Trading Techniques   

TA

Many thanks!

 

yeah... I bought mine from Kino at Takashimaya. I think they have a website... can check out if its still in Stock.

I also ordered another book of his from Amazon and got it shipped to me from US.

 

Hi Singaporegal, where can I find Larry Willimas books? How about Kinokurniya?

 

Yeah... its true. 500% ROI. Better than any course you can attend. GA sure lose money... I was doing GA also until I read the book.

I'm a TA purist - meaning I don't bother with FA at all because I'm too lazy to read and research about companies.

The book costs more than S$120, I think. Its the most expensive book I bought but the most worthwhile. When you buy the book and read through it, actually 90% of the book is repetitive and boring. But there are a few golden gems (if you can find it!) there that can really make a difference to your trading technique.

 

Hi singaporegal, wow 500% ROI. How much is that book you recommended? Actually I don't find learning TA difficult only to find myself lack of time or physique. I had been trading based on luck, counter-party trades, FA & GA, and friends's informations which I find it ridiculous for me. For FA is okay, but for the rest of the luck, counter-party trades, GA (Gambling Analysis), and friends's info that I traded on sometimes really can made me a bankrupt, which is why I decided to bang full time on FA & TA. Hope I can really learn the essence before I will really be a bankrupt. A million cheers for singaporegal.

 

my pleasure... just hope that my pro-TA rantings are not irritating

Just call me singaporegal....

 

Thanks for all your contributions Singaporegal Master

 

Hi rouge_trader,

I understand its not easy to learn TA from websites because they just teach you what the chart means but they don't tell you HOW to use it. Each TA trader learns through experience and practice what works for him and what doesn't.

Try getting books from Larry Williams. I learnt my TA from there. He doesn't just teach you about the charts, but he also talks about TA mentality, how some indicators can be combined and also WHEN to execute your trades. Eg.. Accumulation/Distribution is very effective when used together with Williams %R that measures oversold/overbought status.

The books are rather expensive though, but after I bought his book, in 3 months, I got 500% ROI after a couple of trades!  :)

 

Hi singaporegal, thanks again for your help. Had been busy interpreting charts from evening to early morning for the past few weeks. Had saw the "TA" post by bsiong and yours (hope i nt wrong with the name) and went to the various websites to read up more about charts. But I can't find the answers to my questions on those websites, or maybe my eyes are too tired to spot the answers. Anyway, thanks a lot for your sharing and wish you the epitome of best health and success.

 

Lets get past this argument because it really doesn't help us make $$.... which is what ShareJunction is all about... ok?   :)

I like to share because I really believe in TA and its rewarding when people tell me that they find my posts useful. Most of the time, I'm not vested in the counters that I give comments to.


Anyway, to answer rouge_trader's question on MA Crossovers -

I don't use MA crossovers because its basically a lagging indicator. The settings you use on it really depend on your appetite for risk and your trading timeframe.

I use mainly RSI, Acc/Dist, Chaikin and Williams %R. These (especially Acc/Dist and Chaikin) measure buying and selling pressure on a stock. Ever so often, I have encountered Acc/Dist rising before the change in price actually occurs. So the Acc/Dist acts as a LEADING indicator that predicts price trends.

I find that this particular combination of indicators works very well for me. Hope this helps.

 

Hi Allantanhc, I do not wish to discredit those helpful/no have the answers/no have the time/no wish to share fellow members. And I did not said that it a wrong thing to copy & paste but I mentioned that for people who are serious in investing, they should know where or how to get the answers. Maybe I only quoted the few categories out of the many on my mind which may caused your disagreement. But since you mentioned that this is a FOC forum, what can you expect from a person who is expressing her own opinions? Correct me if I wrong that those categories that I mentioned doesn't exist at all in this forum. Unless you are one of them, why are you defending those people? True, I can't expect much from a FOC forum and we are all learning and sharing. People have the rights not to share or whatsoever, and you can choose not to share too. Anyway, there are really quite a number of good forumeers bt the list will be never ending if I will to list them. But an apple may looks good on the outside, but rotten to the inside depending on the superficiality of an individual. If one chooses to look at the superficial level, then be it. My posting is not meant to offend and I do believe that some may/may not agreed with me. The truth is, Not all Man are Good but Not All of Them are Bad.



If fellow members are offended by my frank postings, my deepest apologies but one really shouldn't be offended unless they are one of the categories listed.

 

Hi, rogue_trader,



     I have also just picked up charting and technical analysis a few months ago. I realise that there is still a lot to learn. One can never be quite sure how the market will turn out to be even with the help of various indicators. So, sometime it is good to counter check your interpretation of the chart with others. In that way, we improve and sharpen along the way and become more confident. In this respect, I do find some of the views expressed in this forum are pretty good.



