/ta/ - Technical Analysis General

[Anonymous No.23330823]

>Youtubers
https://www.youtube.com/user/PSAadmin

>Books
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

>Previous thread
>>23311768

[Anonymous No.23330828]

feel free to suggest stuff for the open post, lets get this rolling frens

[Anonymous No.23330854]

a few ideas. currently entered a position in ACCD on this bullish retest of resistance turned support

[Anonymous No.23330861]

got my eyes on UBER, waiting for it to hit the bottom of the channel

[Anonymous No.23330882]

U (Unity) in possibly a channel on the 1hr

[Anonymous No.23330930]

>shilling TA in 2020
AHAHAHAHAHAHAHHAHAHAHAHAHAHA

[Anonymous No.23330957]

>>23330930
thanks for your contribution. can you go back to shilling your shitcoins?

[Anonymous No.23330968]

>>23330823
based anon, i made this thread, nice idea to make it recurrent

>books i suggest
Encyclopedia of chart patterns (Thomas N. Bulkowski)
Daytrading (Joe Ross)
Technical Analysis using multiple timeframes (Brian Shannon)
Japanese Candlestick Charting Techniques: A contemporary guide to the ancient investment techniques
of the Far East (Steve Nison)


>websites
thepatternsite.com

[Anonymous No.23330979]

>>23330957
Can you go back to гeddit and shill your youtubers dabbling in pseudoscience there?

[Anonymous No.23330989]

>>23330979
fuckin kill yourself already and go back into some indian thread to talk about lazarus, bingbong

[Anonymous No.23330999]

>>23330968
Add "The New Trading For a Living" Alexander Elder

It's a solid read

[Anonymous No.23331006]

>>23330989
>being this unhinged for getting called out
TA is a meme. Anyone trading crypto on TA is a retard and will loose all their money.

[Anonymous No.23331040]

>>23331006
If you're trying to buy low then you're traying to do TA, or maybe are you one of those "just DCA bru" retards?

[Anonymous No.23331041]

>>23331006
where did anyone mention crypto in this thread?

[Anonymous No.23331056]

>>23330968
>>23330999
Thanks lads, will make a pastebin and add the lists there in the next OP

What book are you currently reading? Have you got your eyes on any interesting chart?

[Anonymous No.23331071]

>>23331040
If TA works you must be able to easily predict this shitcoin longtearm movement.
Lets see if you can.
Timeframe on the chart is 1 year. Go ahead.

[Anonymous No.23331101]

>>23331071
looks like a trendless sideways price action.
I don't do TA on shitcoins obviously by the way

[Anonymous No.23331111]

>>23331071
>If TA works you must be able to easily predict this shitcoin longtearm movement.
Man, you are a fucking retard and you don't even understand TA
TA does NOT PREDICT THE FUTURE
get out of my

[Anonymous No.23331127]

>>23331101
>looks like a trendless sideways price action.
Ye, its Chainlinks chart, it did 20x in the next year and 200x in a year and a half since the latest point shown on that chart.
Go fuck yourself, clown.
>>23331111
>TA does NOT PREDICT THE FUTURE
Oh what does it predict then? Past? Fucking nigger retard lmao.

[Anonymous No.23331163]

>>23331071
>Timeframe on the chart is 1 year. Go ahead.
Uh, so shitcoins existed in 1970? I didn't know
Can't be 1 year, tard

2nd, i need a wider chart on the left, volumes and other shit (an RSI would be good)

[Anonymous No.23331164]

>>23331127
you are just showing how stupid you are.
TA is the study of past price action to determine trends and give you signals for entries and exits

it does not predict the future, don't be retarded

[Anonymous No.23331206]

>>23331163
cope
>>23331164
>to determine trends and give you signals for entries and exits
WOAH WHATS THAT
SOUNDS LIKE
UUUUH
HELP ME OUT ANON
WHATS THAT SOUNDS LIKE???
SOMETHING THATS CALLED FUTU... UH CAN'T REMEMBER!!!

[Anonymous No.23331226]

>>23331206
>thinks TA is pseudo-science
>asks for crystal ball reading based on 3 chandlesticks
Ok

[Anonymous No.23331235]

>>23331206
come on bro, we are trying to have a TA general. if you don't like it, just stay out of it? grow up

[Anonymous No.23331247]

>>23331235
I like making fun of TA retards, can't pass this one, sorry
>>23331226
cope cope cope

[Anonymous No.23331307]

>>23331235
Don't take the bait just ignore.

[Anonymous No.23331345]

>>23331247
Must be a punjab that missed the link train. What a pleb.

