Technical Analysis

[sylabus]

Hallo,

I had just begun forex trading per month before, but I m still very tired and uncertain about to next price movement. I tried using different analysis tools such as RCI, ROC, Willi%R . . But I do not understand the push behind these systems.
I really do read the fundamentals on these but still to see why why to use such tools. Perphaps you beautiful folks are able to help me out on this.

Oh ya... just for ya information I graduated from chemical engineering dipolma. That is is why I m very particular in figuring out the driveway or motives behind these tools. Hahaha... as after I know why it's being utilized I feel confident.


Also could you guys (maybe not the common ones, however unqiue for you) share on the specialized analysis resources utilized in predicting price movements. ?

Thank You

Enjoy,

thdbird

[Herron207]

Hallo,

I had just begun forex investing a month ago, but m still very weary and uncertain about to next price move. I attempted using different analysis tools like RCI, ROC, Willi%R . . But I do not know the drive behind those systems.
I really do read the fundamentals on them but still to see why the way to use such tools. Perphaps you lovely people are able to help me out on this.

Oh ya... just for ya information I graduated from chemical engineering dipolma. That's is why I m very specific in figuring out the driveway or motives behind those tools. Hahaha... as once I know why it is being utilized I feel more confident.


Also would you guys (maybe not the ones that are common, but unqiue for you) share about the technical analysis resources utilized in predicting price movements. ?

Thank You

Enjoy,

thdbird price

[alba_lovegood]

Also could you guys (not the common ones, however unqiue to you) share on the specialized analysis resources used in forecasting price movements. ? Predicting price movements!!!!!!!????? You must be kidding, I have never heard of the expression before....There is nothing in the whole world like that...


Thanks,

Nader

[Alberchungo]

Predicting price movements!!!!!!!????? You need to be kidding, I have never heard of this saying before....There isn't anything in the whole world like that...

Thanks,

Nader Hi Nader... That was my initial reaction too... But there really is (or are?) ... Well, not price movement really, however, price range for the day or week. .
Well, it is not really predicting price movement but price range... Do I make sense?

Really, Point (?) Is 1 appliion that really does it... I hope somebody corrects me when I am wrong...

[sylabus]

Predicting price moves!!!!!!!????? You must be kidding, I have never heard of this expression before....There isn't anything in the whole world like that...


Thank you,

Nader I'm worried about that. . what i meant was price range hahaha. . Sorry I may not know the correct terms as I said b4 I theres a chemical engineer literate.

So I may not be fimillar with fiscal terms...

yeah predicting (UP/DWN) the ranges from a selected amount of time...

[Alberchungo]

I m sorry about that. . what i meant was price range hahaha. . Sorry I may not know the correct terms as I said b4 I theres a chemical engineer literate.

So that I may not be fimillar with financial conditions...

yeah predicting (UP/DWN) the ranges in the specified amount of time... That's ok... I still get them mixed up also. .
Anyhow, you may want to look in Fiji's Product reports :
https://forexintuitive.com/forex-trading-and-cfds/97945-rustseldor-journal.html

I haven't used it yet. . However, you can inquire about them into their respective segment...

Hope that this helps,
East

P.S.
BTW, I am really not familiar with price forecast... It's not my style. . However, if something proves to be useful, then I don't mind looking at it. . Just my opinion though...

[sachavk]

Invest in the book Technical Analysis from A-Z Composed by Steven Achelis. This will provide you all the formulas and reasoning behind all the popular tools. You can browse this publiion free here:

http://www.equis.com/Customer/Resources/TAAZ/Default.aspx?c=3

having said I purchased it is an excellent authority!

[Eibarracing]

price I believe that what nd1377 is indeed succinctly saying is that indiors are always LAGGING the price and since all indiors get their information from price, if you learn how to read price charts then u can eliminate alot of clutter from your screen.

I'd suggest you read this thread: https://forexintuitive.com/forex-trading-and-cfds/97919-follow-prior-heiken-ashi-candle-profits.html

I also indie the Japanese Candlestick charting methods by Steve Nisan. I actually traded on my demo acct w/ candlesticks only for a month to find out if I could get the sense of it. I still to this day only use a few Moving Averages and FIB traces on my charts. Contrary to my desk, my charts remain fairly clean

I also read that large mother of a book Technical Analysis of the fiscal Markets by John Murphy. Good book and worth the study time.

