Technical analysis beginner

2 posts / 0 new
Last post
#1 Tue, Aug 9, 2011 - 7:58pm
Bozzz
Offline
-
Mont Belvieu, TX
Joined: Jun 14, 2011
22
282

Technical analysis beginner

I’ve read Dr. Alexander Elder book, “Come Into My Trading Room,” and now am studying it more closely. Can someone point me to a web site, software, online broker, etc that has all the technical analysis tools so I can begin practicing what I’m learning?

I trade with Fidelity, but it only has the basic charting tools. I tried building my own, but I don’t think that’s going to work.

Thanks in advance for any help given!

Edited by: Bozzz on Nov 8, 2014 - 5:21am
Tue, Aug 9, 2011 - 8:21pm
Tom L
Offline
Joined: Jun 15, 2011
1339
6766

JSMineset.com Archives

Most of what I've learned I've learned from Sinclair and Dan Norcini over the years. Sinclair's archives at JSmineset.com go over all of the basics about trendlines, channels, use of fibonacci and french curves. There's tons of information in there. I'd go back to 2002-04 time frame as that's when he was doing most of his chart teaching. 

I've become less and less impressed with the technical indicators and tend to just use trends, fibonacci and horizontal resistance/support as guides to what can/should happen next. If you use those in combination with volume most of the picture will become clear as to what's going on. Then it's just a matter of deciding on entry/exit points and that's, honestly, a personally defined art-form based on what you can and cannot tolerate.

Ta,

-- Support bacteria, it's the only culture some people have. Need Goats or Chickens? Say hello at: www.facebook.com/PirateDogAcres

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.