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Not sure just where the best place to post this is so am posting it here please let me know if you think there is a better place.Ok so I have been studying trading and technical analysis for a year now ( I originally studied Daryl Guppy about 8 years ago but didn't do anything with the knowledge ) I completed the Guppy basic course on technical analysis.I am confident in the basics of drawing trend lines etc. I am familiar with many of the indicators Guppy uses but I am struggling to put this all together into a useable method to trade.Note I use Metastock V18.I have based all my education to date on Guppy but he just does not get clear enough for me on the steps maybe I am asking too much. I was hoping for a series of steps exactly as below.1/Stock Selection/ScanningI was hoping from all the Guppy traing I would have by now a nice list of some explorer scans I could run (he rarely gives the Metastock code which is also a problem as being new writing code for an exploration or indicator isn't straight forward unless you are given exactly what you need to enter where.)2/After eyeballing the charts to select stocks that may have opportunity you then have a reduced shortlist.3/Then I was hoping to have a series of indicators you can apply to identify if any of the short-listed stocks appear to provide a trading opportunity.4/You now have a list of stocks some of which may represent trading opportunities now or some that may be a wait and watch or as often may be the case nothing at all.. which is fine5/When you have an identified trading opportunity identify the rules for the trade (entry exit rules , capital preservation etc)and set a buy order.This would be something along with monitoring my portfolio I do on a daily basis.As above I struggle with 1 and 3 and its the lack of these indicators and explorer formulas I guess which is holding me back.I am at a loss what might be my next steps I am not stuck on Guppys methods and I dont want to start trading until I really feel confident in my process.Is there a better system/process or some further education someone could point me too.Many thanks in advance for all suggestions.
Not sure just where the best place to post this is so am posting it here please let me know if you think there is a better place.
Ok so I have been studying trading and technical analysis for a year now ( I originally studied Daryl Guppy about 8 years ago but didn't do anything with the knowledge ) I completed the Guppy basic course on technical analysis.
I am confident in the basics of drawing trend lines etc. I am familiar with many of the indicators Guppy uses but I am struggling to put this all together into a useable method to trade.
Note I use Metastock V18.
I have based all my education to date on Guppy but he just does not get clear enough for me on the steps maybe I am asking too much. I was hoping for a series of steps exactly as below.
1/Stock Selection/Scanning
I was hoping from all the Guppy traing I would have by now a nice list of some explorer scans I could run (he rarely gives the Metastock code which is also a problem as being new writing code for an exploration or indicator isn't straight forward unless you are given exactly what you need to enter where.)
2/After eyeballing the charts to select stocks that may have opportunity you then have a reduced shortlist.
3/Then I was hoping to have a series of indicators you can apply to identify if any of the short-listed stocks appear to provide a trading opportunity.
4/You now have a list of stocks some of which may represent trading opportunities now or some that may be a wait and watch or as often may be the case nothing at all.. which is fine
5/When you have an identified trading opportunity identify the rules for the trade (entry exit rules , capital preservation etc)and set a buy order.
This would be something along with monitoring my portfolio I do on a daily basis.
As above I struggle with 1 and 3 and its the lack of these indicators and explorer formulas I guess which is holding me back.
I am at a loss what might be my next steps I am not stuck on Guppys methods and I dont want to start trading until I really feel confident in my process.
Is there a better system/process or some further education someone could point me too.
Many thanks in advance for all suggestions.
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