A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis

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RESOURCES

http://blog.tradersdaytrading.com/ http://stockcharts.com/school/doku.php?id=chart_school http://www.cantos.com/charts/masterclass http://www.onlinetradingconcepts.com/TechnicalAnalysis/ZigZag.html http://bigcharts.marketwatch.com/ http://www.stockmarket-coach.com/index.html http://www.trade2win.com/knowledge/equities/ http://www.financial-spread-betting.com/

CHART SCREENERS

http://www.iii.co.uk/spreadbetting/?type=technical http://www.barchart.com/lookup.php?field=name&search=contains&string=YELL&e=nf&type[]=2&type[]=1&type[]=5&type[]=9&type[]=10&type[]=4&type[]=CAN&type[]=LON&type[]=IND#results http://www.autochartist.com/ Nb, only free to IG Index Members. http://www.britishbulls.com/

BULLISH TRENDING CHARTS. Timeframe 3 Daily. Updates And Renewals Will Take Place On a regular basis.

MOMENTUM http://www.onlinetradingconcepts.com/TechnicalAnalysis/Momentum.html ADX http://stockcharts.com/school/doku.php?st=adx&id=chart_school:technical_indicators:average_directional_

BEARISH TRENDING CHARTS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

12 WEEK HIGHS Timeframe 3 Daily. Updates And Renewals Will Take Place On A Regular Basis.

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Thanks G,

I will have a look at ADR.


I have been playing with median price and time periods ie. Intra-day Buying and sales. 1day 1 week and 1month and often use a shorter than usual MACD for comparison.

Also messing around with (back testing) Williams Awesome Osc and Williams of different periods.

Surprised that they do coincide frequently or coincide with price movement.

Anyway have a good weekend.

I will try a dig out some relevant Maps.

don't get too caught up in chartism; always remember that charts are merely a tool that reflect and give potential trends .... for sure they aren't the gospel or you'ld prob be quite heavily short of the indices and panicing!

Tend to agree cyners for the frequent and medium term trader but a day trader and more important a intraday trader would be lost without all the tools associated with charts/TA.

At the moment Im keeping off the intraday trading as it can be a very stressfull occupation especially if you are spreadbetting where you need to be sure of a small spread on opening and position sizing on entry.

The thought of going back to very volatile situations when Ive been through a very difficult personal life in the last 6 months or so doesnt appeal at the moment but it looks like Fred is getting stuck in there in this area.

Fred ive edited that post above it should read ADX lower indicator.

Back testing hmmmm youl be putting a system together next.

Me and a chap off of S/Crazy tried our hand at that last spring. Problem we found was that systems only work for a limited period and need constantly tweaking. Even got to the point where we had a free month with the system site tradestation where all the formula from past systems can be used and you can put together your own formula.

The motley fool site has threads dedicated to systems if your interested. Its difficult stuff mind and I personally wasnt convinced it was better at producing results than just random stock picking.

http://boards.fool.co.uk/mechanical-investing-tools-50108.aspx

http://boards.fool.co.uk/mechanical-investing-beginners-50113.aspx

http://boards.fool.co.uk/mechanical-investing-advanced-50089.aspx

i've never understood how (intra)day traders make a consistent living .... from that, i exclude the true professionals who are totally focussed and have all sorts of support and back-up, but even they get it spectacularly wrong

Yep would agree with you on most of that cyners but a dedicated intraday trader who is strictly disciplined can make a good living but it needs a very healthy capital pot to start with and to be maintained.

Think if you start with a low capital base you are up against it from day one. Markets are so volatile these days and spreads so wide that you can be wiped out pretty quickly.

Ive know a few guys over the years who have done very well out of it but then again Ive also seen 'get rich quick merchants' take a real battering.

I reckon you need at least a full year practising on simulators etc before you risk real money.

When I go back to it I always have a few weeks simulation using monopoly money before Im confident to get back in the chair.

Talking of chairs............... Niche Market and Mon Mome E/Way for the Grand National this afternoon.

Just added a new trading education site to resources at top of thread.

Delves into lower indicators.

http://www.trade2win.com/knowledge/equities/

i shall watch with interest (for a change) ..... confess i don't follow the nags though i used to ride a lot (behave yourself!)

LOL.

Cynic,

Some of day traders have a job to pay for their hobby or dreams.

i'm surprised that with the concentration needed for day trading that doing another job effectively is possible

Anyone noticed the beginning of the move of "Big Money" from cyclicals- whose returns have been truly staggering this past 12 months - to more defensive stocks -esp in FTSE 350.But it is the USA which bothers me most. Dow has rocketed back to pre crash levels despite negative soft stodgy economic data. The Fed reserve in an effort to ensure sufficient liquidity is in place to protect the nations fragile financial system have raised the credit based money supply { M3} by chrisis proportions-up another $56 billion this past week and $170 billion over the past few weeks - a $2.3 trillion annualized pace -a 22% annualized rate of growth That is unprecedented unheard of pre catastrophe M3 expansion never never seen before without a chrisis of historic proportions . Something is up. ..Something is very fundementally wrong and what is more amazing is that the Feds actions mean they KNOW what is about to happen . Quite obviously we learnt very little from 2007/8 crash .........Quantative easing - printing money- was never anything more than a pallitive . l hate to be a harpinger of doom but basically printing money on such a massive scale has got the feel of the start of 1920s Weimar republic about it ..... l would reccomend that everyone underpin their portfolio with an element of gold stock - My picks have been ABG.POG, HGM, and CEY

What's your vew on MML , GDP and BEM which are a few of my latest buys [ BEM , being of a interest due to its Iron ore ]

UKC... UK Coal Chart starting to look positive. Caught MACD moving above signal line which as proved to be very positive in charts of late. I suppose we would be looking to takwe out short term resistance at 75p first stop.

be careful of going long of anything unless for the moment unless for vewry good reason .... as already posted on ftse thread, i think the long awaited and o'due correction is about to get underway on dow, and that will inevitably reflect in london where election uncertainties will also weight

please clarify what that means - or does it confirm my view?

i think it shows a growing battle between bulls and bears in a very volatile mkt which is lacking any tangible direction

A lot of the charts and indicators seem to tell me they are over bought.

Probably just my choices.

Have closed up stop losses, but looking for shares with sales or income from overseas, ie. states and EU, etc.

Movement in "" might provide rewards for a short while.

TFC,

At the moment, what is the price of a litre of diesel at the pump in France?