Monday, 29 May 2017
Technical Analysis from A to Z by Steven B. Achelis PDF
https://drive.google.com/open?id=0B3qfvyZFhpetTDJLNTlPZHpfNmc
7 Chart Patterns That Consistently Make Money PDF free download----
https://drive.google.com/open?id=0B3qfvyZFhpetUUhnNkVPTkJlV1k
Candlestick Every Trader should know free PDF Download
Click Here to download pdf from google drive......
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Support & Resistance in simple language with Chart
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Support means- Lower lows
Side Image clearly shows you what is support and resistance
Trade-
Support break -Go Short ( Sell )
Resistance Break - Go Long( Buy (
Treadline Break buy + again tradeline break buy....................Short Term Trade
Click on above image to full view
Symmetrical Triangle + Ascending Triangle + Descending Triangle Breakout
Just you should know pattern through charts.
Experience will teach you all about this.
Trade line Breakout Example with chart
Tradeline break take short position with stop loss tradeline break first candle above close
what is Ascending Triangle & Resistance
Tradeline is based on higher lows and high..
above image show you that what is resistance and tradeline
Pattern Name is Ascending Triangle
Watch and understand carefully and also breakout point
What is Technical Analysis?
What is Technical Analysis?
Technical analysis is a method of evaluating securities that involves a statistical analysis of market activity, such as price and volume. Technical analysts do not attempt to measure a security’s intrinsic value, but rather, use charts and other tools to identify patterns that can be used as a basis for investment decisions.
There are many different forms of technical analysis: Some rely on chart patterns, others use technical indicators and oscillators, and most use a combination of techniques. In any case, technical analysts’ exclusive use of historical price and volume data is what separates them from their fundamental counterparts. Unlike fundamental analysts, technical analysts don’t concern themselves with a stock’s valuation – the only thing that matters are past trading data and what information the data might provide about future price movements.
Technical analysis is based on three assumptions:
- The market discounts everything.
- Price moves in trends.
- History tends to repeat itself.
1. The Market Discounts Everything
Many experts criticize technical analysis because it only considers price movements and ignores fundamental factors. The counterargument is based on the Efficient Market Hypothesis, which states that a stock’s price already reflects everything that has or could affect a company – including fundamental factors. Technical analysts believe that everything from a company’s fundamentals to broad market factors to market psychology are already priced into the stock. This removes the need to consider the factors separately before making an investment decision. The only thing remaining is the analysis of price movements, which technical analysts view as the product of supply and demand for a particular stock in the market.
2. Price Moves in Trends
Technical analysts believe that prices move in short-, medium-, and long-term trend. In other words, a stock price is more likely to continue a past trend than move erratically. Most technical trading strategies are based on this assumption.
3. History Tends to Repeat Itself
Technical analysts believe that history tends to repeat itself. The repetitive nature of price movements is often attributed to market psychology, which tends to be very predictable based on emotions like fear or excitement. Technical analysis uses chart patterns to analyze these emotions and subsequent market movements to understand trends. While many form of technical analysis have been used for more than 100 years, they are still believed to be relevant because they illustrate patterns in price movements that often repeat themselves.
Basics of Technical Analysis (TA)
There are two primary methods used to analyze securities and make investment decisions: fundamental analysis and technical analysis. Fundamental analysis involves analyzing a company’s financial statements to determine the fair value of the business, while technical analysis assumes that a security’s price already reflects all publicly-available information and instead focuses on the statistical analysis of price movements.
Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In other words, technical analysis attempts to understand the market sentiment behind price trends rather than analyzing a security’s fundamental attributes. If you understand the benefits and limitations of technical analysis, it can give you a new set of tools or skills that will enable you to be a better trader or investor over the long-term.
About This Blog
Dear Readers,
The objective of this blog is to introduce simple Technical Analysis to help small and big traders succeed in trading in Indian markets
What is Technical Analysis (TA)
1 Trading decisions based on minimum number of technical indicators
2 Understanding market psychology using charts
3 Consistently following simple trading systems.
4 Trading less but more accurately.
5 Charting based trading
6 various strategies based on charts
Basic knowledge of technical analysis is pre-requisite to understand my site.
Reader should have some basic understanding of the below concepts in TA
1. Basic charts- line and candlestick,
2. Support and resistance.
3. Moving Average
4. RSI
5. MACD
6. Candle Stick Patterns
7. Chart Patterns
Leran through this blog and create future in technical analysis
LEARN AND EARN.
BEST OF LUCK
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