[Anonymous No.23331716]

bump

[Anonymous No.23331917]

>>23331247
fucking tard, i'm trying to explain to you that TA is not about "look at 3 chandles and i foresee the future"
It requires techniques and a lot of effort to have a decent study on a chart.

[Anonymous No.23331951]

>>23331917
Those are called candles. You see, they look like candles, thats where the name comes from, anon. You have no clue what TA really is btw.

[Anonymous No.23331987]

Guys, what is Chainlink doing right now? Lower volume and preparing for takeoff? Thanks guys.

[Anonymous No.23332014]

>>23331951
TA is about % of success and a good risk management.
Even if you can just recognize what kind of market you're in (ranging, downtrend, uptrend) you'll make better choices on when to buy or sell.

TA lowers the possibility of saying "wtf i hadn't to jump in this now".

[Anonymous No.23332071]

>>23331987
It's facing a strong resistance rn, if it doesn't get to break it, it will go at $9.32, if it breaks the resistance it can jump to the next level, which is around $12.40.
The day of maximum pressure, in which we should see the break out, will be monday 19 oct.

[Anonymous No.23332087]

>>23332014
Holy retard let me actually explain to you what TA really is cause its obviously your first day on /biz/.
TA - is a collective positive thinking. Its idea is to get as many traders to think in a similar patern and make similar decisions so trades would be more reliable. The easier TA is the better the chance it will actually work cause all the retards will see same pattern(HNS as the most prominant example of it). The more tools you niggers use the worse your analysis becomes cause you get less people doing what you're doing. Interpreting simple patterns is unironically the best way to get most out of TA.
But all that shit is theory cause when a whale enters the market or fundamentals go to shit all you TA becomes literal garbage(>implying it wasn't before but let me humor you).

[Anonymous No.23332114]

>>23332087
>muh masses of traders interpret things all in the same way and thus their money make things go in that waaaay
Ok ringed genitals, you can't even tell the difference between sentiment and ta.

[Anonymous No.23332128]

>>23332087
>Interpreting simple patterns is unironically the best way to get most out of TA.
Yes, I agree. TA should be simple

[Anonymous No.23332135]

>>23332114
TA makes sentiment you absolute moron.
>>23332128
Then why did you fail on Chainlink example?

[Anonymous No.23332144]

people in this thread thinking TA can predict the future, lmao my sides
TA isn't 100% accurate but you can make a lot of money even if ur only 50% accurate, depending on ur risk managament and what positions u take u can make money even with 30-40% accuracy if you have tight stop losses, when the market moves in ur direction u can make a lot of money, so i guess the retards who keep saying TA is pseudoscience are those of the 90% who tried to trade with TA for a few months lost a lost of money and now are bitter.

[Anonymous No.23332166]

>>23332135
How exactly did I fail? I just said it's trendless/sideways

[Anonymous No.23332180]

>>23332135
>TA makes sentiment you absolute moron
So you're saying that the majority of the investors are right and the price will move in the way they see in their analysis.

[Anonymous No.23332187]

>>23332166
>I just said it's trendless/sideways
>it made 20x gains
>How exactly did I fail?
Are you pretending to be retarded now or what?

[Anonymous No.23332195]

>>23332144
We're talking with retarded chainlink holders, they basically don't trade anything, just bought chainlink, and most of them didn't sell even when it was at $20

[Anonymous No.23332216]

>mfw know the TA secret
>took literally years of study and backtesting to discover
>it turns out to be one of the simplest indicators possible and will save you from making the wrong investment decisions 99%+ of the time

still need to combine it with fundamentals tho. and no im not telling

[Anonymous No.23332239]

>>23332216
moving average 200?

[Anonymous No.23332252]

>>23332180
>majority of the investors
Don't do vodoo shit known as TA so no, only TA fags do and they mistakingly think that TA actually sets trends when in reality it only sets trends in the minority of investors who """use""" TA. Average minor investor goes of either by fundamentals of feefees, average institutional investor buys low and sets trend themselves.

