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Volume-Price-Patterns-Context & Catalysts - Example Charts & Analysis

Discussion in 'Trading Strategies/Systems' started by tech/a, Jun 21, 2018.

  1. scholesy

    scholesy

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    Hi tech/a, great thred! What are your interpretaton for the charts on the stocks NCZ, RCL and ACF?
     
  2. tech/a

    tech/a No Ordinary Duck

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    Have a go at reading them
    Post here and then Ill comment.
    Other wise you learn nothing!!!
     
  3. just_jay

    just_jay

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    I generally do a massive scan once a month (D/W timeframe) on the major indices (Aus, US, UK and Nikkei). That's like a good 2000-3000 charts. I then pick out/ flag the ones that are trending up at all time highs or near all time highs, some that are ranging, and others that are at major S/R. I reject those that have peaks/ troughs of more than 15%. I like a smoothish equity curve.

    This usually brings the list down to 300-400 charts, which I then go through every 2-3 days and narrow it down to 50-100 charts. I used to look for breakout of ranges or pushes through resistance on higher volume, or a close over my defined EMA on strong volume after a retracement. I then eyeball these 50-100 charts everyday, and if the general market sentiment is ideal (I have a bunch of rules I defined), then I take the trade if it presents itself.

    Now, with the application of VSA, I am looking at the aforementioned 300-400 charts, and I look for abnormal volume (either very high, high or low), the spread of the candle (how wide and where it closed) and where the action is taking place. It can take me a few mins to work out whether there is accumulation or distribution from the market professionals. It takes longer if there are a lot of very high volume candles and usually I reject these because I get confused. That's the general idea of how I manage my watchlist.

    I'll try and be more discerning when I do my bi-weekly scans and include an additional criteria for making the final watchlist. And no. I havent worked out what it is yet. I'll figure it out once I start looking at more charts and reviewing the mark ups I've made on the charts. Many thanks for your perspective.
     
  4. bngood

    bngood

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    Here is another one that I think fits the criteria.
    IMC. It will be interesting to see if it respects the support line.
    I have always thought that the best indicators are ones that lots of people are using so that lots of people respect them. I guess volume indicates lots of people.

    Is this system used to buy and sell or do you still stick to your usual buy/sell plan and just use this to confirm?
    upload_2018-7-15_8-59-3.png
     

    Attached Files:

  5. bngood

    bngood

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    Here is the latest NAN. It broke out above the box and has closed above it for 2 days.
    It has already tested the box but I am not sure if it has to test and hold above the box.
    upload_2018-7-15_9-18-19.png
     
  6. tech/a

    tech/a No Ordinary Duck

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    Bngood
    You have bought up some vital questions
    Both general and specific.
    I’ll be able to spend the nesessary time to
    Answer later in the day
     
  7. tech/a

    tech/a No Ordinary Duck

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    Ive answered in the main thread as this is for Charts and examples.
     
  8. tech/a

    tech/a No Ordinary Duck

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    NAN is certainly conforming to support within the V/C bar zone.
    But the lack of volume is currently indicating a continuation of ranging.
    I read this as a test of the recent high.
    Of course a thrust through the high on volume will change the chart scape.

    We must also look at the chart in context
    NAN.gif

    IMC is similar but with its own twist
    IMC.gif
     
  9. tech/a

    tech/a No Ordinary Duck

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    As an Exercise


    Im trading this what would you be doing
    given the charting analysis.
    It was originally in my watchlist for the pattern
    after picking up the V/Bar.
    The very low volume caught my eye in the retracement
    of the V/C bar that pretty well ALWAYS happens and again
    in the second pattern (Relative to the volume in the Bars
    immediately before them).

    37.gif
     
  10. Country Lad

    Country Lad Off into the sunset

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    tech, you may remember having lunch at our place in Cairns many years ago where you tried to convince me I am eminently suited to go deeper into the technicalities of charting. Well I tried, and it was all too hard and complicated so I have stuck to the very simple system I have explained elsewhere here.

    As you have said before, to each his own.

    What have I done with this one? Buying it now & then as it breaks at these points along with strong momentum and some other indicators.

    Sorry, not meaning to hijack your thread

    My trading of this one.jpg
     
  11. tech/a

    tech/a No Ordinary Duck

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    Nothing wrong with Point and Figure
    When you get a chart like the one you
    Have attached it’s very simple

    Great for breakouts
    But try to read anything else
    And it’s of little value

    Yes I do remember that drink
    To far between my friend!
     
  12. Country Lad

    Country Lad Off into the sunset

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    No, no there is far more to P&F than just breakouts but that is another topic for another day.
     
  13. bngood

    bngood

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    What is it tech/a?

    I'm not good/familiar enough at the technique to analyse it.
     
  14. lindsayf

    lindsayf

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    I’m thinking you might be thinking of pyramiding.
    You could move your stop on the original buy to underneath the new vcb?
     
  15. tech/a

    tech/a No Ordinary Duck

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    Well done having a go.
    While I could do that I would be giving back too much open profit.
    There are some characteristics in this move not seen in the 3 prior forward moves.
    Subtle but there.

    This is what I'm going to do.
    38.gif38.gif
     
    myrtie100, lindsayf and greggles like this.
  16. tech/a

    tech/a No Ordinary Duck

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  17. just_jay

    just_jay

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    NEA
    Prior to reading announcement on 10/07 - Volume on last 4 bars higher than avg, and price is ranging. Due to price being at all time highs, I am thinking that this is distributing now rather than sellers being absorbed.
    After reading the announcement - I am thinking accumulation now, in preparation for the FY2018 results on 22 August.

    RVA
    So price is being suppressed during accumulation. In such an example, would you buy at end of day on the 16/07 and set S/L at 19-20c, or wait to see how price reacts the day after?
     
  18. tech/a

    tech/a No Ordinary Duck

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    Another worth looking at

    Joel
    RVA is far to sparsely traded for me
    NEA is in accumulation I think.

    41.gif
     
  19. just_jay

    just_jay

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    tech, you drew the trading range s/r box based on the vcb on 02/07, and not the 29/06, where volume was extreme. Why's that?
     
  20. tech/a

    tech/a No Ordinary Duck

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    Error
    Thanks for pointing that out
    I’ll alter the chart.
     
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