The technical analysis thread

Securing food for your village.

Not all TA is based on patterns

I'm reading pic related and trading stocks, up £200 in two weeks. Gave up trading crypto.

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Ok i'll look that too.
But we have to keep biz healthy, so it's legit to open good threads too.

Memelines gud. Hey fucker Joe!
Fuck you!

>Leave Zig Forums for discord filled with same pajeets
Why the fuck would I leave here to join a bunch of autists on a website for trannies?

Any reason you don't do both?

I have like 33% of my net worth in crypto (like £10k in ETH/XRP/LINK) but it's not worth trading. It's too stressing and random when shit like bitmex tanks the market

Same my dude, solid read. I read it along my Tech books and shit. I wouldn't neglect Fundamental Analysis either. When I am looking for a long term, I always start at their financial statements.

What tech book is that fren?

I work in IT full time, so I am studying for certs and what not. However I love finance and economics though too, so I study both disciplines. Here is another excellent book.

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I'm going try and make this thread tomorrow. I think this is a good way to grow the board. Maybe get help from smg?

I genuinely keked at this.

>But we have to keep biz healthy, so it's legit to open good threads too.

yes. I always try to help beginners and give a positive contribution to TA threads, etc.

>I'm going try and make this thread tomorrow.
good idea!

Funny, i'm reading it to trade crypto. Before the Golden Bull Run comes, still plenty of time.

I unironically gave up stonks, crypto is where I'm having some good gains.

logical thought and reason is discouraged here. if people stopped and thought about it.. they wouldnt buy all these jeet scams.

thus the trollsbash anyone with half a brain. the scammers scoop up the rest for the latest food coin.

rinse and repeat

TA doesnt work

t. bad a TA

all cash

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Yea no, I actually studied Math, Finance and Economics at a top school and can understand the original Fama papers on market efficiency. But even if you don't understand the math/statistics, you should use your common sense.

Eth coming back within zone? Or we in a premature bullrun?
>T. Professional Brainlet.

I've been readying William J Oneal, any others you'd recommend? Thx

coming back within zone. another rounded retest of the zone, q2 2021 it will almost definitely break out

TA is the type of thing I wish were real. It sounds incredible! Look at a few squiggly lines and decide what to do based on arbitrary and untestable methods.

I've tried a bunch of strategies when I was first starting out but the old and time tested Elder's triple screen works the best for me. It can be adapted to fast day trades or slow swing trades. For swings I'll do either 1D/4hr/1hr or 12hr/3hr/30m and day trading 1hr/15m/3m. I tried 30m/5m/1m but it's just too autistic for me. I'm manually calculating stops and position sizing and in that one minute all my calculations can be blown by the random movement of the 1m candles.

There's a lot of fud about TA because some people on biz try presenting charts that have way too many fucking indicators and diagonal/curved lines that are very subjective. All you need is a solid support and resistance line on your big picture chart and MAYBE a trend line if it's really obvious and not open for debate. The rest of the indicators are user preference. The only weird one lately I've been liking is Waddah Attar Explosion on my intermediate chart. Sounds like a muslim thing but it's basically volume enhanced. It's saved me from buying/shorting into false breakouts.

It's been around since the 1800's in America and the Japanese have been doing it for 300 years. At first glance to someone who knows nothing it seems like bullshit but if you just study it a little and the psychology behind price action it starts to make sense. If it weren't real why would multi-billion dollar institutions have entire teams of people doing it?

TA does work, but you have to make it work, its part of the toolkit you use to consistently make +ev decisions
you can't just load up a 15m chart on tradingview, turn on bollinger bands and RSI, and expect to make money
don't bother with TA on low mcap/liquidity crypto projects either, all the analysis in the world isn't going to stop you getting dabbed on when some whale decides to dump half the supply of your stupid shitcoin

It's because it requires reasonable intelligence and hours of work prepping all the charts of everything you would likely trade and then more hours/days of monitoring for the right trade setup to come to you. Biz just wants to buy day 1 and do a 10x and exit and then come here to tell everyone what a wizard they are at investing.