from trading upon stock price or volume data, which is basically what TA is.
>>1195593
Just like I told you in the first place. I told you first qvant is the way to go.
You replied with some "fundamental analysis" jibberish.
And no, you dont seem to have any idea what you are talking about. Patterns have not been working in a long time, that's bogus. Qvant analysis (automated ta) works on some markets quite well still.
And just that you know, most retailers havent been trading manually past 10 years anymore.
>>1195607
>Patterns have not been working in a long time, that's bogus
Literally the second statement in the wikipedia article about Quantitative analysis says quantitative analysis is about "databases and patterns"
>Qvant analysis (automated ta) works on some markets quite well still.
>(automated ta)
TA implies some spergs drawing lines on their charts, crossing fingers their bets are right.
Quantitative analysis is about figuring out bazillions of such sperg ways and finding the most optimal out of those sperg ways to trade (which might work). Humans can't do it.
When you say TA, you imply to something manual, so there is no "automated TA".
QA is about finding correlations between shitloads of data in split seconds, that might come in handy for some periods of time.
TA is about crossing fingers, that your "support level" holds or the line representing price will go up, just because some other line went down or some shit.
The implications of those two concepts are vastly different.
>>1195653
Okay, you win. Im not going to argue with a guy who links wikipedia articles explaining qa and ta
>>1195587
...said some NEET on 4chan
>>1193811
Dude thank you so much for the info. I just needed somewhere to start. Really appreciate it.
what company are u even talking about in this thread??
>>1195553
You use T.A on top of fundamentals you goon, no one just blindly uses T.A
Some traders if you wanna know like Paul Tudor Jones, Richard Dennis, used T.A in the early days, now they still use it and so do firms.
>>1195063
>worrying about the price
You poor?
>>1193835
I am an aspiring trader, just looking to learn more, would you accept someone on a "spectator" basis haha?
>>1197422
i was just about to post this
even if you master a perfect TA procedure, you are betting against other human brains who are as skewed in thought processes as the latest reality tv show has swayed their opinion. shit like that if it makes sense. hard to really win, unless you can read the public sentiment of their world view.. social media campaigns are widespread, look for those.
>>1193467
I see a lot of TRADERBROS tossing out some wild looking noisy charts.. to much crap. your trades probably include emotions. gotta drop that. i wanna throw this in as AN INDICATOR. its not. but i use it as one. i like using stoch. and adx combined with linear regression channels, but only coded constantly updating models as far as the linear regression goes.
spend 2 hours of your life.
https://www.youtube.com/watch?v=VaFaTVMBvrE
if you wanna be a trader.
watch this video.
HFT is making normal indicators to noisy or to slow. you wanna scalp /es for 5 points every 10 minutes? this is a video you should watch. i realize 4chan loves to be edgy dip shits. i expect this area to be about making cash. i think we can build a trader forum on this site. we got the real shit. this isn't a bunch of fags like ihub. or stocktwitz
>>1197739
your betting against computer algos. see post below last post on thread. i win on average only 70 percent of the time. you only need to win 51 percent of your trades to make cake. but i make a profit if i follow my model. this dude i shared, is an old video. this concept is still quiet. i worked with some dudes who still trade stocks and futures on the floor. cme and nyse.. i'm not selling this dude, but he's good at explaining it. i've spent big bucs to get floor webcam info.. this is the shit they watch and use. this is the new floor trader. computers are still programmed by humans. understand how it works, and ride it. lets build this shit up and bring back the field.
>>1193545
mines better