Only my humble opinion

Great Luck

[LOPEZHD]

Aaaaahhhh grasshoppers! Watch the charts. For hours and hours. Feel the drive. Get their nature into your bones and soul. You will feel it. When you are feeling it you will Know. When you are aware of it you will Feel.
And that's all I have to say about that (insert smileys here in proper amount )

[alba_lovegood]

I m sorry about that. . what i meant was price range hahaha. . Sorry I may not know the right terms as I said b4 I m a chemical engineer literate.

So I may not be fimillar with financial terms...

emphasise calling (UP/DWN) the ranges out of a selected period of time... Never mind, I was only kidding anyway


Thank you,

Nader

[sylabus]

So can I safely say that in most instances prices will continue to drop following the 25 percent line?

Or if I say that there's high likelihood that the price will drop?

[Alberchungo]

Never mind, I was just kidding anyway

Thanks,

Nader Sorry Nader.. I thought you're serious about it...
You got me there!

[Alberchungo]

so can I say that in most cases prices will continue to drop following the 25 percent line?

Or if I say that there's high probability that the price will drop? A lot of people use the fib numbers in a lot of ways. There is probability that price wil reach/bounce particular fib levels.

For your fib retracements, I think a lot view it as support/resistance levels significance there's a probability that price will probably bounce round that region.

But as to the way high/low that probability is, I don't have any idea. For me personally, they seem to be.

But when you ask will you safely say, no, you can not safely say. You need to look at it for yourself and arrive at your own conclusions.
I am not wanting to be rude here. Just saying to be more careful enough of your decisions.
(Am I making sense? Nope, I don't think so also. . )

These are only my opinions by the way and how I look at it. See for your self if it fits you.

Hope this helps,
East

[iker592]

Fib retracements are similar to asking for instructions, when driving and someone says, you go to the red barn and turn left, instead of say, GPS which will instruct you exly where you want to be. There's not any GPS in any market. At best one can forecast the market the way one forecasts that the weather. It can never be predicted by one.

I feel that the reason price congregates and is repelled at fib numbers is much the exact same reason why Pivot figures operate so well. It's because large populations of traders use them as support and resistance lines and so price will naturally be forced to seek them. It does not matter whether there's some underlying force on the market or the world or what . All that matters in trading is can the number be relied on to get a given actions. Because numerous buyers and sellers use these numbers, I am very confident they can.

SMJ


so can I say that in many instances prices will continue to drop after the 25 percent line?

Or if I say that there's high probability that the price will drop?

[greciafermendoza]

so can I say that in many instances prices will continue to fall following the 25% line?

Or if I say that there's high probability that the price will fall? The one thing you know about price is it can do one of three things, go up, go down or move sideways. And there is a 33.333% chance it will do one of them.

What you could learn is to watch the behavior of the price. Notice if it hits the 25% line, it rebounds up a little, then tests that the 25% line again (where the lengthy Zig Zag hits). So you know people are buying there. It then goes up and evaluations that the 38.2% lineup. When it broke through this, then the bulls rule and you could go long with a goal of 61.8, in which the last support broke.

But it failed in the 38.2percent and went back to 25% and through it. It tested it for a little while, discovering where there were buyers, there are sellers. So that you think about selling now, probably below the 1.1595 where the last Zig Zag is. If you offered at 90, you could have picked up 50-60 pips here.

But this is looking at the market after it occurred. If this action is at the right side of the screen, you can not estimate probilbiites, you may just earn a plan in the event the price does one of three things, move up, go down or move backward. Learn to tell where buyers turn into sellers, like in the 25% line in this case, and you'll earn money.

[sylabus]

Thank you videoj.

I knew better after your explaination. Hmmm looks like I have to give myself more time to watch and learn. haaa...

[la_gamba]

Purchase the book Technical Analysis from A-Z Composed by Steven Achelis. This will provide you all the formulas and rationale supporting each one the tools that are popular.