[Anonymous No.23332268]

>>23332014
People see really bad TA and think it's all like that when in reality even just doing the most basic stuff will save you from making those "I am financially ruined" posts. Here's a sample of basic TA with a little more advanced stuff thrown in. BAT. A crypto no one is excited about but it has a long trading history so you have something to work with. Summer of 19' it plummets until eventually double bottoming circled in green. Good place to mark a support line (In my case it's actually above the price action because I traced it all the way back to the beginning) On the macd though you see a bullish divergence. At that point in time it was a safe bet to go long. Eventually it double tops and now you'll have a new resistance line. Also macd shows a very clear bearish divergence. Safe bet to short. Time goes on until the present any trader coming in will clearly see it's been stuck in a ranging action for over a year now. The basic TA tells you go long only at the support line and go short at resistance. If there's a break out from the box then of course you'll lose the trade but that's another discussion for how to prepare for that. Until then at least you won't look like an idiot trying to go long right under resistance because you just "feel" like you should buy BAT. Without TA how exactly do people making trade decisions? Just off word of mouth and shilling? Fundamentals are good to study but they don't give proper entry timing. TA is most definitely about finding the highest probabilities and with that also knowing where your stop loss should go logically to then determine position size.

[Anonymous No.23332307]

>>23332252
You just said it. Institutions are the market movers. For those of us on /biz/ we then use TA to find what big money is doing and we go for the ride. TA doesn't set the trend it finds the trend. That's a big distinction.

[Anonymous No.23332321]

>>23332187
God you are fucking stupid. Shut the fuck up.
Anon posted a picture which had few candles and that's it, who the fuck knew that was link

[Anonymous No.23332362]

>>23332239
well, since you guessed, yes.

[Anonymous No.23332366]

>>23332307
>trying to figure out entry point based on coffee stains instead of based on research
>>23332321
Linkies knew. TA fags laughed. TA fags aren't laughing now.

[Anonymous No.23332419]

>>23332268
Good post

[Anonymous No.23332425]

>>23332362
One of the most based instruments, actually

>>23332268
This, even if i don't like MACD so much.


>>23332366
TA fags laughed at what, exactly? I don't know what you're talking about

[Anonymous No.23332448]

>>23332366
link has one of the best charts in crypto TA-wise so idk what ur talking about

[Anonymous No.23333132]

Ok, skipping back to the main thread after the turds hijack, what instruments do you like to use and what are you looking into, anons?

[Anonymous No.23333187]

>>23333132
I like trend lines, volume, moving averages, obv. Maybe bollinger bands sometimes but thats it. I trade mostly just based on support/resistance
What about you?

[Anonymous No.23333522]

>>23333187
I like diagonal trendlines, they give some information on the time too.
Now i'm looking RSI and testing other divergence indicators (like Chande MO) to see how they work together.

I use moving averages too, mostly i use them as support/resistance dynamic zones.

I use ichimoku cloud very much.

I like a lot of advanced stuff, but i'm a little messy sometimes.

[Anonymous No.23333583]

>>23333522
Is there an indicator that tracks average price paid for a stock? Something like price*volume, averaged over the total float of the company. Is that basically vwap?

[Anonymous No.23333666]

Is TA hard to learn? I currently use MACD for day trading but I’m struggling to learn what time frames to use

[Anonymous No.23333696]

>>23330930
this

[Anonymous No.23333745]

>>23333583
>Is there an indicator that tracks average price paid for a stock?
Ehm, price action?
A moving average too.

>Something like price*volume
this maybe can be VPT or MFI, but they're oscillators

[Anonymous No.23333771]

>>23333666
Checked.
No, TA concepts are simple.

>what time frames to use
The stronger the timeframe the stronger the meaning of the pattern. Totally depends on trading you are doing. For day trading you probably want 15 min charts

[Anonymous No.23333776]

>>23333666
Daily timeframe works best for a lot of indicators.
Of course you have to open trades according to the timeframe you're using.

TF lower than 1H are not very good in general

[Anonymous No.23333793]

>>23330823
Finally a comfy thread.

[Anonymous No.23333800]

>>23333522
Ichimoku is probably the only complex indicator that I like.
I like rsi but only use it for confirmation/divergences, same as obv

[Anonymous No.23333801]

https://greater-fools.com/2020/05/18/trading-altcoins-on-short-timeframes-gambling/

[Anonymous No.23333814]

>>23332448
Link's chart on daily candles with a 200 ema is a monster. Nothing even comes close to it's performance besides bnb. I checked everything from 2017 onwards.

[Anonymous No.23333821]

Feel free to post any chart you are looking at right now with your setup. Stocks, crypto, silver whatever.
Are you looking at something? Waiting for a buy? Looking to get out? Share it

[Anonymous No.23333836]

this works... the rest so-so

[Anonymous No.23333840]

>>23333771
>>23333776
Thanks frens, I don’t like to hold stocks overnight so as you said 15 minutes is best for that?

