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10/07/18
21:33
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Originally posted by mirren
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Have a look at the Wykoff method there is hours of stuff on youtube -tradeguider is also good - understanding the overall behaviour of the markets -and the volume are central volume is the footprint that others leave it shows so much of what is going on - looking at different time frames bigger to smaller is also important - usually I have a quick look at the weekly - at least a few years back to get the overview and then zoom in-
Look at all the different chart patterns - it takes a while to get the points at which something is going to go up or break down -
I do think of trading as a type of game - you level up - you learn a new trick each day - or week you see more and more that can be recognised - It does take time and dedication though - imo - a few years of watching - imo
Fundamentals are also very useful - however nothing usually does anything that is expected on a fundamental time frame - the charts are more useful for that -but knowing all the inns and outs of the potential is important -
Tips are not usually safe- in the sense that there is always an ulterior motive - not always but usually - Learning to sort and decipher all the calls and the perspective of the caller is important -
That also takes time to work out - track record of good calls and a good sense of humour are probably the most desirable -
So much to wade through - it is a journey...
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Wykoff method awesome. Easy to understand, heaps of simplified explanations on the net.
And, more importantly, greetings from TI. And in the spirit of reconciliation, please spare a thought for the original inhabitants of our land (1); happy NAIDOC week 2018. Because of her we can.
Shoes off on the Island. About to hit the kava kava.
(1) All of us, you, me, and every other Australian, in case anyone misinterprets my meaning.