So I am looking at a day chart ....

london_lad · Jul 9, 2009

So many links / forum posts overwhelmingly about basics / introduction / technical analysis / snakeoil indicators / winning system that works (i wonder why they selling then) / etc / etc.

I truly believe, that this forum has real experienced traders. I have a genuine question. I am trading CFDs of Indices. Looking at the chart of FTSE100 and DJI - What exactly am I suppose to now look for?

RSI reaching 70 or 30?
MACD reaching mid point from above or below?
Simultaneous combination of both?

Or what else?

Let's take this as a start thread, that any one who is familiar with the basics (stop loss / limits / platform / contract sizes / pips / etc) can pick up further from.

Cheers

N Rothschild · Jul 10, 2009

for starters learn candlestick's and chart patterns then go from there

jiggly · Jul 10, 2009

london_lad said:
What exactly am I suppose to now look for?

you are supposed to be looking for price areas, where the price is more likely to turn around and go in the opposite direction.

you are supposed to be looking for activity which indicates high levels of supply and demand, or a lack of it (activity).

you are supposed to be aware of these and how they pan out over time, (market cycles).

price , volume(activity), time.

squall321 · Jul 10, 2009

london_lad said:
RSI reaching 70 or 30?
MACD reaching mid point from above or below?
Simultaneous combination of both?

it depends
are you going to use them for overall analysis; trend direction, pullbacks, momentum, divergences etc.

or just mindlessly take signals from them, lose a load of money, and come back bitching about how you hate indicators

:?::?:

Igat · Jul 10, 2009

Chart patterns, candlesticks, support and resistance (including pivots) with a dash of fundamental awareness.Thats all I use.

Black Swan · Jul 10, 2009

london_lad said:
I have a genuine question. I am trading CFDs of Indices. Looking at the chart of FTSE100 and DJI - What exactly am I suppose to now look for?

no 'shakes head' emoticon so this will have to do...

arabianights · Jul 10, 2009

Don 't even try this...

pengeshark · Jul 10, 2009

Hi london, what to look for? there are many different ideas on how to trade successfully on this site (trading methodologies/money management, risk...) Search them out and read through them, pick a method that suits your PSYCHOLOGY and then paper trade it. Keep a record of the results, analyze and then if successful at this point, start using small position size's and build your confidence up with your particular system. Point is there are many things that can work but none are easy. It takes much hard work, analysis and discipline. Good luck

counter_violent · Jul 10, 2009

london_lad said:
So many links / forum posts overwhelmingly about basics / introduction / technical analysis / snakeoil indicators / winning system that works (i wonder why they selling then) / etc / etc.

I truly believe, that this forum has real experienced traders. I have a genuine question. I am trading CFDs of Indices. Looking at the chart of FTSE100 and DJI - What exactly am I suppose to now look for?

RSI reaching 70 or 30?
MACD reaching mid point from above or below?
Simultaneous combination of both?

Or what else?

Let's take this as a start thread, that any one who is familiar with the basics (stop loss / limits / platform / contract sizes / pips / etc) can pick up further from.

Cheers

Am so glad that I am not just starting out....it's a complete uphill struggle so best you get cracking and start educating yourself....about 5 years should do it...give or take

Technically Fundamental · Jul 10, 2009

What you should be looking for are some good books on how to trade and economics not expecting any of these tw@s to help you. The fact that none of them ever spoon-fed me the basics (except dante sometimes lol) has helped me tremendously. When you've grasped the basics they'll be more than happy to help with with the more technical side of all this madness. I'm not saying that as though I'm a great trader but I've learned a hell of a lot on here. IMO you cannot synthesise or process the information you need for trading unless you learn it yourself. By asking to be told how to trade you'll be missing the important moments when things just begin to 'click' and you just 'get it'. Thats enough rambling from me.

tenbobtrader · Jul 10, 2009

london_lad said:
So many links / forum posts overwhelmingly about basics / introduction / technical analysis / snakeoil indicators / winning system that works (i wonder why they selling then) / etc / etc.

I truly believe, that this forum has real experienced traders. I have a genuine question. I am trading CFDs of Indices. Looking at the chart of FTSE100 and DJI - What exactly am I suppose to now look for?

RSI reaching 70 or 30?
MACD reaching mid point from above or below?
Simultaneous combination of both?

Or what else?

Let's take this as a start thread, that any one who is familiar with the basics (stop loss / limits / platform / contract sizes / pips / etc) can pick up further from.

Cheers

well don"t

look at a chart

What is the Market ?

its not a chart is it

see CV post above

awakde · Jul 12, 2009

pengeshark said:
Hi london, what to look for? there are many different ideas on how to trade successfully on this site (trading methodologies/money management, risk...) Search them out and read through them, pick a method that suits your PSYCHOLOGY and then paper trade it. Keep a record of the results, analyze and then if successful at this point, start using small position size's and build your confidence up with your particular system. Point is there are many things that can work but none are easy. It takes much hard work, analysis and discipline. Good luck

Any recommendations on what to search for on these forums? I am new here and looking to do learn about swing trading strategies. There are loads of posts in the archives and I am sure there are lots of hidden gems out there. Would really appreciate on some keywords/posters to search for.

samnakthong · Jul 14, 2009

As ever. Lots of advice about what not to do but no definate stratergies, no holy grails, no top 10 tips, no "the ftse always does this",type of advice. Time to start a new thread.

tenbobtrader · Jul 14, 2009

samnakthong said:
As ever. Lots of advice about what not to do but no definate stratergies, no holy grails, no top 10 tips, no "the ftse always does this",type of advice. Time to start a new thread.

keep a record of what not to do for a few months

find out what the market is while you collect them

subtract what not to do from what your thinking could prove to be a good Strategy and see what you end up with

samnakthong · Jul 14, 2009

Good call. Broadly what I do. I actually started doing just the opposite of what I was doing and started making money.

crxrc · Jul 16, 2009

Watch the price and volume action everyday for a while before looking at charts etc etc. Try and see how your market really behaves.

So I am looking at a day chart ....

london_lad

Established member

N Rothschild

Legendary member

jiggly

Well-known member

squall321

Well-known member

Igat

Junior member

Black Swan

arabianights

Legendary member

pengeshark

Junior member

counter_violent

Legendary member

Technically Fundamental

Senior member

tenbobtrader

Guest

awakde

Newbie

samnakthong

Member

tenbobtrader

Guest

samnakthong

Member

crxrc

Junior member

Similar threads