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Re: PENNIEStoSTACKS post# 75

Saturday, 10/19/2013 11:47:38 AM

Saturday, October 19, 2013 11:47:38 AM

Post# of 336
Thanks. I've been playing around with this stuff on and off for 15 years now... If you want to get into it, I highly recommend to become a member of stockcharts.com so you can play around. The chart school is excellent. I like the market message too they post excellent videos 2 or 3 times a time.

I started by reading Technical Analysis for Dummies. But the book I really love is Master Swing Trader by Alan Farley. But I'd wait for that.

What I've tried to accomplish with my charting setting is to create a "dashboard" that quickly lets me identify trend and swing indicators.

Trend is confirmed by price relative positioning to the MAs and the positioning of the MAs themselves.

The swing indicators I like are below the chart. I've tried to minimize that (Some have everything but the kitchen sink add, lol). I've added some features I find interesting, some pretty advanced, some I've learned here at iHub.

Lastly, the candles themselves are very powerful. I'd learn about candle stick patterns, at least basic ones.

And don't forget to respect volume, something I forget to do all the time, lol...

Anyway, feel free to ask any questions. Maybe start with the last chart I posted here.

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