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.

Think I've got a reversal bar on EMG but mac not nearly near zero.
PTH would be interested to hear if you found a trend line.

perfect one on RB. pulled back for the gap fill to yesterdays close, then painted the rervsal bar. I guess theres a gap up in morning?

and looking good for BAS (german) after hours it hit 94.5 for gap up tomorrow.

obvious stop losses are now below yesterdays low price. Profit take?.. thats up to you.

maggie, I would be wary until EMG one breaks that gap its trading in from 2/3 days ago.. if it gaps up, it could well retrace into it again to fill. Thats could be the buying opportunity?

Not sure I understand the gap Is it where a gap forms between the one day's low and the next day's high. If that's correct are you saying that it needs to pass 560 then it could retrace to fill the gap between 550 & 558 (approx) In which case that would be a good time to buy? PS If it gaps up past 560 has it not filled the gap?

was not around to follow the action this evening, but pleased that Dow finished with modest gain ..... unless there's something i missed, should augur well for the morrow

No it needs to trade in the space. Can you see the gap between the close of 3 days ago bar and the open/high price of 2 days ago on the above chart?

That is the "gap" and it closed within it.

Theres ones above to fill up to 580. Maybe a pull back into the gap and then upwards for a while to fill those.

read this

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis

Thanks Dy your help much appreciated

too sophisticated for my tiny brain i fear! ...... EMG still a very good company but will inevitably refelct market swings ....... Dow indications, having been +30 or more earlier are now flat

maggie, EMG gapped up into a gap, level to watch is todays open and low price, if it can hold and the USA gets bouncy later it might just continue up, be warned theres now another GAP below though!.. lol

If I were you Id find a nicer stock to "trade" , theres far better ones for smoother moves in the top FTSE stocks. Try BLT or CCL. I assume you are trading via CFD/Spreadbet and are not actually buying shares?

maggie buys/sells physical
have just noted both BLT and CCL have jumped nicely, though both are still (just) below 25 dma with 50 dma a little higher

I do both, invest in shares like lloy for div try to trade with spreadbets . Have only been spreadbetting for about year.Was alright to start then got adventurous and things went down hill but would like to master the art. Thanks again for advice will look at BLT and CCL

no art other than black! ..... it's all smoke and mirrors and scares and things that go bump in the night - lol!

Question: How far back can one look to judge a support level on a graph?
Looking at the 5 year graph for NRK, the sp is looking like it should be at a support level, but that level is sept/oct 2005. But is that too far back to be of any relevance?

maggster

you got to get a style which suits you. decide how much screen time you can dedicate and then adjust your strategy to fit. If you only have a hour or two a day at screen then maybe medium term swings are best for you. (edit) with larger stops and smaller stakes. Always base your stops on price action and never just a "value" like say 30 points etc. Always look for a high/low/close of a bar which you would not want to be in the trade if it passed that point.

Thanks Dy I spend quite a lot of time trying to learn the TA. Please correct
Larger stops = further away from opening?
price action = how big swings between highs and lows are?
One of my problems is I keep moving the stop loss down expecting an upturn. Hopefully if I can read the signs(TA) better I will know when to get out.

if you set a stop loss, then by and large you should stick with it for otherwise no point in having same

Cynic I know that's right just need more discipline.
Question - If there is a reversal bar but all other indicators are not in place what do you do?