Technical Analysis
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Thread: Technical Analysis

  1. #1
    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

  2. #2
    Quote Originally Posted by ;
    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

  3. #3
    Quote Originally Posted by ;
    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

  4. #4
    Quote Originally Posted by ;
    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...

  5. #5
    Quote Originally Posted by ;
    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...

  6. #6
    Quote Originally Posted by ;
    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-tra...r-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...

  7. #7
    Quote Originally Posted by ;
    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/Resour...fault.aspx?c=3

    having said I purchased it is an excellent authority!

  8. #8
    Quote Originally Posted by ;
    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-tra...e-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

  9. #9
    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 )

  10. #10
    Quote Originally Posted by ;
    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

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