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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Here is (for me) an interesting set of charts.

If I didn't know the company and held their shares for too long, would consider watching and buying.

I am not suggesting anyone should do so..

However what interested me is 3 large buys (for this Company) of 2millions each totalling in value 24000.

Peanuts, but nevertheless large for this company for this usual levels.

Indicators, not of much note, but short MA are in upturn.

Fundamentals less than impressive and no RNS or other news,

Why the buys????

Comments maybe interesting.

In to-day's bleak market any good news would be well received.

Fred whats that ZIG indicator about?.

First time ive seen that when you posted yesterday....... and today.

Not much to contribute at the moment, think Ill start looking at some shorts this weekend.

too late for shorts..... all going to bounce up monday......?????..;)))

possibly or even probably even if only dcb

===============

but i now see Dow dropping off again and -60, presumably after more bad employment numbers

GF.

From Sharescope

Zig-zag chart

The zig-zag line is a method of filtering out random noise and comparing relative price movements. The line is produced by drawing straight lines between points at which the price has reversed by at least the specified amount. This emphasizes the most significant changes in price movement, making the overall trends easier to see.

Zig-zag lines are set to use a minimum price change (based on the value or range of a period) and ignore any changes below that minimum. For example, a zig-zag line value set at 10% produces a line that only reverses direction after a price change of 10% or more.


The Provisional last leg option projects the final stretch of the zig-zag line where it has not yet reached the minimum change value.

==========

The way I use the ZIG indicator, is to show up major movements to see any useful pattern of movement.


In Sharescope one can vary the percentage of SP movement.

It high lights what has happened, but not what will happen.

With my dealing, at the moment, I need something which will tell me what is going to happen, but even then I have a feeling I will make mistakes.

Not a nice day today.

and looking bad for monday too ..... 19:50 = -136

Even worse later on cyners. Obahma treading on too many toes.

Cheers Fred Ive taken a copy of the summing up of the ZIG indicator.

glad i ducked yesterday, even if insufficiently given what is to come on monday.
though it won't necessarily quite be that, IG are currently showing FTSE to open -95 which would be just above the key support level of 5200

5200 and below could be on the cards this week.

waiting for Obhama to get sorted out.

GF.

Do you use indicators on intra-day of short term trading? If yes, what indicators are you using?

Fred not at the moment but I do when we have a raging bull market, although get bored very often.

Always use lower indicators macd, stots to confirm and atr.

In a trending market I use adx and try and use sharecast site were you can use comparative strength tool to match stock with sector and indicies as a whole.

http://www.sharecast.com/cgi-bin/sharecast/sharecast_charting.cgi

Not doing much at the moment would normally be shorting a few but got a heavy head cold so just taking it easy for a few days.

cheers.

By the way Fred theres a few good lads over on s/crazy sister thread who do intraday day trading with use of charts. if your interested in poping in, heres the URL. Think you might have to register to see the thread (free).

http://www.sharecrazy.com/ubbthreads/showflat.php?Cat=&Board=FreeBB&Number=442268&page=0&view=collapsed&sb=5&o=&fpart=15

GF,

Thank you.

I will have a look.

At the moment trying to rethink my "charting", which means simplifying them down to my level.

Also, in the present unstable market, I think that the reliability of any trading technique is problematic.

I have made too many mistakes recently.

Your not the only one Fred.

When the markets against you the markets against you.

Thanks for the XTA chart Fred, I like the look of that one.

Might be wortha trading buy on this one, from investors inteligence....

UK Chart of the Day: 28 January 2010

Chart of the day: A rebound in Man Group?

Price trends in stocks can last for some time. In the case of Man Group, the fund management group, the downtrend is now entering the tenth consecutive session (see right).

When prices are far above or below the 50-day moving average, mean reversionary forces will pull it back towards the line. It happened last October and again in November. Moreover, the trend is vastly oversold and at support

Therefore, we open a speculative buy to bet on reversion to the mean. Stop at 220p.

RBS has a good and interesting chart - go to the thread and you'll see.
bought some this morning on 25/50 dma breaks - arguable slightly brave but at lot less so than with most spiv stocks

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flight just called so will catch up with you guys tomorrow or perhaps this evening if not too flaked or nagged by Beloved for attention

Went in and bought RBS cyners friday of last week.

GF, Have a look at http://www.sharescope.co.uk/tutorial37.html

It will give you a good idea of the power of Sharescope.

The thing which I like is the speed of changing of setting up charts and accessing them, and flicking to Fundamentals and portfolios and other data.

Bloody awful day again. Didn't expect the FTSE drop.

I don't believe it, I am actually up about 1%..

That worries me even more.



8-(!)