tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,512
- Reactions
- 6,752
I’ve written a great deal on VSA over the years.
I’ve used it since around 2005 and it’s changing as everything else changes.
“ AI “ is the latest addition to the traders arsonel .
Technical analysis has changed as rapidly as Medicine — keeping up with the
Latest up to the minute “ Technical wonder “ is mind bending.
I prefer to boil it down and dispense with the noise.
Conventional T/A is slow and terribly in accurate particularly in the hands of people
Who just don’t understand it. Most is very simple rehash after rehash of an Average
And turned into an oscillator, with many telling almost identical information of Price
action way way after anything of value has passed.
EG RSI, Macd, Bollinger Bands , Keltner Chanel’s and I could list another 20;
Many use one to confirm another much like confirming a car is a car by looking at
BMW , Ford , Toyota and KIA same same packaged similarly.
All the information we as technical traders need is Volume and Price action.
Back in the day it was being able to read the tape.
Wyckoff, Stadelmayer, Williams to name a few.
Today it’s slow to slow.
You need to be able to see what most don’t see.
To be able to take trades well before others. At the point where others look at a chart and say
There back there was where I should have taken a trade and you’re already on it!
I’m open to work through this with those interested.
I don’t want to run a course or act like an expert in the field. But to help those who need to learn
In their own way their own method of trading this exciting methodology.
If your really serious there is software that will save you months.
But it’s costly but if you run any business it will cost to set up. My trading has cost me About $30K
My returns justify that expense, as does my understanding particularly what I don’t need to know.
Above is a poll to indicate to me and others what interest there is in this topic.
It is set to run a max of 90 days
I’ve used it since around 2005 and it’s changing as everything else changes.
“ AI “ is the latest addition to the traders arsonel .
Technical analysis has changed as rapidly as Medicine — keeping up with the
Latest up to the minute “ Technical wonder “ is mind bending.
I prefer to boil it down and dispense with the noise.
Conventional T/A is slow and terribly in accurate particularly in the hands of people
Who just don’t understand it. Most is very simple rehash after rehash of an Average
And turned into an oscillator, with many telling almost identical information of Price
action way way after anything of value has passed.
EG RSI, Macd, Bollinger Bands , Keltner Chanel’s and I could list another 20;
Many use one to confirm another much like confirming a car is a car by looking at
BMW , Ford , Toyota and KIA same same packaged similarly.
All the information we as technical traders need is Volume and Price action.
Back in the day it was being able to read the tape.
Wyckoff, Stadelmayer, Williams to name a few.
Today it’s slow to slow.
You need to be able to see what most don’t see.
To be able to take trades well before others. At the point where others look at a chart and say
There back there was where I should have taken a trade and you’re already on it!
I’m open to work through this with those interested.
I don’t want to run a course or act like an expert in the field. But to help those who need to learn
In their own way their own method of trading this exciting methodology.
If your really serious there is software that will save you months.
But it’s costly but if you run any business it will cost to set up. My trading has cost me About $30K
My returns justify that expense, as does my understanding particularly what I don’t need to know.
Above is a poll to indicate to me and others what interest there is in this topic.
It is set to run a max of 90 days
...
