Technical analysis

Discussion in 'Stocks & Derivatives' started by Topherclaus, Jul 21, 2016.

  1. Topherclaus

    Topherclaus Active Member

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    I find that most people trying to make any predictions fall back on technical analysis. There are plenty of people who attack that technique as it is unreliable and false; but surely if enough people who are trading, not PM specific, do follow that technique then surely it could be a self-fulfillimg prophecy because they will also naturally trade in patterns, creating patterns.

    Therefore following the technical patterns might not be so stupid, right?
     
    Topherclaus, Jul 21, 2016
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  2. Silverthorn

    Silverthorn Well-Known Member

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    keep it simple. support and resistance lines, trend lines. look for consolidations and break outs.

    [​IMG]

    strong trend with resistance broken at 2:50 after consolidating and a shorter version for 2.50 to 2.75.
     
    Silverthorn, Jul 21, 2016
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  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Technical analysis, fundamental analysis and particularly with resource stocks time analysis all have important roles when trading
     
    Caput Lupinum, Jul 21, 2016
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Agree. There are 100 ways to skin a cat. But all 100 are based on the same principles.
    The underlying principles do have substance and science in their methodology.
    Not sure I agree that you can make a chart trend look upwards or downwards at will?
    Trends can be different, however, depending on timeframe used - no surprises there.

    Nailed it in one.
     
    wrcmad, Jul 21, 2016
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  5. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I am not familiar with Time Analysis. Can you point me to a good resource on the subject?
     
    BuggedOut, Jul 21, 2016
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  6. finicky

    finicky Well-Known Member Silver Stacker

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    [​IMG]
     
    finicky, Jul 21, 2016
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