Search results

  1. Piston Broke

    Dont you just hate that?

    The problem with the yahoo charts is that they don't show the last day. And I use etrade who's charts suk. Getting in before the gap is even harder when shorting.
  2. Piston Broke

    Dont you just hate that?

    It tells me the spaghetti on my computer screen is not cooked properly and is the wrong colour...better not eat it. It looks godawful! this is more tidy & edible imo: Just seems in limbo to me, the 7 has'nt closed under the 35. Keep in mind that I dont know what MAs I would use for trading...
  3. Piston Broke

    Dont you just hate that?

    You have two charts with MAs at once on your screen, simplify it to only one stock or index. Make it look like this: I personally don't like line charts with MAs, and prefer candlesticks. Would i be selling ANZ? Nope. Buying? Nope. Waiting? Yes.
  4. Piston Broke

    Dont you just hate that?

    Moving averages are an avg price value plotted over time. They look like line on a chart that follow the price. The lower number of bars you take a sample of, the closer the line to the current price. They can be useful in determining how strong a market has been. And what number of bars is a...
  5. Piston Broke

    Dont you just hate that?

    here's a link that may help http://www.babypips.com/school/
  6. Piston Broke

    Dont you just hate that?

    Reading the charts won't explain why you made or lost money. They are nothing but a summary of the past. They allow you to see a clear view of what's happened, not what's going to happen. From that you may deduct your own conclusions, and trade accordingly. There's plenty of free online stuff...
  7. Piston Broke

    Dont you just hate that?

    Unfortunately it's not as easy as reading a book and suddenly being able to predict markets or trade profitably. There's a millions books all promising to do that and hardly any do it. They all go through the same indicators, filling up many pages describing them and hardly any teaching you...
  8. Piston Broke

    Dont you just hate that?

    Noticed how 4/5 gapped down? And 1 loss (mcc), which I would'nt trade this way as it aint big enough ;) Maybe I should hit those equities again...
  9. Piston Broke

    Dont you just hate that?

    Just because volume is up don't mean the price will go up thou In me ole SPI trading days I found the best time to watch was the last ~30 mins as the OS traders would come in at the start of their day and try get a head start while the rest of the world was asleep. So if they were buyers, the...
  10. Piston Broke

    Dont you just hate that?

    The gambling aspect is a state of mind, not the market place. Like the person who buys a $20 lottery ticket because the downside is limited and the upside millions. It you buy XXX for 6 cents, do you you do it because the downside is limited? If could go broke, so the downside is 100%. If making...
  11. Piston Broke

    Dont you just hate that?

    The downside is 100%, and earnings are very fudgy for most companies in this period. And most are based on previous numbers that no longer apply. Seems like Betting or gambling to me. NOT value investing. --- I use etrade because it's convenient. These days I don't buy or sell equities, I just...
  12. Piston Broke

    Dont you just hate that?

    The only opinion that counts is the market's opinion. That's were you have to put it, in the market.
  13. Piston Broke

    Dont you just hate that?

    Yep, they work fine for me. Only been trading FX last few years. But nothing works unless you make it work imo. btw the Turtle's orginal trading rules are freely available over the internet if you do a google search. Ask them for the results on their systems for the last few years. He...
  14. Piston Broke

    Dont you just hate that?

    Turtles don't take advantage of anything, the follow the trends. And yes trend following still works well.
Back
Top