     I think we can discern the more professional and considered views as against those that are less serious. However, I do not think we should start labelling people like what Joycetan has done. I think I have said enough on the subject :) :). 

 

hi allantanhc, totally agreed with you that one can't really expects much from a foc forum and there are indeed quite a handful of useful exchanges and helpful fellow members. Bt on the other hand, I also shared the same views of joycetan from another angle. Frankly speaking, it really matter from wat perspective one is looking at it. I am also "embarassed" by the fact that I really don't know where to find the answers to my questions after trading for 7 years. I am very serious in investing which is why I decided to pick-up charting.  

 

Hi, Joycetan,



     My comment on your posting is that you should have the correct mindset and expectation of such a public forum. If we have to pay a fee then we can have higher expectation. For this FOC forum, nobody here has the responsibility to answer question(s) posed by members. However, my personal experience is that there are a lot of helpful people around. When they have time and when they do have the answers, I believe many forumers are willing to share. There are many useful exchanges of ideas and information in many discussion threads. But we must not think that we have the right to expect someone or many people to answer our question(s).



      There is also nothing wrong with forumers quoting from other sources for posting and sharing here. Personally, again I find this forum very informative and you get to see information which often may not be within your own resource to get them. So, please do not discredit the good work of many forumers here.  



      Just my personal and frank view.

 

Hi joycetan, quite a interesting bit you had wrote. Anyway, thanks for sharing. And good luck in your investing.

 

Hi rogue_trader,

I don't have the answers to your questions but I would advise you to go and ask your remisiers, or do some homework at the library rather than waiting for the answers in this forum. Can't you see that today there are a lots of people online today (some are even of higher rankings) bt no reply to your post except for singaporegal. To be frank with you, I had been following this forum bt never contributed anything (guilty liao), and I had profitted quite a sum from your posts on Sky Petrol, Sembcorp Industries. There are quite a few posts by singaporegal, shplayer & Galaxy65 which made my purse fat too.



In this forum, there are quite a few categories of people: The Posers, The Selfish, The CopyCats and so on.

In my opinions, some people (The CopyCats) tends to copy reports/infomations from website/newspapes or other sources to post in here, at the same time elevate their rankings. These reports/informations are good but to people who are serious in investing, they should be able to know this information or where to get them at their fingertips. It good to subscribe to BT or WSJ for some insights.

While some people (The Posers) write something, and when things don't go their way, you will never see them in that particular post for quite some time or never. Your questions on TA was not answered except for singaporegal, but when one do a search on this forum for TA or something like that, you will receive tons of informations by different individuals which sometimes are not even true. But when you posted your questions, look at the outcome- one reply. Imagine if one have $300k in cash, would they even be bothered to write in this forum? And if they really have, how many would be bothered to share with you? There was a show on Channel U recently (1-2 months ago) that showed something like the rich in singapore very seldom pass their knowledge of wealth as compared to some other countries.

As for The Selfish, you shld be able to tell who are they now. Maybe they don't have the information or whatsoever, but just take a look at who & who is online every now n then & you will understand.



Don't be bothered by the rankings of the participants in this forum. Remember Rank is something you wear, Respect is something you earn. Bt in this forum, Rank is how much you contribute/copy & paste/follow the crowd, while Knowledge is limited. 



 

 

Hi singaporegal,

Really thanks a lot as I had been waiting for replies to my post only to see your answer. Thanks a lot. Btw, hope u wont find me greedy, bt with regards to the questions on moving average crossover, do you think u can help me with it. Thanks again.

 

Hi rogue_trader,

Tight bollinger bands tell me that sharp price change is imminent. To tell the direction of change, I use RSI, Acc/Dist and Chaikin. To tell roughly when it'll occur, I make use of the Williams 1.28 rule.

The 1.28 rule is based on the Fibonnacci rule. See - http://www.ckfutures.com/reversal.htm

Its pretty accurate for stocks that have defined wave-like patterns.

 

Hi All, Or maybe someone can tell me where can I find the information to my questions? Any books that can answered the below questions? Thanks.

 

Hi All Experts Chartists,

Just picked up how to see charts. Got few questions hoping you guys can help me with it:



Moving Average Crossover: What are the common combinations of the days used for the shorter & longer average? Is there any "best" combination? Do one need to apply different combinations in different scenarios, like bull/bear market or a new ipo? 



Bollinger Bands: When the both bands tightens, how do one "predicts" the duration before there is a new trend and how to see whether this new trend is upwards/downwards trending?



Thanks a million in advance for all your guidances and teachings.