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Technical Analysis, Fundamental Analysis or Random Walk?

Discussion in 'Trading Strategies/Systems' started by shulink, Oct 25, 2008.

  1. shulink

    shulink

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    In this down market, what method you guys using to trade? Technical analysis, fundamental or random walk? I used to use fundamental analysis to analyze a company then use technical analysis to swing trade the company. But now days, I don't look at the fundamental anymore, only use technical to swing trade.
     
  2. MRC & Co

    MRC & Co

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    What are you swinging, equities? And what companies? I would think shorting would be the only thing working at the moment on a daily chart.
     
  3. mazzatelli1000

    mazzatelli1000

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    Are you suggesting swing trading only operates on the long side????
     
  4. MRC & Co

    MRC & Co

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    No, I am suggesting, to swing a short, you need a rally. Everything is flat out capitulating at the moment!

    Who has held a short on this swing down out of the consolidation band well above? Few I would think.

    Not many sectors 'swinging' from what I can see........
     
  5. Nick Radge

    Nick Radge

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    I have 5 shorts on in the US that I consider swing trades. Here is one I closed earlier this week in HMY.

    [​IMG]
     
  6. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    Fundamental analysis helps you know what to buy but technical analysis is better when irrational actions rule.

    For fundamental anaysis to work you have to have some understanding of where the economy is going. I don't think anyone really knows.
     
  7. MRC & Co

    MRC & Co

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    Good stuff!

    That's the beauty of equities I guess, so many charts to find set-ups! Unusual set-up, is that a new one on the power set-ups?
     
  8. Nick Radge

    Nick Radge

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    We're trading at the peripherals of a range then back into them now. Breakouts in this environment have been poor performers. As I've always said, the market is simply a feedback loop.

    Here is another from earlier in the month in HRL:

    [​IMG]
     
  9. shulink

    shulink

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    I'm swing trade solar and airline companies. Usually I just hold between 1-5 days at most. Some of the stock on my watch list are yge, tsl, uaua and a few from other industries.
     
  10. Rockhoundnz

    Rockhoundnz

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    Technical only, but then I'm only in for short term - tens of minutes at most.
     
  11. shulink

    shulink

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    what companies you day trade in?
     
  12. kam75

    kam75

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    Hi shulink

    I only ever use TA, regardless of the market. In this market at the moment, I look at buying stocks that have bottomed out, increased in volume and On-Balance Volume, and are attempting to break some kind of resistance of at least a few weeks. Providing this market holds, there should be some fantastic opportunities to buy like that.
    best of luck
     
  13. shulink

    shulink

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    Re: Technical Analysis, Fundamental Analysis or Random Walk

    I use something similar recently. I look at the 5-10 day average volume and also the overall market trend. If a stock increase with a high average daily volume and stochastic is going up, I will keep them on my watch list.
     
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