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Other => Beginners & Help => Topic started by: mysteriousawake on January 19, 2012, 10:54:13 PM



Title: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 19, 2012, 10:54:13 PM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: Stephen Gornick on January 20, 2012, 12:19:58 AM
Use the img BBCode.
 http://docs.simplemachines.org/index.php?topic=57.0

  e.g.,  [  img ]http://blah.com/test.png[/ img ]  (no spaces)

[edit ... looks like you figured out how to post images.]


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 12:42:16 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 12:47:54 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 02:35:25 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: deepceleron on January 20, 2012, 02:57:30 AM
I started out trading by buying low and selling high. And guessing. It doesnt work very well.
It works better than buying high and selling low!

Bitcoin doesn't have a predictable market, it is too thin and volatile, voodoo charts don't work on it. One person can drop the market 10% in a minute because they need money to buy a car, and in 10 minutes more, the people that got zhoutonged betting that wouldn't happen push it down another 10%.


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: RaggedMonk on January 20, 2012, 03:42:09 AM
At first I thought these pictures were a parody of all the tech analysis images posted in speculation.

I had a good laugh before realizing you also believe in it.  Oh well, still funny.


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 03:48:51 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 06:33:34 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 06:43:26 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:03:51 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:23:14 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:30:58 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:46:07 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: abaaj on January 20, 2012, 07:48:48 AM
Pics are not showing


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:50:48 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 20, 2012, 07:57:25 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: vokain on January 20, 2012, 01:06:47 PM
"It's a bull market, you know" :)


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: Goomboo on January 20, 2012, 09:26:27 PM
Howdy!

Technical analysis - controversial topic.  Some believe in it, some don't.  Academic studies have shown that straight up automated technical analysis doesn't radically out-perform the market.

I'd suggest that if anyone wants to learn about it, they check this book out:

http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442/ref=sr_1_1?ie=UTF8&qid=1327094751&sr=8-1 (http://www.amazon.com/Technical-Analysis-Complete-Financial-Technicians/dp/0137059442/ref=sr_1_1?ie=UTF8&qid=1327094751&sr=8-1)

If you're really interested, that is a great book for learning.


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: CurrencyMan on January 21, 2012, 01:17:52 AM
thanks for the link to that TA book! been meaning to find something like this for a while


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: Goomboo on January 21, 2012, 01:42:19 AM
thanks for the link to that TA book! been meaning to find something like this for a while

Cool, sure thing man!

That book is brilliant in that it is an academic work in a field in which academics typically frown down upon.  It is basically one of the best books in the field.  I use it as a desktop reference.  Also, it's one of the required readings for the Charted Market Technician exam (a recognized certification in the field).  A complete list as well as technical analysis topics can be found here:

http://www.mta.org/eweb/DynamicPage.aspx?webcode=cmt-recommended-reading (http://www.mta.org/eweb/DynamicPage.aspx?webcode=cmt-recommended-reading)

If you are wanting to be a good trader though, a technical analysis book will only go so far.  Studying technical analysis is kind of like studying how to carve.  It teaches you the methods and the ways of going about it, but without a system/strategy/plan, it's just an academic exercise.

If you want to be a good trader, I suggest reading the following books, each of which is written by a successful trader:

High Probability Trading - this will give you a reality check and help you build a system
http://www.amazon.com/High-Probability-trading-Marcel-Link/dp/0071381562/ref=sr_1_1?ie=UTF8&qid=1327109958&sr=8-1 (http://www.amazon.com/High-Probability-trading-Marcel-Link/dp/0071381562/ref=sr_1_1?ie=UTF8&qid=1327109958&sr=8-1)

Technical Analysis Using Multiple Timeframes -the best trading book I have ever read, teaches you how to read price and profit from it
http://www.amazon.com/Technical-Analysis-Using-Multiple-Timeframes/dp/1598795805/ref=sr_1_1?s=books&ie=UTF8&qid=1327110006&sr=1-1 (http://www.amazon.com/Technical-Analysis-Using-Multiple-Timeframes/dp/1598795805/ref=sr_1_1?s=books&ie=UTF8&qid=1327110006&sr=1-1)


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 21, 2012, 06:18:39 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: Goomboo on January 21, 2012, 06:22:59 AM
Lol yes, technical excellence!


Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: mysteriousawake on January 21, 2012, 11:44:14 AM
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Title: Re: Technical Anaylsis from a beginner for dummies, lol
Post by: crypmike on August 21, 2018, 11:51:31 AM
Technical Analysis Using Multiple Timeframes -the best trading book I have ever read, teaches you how to read price and profit from it
http://www.amazon.com/Technical-Analysis-Using-Multiple-Timeframes/dp/1598795805/ref=sr_1_1?s=books&ie=UTF8&qid=1327110006&sr=1-1 (http://www.amazon.com/Technical-Analysis-Using-Multiple-Timeframes/dp/1598795805/ref=sr_1_1?s=books&ie=UTF8&qid=1327110006&sr=1-1)

Do you have this book in PDF?

Upd: I've found http://booksee.org/book/1168894