[Anonymous No.23333866]

>>23333836
What do you use for your charts? I use investing.com but they don't have volume profile which I'd like to use

[Anonymous No.23333877]

>>23333866
I use exocharts - got it from here.
https://greater-fools.com/2020/05/16/why-technical-analysis-isnt-enough/

[Anonymous No.23333879]

>>23333745
What I mean is something like moving average, but instead of averaging over the last X days, it's averaging over the last X shares traded. So a higher volume day would count for proportionally more.

[Anonymous No.23333886]

>>23333836
What indicators are those?

>>23333840
If you are doing day trading, then you need low timeframes like 15 min. For longer trades, like swing trades, daily charts. For long term trading, weekly/monthly

[Anonymous No.23333906]

>>23333666
Just remember the lower you go in timeframe, the closer you get to bot territory. 1 minute candles and below the bots will eat you alive as they devour fractional percentage gains instantly. Lowest I'd go is 5 but I'd still reference a 30 minute chart for trend confirmation.

[Anonymous No.23333923]

>>23333840
15 minutes is used for scalping or to put down a more precise enter, i don't look very much at it, i just switch between 1h-4h-1D.
But let's be clear here, i mostly base my strategy on the daily, or 4h, i switch to lower timeframes just to look how it's going.


For stocks, look at a daily chart, the most of the profits are not made daily.

You'll use different strategies if you're trading forex, crypto, stocks, and so on.

[Anonymous No.23333965]

>>23333879
I don't know, it seems you're talking about a depth wall for stocks?

[Anonymous No.23334012]

>>23333886
orderflow pure orderflow
and swing trading is the only reliable way to make money in this market.
Because these firms don't have infinite capital. Most of these firms have inventory and often trade using loans.

This one of the biggest secrets in crypto.
Su Zu partially revealed it.
When BIG MONEY LENDERS stop lending this when bitcoin tanks.
https://www.youtube.com/watch?v=C07X4hBWyHY

[Anonymous No.23334025]

>>>23333776
>23333771
Massive faggots. Advising >>23333666
a day trader to use anything other than 5-3-1 is nothing short of stupid.

Three monitors are to display 5min, 3min, and 1min. Stay in the simulator until you start making profit 60% of the time. The rest is obvious, don't have time to explain everything, that's what the simulator is for.

>>23330823
OP is a faggot as always, recommending a channel that names fucking candles. All names you need to know are: doji, normal one, and swirling nigger or whatever that doji looking thing is called.
Refer to: Investor Trading Academy.
Wake up 1.5h and a half before Open, run for 40-50minutes, then masturbate. In the last 30mins do your analysis. Don't invest for 20mins. If you don't want to trade anymore, stay in the simulator.

[Anonymous No.23334129]

>>23334025
There's not just one way to trade, i don't do day trading on stocks by the way.

[Anonymous No.23334353]

>>23332087
this is not true sometimes whales simply fuck up every pattern

[Anonymous No.23334362]

>>23334025
What? Did you even check the videos from the channel I suggested? Anyway I'm happy to add other videos to the next op, that's just one I like

[Anonymous No.23334961]

>>23333965
My understanding is that depth walls are looking at order books. This would just be looking at trades that actually executed.

So say a stock has 100m shares, and trades with an average volume of 2m per day. That would mean that, on average, the stock would "turn over" every 50 days. Now obviously that's not actually how it works: some shares have been held for 20 years, and others have been changed hands twenty times in the last week. But as an average, it gives you a sense of the average price that was actually paid for all the shares. On a day when volume is unusually high, more shares have changed hands, and so the time to turn over is going to be less.

[Anonymous No.23335141]

>>23334961
This information is already in the candles

[Anonymous No.23335456]

>>23335141
No? Candles show start price, end price, min price, and max price over a certain time period. Literally nothing I talked about. Are you being intentionally unhelpful?

[Anonymous No.23335503]

Can you dear OP >>23330823 or other experienced sirs name THREE most frequently practiced TA patterns/features?

[Anonymous No.23335571]

>>23335456
Price that was actually paid for all the shares in a day went exactly between the open and close price, including the shadows.
So a moving average gives you the average price that has been paid for the stock.
If you want to put the volume info too, you can use a vwma (volume weighted moving average)

[Anonymous No.23335741]

>>23332239
on what timeframe though?

[Anonymous No.23335916]

>>23335741
Daily, but it's relevant at all timeframes, the bigger the timeframe the stronger it is.

[Anonymous No.23336005]

>>23335503
most popular patterns are:
head and shoulders/inverse head and shoulders
double tops (or multiple tops)
double bottoms (or multiple bottoms)