Technical Analysis - Review of Support/Resistance --- Shows a simple strategy that can lead to decent gains.
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30 comments:
you whistle when you say 's' words
interesting stuff...all pretty new to me...keep up the good work
what is the name of that program you used there?
nice job
Yes, I would like to know the names of the softwares you use. Do you have to buy them?
interesting. next time talk a little louder.
thanks for the comments. first time ever i did a video. your comments are appreciated.
software = thinkorswim, under the "charts" section. they have created their own charts.
MK
Thanks for the video tmk. I'd be interested in seeing more.
Installed the software... Looks amazing! Thanks for this video!
more videos to come, don't worry!
Woops, meant to repost.
You should probably give the names of the chart patterns like M patterns and triangles. I think it would help people realize these things better with names, but that's just me.
Great video!
nice job, man.
Good Job
Sorry I couldn't find the program. Where can you download it ? I checked their website but you have to register for a demo version only
you can't just download it, you have to register.
MK
i don't quite understand the "short" when you say it has a $3 drop are you supposed to be looking for the line at $65 and when it dropped teh $3 below that you're supposed to buy in and ride it back up to $65?
I've just recently started getting into this and want to make sure I understand more before I get my feet wet
Technical analysis in retrospect it easy. Why don't you show us how to analyze a stock in real time and make the decisions? That would be cool.
as soon as it breaks the 65 mark, you'll want to short, because the support has been broken and the stock will collapse.
i am trying to think about how i could do it in real-time. hard to tell when the plays are going to come up.
MK
Could you just record the data just in case and then voice over/speed up later, that would be really cool to look at imo.
This program that your using has a delay of 20 minutes which will be hard to determine when to short or buy in. Is there a free level 1 chart streaming program that you recommend or use? Or even a level 2?
Not sure what you mean? The program is not a 20 min delay one. I dont need any other programs, TOS works just fine.
MK
I agree with the last person to post. It would be nice if you were able to make a video with the future of a stock hidden, then show when you would make trades as you reveal how real trading actually occurred. It doesn't help me a whole lot to see when I should have made trade after the market goes up or down, only if I can see a pattern as it is emerging.
The program TOS says under Session Status: Delayed 20 minutes. What does that mean? Doesnt that mean the data feed is delayed 20 minutes? I try to match up TOS streaming with real-time and it seems like there is a bit of a delay in it. Please let me know. Thanks.
hey i just downloaded the software. thank you... yes in mine it says 20 mins delay as well ? dats a bit weird !
maybe u need to have active account or funds in there to get streaming quotes and graph ?? right ??
hey kidd would you by any chance be able to explain the market moves ? its so darn unpredictable !!bad news and market goes up ? how ??
TOS - charts are streaming, but quotes are delayed a bit. charts are all you really need to have to trade though.
explaining the market is impossible. people have been trying to figure that out since it was created. there would be no point to a stock market if everybody knew which way it was going at a given time. that's why so many people play. all you need to be able to do is beat the person you are against in a position. emotions are a big reason why people trade. me and my strategy try to take advantage of overdone emotions on stocks.
video taping in real time is almost impossible. sometime i am sure i will be able record something that is in action. summer time will be good for that. the idea is to just be aware of when the stock is going to hit previously marked lines of support/resistance. it is the same thing during as it is after.
MK
Like someone else who commented, I'm trying to get started investing. (As an aside, I find your blog quite fascinating.) The video you posted made a lot of sense to me, at least as far as when to sell. But am I missing something? When do you buy? In the example in the video, would it be just as the stock breaks $65? With the rationale being that the stock price is going to rise and will thus not be as profitable...
Perhaps I ask too much of you, but I thank you anyway.
And I'd also like to see more videos from you.
thane - correct, when it breaks the $65 mark. now look, the stock is at $87 a share as of last quote.
They TMK.
For the first time in 3 years I've finally reading a website with someone who seems not too hyped up about making money in the market. The way you explain things seem to be very level headed and not so....fake -or fake enthusiasm-.
Your approach on explaining a chart through out multiple days is clear, concise and easy to understand.
Also, I agree with another post that it would be more beneficial for you to post a video of you analyzing a stock and trading it as it goes. I would recommend that you record a short-trade over a 3+ day period to really show how you prepare to short a stock and when and how you execute the trade.
I know it's asking a lot, but those are my two pennies.
I guess the other clue to how to short a stock is finding the right stock to short. Where do you go to find a group of stocks to short? How do you narrow it down? I would be surprised if you follow more than 2 or 3 stocks to short since shorting takes a tremendous amount of attention, it would be difficult to split your attention, unless you've already set up a trade to execute if it breaks through a certain resistance/support.
TOS seems pretty good so far. I just switched over and I'm trying to get used to the platform.
Thanks again for posting. It helps a lot.
Cheers,
Banana
are you in the south? maybe virginia or carolina areas?
I love this video!
Awesome!
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