I often find all manner of reference to Technical Analysis whilst reading threads, questioning certain elements, asking for advice on indicators and also requesting advice on a stock and whether it's a good time to buy, sell, hold or remain indifferent. I am the first to admit that my own TA is still in its infancy, but I do spend time on expanding my knowledge (hopefully in the right direction!).

Rather than having to ask a TA question on a particular thread, perhaps this thread could be used as a forum for TA queries and become a knowledge base. Just a thought, if there is little or no interest, the thread will sink without trace and that will be the end of that. I will personally add a few snippets to help those with less knowledge (if that's possible) to keep things rolling. There is a danger that the thread will receive countless requests for opinions on a variety of stocks and there is only so much I can do alone, therefore I would more than welcome input from other posters, no matter how rudimentary they believe their own knowledge to be, hopefully some real experts will take the time to contribute.

looks like you are talking about swing trading , i prefer multiple confirmation. the example is hard to read but i think in each of your examples the macd has reversed. i take it you act on the next bar which is not what rivelland advocates

agree entirely with you re price action leading

Now if only I had understood this sooner. If I understand correctly the reversal is - the first bar that closes below the previous day's low with a lower close than open. Hope Ican get this sussed before I'm bankrupt & divorced!

maddoctor it dont have to be swing trading. reversal bars happen at intraday frequency too. you just need a combination of things which work for a particular index/stock/future. testing is best.

bests D.

Maggie yes that is correct. but make one thing clear. do not take the sell signals when a price is still in an up trend. only look to keep buying the long reversal.

how do you know this I hear you ask? you dont

but only taking the buy reversals whilst the MACD was above the zero line is a good tool. it would have kept you out of trouble a lot on the chart above for the last year.

as always stops apply. good stop placement is under or above previous bar close.

bests D

PT,

Just getting into TA, so thanks for the thread (all the hard work).
And it's great to see a thread that is compiled and contributed to by grown-ups.
Requires a lot of study, but getting there.
Cheers to all.
Greek.

"grown ups" ???????????

put another way .... rarely slagging on this thread, except between D and myself for a short evening!

B wave on the dow anybody?

what does that mean? ....... my gut feel about Dow today is that it will be down >100 by close tonight as people take some rather unexpected profits from the week and as a precaution against yet more sub-prime lenders going belly up

cynic , falls generally go , down A , up B(but not as much as the fall) , then C down (greater than A fall)

hope that helps

Your thoughts on this one PTH Cynic please?.

Nb, trading on a low forward multiple of just over 9 times to end of sept 2007 PEG 0.6

Put another way, cynic, you're really just a pussy cat ;)

Maddoctor, it hasn't escaped my notice that you're into EW stuff :)
Me, well I never got past page 3 of the Prechter bible, but if you're interested in any of the prognostications by various EWers that are regularly sent to me, pm me.

choccy , just keep a look in on the site since they often have interesting articles.

lost faith bigtime when they kept calling a bear market for 3 years from 2003 . cost me bigtime! wrong side of the market!

they did however call the subprime market 1 year before anybody else

choccy .... please don't start talking about pussy .... it'll get me overexcited!

Well this stuff isn't from the site - it's from people like Robert McHugh - who always remembers to put PhD after his name :) and Bill Adlard - who rather refreshingly isn't American.

I also recall TomH calling the bear market, following his mentor Wilder's wild musings.

Nah - everyone's been calling the subprime thingie :)

Blimey, cynic - I thought it was just culinary delights that tickled your extremities ;)

many things oral have great appeal!
meanwhile, my little Dow short is heading in the right direction and may even increase it

btw, CTH (see thread) gets curiouser and curiouser, as said Alice

Thanks for advice Dy have made a note and even understand Thought I might get a blue dot today but sp took a nose dive when yanks opened. I live in hope!!!

maggie, whilst I do not use bar reversals and I'm not knocking the concept, in fact I do agree with Dynamix, don't hang your hat on one particular concept of TA. Like everything, it works until it doesn't work anymore. All methods and indicators have their place in time, deciding when to use each is crucial to success. If any combination of system were anywhere near infallible we would all be doing the same thing and millionaires. There's a lot more to a system than just a blue dot.

pth

bloody