Its all here on the bbs or in a book you can order from amazon. If you dont know what is meant by a word should always ask....and yes it will piss of the mroe experienced posters to be asked what is a sma for example...but they will either answer or post a link to where you can find out. and from that you learn something and once you know what is being discussed then you can form an opinion and interaction starts to take place and bingo
Bracke (but principaly to all you lurkers out there)
Do not be intimidated by jargon.
IMHO the key to understanding trading is to keep it very simple.
Note support/resistance levels.
Note how prices react to news. Does good news produce more upside or a muted reaction (ie prices already discounted)
Note break lines
Be aware of natural reaction levels (Fib levels to some)
In otherwords watch price action, because you should be trading what you see not what you may think (have no opinion of where it might be going).
Discussing esoteric technical analysis invariably takes you away from price action.
HOWEVER, just viewing is not going to do much to aid your education. Getting involved in discussions, exchanging views etc adds to the overall knowledge base but also is a very good check of one's own current understanding.
I have read a number of TA - sorry - Technical Analysis books but reading them and understanding a number of the posts is a different matter. However, enough of this banter time to get my'hands dirty'.
Much of this thread is about Fibonacci and intra-day trading, my own 'expertise/interest' relates to the ftse and dow monthly futures and I use charts to ascertain support and resistance levels.
As I type this the ftse is is very close to 4500 a major psychological level perusal of the charts appears to suggest that if this level is broken the next stop appears to be 4440 followed thereafter by 4380.
Do the contributors to this thread look that far ahead or is day trading the sole/main purpose of this thread.
We are getting close to full time now.
Are we going to keep this thread open.
Perhapse we could include some position trading as well as
interday stuff as mentioned by bracke.We have got some good traders on here,lets share the experience